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Global energy crisis highlights meagre oil buffers in developing world

Global energy crisis highlights meagre oil buffers in developing worldAs the blockade of the Strait of Hormuz drives the worst energy crunch in modern history, leading governments to scramble to unload their emergency oil stockpiles, developing countries are among the least prepa

BRIC Team
BRIC Team
May 12, 2026 · 1 min read
Originally reported by Al Jazeera

Global energy crisis highlights meagre oil buffers in developing world

As the blockade of the Strait of Hormuz drives the worst energy crunch in modern history, leading governments to scramble to unload their emergency oil stockpiles, developing countries are among the least prepared to mitigate the shock.Although surging fuel prices due to the fallout of the US-Israel war on Iran have impacted most of the world, import-reliant poorer countries are among the worst affected and the most lacking in energy reserves to cushion the blow.Recommended Stories list of 4 itemslist 1 of 4Trump to discuss Iran with Xi Jinping during China visit: Officialslist 2 of 4Barcelona clinch back-to-back La Liga titles with 2-0 win over Real Madridlist 3 of 4Somalis rally against government-ordered evictions in Mogadishulist 4 of 4What next for Real Madrid after Barcelona’s La Lig

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