US EditionMiddle East War Shockwaves Ripple Through Asia-Pacific Fuel and Supply Chains
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Sri Lanka, Pakistan, Bangladesh, Vietnam, Burma, Thailand are stepping up measures to preserve their fuel reserves in the midst of war in the Middle East, which led to the blockade of the Strait of Ormuz, which transported millions of barrels of oil from the Gulf to Asia.
Middle East war shockwaves ripple through Asia-Pacific fuel and supply chains
By Vibhu Mishra in Kathmandu The fallout from the war in the Middle East is rippling far beyond the Gulf, disrupting fuel supplies, shipping routes and supply chains across Asia and the Pacific, with some of the region’s most vulnerable economies already feeling the strain through rising prices, rationing and threats to jobs, food security and remittances. The immediate impact is visible in sharp increases in transport costs, energy and fertilis…
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