Singapore, 27 April 2026 – Asia’s latest energy shock has exposed a hard truth for the region, energy security cannot continue to depend on imported fossil fuels, fragile shipping routes and short-term crisis management.
The disruption around the Strait of Hormuz has once again highlighted Asia’s vulnerability to external energy risks, particularly for economies that rely heavily on imported oil and gas. The waterway remains one of the world’s most important maritime chokepoints, carrying around a quarter of global seaborne oil trade, along with significant volumes of liquefied natural gas and fertilisers, according to UNCTAD.
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