Double Squeeze on Oil Supply Chains: Novorossiisk Attack and Hormuz Threats Trigger Rationing Debates in Romania — NRG-IA

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The Novorossiisk attack and Hormuz tensions push oil to $110. First proposals for fuel rationing emerge in Romania as supply chains tighten.

Critical Blockage at Novorossiisk and Middle East Threats The energy market in Romania and Europe is facing a double supply shock within the last 48 hours. The Russian terminal at Novorossiisk , the vital point through which Romania imports crude oil from Kazakhstan, has been taken offline following a Ukrainian drone attack. Simultaneously, oil prices have surged past $110 per barrel in Asian markets, driven by threats from U.S. President Donald Trump to target Iran's critical infrastructure. The halt of ship loading at Novorossiisk directly impacts Romania's primary source of crude oil. This logistical vulnerability is amplified by the imminent risk of a blockade in the Strait of Hormuz, a waterway through which approximately one-fifth of global oil consumption transits. The escalating rhetoric between Washington and Tehran has triggered an alert state on international exchanges, with investors fearing a prolonged disruption of Gulf flows. Calls for Fuel Rationing in Romania In this…

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