Eurasia Review | Khant Eaint Hmoo
The 2026 Israel-Iran war, initiated on February 28, 2026, by coordinated Israeli and U.S. attacks, has profoundly impacted global energy markets, leading to severe fuel shortages and rising costs in Myanmar. Myanmar, heavily reliant on over 90% imported fuel and with only 3% domestic production, faces extreme vulnerability due to instability in the Strait of Hormuz, which blocks a quarter of global crude oil shipments. This crisis has disrupted agriculture, increasing fertilizer costs (Myanmar imports over USD 500 million annually) and threatening food security, with farmers struggling with diesel prices nearing 4,000 kyats per litre. The junta, led by President Min Aung Hlaing, implemented ineffective measures like odd-even license plate policies and a flawed QR fuel distribution system, while crony-controlled EV markets saw prices surge from 195 million to 285 million kyats. The National Unity Government's fuel transit permit system, aimed at weakening the regime, has also caused local shortages.
No comments:
Post a Comment