#AlJazeera Ethiopia’s fuel crisis deepens as war on Iran drives up prices

Ethiopia’s fuel crisis deepens as war on Iran drives up prices
Ethiopia is facing a deepening fuel crisis as the war on Iran and closure of strait of Hormuz drives up global oil prices and disrupts supply chains.
In Addis Ababa, drivers queue for days at petrol stations often only to find no fuel available, leaving taxis and lorries stranded. Transport shortages have pushed up food prices by nearly 40 percent, with markets struggling to explain daily increases to customers. Export-dependent businesses report shipping costs have more than doubled, threatening their viability. Ethiopia imports nearly all its fuel from the Gulf region, making it acutely vulnerable to the economic shockwaves of distant conflict.

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