The U.S.-Iran conflict could have long-lasting effects on oil-importing nations in Asia due to their heavy reliance on these imports. Energy analyst Vandana Hari warned that this conflict could persist for years or even decades.
Asian countries primarily import oil from the Middle East, which is more economical, but they are now in a bind as the U.S. and Iran are at war, with the Strait of Hormuz shut down.
The Houthi forces have announced plans to blockade the Bab el-Mandeb Strait, which could lead to rising oil prices.
This situation, according to Hari, indicates that Asian countries need to prepare for a long-term energy shock.
