Executive Director Fatih Birol warns that the prolonged blockage of the Strait of Hormuz will force regional refiners to choose between buying expensive crude, depleting stocks, or cutting back production

Asia’s dependence on Middle Eastern oil and gas has left it dangerously exposed to the Hormuz energy crisis.

Executive Director Fatih Birol warns that the prolonged blockage of the Strait of Hormuz will force regional refiners to choose between buying expensive crude, depleting stocks,…