From 9pm shutdowns to remote work: Egypt cuts fuel amid power crisis

What Happened

Egypt announced fuel conservation steps after global oil prices surged due to Iran-Israel conflict disrupting Strait of Hormuz shipping. Oil traffic through the strait plummeted 95 percent since March. Egypt's energy import bill jumped from $1.2 billion in January to $2.5 billion in March. Other nations including Malaysia, Philippines, Thailand, Vietnam, Pakistan, and Bangladesh implemented similar energy-saving measures. Brent crude oil reached $109 per barrel, up from $65 before the conflict.

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