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What is the 'double squeeze' problem that govt mentioned in its Economic Review?
short by Ashley Paul / on Sunday, 29 March, 2026
The Finance Ministry said the fundamental problem arising out of the Middle East war is a "simultaneous double squeeze". The ministry's Economic Review for March explained the squeeze as "no crude coming in and no product going out". "So even when crude can come in via alternate pipelines, finished products cannot leave as they're dependent on tankers," it said.
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