Tensions between the U.S. and Iran are sending shockwaves through Asia’s energy markets, as countries reliant on oil imports face soaring costs and disrupted supply chains. With Houthi threats forcing tankers to reroute via the Suez Canal — adding days and dollars to every shipment — India’s import bill surged over 60% in just three months. Meanwhile, the U.S. escalates its military campaign against Iran, with its 11th strike this week, casting doubt on any diplomatic breakthrough. The fallout? Higher prices, longer routes, and a volatile energy future that could ripple for decades.
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