Queues, Price Hikes and Shortages as Asia Battles Fuel Crunch
From Thai farmers racing for diesel to Indian refinery executives monitoring the Persian Gulf through the night, energy buyers across import-dependent Asia are feeling the impact of a dramatic crunch.
US and Israeli attacks on Iran have triggered days of retaliatory strikes, taking out oil and gas production, shuttering export plants and all but closing the Strait of Hormuz, the narrow waterway connecting some of the world’s largest producers with the rest of the world.