Brian Lair on WNYC.

Now we turn to a worsening side effect of the Iran war.

Fuel shortages.

I don't just mean more expensive fuel, actual shortages from the twin blockades

of the Strait of Hormuz, the U.S. is one, and Iran's. The International Energy Agency is calling

this the largest supply disruption in history. And while here in the U.S., we are mostly feeling

the price squeeze at the pump,

now we also have Air Canada significantly curtailing flights into and out of New York airports,

for example, and the effects are far more severe in other countries. Here are some headlines

from around the world. In the United Kingdom, pharmacies are

charging 20 to 30 percent more for over-the-counter medicines. And the common pain killer

paracetamol, if I'm saying that right, known as acetaminophen or Tylenol in the United States,

has more than quadrupled in price in the UK, that according to Al Jazeera,

German airline Luftanzah said this week it would cut 20,000 flights from its schedule through the fall

to save on jet fuel. That's an NPR report. Starting April 15th, civil servants in Malaysia

began working from home as a measure to reduce the demand on fuel

in that country. Last month, Pakistan closed schools for two weeks and ordered universities

to shift online to reduce commuting. Thank you, Reuters, for that story. Joining us now to

explain how the war and subsequent Hormuz blockades is impacting global

energy markets in European and Asian countries in particular that rely on that supply, as well

as trickling into the United States, like with that Air Canada cut, is Mathieu Favas,

commodities editor at The Economist. He joins us from London. Mathieu,avvas, Commodities Editor at The Economist.

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