Southeast Asian governments and businesses are implementing emergency measures including reduced work weeks, travel restrictions, and price caps as the closure of the Strait of Hormuz disrupts oil supplies following the U.S.-Israeli conflict with Iran. The region's limited fuel reserves—ranging from 20 to 65 days depending on the country—face depletion, with nations like the Philippines, Thailand, and Vietnam particularly vulnerable due to their heavy reliance on imported crude oil and petroleum products.
Otto Beta
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Southeast Asian governments and businesses are implementing emergency measures including reduced work weeks, travel restrictions, and price caps as the closure of the Strait of Hormuz disrupts oil supplies following the U.S.-Israeli conflict with Iran. The region's limited fuel reserves—ranging from 20 to 65 days depending on the country—face depletion, with nations like the Philippines, Thailand, and Vietnam particularly vulnerable due to their heavy reliance on imported crude oil and petroleum products.