Asia Implements Emergency Measures to Manage Oil Crisis
Asian nations are releasing oil reserves and rationing fuel to counter supply disruptions. Governments are also seeking new energy sources to stabilize prices.
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Global energy markets are facing severe volatility as oil prices surge and stock indices retreat following the escalation of conflict involving the United States and Israel against Iran. The strategic Strait of Hormuz has remained effectively closed since late February, creating a critical supply squeeze for Asian nations that rely heavily on Gulf oil imports.
