Governments Launch Emergency Plans to Curb Oil Price Impact

South Korea and Japan are preparing fuel price caps and oil reserve releases. Vietnam and Bangladesh have also introduced measures to conserve energy supplies.

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Global energy markets are facing significant volatility as prices for Brent Crude Oil surge following an escalation in the conflict involving the United States, Israel, and Iran. The threat of supply disruptions has prompted governments across Asia to implement emergency measures to protect their economies and ensure energy security.

An illustration featuring a 3D printed oil pipeline positioned in front of a map detailing the Strait of Hormuz and Iran, captured on June 22, 2025. REUTERS/Dado Ruvic/Illustration
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