Iran War Analysis How 60 Nations Have Responded to the Global Energy Crisis

The Iran war and blockade of the Strait of Hormuz directly affect global oil and LNG supply, causing a severe supply shortage. The channel is supply_shortage via a critical chokepoint. Impact is global, but especially acute in Asia (heavy reliance on Middle Eastern fossil fuels). Winners: alternative energy producers, LNG exporters outside the region. Losers: net oil importers, Asian refiners, shipping lines dependent on the Strait. The mechanism is input cost increase for all oil/LNG consumers, margin squeeze for refiners and petrochemical producers, and potential demand destruction via rationing.