Crisis

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Indian crowds queue for scarce LPG cylinders amid crisis from Iran conflict, with closed hotels and government priority signs.
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Iran conflict deepens LPG crisis: Government escalates with Essential Commodities Act

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Building on March 5 directive to refineries, the government invoked the Essential Commodities Act on March 10, 2026, amid worsening LPG shortages from the Iran conflict and Strait of Hormuz disruptions. Commercial supplies have halted, severely impacting hotels, restaurants, and crematoriums across India, while prioritizing domestic use.

The Philippine government would need P429 billion to fund support and relief if the Middle East conflict extends until December, according to the Department of Economy, Planning and Development. Secretary Arsenio Balisacan presented the estimates at yesterday's Senate PROTECT committee hearing. The measures include transport support, fuel and fertilizer subsidies, and social protection for the poor.

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In Matanzas, Cuba, families face severe issues with funeral services due to fuel shortages, blackouts, and broken vehicles. Testimonies reveal delays, body decomposition, and a bribery system to expedite procedures. A recent addition of one hearse fails to address the structural crisis.

The Ethiopia Petroleum and Energy Authority (PEA) issued a fuel conservation and prioritization directive on March 17, 2026. It aims to protect the economy from disruptions in global oil supplies due to Middle East geopolitical tensions affecting the Strait of Hormuz. Priority access is given to key sectors.

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The government announces that Sweden will send healthcare personnel to the Middle East due to many stranded Swedes in the region. The personnel will reinforce the Swedish crisis team in the United Arab Emirates. Health Minister Elisabet Lann (KD) emphasizes the need to assess and address medical needs on site.

Deputy President Paul Mashatile has convened a Water Task Team meeting to address interventions for stabilising Gauteng's water supply following recent disruptions. Officials attribute the issues to electro-mechanical failures and a pipe burst in late January. While Rand Water has restored capacity, municipal systems in Johannesburg face ongoing pressure.

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The Cuban peso depreciated to 500 units per US dollar in the informal market on Wednesday, marking a historic low according to the El Toque outlet. This 15 percent drop so far this year worsens the island's economic crisis, driven by external pressures from the United States. The depreciation has deepened since the failed 2021 monetary reform.

 

 

 

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