Altcoins News
By James Thorp
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France Leads the Pain, Macron Calls G7. France is taking the hardest visible hit among wealthy nations.
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Pakistan, Bangladesh, and Nepal: Rationing Gets Harder. Pakistan brought emergency fuel restrictions back on September 17 — 89 days after lifting them.
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Winter Is Coming and the Competition Gets Ugly. The Northern Hemisphere's heating season is basically here.
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Day 203. That's where things stand, and the fuel pain is spreading fast across five countries simultaneously — France, Pakistan, Bangladesh, Indonesia, and Nepal — each dealing…
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Brent crude surged to nearly $110 this month, the highest since spring. The Strait of Hormuz has been badly disrupted since Iran retaliated against US and Israeli strikes on…
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France is taking the hardest visible hit among wealthy nations. Between September 13 and 15, somewhere between 10% and 12% of French fuel stations were missing at least one fuel…
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President Emmanuel Macron said France might tap strategic reserves and wants a G7 meeting to coordinate a joint response.
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No word yet from other G7 governments on whether they'll join Macron's call.
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Pakistan brought emergency fuel restrictions back on September 17 — 89 days after lifting them. Businesses now face strict operating hour limits.
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See also: Bank of Japan Hikes Rate to 1.25%, Highest Since 1995, Amid Oil Crisis
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Bangladesh is probably in the roughest spot of all. The country is heavily dependent on imported petroleum, and energy rationing there has gotten severe.
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Nepal's situation is a bit different but just as bad. A landslide blocked the Prithvi Highway, cutting off a key supply route into Kathmandu.
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Indonesia is dealing with long queues, especially in Makassar, where drivers waited up to three hours for fuel.
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The Northern Hemisphere's heating season is basically here. And that means Pakistan, Bangladesh, Indonesia, and Nepal are all competing for the same energy resources that Europe…
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More context: Bitcoin Surges Past $81K as $250M in Shorts Liquidated Amid Rising Bond Yields
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