Disruptions to #energyshipments through the Strait of Hormuz are creating significant risks for #China and other #Asianeconomies, as escalating geopolitical tensions in the region severely impact global supply routes. Recent developments following escalating conflict involving Iran have led to a sharp decline in maritime traffic through the strategic waterway. Data indicates that between March 1 and March 24, only 149 vessels passed through the Strait, marking a 95% drop in traffic compared to pre-conflict levels. Security concerns and uncertainty have forced many tankers to reroute, disrupting energy shipments. The Strait of Hormuz is one of the world’s most critical energy corridors, handling roughly: 25% of global oil trade 20% of liquefied #naturalgas (LNG) trade 30% of global fertilizer shipments The disruption poses a serious challenge for Asian economies that rely heavily on energy imports from the Gulf region. China and India import nearly half of their oil and gas from the...