Myanmar imports more than 90% of its crude oil from other countries. The current fuel shortage is not directly caused by the Iran-Israel war.

The main reasons are the high dollar exchange rate, banking instability, and transportation problems due to the civil war.

However, the Iran-Israel war can push global oil prices up and indirectly affect Myanmar's fuel prices.

So the conflict situation could become an additional pressure on Myanmar's fuel prices.

Jack

#MyanmarFuelShortage #OilPrices #BinanceSquare