The world has been rocked by the effective blockade of the Strait of Hormuz following the start of the US and Israel’s conflict with Iran in late February. As the world waits to see when Iran will permit the crucial waterway—through which roughly 20% of all oil passes—to reopen, oil prices have skyrocketed and global markets have faltered.
Only a few ships pass across the strait every day at the time. Attacks on the region’s energy infrastructure, meanwhile, have merely increased costs. Asia is arguably the region that has experienced it the most, since about 90% of the gas and oil that cross the strait are destined for Asian nations.
To save resources, governments have mandated that workers work from home, shortened the workweek, announced national holidays, and closed universities early. Even China, which is believed to have stockpiles equal to three months’ worth of imports, is making changes to prevent a 20% increase in petrol prices for its residents.
Even though the conflict is hundreds of miles away, people across Asia have been informing the BBC about the actual, day-to-day effects it is having on their lives.
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