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world12h ago
The Strait of Hormuz is facing a blockade. These countries will be most impacted
- Iran announces the Strait of Hormuz closure, threatening to target vessels at sea and disrupt a key oil route.
- The Strait carries about 31% of seaborne crude, with roughly 13 million barrels per day passing through in 2025.
- Asia faces the most pain from higher oil and LNG prices due to high import reliance.
- Pakistan and Bangladesh face immediate vulnerability due to LNG imports from Qatar and UAE.
- India bears the largest combined exposure in the region to Gulf-linked LNG and Brent-indexed oil.
- China has large exposure but buffers like stockpiles and alternative suppliers.
- Japan and South Korea rely heavily on Middle East oil and face price shocks even without shortages.
- Southeast Asia could see cost inflation rather than immediate shortages.
- Qatar and UAE LNG shares heavily influence LNG imports to several South Asian nations.
- Stockpiles and strategic reserves may cushion some regions temporarily.
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