Crisi energetica
Iran-Israel war escalates with Strait of Hormuz closure
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The ongoing war between Iran and Israel has intensified, with missile exchanges and the continued closure of the Strait of Hormuz disrupting global oil supplies. Oil prices have surged above $100 per barrel, fueling market declines and inflation fears worldwide. Governments are responding with measures to stabilize energy markets amid concerns over prolonged conflict.
As fears of LPG shortages intensify due to West Asia conflict disruptions, the Indian government has assured adequate supplies and cracked down on black-marketing, while induction stove demand continues to surge following the initial rush reported earlier this week. Prime Minister Narendra Modi urged calm, promising to overcome the crisis like during Covid.
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On March 12, 2026, opposition MPs protested in the Parliament House complex against the shortage of commercial LPG cylinders. Rahul Gandhi attacked Prime Minister Narendra Modi, stating that the PM is panicked over the Epstein files and Adani case. Protesters raised slogans and demonstrated with a mock brick stove.
Russian drones and missiles targeted Ukrainian energy facilities early Friday, leaving large parts of Kyiv without power and water while halting metro services. The assault affected nine regions, with over a million households temporarily losing electricity. A seven-year-old was killed in southeastern Ukraine, and residents faced severe disruptions as winter approaches.