US president Donald Trump's war on Iran and the ongoing oil crisis have unilaterally impacted Asia and pushed nations to impose drastic Covid-19-era measures to conserve energy.
Asia has been at the frontline of the crisis, with almost 90 per cent of its purchased crude oil transiting through the Strait of Hormuz, which has been shut by Tehran after strikes by the US and Israel last month. The strait, which links the Persian Gulf to the Indian Ocean, is pivotal for the flow of roughly a fifth of the world’s energy supply.
