Asia braces for energy shock as Hormuz shipping slows amid Iran conflict
Asia’s biggest manufacturing economies are racing to secure new oil and gas sources, bolster stockpiles and coordinate responses as the Strait of Hormuz slows shipments amid the Iran conflict. Taiwan, Japan and South Korea have emergency measures and diversification plans; China has ordered cuts to refined-oil exports; India, Indonesia and others are adjusting inventories and imports to hedge against shortages. The energy disruption could lift prices and threaten growth across Asia if the conflict persists.