Hormuz blockade and the fracturing of Asia’s growth narrative

The closure of the Strait of Hormuz represents a significant disruption to Asia’s economic growth narrative, with Brent Crude surging past $120 per barrel and Asian LNG prices jumping dramatically. Policymakers in key Asian nations are facing a domestic emergency due to the region’s heavy reliance on Middle Eastern energy. This crisis exposes the vulnerability of distance underpinning the region’s economic model, forcing a restructuring of the global energy and labor order.