This neurological disorder has come into the spotlight again after an incident at the 2026 Bafta ceremony.
Israel-US attack on Iran will affect energy prices, impact countries far away like Singapore, says Senior Minister Lee A map showing the Strait of Hormuz and Iran is seen behind a 3D printed oil pipeline in this art image.
-- REUTERS Illustration SEOUL/NEW DELHI : Asian governments and refiners rushed to assess oil stockpiles as well as alternative shipping routes and supplies as the Iran conflict disrupted shipping in the crucial Strait of Hormuz, with oil prices expected to rise when trading resumes on Monday. Asia will feel the biggest impact from any disruption in Middle East oil supply as it buys two-thirds of its crude from the Gulf, with half of top global importer China's supply and 90% of Japan's coming from the region. The Strait of Hormuz is the narrow waterway between Iran and Oman connecting the Gulf to the Arabian Sea and on a typical day tankers carrying the equivalent of 20% of global oil consumption pass through it with cargoes from producers such as Saudi Arabia, Iraq, Iran, the United Arab Emirates, Kuwait and Qatar. Japanese shipping firms said they are halting operations around the Strait of Hormuz, although Chief Cabinet Secretary Minoru Kihara said Tokyo had not received any reports of an immediate impact on supply for Japan. However, Indian state refiners have already started scouting for alternative supplies, two refining officials said, declining to be identified. India, the world's No.2 oil importer, has been increasing imports from the Middle East to replace Russian crude. "Our team is already engaged with other suppliers," one of the officials said, adding that Indian state refiners have reserves of 20 days of crude and liquefied petroleum gas, which is sufficient if the situation eases in coming days. June Goh, senior analyst at Sparta Commodities, said oil prices would likely trade higher, with the impact tempered by an expected increase in production from the OPEC+ producers group."The industry is currently grappling with a slowdown in shipping activity via the Strait of Hormuz due to insurability, not an outright blockade," she said. Several tanker owners, oil majors and trading houses have suspended crude, fuel and liquefied natural gas shipments via the Strait.The South Korean government will offer petroleum from its stockpiles to local industries if any supply disruptions are prolonged, the industry ministry said in a statement on Sunday following an emergency meeting. An official from a local refiner said South Korea's oil stockpiles held jointly with state-run Korean National Oil Corp can last seven months."But if the Strait of Hormuz is closed ... we will seek spot supplies in Asia. We need to see which countries release such spot supplies then," he said. South Korean refiners HD Hyundai Oilbank and GS Caltex said they are monitoring the situation. Hyundai Oilbank said it has yet to halt oil loadings in the Middle East. China has bulked up its crude stockpiles in recent months, with imports hitting a record in December. In Taiwan, oil and liquefied natural gas suppliers are proceeding with shipments as scheduled, the economy ministry said, adding that the portion of oil and gas imports from the Middle East has been decreasing annually. -- ReutersMerz’s China tightrope: Warm words, but hard questions for BeijingMalaysia Airlines suspends more flights to and from Doha, Jeddah, Madinah until March 4
Strait Of Hormuz Alternative Supplies Oil Stockpiles Shipping Routes Asia Middle East Oil Supply OPEC+ Insurability Petroleum Stockpiles
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