Red Sea blockade worsens Asia's energy crisis as oil supplies come under pressure
Governments across Asia are scrambling to secure oil supplies after Yemen's Houthis launched a blockade of Saudi Arabian shipping through the Bab al-Mandab strait. The move has added fresh pressure to an already strained regional energy market, with the Red Sea now facing another major disruption to maritime trade. The chokepoint sits at the southern entrance to the Red Sea and is a key route for oil moving from the Gulf toward Asia.The reported blockade comes as Japan, South Korea, the Philippines, Thailand and Indonesia remain heavily dependent on Middle East oil, with some countries relying on the region for... [Continue Reading]
360LiveNews | 28 Jul 2026 03:00 LONDON
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