Nauru

Nauru is critically vulnerable, importing all its oil with only 10 days of reserves, making it highly susceptible to the 17 mb/d global supply deficit. Gasoline prices at $1.62/L are straining the economy, further compounded by declining phosphate revenues and a 68% jump in fertilizer costs, indicating growing food security concerns. While geographically distant from Hormuz, its small size and isolation limit resilience. Without significant external aid or a rapid resolution to the conflict, Nauru's economic and energy stability will likely deteriorate further in the near term.