The Day Asia's Floor Gave Way: How a Continental Crisis Reaches Latin America's Shores

Rio Times · Analysis

Key Facts

—Strait of Hormuz Closure A six-week disruption of the world’s most critical oil chokepoint has sent Asian spot LNG prices to forty-eight dollars per mmBtu and triggered fuel rationing in Japan for the first time since 1973.

—India-Pakistan Airstrikes Indian jets struck targets across the Line of Control for the first time since 2019, following a cross-border rocket attack that killed two Indian soldiers; Pakistan vowed a disproportionate response.

—South Korean Market Collapse The KOSPI index crashed 12.3 per cent, a generational financial trauma for young investors, leading to an emergency short-selling ban as tens of thousands protested a political vacuum in Seoul.