Iran conflict disrupts oil supply to Asian countries dependent on Middle East
Airfind news item
By Yuka Obayashi
Published on March 2, 2026.
The Iranian conflict is disrupting oil flows to several Asian countries, as vessels are bottled up within the Middle East Gulf and crude and transport costs are rising. The disruptions highlight risks to Asia, the world's largest oil consuming region, which sources 60% of its oil from Middle Eastern producers. An extended disruption of the Strait of Hormuz could cause supply shortages to China and India, leading to oil prices higher and potentially forcing countries to tap stockpiles and reduce refinery operations. The International Energy Agency requires members to hold oil stocks equivalent to at least 90 days of net oil imports. Indonesia's state-owned energy company Pertamina is implementing risk mitigation measures to ensure fuel and liquefied petroleum gas supply. The loss of LNG supply from Qatar, Oman and the United Arab Emirates would impact Asian buyers, particularly Pakistan, India and Bangladesh.
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