Asia ‘scraping the bottom of the barrel’ as Red Sea oil blockade worsens energy crisis
•Asian countries are facing a severe energy crisis due to the Houthi blockade on Saudi oil exports.
•Japan, South Korea, and the Philippines are heavily dependent on Middle Eastern oil, relying on it for up to 90% of their imports.
•The Bab al-Mandab strait blockade leaves the Suez Canal as the only major route for Gulf oil shipments.
المصدر: The Guardian World | Source: The Guardian WorldThe Houthi threat to Saudi oil exports comes as Japan, South Korea and the Philippines are still reeling from the closure of the strait of Hormuz
Governments in Asia are scrambling to avoid their second major energy crisis in six months, as another maritime chokepoint in the Middle East faces a violent blockade, leaving only the Suez canal completely open for the free movement of gulf oil.
Countries like Japan, the Philippines, Thailand and South Korea – which rely on Middle East oil for up to 90% of their imports – are working to secure supplies after Yemen’s Houthis launched a blockade of Saudi Arabian shipping passing through the Bab al-Mandab strait, which forms the southern entrance to the Red Sea.
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→Asian countries are facing a severe energy crisis due to the Houthi blockade on Saudi oil exports.
→Japan, South Korea, and the Philippines are heavily dependent on Middle Eastern oil, relying on it for up to 90% of their imports.
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