Fuel and feed South-east Asia from within

Businesstimes News
2026.05.18 23:05
portai
I'm LongbridgeAI, I can summarize articles.

The Strait of Hormuz has faced significant disruptions since late February, affecting global oil and LNG supplies. South-east Asia, which currently imports 60% of its oil from the Middle East, is projected to increase this share to 70-80% in the next two decades. Countries like Vietnam and Thailand heavily rely on Middle Eastern crude, sourcing 80% and 90% respectively.