Asia's Largest Oil Buyers Face Shortages Due to Hormuz Blockade
Asia's largest oil buyers, particularly China and India, are running out of alternatives to the blocked Strait of Hormuz, increasing their vulnerability to energy shocks. India, in particular, is struggling with shortages of liquefied petroleum gas and is relying on Russian oil shipments, though available floating supplies are dwindling. The situation is exacerbated by a US blockade and limited stockpiles.
Topics: China geopolitical tensions Hormuz Strait India oil supply Russia