The Strait of Hormuz Crisis Threatens Asia's Oil and Gas Lifeline The recent crisis in the Strait of Hormuz has left an indelible mark on the global energy landscape.
A prolonged closure or disruption to this critical waterway threatens the flow of oil and gas from Middle Eastern exporters, forcing governments, oil majors, and energy importers to reassess their dependence on these exports.
Countries like Japan have traditionally relied heavily on Middle Eastern crude oil imports but are now investing elsewhere.