Global Gas Crisis Escalates Amid Hormuz Blockade War Chaos Affects 25 Nations Including India

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Global Gas Crisis: Iran-Israel War Triggers 'Lockdown-like' Situations in 25 Countries

ईरान-इजरायल युद्ध की वजह से दुनिया में आर्थिक संकट. (AP)

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News18•10-03-2026, 15:35

Global Gas Crisis: Iran-Israel War Triggers 'Lockdown-like' Situations in 25 Countries

•Iran-Israel war escalates global energy crisis, increasing LPG, petrol, diesel prices by up to 30%.
•25 nations, including India, China, Japan, and European countries, face severe gas shortages due to Strait of Hormuz restrictions.
•Europe sees 45% gas price hike, Japan/South Korea experience power cuts, and Pakistan/Sri Lanka report long queues.
•India's Modi government implements Natural Gas Order 2026, prioritizing domestic supply and mandating a 25-day gap for cylinder refills.
•India holds 8 weeks of strategic reserves; Petroleum Minister Hardeep Singh Puri urges calm amidst global market volatility.

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