Non-rich Asian states, hit hardest by Iran crisis, ration energy

The war in Iran has led to a global energy crisis. Shipping traffic through the Strait of Hormuz, a major energy chokepoint that handles roughly 20% of the world’s oil, has been largely blocked by Iran since hostilities broke out in late February. This has, at times, caused oil prices to rise above US$100 a […] The post Non-rich Asian states, hit hardest by Iran crisis, ration energy appeared first on Asia Times.