Asia seeing energy ‘drought’ on horizon from Strait of Hormuz closure, MPs hear

Norwegian energy firm Equinor said it wanted to develop the Rosebank field with the ‘lowest possible carbon footprint’. (Andy Buchanan/PA) -

Asian markets are seeing a “big drought” of oil and gas on the horizon because of the closure of the Strait of Hormuz, MPs have heard.

Equinor, which is a major energy supplier to Europe, said a number of its vessels were caught up in the disruption.