Middle East conflict causes fuel shortage, multiple Vietnamese airlines to reduce flight numbers

1. Due to the disruption of shipping caused by the Middle East conflict, resulting in tight fuel supplies and soaring prices, multiple Vietnamese airlines have announced that they will reduce the number of domestic and international flights starting from April, with some airlines cutting more than 50%. Vietnam's strategic crude oil reserves are extremely limited, and its energy supply is highly dependent on imports.2. Data released by the Ministry of Industry and Trade of Vietnam on the 25th shows that the current diesel price in the country has more than doubled compared to the end of February before the outbreak of the US-Israel conflict with Iran, rising from 19,270 Vietnamese dong per liter to 39,660 Vietnamese dong per liter (approximately 10.4 yuan). With the Strait of Hormuz effectively blocked, the global energy supply chain remains under persistent pressure.