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2026-04-06 11:48:35
[Iranian War Oil Shock Spreads to Asia, Europe and Africa Face Similar Dilemmas] (1) According to the Wall Street Journal, the oil shock triggered by the Iranian war has spread to Asia, with local factories reducing production to conserve energy and some gas stations limiting refueling. Economists say this foreshadows similar dilemmas for European and African countries that also rely on Middle Eastern imports. (2) Data from Oxford Economics shows that the global oil supply gap reached 10% after Iran blocked the Strait of Hormuz. Asia, due to its geographical proximity to the Gulf and low domestic energy reserves, was the first to suffer severe energy constraints; only a few countries, such as Japan and South Korea, hold large-scale buffer stocks. (3) Trump said that the US military operation may gradually end in about three weeks, but the end of the war does not mean that the Strait will reopen immediately. Shipping delays and facility damage will further drag down the supply. Europe and Africa face extremely high risks, while the United States, as a net energy exporter, is less likely to experience a shortage.
