Russia's Gasoline Ban Meets Iran's Hormuz Toll — The Double Squeeze on Global Fuel Supply

Russia's April 1 gasoline export ban arrives as Iran legislates permanent Hormuz tolls — removing two major supply arteries simultaneously. South Korea imposed oil price caps. Central Asian nations without EAEU exemptions face shortages. European refiners may find new opportunities, but the net global effect is a tighter supply through Q3 2026.

Ghana faces a double squeeze: Hormuz disrupts crude from the Gulf; Russia's ban disrupts refined products filtering through Africa at discounted prices. BOST must disclose strategic reserve levels. NPA must publish a daily fuel supply dashboard. Transparency prevents panic — silence creates it.