The region is heavily reliant on Gulf oil and gas that normally flows through the Strait of Hormuz, where shipping has been reduced to a trickle by Iranian attacks and a US naval blockade.Asian countries quickly imposed fuel conservation measures as oil and gas prices surged, ranging from price caps to alternate driving days and work-from-home mandates for civil servants.
In the months since, Asia has begun seeking a more permanent solution to the biggest energy disruption in history – keeping the oil and gas it needs much closer to home.