Energy chokepoints

Asia’s energy dependence on the Middle East, combined with its combustible politics, calls for urgent attention to the fallout from an outbreak of conflict. If the Strait of Hormuz, a critical chokepoint between Oman and Iran, is compromised, Asian economies could be knocked onto their knees. 

Recently the Suez Canal, another global chokepoint, has been blocked by a grounded container ship and could disrupt worldwide shipments for days. A blockage in the Strait of Hormuz, which accounts for c.30% of global seaborne oil trade and has frequently experienced disputes, threats and attacks, would have ramifications far more devastating.

To learn more, read the articles

• Why Asia musn’t forget the Middle East ‘grey rhino’  in The Straits Times (Singapore) by AWR Lloyd CEO Alex Wood and MetisAsia Founding Partner Sam Olsen
• Blockage of shipping lines in the Suez Canal and ramifications for the Strait of Hormuz in The Economic Times (India) by AWR Lloyd MD Rajat Kapoor

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please contact Rajat Kapoor, Managing Director of Oil & Gas