Strait of Hormuz blockade threatens global energy markets. Iran's closure of this critical waterway, through which 13 million barrels of oil pass daily, is already pushing Brent crude up 2.6% to $80 per barrel. Analysts warn prolonged disruption could send oil surging past $100. Asia faces maximum exposure, with Thailand, India, South Korea, and the Philippines most vulnerable due to high import dependence. Pakistan and Bangladesh are especially at risk, relying on Qatar and UAE for over 70% of LNG imports with minimal storage capacity. Qatar halted production after Iranian drone strikes. Energy exporters like Malaysia may benefit, but the broader impact threatens inflation and economic slowdown across Asia's largest economies.
