Strait Closure Spurs Asian Energy Crisis: Fuel Rationing, Coal Expansion

The US-Israeli war on Iran triggered a regional energy crisis in Asia.

“Oil briefly falls below $100 and shares jump on Trump Iran war pledge Oil prices briefly fell below $100 a barrel and shares opened higher in Europe on Wednesday after President Donald Trump said the US will leave Iran in "two to three weeks" regardless of whether a deal is struck with Tehran”

BBC

Fuel rationing became pervasive as resourcefulness and organization helped prevent panic.

BBC

South Korea declared a National Energy Emergency and urged energy conservation.

India and Bangladesh increased coal-fired power generation.

Iran's airspace closure forced rerouting of flights between Europe and Asia.

Alternative northern and southern corridors were used, causing heavy congestion.

leparisien.fr

Travel times increased by 30 to 90 minutes or more.

Oil briefly fell below $100 after Trump said the US will leave Iran in two to three weeks.

“US gas prices cross $4/gallon for first time since 2022; Iran war drives global spike According to the American Automobile Association (AAA), the national average price for regular gasoline stood at $4”

The Times of India

Asian shares reacted positively with Japan's Nikkei up 5.2%.

QatarEnergy confirmed a fuel oil tanker had been the subject of a missile attack.

Governments across Asia increased coal-fired power production.

South Korea delayed closure of coal plants; the Philippines increased coal generation.

تابناک

Climate analysts warned the crisis should be a wake-up call for renewables.