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International Energy Agency Warns Of Oil Shock

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The UN refugee agency has warned that increased shipping costs, due to the war in the Middle East, are impacting the delivery of aid to refugees in the wider region and Africa. The agency cited the war as an example impacting global humanitarian supply chains. The conflict has entered its fourth year, creating the world's largest displacement crisis. The cost of delivering aid has doubled in recent months, and re-routed shipments around the Cape of Good Hope add up to 25 days in delivery times. The agency's spokeswoman stated the crisis has generated far-reaching ripple effects well beyond the region, with growing consequences for global humanitarian supply chains. The UN Refugee Agency warned that the deteriorating security situation in the Persian Gulf, particularly the Strait of Hormuz, is disrupting maritime traffic.

The UN refugee agency has warned that increased shipping costs, due to the war in the Middle East, are impacting the delivery of aid to refugees in the wider region and Africa. The agency cited the war as an example impacting global humanitarian supply chains. The conflict has entered its fourth year, creating the world's largest displacement crisis. The cost of delivering aid has doubled in recent months, and re-routed shipments around the Cape of Good Hope add up to 25 days in delivery times. The agency's spokeswoman stated the crisis has generated far-reaching ripple effects well beyond the region, with growing consequences for global humanitarian supply chains. The UN Refugee Agency warned that the deteriorating security situation in the Persian Gulf, particularly the Strait of Hormuz, is disrupting maritime traffic. This is causing increased global costs for fuel, food, and freight, delaying critical supplies and reducing the agency's ability to provide timely aid. This follows the consequences of the Russian full-scale invasion of Ukraine. The agency did not provide further details on the nature or scope of this shock. The agency noted that growth has become much more difficult. This warning suggests disruptions to the global oil market are possible. The agency did not specify the causes or timeline of the potential shock.

Topics

UN Refugee Aid Middle East War Shipping Costs

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Sources · 7 independent

WBUR Boston

“The UN refugee agency has warned the increased cost of shipping due to the war in the Middle East is impacting the delivery of aid to refugees in the wider region and Africa.”

BBC WS backup

“The UN refugee agency has warned the increased cost of shipping due to the war in the Middle Least is impacted. delivering aid has doubled in recent months.”

WNYC 93.9 FM

“Middle East is impacting the delivery of aid to refugees in the wider region and Africa. The agency's spokeswoman said the crisis had generated far-reaching ripple effects well beyond the region, with growing consequences for global humanitarian supply chains”

CNR Voice of China

“United Nations Refugee Agency spokesperson Carlotta Wolf said at a press conference in Geneva that the security situation in the main shipping lanes of the Persian Gulf and surrounding areas, especially the Strait of Hormuz, is deteriorating, leading to disruptions in maritime traffic.”

WBUR Boston

“The UN refugee agency has warned the increased cost of shipping due to the war in the Middle East is impacting the delivery of aid to refugees in the wider region and Africa. The cost of delivering aid has doubled in recent months, while re-routed shipments around the Cape of Good Hope add up to 25 days in delivery times.”

CNR Voice of China

“聯合國難民署發言人卡洛塔沃爾夫當天在日內把舉行的新聞發布會上說 海灣主要航線及周邊地區特別是霍爾木茲海峽的安全局勢日益惡化 導致海上交通受阻全球範圍內燃料、食品和貨運成本上漲推高物價 並延誤了關鍵物資的交付降低了原住機構及時提供原住的能力”

CNR Voice of China

“聯合國難民署發言人卡洛塔沃爾夫當天在日內把舉行的新聞發布會上說 海灣主要航線及周邊地區特別是霍爾木茲海峽的安全局勢日益惡化 導致海上交通受阻全球範圍內燃料、食品和貨運成本上漲推高物價 並延誤了關鍵物資的交付降低了原住機構及時提供原住的能力 能力”

BBC World Service

“then we had the consequences of the Russian full-scale invasion of Ukraine. And now we're coping with the biggest oil shock.”

WAMU 88.5 DC

“consequences of the Russian full-scale invasion of Ukraine. And now we're co- with the biggest oil shock I think the International Energy Agency has its biggest oil shock world has seen.”

WBUR Boston

“the International Energy Agency says its biggest oil shock world has seen.”

WBUR Boston

“the International Energy Agency says its biggest oil shock world has seen. and so showing some growth, you know, whatever have become much, much more difficult.”

RFI Afrique

“The International Energy Agency has warned of a major oil shock.”

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