Asia barters for scarce energy as Iran crisis throttles supplies
Airfind news item
By Lucy Craymer
Published on March 31, 2026.
Asia is seeing a flurry of fuel bartering efforts amid shortages caused by the Middle East conflict between Iran and the Philippines, Sri Lanka, and Myanmar. Indonesia's President Prabowo Subianto visited Tokyo this week in an attempt to counterbalance the shortages. The Middle East is a key source of regional energy supplies and Indonesia is expected to announce curbs in the coming days. Japan's oil and gas producer Inpex is reportedly considering a similar barter deal with India to swap LPG for naphtha ​and crude oil. Australia's position as a major energy producer and exporter could give it influence in talks with Asian partners for supplies of jet fuels. However, China has banned exports of refined fuel, including jet fuel, to safeguard its economy from energy disruption.
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