Asia ‘scraping the bottom of the barrel’ as Red Sea oil blockade worsens energy crisis | Asia Pacific
• The Houthi threat to Saudi oil exports is worsening the energy crisis in Asia. • Japan, South Korea, and the Philippines are already reeling from the closure of the Strait of Hormuz, exacerbating the issue. • The blockade is causing a significant shortage of oil, with Asia "scraping the bottom of the barrel" for energy sources.
theguardian.com