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Podcast: γ¬γ’γΈγ§γθ±δΌθ©± Daily News Article Podcast
Episode: Asian analysts on βgrimβ situation in Middle East driving petrol prices higher
Description: Global energy trade is in turmoil as war around the Persian Gulf chokes off oil and natural gas shipments, causing prices to soar.
Asia is the most exposed since it relies heavily on imported fuel, much of it shipped through the Strait of Hormuz, the narrow passageway that carries a fifth of global trade in crude oil and liquified natural gas (LNG).
About 13 million barrels of oil per day moved through the corridor in 2025, according to energy consultancy Kpler. That's about a third of all seaborne crude, the unrefined petroleum that is processed into fuels such as gasoline and diesel.
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