Asian policymakers are stepping up emergency measures to protect their economies from the growing fallout of the global energy supply shock, as weakening currencies, surging fuel costs and capital outflows intensify pressure across the region.
According to Reuters, Asia’s heavy dependence on oil shipments through the Strait of Hormuz has left economies particularly exposed after disruptions linked to the escalating Middle East conflict tightened crude supplies. The region purchases nearly 80% of the oil transported through the strategic waterway, making rising energy prices a direct threat to inflation, growth and financial stability.
