Some countries in Asia are rationing energy – why they’ve been hit hardest by the crisis in the Gulf

By Gokcay Balci, Lecturer in Sustainable Freight Transport and Logistics, University of Leeds
Ebru Surucu-Balci, Assistant Professor in Circular Supply Chains, University of Bradford

The war in Iran has led to a global energy crisis. Shipping traffic through the Strait of Hormuz, a major energy chokepoint that handles roughly 20% of the world’s oil, has been largely blocked by Iran since hostilities broke out in late February. This has, at times, caused oil prices to rise above US$100 a barrel.

As the primary customers of Gulf energy, Asian economies are being hit particularly hard by this crisis. According to figures published by the International Energy Agency in…

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