Strait of Hormuz disruption — Day 55 (since 28 Feb 2026). Brent crude +43% vs pre-war baseline. 4 countries below 30 days of reserves.
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AI-generated · Friday, April 24, 2026
Brent Surges to $106 as Hormuz Disruption Continues
- Brent crude oil prices climbed to $106.14/bbl, an 11.2% increase from yesterday, driven by escalating tensions and Strait of Hormuz disruption.
- Several countries, including Palestine, Lebanon, and Somalia, face critical food risk with only 2-3 days of fuel reserves remaining.
- The EU formally approved a 90 billion euro loan package for Ukraine and new sanctions against Russia, aiming to support Kyiv amid ongoing conflict.
- Phillips 66 utilized a Jones Act waiver to ship US crude on a foreign-flagged tanker, signaling potential flexibility in domestic crude transport.
- Airlines are canceling flights and raising prices due to higher jet fuel costs, impacting travel to destinations like the UK.
- The ongoing conflict sees extended truces in Lebanon, while geopolitical alignments between Russia and Iran continue to reshape global dynamics.
AI-generated summary based on live country data & latest news. Updated twice daily (06:00 & 18:00 UTC) and on major price moves. Not financial advice.
Ukraine
High RiskUkraine under dual pressure from war and energy crisis. Fuel imports severely disrupted.
Pakistan
High RiskPakistan faces acute fuel and food crisis. Fertilizer costs have nearly doubled. IMF emergency talks ongoing.
Egypt
High RiskEgypt faces acute food and fuel crisis. Suez Canal revenues declining. IMF bailout under negotiation.
Lebanon
CriticalLebanon has virtually no fuel reserves. Generator fuel at crisis levels. Economic collapse ongoing.
Bangladesh
CriticalBangladesh has fewer than 3 weeks of fuel reserves. Power cuts of 8-12 hours daily reported.
Sri Lanka
High RiskSri Lanka still recovering from 2022 crisis. New energy shock threatens economic collapse.
Philippines
High RiskPhilippines imports 95% of oil. Jeepney fuel subsidies straining national budget.
Palestine
CriticalGaza and West Bank face critical fuel shortages. Humanitarian crisis.
Yemen
CriticalYemen faces catastrophic humanitarian crisis. Fuel nearly unavailable in many areas.
Syria
CriticalSyria faces catastrophic energy crisis compounded by ongoing conflict.
Jordan
High RiskJordan imports 97% of energy. Aqaba port a key supply route under pressure.
Somalia
CriticalSomalia has no fuel reserves. Humanitarian crisis at critical level.
Food Security Crisis
6 in crisis or severe stressLatest Energy News
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Airlines are putting up prices and cancelling flights in response to higher jet fuel prices.
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Will complex EU loan deal intensify conflict?
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US sanctions Cambodian senator over purported scam network links
US Treasury Department accuses Kok An and associates of using political influence to protect network of fraud centres.
Critical Reserves Alert — Under 30 Days
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About This Tracker
OilCrisisTracker monitors the global energy impact of the 2026 Iran conflict. Following military strikes on Iranian oil infrastructure in late February 2026, the Strait of Hormuz — through which approximately 21 million barrels of oil pass daily — has been significantly disrupted. This tracker provides daily data on fuel prices, strategic reserves, fertilizer costs, and food security risk across every country in the world.
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