Asia is facing the risk of a second energy shock wave from the conflict in Iran, as the region's initial defensive measures are gradually depleted.
According to experts, during the early phase of the conflict, Asia utilized strategic reserves and long-term contracts to mitigate the impact. However, these resources are dwindling, leaving the region more vulnerable to energy price volatility and supply disruptions.
Major economies such as Japan, South Korea, and India, which depend heavily on oil imports from the Middle East, are facing growing pressure. Surging crude oil prices alongside skyrocketing maritime transport costs have pushed production and living expenses to record levels.
Reports from energy markets indicate that strategic oil reserves in many Asian nations have fallen significantly below safe levels. Meanwhile, shipping routes through the Strait of Hormuz remain fraught with risk due to attacks by armed forces.
Experts warn that if the conflict persists, Asia could confront a full-blown energy crisis, affecting regional economic growth and social stability.
