Governments worldwide are deploying diverse tactics to shield consumers from the escalating energy costs induced by the U.S.-Israeli conflict with Iran. This tension threatens the stability of energy supplies, particularly through the near-closure of the Strait of Hormuz, a vital chokepoint for global oil transportation.Nations like Argentina, Australia, and Bangladesh are implementing measures ranging from tax modifications to the release of fuel reserves. Argentina has adjusted fuel taxes, while Australia's government is unlocking reserves to aid sectors like agriculture and the rural supply chain. Bangladesh seeks international finance to secure energy imports.Meanwhile, countries such as China, Egypt, and the European…