Concerns about a potential "second oil shock" are spreading, but Japanese analysts say a prolonged blockade is structurally unlikely because China and

The closure of the Strait of Hormuz and US-Israeli strikes in Iran are reigniting the specter of a surge in crude oil prices. But the global economy is less vulnerable today than…

LONDON: Asian governments and refiners rushed to assess oil stockpiles as well as alternative shipping routes and supplies as the Iran conflict disrupted shipping in the crucial…

A closure of the Strait of Hormuz would send shockwaves through global energy markets, but the pain would be felt most acutely in Asia.

Countries in Asia rely heavily on Middle Eastern oil exports, notably China, which imports 57% of the oil it needs from the region.

Concerns about a potential "second oil shock" are spreading, but Japanese analysts say a prolonged blockade is structurally unlikely because China and

Following US-Israeli strikes on Iran, maritime traffic in the Persian Gulf has ground to a halt. These disruptions risk causing congestion at Asian ports.