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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 Senate's probe into the government's response to the Middle East crisis is targeting oil companies for potential profiteering as fuel prices rise sharply. Sen. Sherwin Gatchalian voiced concerns over firms selling old fuel stocks at elevated prices. Sen. Bam Aquino called for a price freeze on essential goods.

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President Ferdinand Marcos Jr. said grounding airplanes is a distinct possibility amid soaring oil prices caused by the Iran-Israel war. In an exclusive Bloomberg interview, he cited scarcity of crude oil supplies and longer refining times. Inflation in the Philippines is expected to rise due to the ongoing fuel crisis.

State company Habanos S.A. announced the suspension of the 26th Habano Cigar Festival, scheduled for February 24–27, without setting a new date. The decision comes amid the island's worst energy crisis in decades, featuring severe fuel rationing and economic collapse. The company stated the move aims to preserve the event's quality standards.

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Cuba is grappling with an acute economic crisis reminiscent of the 1990s 'Special Period,' marked by fuel shortages and paralyzed transportation. Authorities and social media voices are invoking the ghost of the 'zero option,' where imports could drop to zero. Government measures focus on medium- and long-term solutions, while the immediate situation remains uncertain.

Due to a severe fuel shortage worsened by the U.S. intervention in Venezuela, Cuban hospitals have halted surgeries and outpatient transport, while some hotels are closing. President Miguel Díaz-Canel acknowledged difficult times but promised creative resistance. The United Nations warns of a potential humanitarian collapse.

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Örebro Hockey led et knusende 0-3-tap hjemme mot Färjestad, noe som etterlater laget bare på målforskjell fra nedrykkskvaliken med elleve kamper igjen. Kaptein Glenn Gustafsson oppfordrer til å fokusere på å sikre egne poeng, mens trener Niklas Eriksson møter massiv kritikk. Sportssjef Henrik Löwdahl erkjenner delt ansvar i krisen.

 

 

 

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