Everyday life in Asia is being upended by Iran war fuel crisis
Asia relies heavily on oil and gas from the Gulf, and shortages and higher prices are starting to bite.
Coverage by Political Leaning
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Notable Quotes
"The fuel subsidy from the government isn't enough. It's for a two-day drive. So what happens after two days? Our situation now is worse than during the pandemic."
— Carlos Bragal Jr , Other
"Taking off the suit isn't the whole solution for energy conservation, but what we did is to show that we're not ignoring what's happening."
— Sirima Songklin , Other
"During the previous time, the country did not have money to buy fuel. Now, the country has money, but there is no fuel for us to buy."
— Dimuthu , Other
Key People
Ali Khamenei was the Supreme Leader of Iran until his death.
A jeepney driver in the Philippines affected by the fuel crisis.
A resident of Colombo, Sri Lanka, reflecting on the current fuel crisis.
A news presenter at public broadcaster Thai PBS who promoted energy conservation during the fuel crisis.
Tags
All Coverage
Asia relies heavily on oil and gas from the Gulf, and shortages and higher prices are starting to bite.
Major Asian economies are urgently seeking alternative oil and gas sources to mitigate potential shortages caused by the Middle East conflict disrupting the Strait of Hormuz, a vital energy transit route.
The conflict in Iran has led to significant disruptions in crude oil supply, causing oil prices to surge and stock futures to decline, highlighting the global economic impact of the crisis.
Following military strikes in Iran and the closure of the Strait of Hormuz, oil prices are anticipated to rise sharply, affecting global energy markets and economies.
An analysis of the potential implications of blocking the Strait of Hormuz on global oil and liquefied natural gas (LNG) supplies amid escalating Iran-US tensions.
The ongoing crisis in the Strait of Hormuz has led to volatile swings in oil and gas prices, affecting global markets and economies.
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