economic high confidence

Nepal Announces Two-Day Weekends to Conserve Fuel as Iran War-Driven Energy Crisis Deepens

| Iran Conflict

Nepal announced a shift to two-day weekends as an emergency fuel conservation measure in response to the deepening energy crisis triggered by the Iran war and Hormuz closure. The move reflects the far-reaching global impact of the Strait of Hormuz blockade, with South Asian nations — heavily dependent on Gulf energy imports — now implementing emergency rationing measures. Nepal joins a growing list of nations in Asia and beyond forced to adopt austerity responses as the disruption to global oil supply chains extends into its second month, with no near-term resolution in sight.