Asia braces for fuel shock as Hormuz crisis tightens oil flow
The Iran war has effectively closed the Strait of Hormuz, choking about 20% of global oil supply and 90% of oil shipments to Asia, prompting Asian governments to curb energy use with work-from-home measures, holidays, and rationing. The Philippines declared an energy emergency; Thailand, Sri Lanka, Myanmar, and India report fuel shortages and rising prices, hitting jeepney drivers, farmers, and restaurants with reduced income and longer queues at gas stations as authorities try to stabilize supplies.