OIL CRISIS

Oil prices jumped when Iran’s military blocked the Strait of Hormuz after recent attacks. Many countries that normally buy oil from the Middle East rushed to find other energy sources. Instead of waiting for oil supplies to stabilize, they turned to China, the biggest maker of solar panels, batterie

The Cuban leader has urged the country to act fast on sweeping changes to its economy and society because oil supplies are running low. During a meeting of top officials, he said the government must immediately work on new plans to reshape how business and local governments operate. The call comes a