The US-Israeli war with Iran and the closure of the Strait of Hormuz are triggering a massive oil and gas supply disruption, hitting crude, natural gas, and refined fuels at once. The reported daily output lost is being described as unprecedented, surpassing earlier major shocks and raising concerns about rapid price and availability swings worldwide.
Asian countries dependent on imported oil are scrambling as major suppliers impose export restrictions, triggering jet fuel rationing and urgent appeals for international assistance. The immediate impact on air travel underscores a broader vulnerability: when energy flows tighten, trade and daily economic activity can quickly ripple across borders, exposing how fragile current supply chains remain.
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