fake off – For over a month, tensions in the Strait of Hormuz have made it impossible for many oil tankers and merchant ships to pass through. This situation is putting the economy of many countries at risk, according to several social media posts.
“If the situation does not return to normal by May, the global economy will be hit by a historic crisis,” some internet users have been sounding the alarm in recent days. They have started listing the possible impacts of the blockade of the Strait of Hormuz in posts on social media platforms, especially in Asian and Oceanian countries outside of Europe.
For example, South Korea could shift to a “war economy” and without the strait reopening in the coming months, Australians might have to “ration” to “save agricultural crops.” Countries like Sri Lanka, the Philippines, Thailand, and India have reportedly begun implementing “emergency measures” such as a maximum fuel purchase quota and intermittent cuts to air conditioning to reduce energy consumption.
“Energy crisis,” “global recession”… Can the blockage of this strait really have the power to cripple the economies of so many countries?
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