Niue

Niue faces a critical energy security situation, importing 100% of its oil with extremely limited reserves of only 10 days. Gasoline prices are among the highest at $1.68/L, reflecting the island's complete reliance on external supplies and high transportation costs. Despite no direct exposure to the Strait of Hormuz, the global supply deficit and elevated Brent prices significantly impact this very small island nation. Moderate food risk and a 65% increase in fertilizer prices further compound economic vulnerabilities. The outlook for Niue in the coming weeks is grim, with sustained high prices and a high probability of fuel shortages unless global oil markets stabilize.