Countries impose fuel rationing and four-day work weeks
Change
Multiple countries have imposed fuel rationing and mandated four-day work weeks for businesses, and Ireland cut excise duty on gasoline by €0.15 and on diesel by €0.20 as part of a €250 million relief package.
Why it matters
The closure of the Strait of Hormuz has removed roughly 20% of global oil flows, increasing costs and tightening international fuel supplies. Reduced fuel allocations and shorter operating weeks will constrain transport and industrial throughput and increase scheduling uncertainty for cross-border logistics and production.
Implications
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