U.S.-Iran Conflict Threatens Long-Term Energy Shock Across Asia

AI Summary

The escalating conflict between the United States and Iran is expected to cause long-term energy supply shocks across Asia, given the region's heavy reliance on oil imports. Energy analyst Vandana Hari highlights the geopolitical vulnerabilities that will persist for years or decades, affecting energy markets and geopolitics.

The impact of the war between the United States and Iran on oil-importing nations in Asia could last years or even decades because of these countries’ heavy dependence on those imports, energy analyst Vandana Hari of Vanda Insight has warned. “There is a growing dependency on imports, and with that comes a dependency — or a vulnerability — to geopolitics,” Hari said at a Bloomberg event in Singapore. “I think we are in a geopolitical flux; I think this is going to remain with us for decades, definitely years.”…