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Iran and the global fuel crisis

As the world recovers from the consequences of the coronavirus pandemic, just before the arrival of the winter of 2021/2022, demand for fuel is surging and so are the prices of oil and its products.

The world is encountering an energy crunch as the supply of energy sources is failing to meet demand.

Natural gas prices have risen several-fold in Europe, while several factories in China have shut down recently due to power outages linked to the short supply of coal.


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