The article does not discuss Portugal; instead, it reports on the global energy crisis caused by a significant reduction in oil supply, primarily due to Iran blocking the Strait of Ormuz. This has led to a record-breaking 20% cut in worldwide oil supply, causing oil prices to surge past $100 per barrel and raising fears of reaching $200. Russia benefits financially from higher oil prices, while the US and Iran tensions threaten prolonged conflict and economic damage. Strategic oil reserves are insufficient to offset the supply disruption, and geopolitical tensions continue to escalate, impacting global markets.