Asia Centric: Central Banks Face a $100 Oil Dilemma
The Iran war and the effective closure of the Strait of Hormuz have triggered one of the largest energy supply shocks in modern history, sending Brent crude surging past $100...
By Clara Chen · Bloomberg
The Iran war and the effective closure of the Strait of Hormuz have triggered one of the largest energy supply shocks in modern history, sending Brent crude surging past $100 a barrel. With nearly 80% of the trapped crude and LNG destined for Asia, the region is exceptionally vulnerable to these bottlenecks. But the crisis extends well beyond energy – crippled supplies of critical inputs such as helium, aluminum and fertilizers threaten a broader inflationary spike across regional manufacturing