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Strait of Hormuz closure triggers global energy shock
The effective blockade of the Strait of Hormuz following military hostilities between the U.S., Israel, and Iran in late February has sent oil markets into turmoil, with prices surging and stock exchanges reacting nervously. The critical waterway, which channels approximately one-fifth of the world's oil supply, now permits only a limited number of vessels to pass daily. Simultaneously, attacks on regional energy infrastructure have further tightened supply, exacerbating price pressures.
Asia bears brunt of supply squeeze
Nearly 90% of the oil and gas transiting the strait is destined for Asian nations, making the region particularly vulnerable. Governments have responded with emergency measures, including remote work directives, shortened workweeks, early university closures, and national holidays aimed at conserving fuel. Even China, which maintains strategic reserves equivalent to three months of imports, has intervened to cap fuel price increases after costs jumped by 20%.
Philippines declares national emergency over fuel shortages
The Philippines became the first country to declare a state of emergency on Tuesday, citing the conflict's threat to energy stability. The impact has been acute for the nation's jeepney drivers, who report earnings plummeting from 1,000-1,200 pesos ($16.60-$19.92) per 12-hour shift to as little as 200-500 pesos. Carlos Bragal Jr, a driver in Manila, told the BBC that rising fuel costs-compounded by existing tax burdens and stalled fare hikes-have left some colleagues earning nothing.
"I sent my daughters to school because of this job-one just graduated, the other is about to. We had a good life. Now, we don't know what will happen in the coming weeks. If this continues, it will destroy us and our family."
Carlos Bragal Jr, jeepney driver
The crisis extends beyond transportation. Fishermen and farmers, including vegetable growers in Bulacan, have halted operations due to unaffordable fuel. While the government has offered cash assistance, drivers like Carlos dismiss it as insufficient, noting the subsidy covers only two days of work.
Thailand and Sri Lanka adopt drastic conservation measures
In Thailand, public broadcaster Thai PBS made headlines when news anchors removed their blazers on air to encourage energy conservation amid soaring temperatures. Sirima Songklin, a veteran presenter, explained the gesture was symbolic but necessary: "Taking off the suit isn't the whole solution, but it shows we're not ignoring the crisis. It's astonishing how a small act reflects the conflict's impact here."
Authorities have mandated air conditioning be set to 26-27°C and ordered government employees to work remotely. Despite assurances of adequate reserves, the measures underscore the severity of the situation.
Sri Lanka, still recovering from its 2022 financial collapse, has reintroduced fuel rationing and declared Wednesdays a public holiday. Nimal, a lawnmower operator in Colombo, described the ripple effects: "I didn't go to work today. We're struggling to meet daily needs. By the time I queue for fuel, someone else has taken my job."
Myanmar and India face economic fallout
Myanmar's military government has imposed an alternate-day driving policy for private vehicles, disrupting social routines. Ko Htet, a bank employee using public transport, noted the logistical challenges: "We now debate whether to meet on even or odd days. It's a small inconvenience compared to fears of a black market emerging."
India, where 90% of liquefied petroleum gas (LPG) imports traverse the Strait of Hormuz, has seen severe disruptions. In Gujarat, the ceramics industry has shuttered for nearly a month, leaving 400,000 workers idle. Migrant laborer Sachin Parashar told local media, "I'll go hungry if this continues. My employer provides food and shelter, but what if the shutdown never ends?"
In Mumbai, one-fifth of restaurants have closed or reduced operations, with menus stripped of slow-cooked dishes. Manpreet Singh of the National Restaurant Association of India warned, "The situation is dire. Cooking gas simply isn't available."
Uncertainty looms as conflict persists
With no resolution in sight, Asian nations brace for prolonged hardship. Governments scramble to mitigate shortages, but citizens like Carlos Bragal Jr question whether the measures will suffice. "Our situation is worse than during the pandemic," he said. "We're running out of options."
