Dhaka, March 13 -- The war in Iran has sent shockwaves through global oil markets, triggering a fuel crisis as the Strait of Hormuz -- one of the world's most critical energy corridors -- remains effectively closed to oil tankers.

As of Thursday, the disruption has led to supply shortages and sharp price increases, forcing governments around the world to ration energy, release reserves and seek alternative supplies.

United States

According to a report published by CNN, the United States, which has long pressured countries to avoid purchasing Russian energy, has issued a new licence allowing the temporary purchase of certain Russian oil products.

Australia

Australia has begun releasing 762 million litres of petrol and diesel from its ...