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Economy News

The Economic Times

Economy / The Economic Times

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From farms to refineries, Asia is starting to feel the fuel supply strain

Energy buyers across import-dependent Asia are facing mounting pressure as the US-Israel conflict with Iran disrupts oil and gas supply routes and nearly halts traffic through the Strait of Hormuz. While global oil prices have risen but remain below past crisis peaks, the impact on the ground is already visible.

7 Mar 2026 8:33 am