energy prices

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Hong Kong authorities have launched 18 joint operations this year against illicit refuelling stations amid an ongoing oil crisis triggered by the US-Israel war with Iran. Customs chief Chan Tsz-tat noted the practice has become more common in urban areas following a surge in complaints earlier this year, though it remains not widespread locally.

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South Africa faces acute fuel supply disruptions from the Middle East conflict and Strait of Hormuz closure, despite government assurances of no crisis. Local shortages have emerged, while price increases loom for April. Agricultural harvests risk lower yields due to diesel limits.

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