Iran War Triggers Energy Crisis Impacting Everyday Life Across Asia

Wed Mar 25 2026 09:51:49 GMT+0000 (Coordinated Universal Time)

The ongoing conflict in Iran has led to skyrocketing energy prices and significant disruptions in daily life across Asia, with government responses highlighting the urgent need for conservation.

The war in Iran has prompted a fuel crisis that is reverberating throughout Asia, where over 90% of oil and gas passing through the Strait of Hormuz is destined. Countries are grappling with soaring fuel prices, pressured economies, and implementing emergency measures affecting employment and daily life. The Philippines has declared a national emergency, and other nations like Thailand and India are experiencing similar struggles as they face energy shortages and inflated costs.

Iran War Triggers Energy Crisis Impacting Everyday Life Across Asia

The effective closure of the Strait of Hormuz after the US and Israel began their war with Iran in late February has sent shockwaves across the globe.

Oil prices have soared and stock markets have wobbled as the world waits to see when Iran will allow the key waterway - through which about 20% of all oil passes - to reopen. Currently, only a handful of ships are managing to get through the strait each day, while attacks on energy infrastructure in the region have exacerbated price increases.

This crisis is particularly acute in Asia, where nearly 90% of oil and gas passing through the strait is bound for Asian countries, leading to significant strain on economies and daily life.

Governments have reacted swiftly, instituting measures such as reducing working weeks, declaring national holidays, and encouraging employees to work from home to conserve energy supplies. For example, China has halted fuel price hikes to ease the burden on drivers faced with 20% increases in fuel costs.

In the Philippines, a national emergency was declared, with jeepney drivers reporting significant drops in income. Fishermen and farmers are also struggling, as high fuel costs threaten their livelihoods and food supply chains.

As concerns mount, the issue becomes more urgent, highlighting the interconnectedness of global events and the far-reaching effects of conflicts in distant regions like the Middle East.

Regional Responses to the Crisis

Across Asia, the impacts of the fuel crisis have led to various local responses:

Philippines: A national emergency has been declared as energy prices soar, leading to widespread protests from affected citizens, including drivers whose wages have plummeted.
Thailand: Energy-saving initiatives include government employees working from home and public figures promoting energy conservation messages.
Sri Lanka: Having just recovered from a financial crisis, citizens now struggle to find fuel despite availability, leading to increased public holidays and rationing measures.
India: The food industry is facing disruptions as gas shortages shut down many businesses, with migrants facing uncertainty regarding their employment.

As the conflict continues and its implications remain uncertain, citizens across Asia brace for the hard impact of rising costs and less access to vital resources.