Tipping point looms for global energy crisis • Financial Times (opens in new tab)

Malcolm Moore, Sam Fleming and Jonathan Vincent: Nearly 80 countries have now introduced emergency measures to protect their economies as the world approaches a new, more dangerous phase in the energy crisis driven by the Iran war. Governments are stepping up their responses ahead of a looming tipping point, when traders warn that oil prices could jump again sharply unless more fuel trapped in the Gulf can be exported through the blockaded Strait of Hormuz. Paul Diggle, chief economist at fun...