economy
A war thousands of miles away is emptying gas tanks in Asia
Every day, Shakil Khan weaves his bike through the relentless traffic of Dhaka, delivering items and ferrying passengers across the city. However, these days he’s waiting hours in long queues at gas pumps to fill his bike within a government cap on fuel purchases.
TL;DR
- Global military actions are causing worldwide oil and gas shortages.
- Bangladesh faces reduced incomes and long fuel queues due to shortages.
- The Strait of Hormuz is experiencing disruptions impacting global energy supplies.
- Asian countries reliant on fuel imports are implementing new policies.
- The International Energy Agency agreed to release 400 million barrels of oil from emergency stockpiles.
- South Asia is particularly vulnerable due to heavy reliance on Middle Eastern oil and gas imports.
- India has ordered refineries to boost LPG output and invoked emergency powers to divert fuel.
- Pakistan has announced extreme austerity measures, including school closures and work-from-home policies.
- South Korea has imposed its first fuel price cap in almost 30 years.
- Thailand and the Philippines are implementing energy-saving measures for government workers and citizens.