Iraq turns to Syria for gasoline as Strait of Hormuz closure disrupts fuel supplies - CNBC TV18

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Iraqi fuel trucks loaded gasoline at a Syrian port on Tuesday in a bid to meet surging energy demand as the critical Strait of Hormuz remains closed and mediators work with Iran and the United States to end the war.The disruption of the strait has sent shock waves through the global economy, prompting countries to scramble for alternatives and sending fuel prices soaring. A fifth of the world’s traded oil and gas transited through the narrow waterway before the war.Syria, under interim president Ahmad al-Sharaa, who ousted longtime leader Bashar Assad in December 2024, has seized the opportuni…