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Asia's Energy Crisis Deepens as Red Sea Oil Blockade Cuts Off Gulf Supplies
The Guardian·Wednesday, 29 July 2026
Asian governments are scrambling to secure oil after a Houthi blockade of the Red Sea threatens Saudi oil exports, compounding an earlier crisis caused by the closure of the Strait of Hormuz. Countries like Japan, South Korea, the Philippines, and Thailand — which depend heavily on Middle East oil — are now facing their second major energy crunch in six months. Only the Suez Canal remains fully open for Gulf oil movement.
Why It Matters
India depends significantly on Middle East oil imports, and a double blockade of key maritime routes could push fuel prices higher and strain energy security across the region.
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