Southeast Asia Implements Office Closures and Travel Restrictions Amid Deepening Oil Crisis

Governments and businesses in Southeast Asia are taking measures to prevent energy shortages as the Strait of Hormuz remains closed due to the US-Israeli conflict with Iran. Countries like the Philippines, Thailand, and Vietnam are implementing strategies such as a four-day work week, working from home, and fuel price caps to manage the supply situation. Despite holding significant fossil fuel reserves, Southeast Asia heavily relies on imported oil and gas, with countries like China, India, Japan, and South Korea being major recipients. The region’s limited energy reserves are facing strain, with countries like Vietnam seeking non-Middle Eastern crude oil sources to avoid fuel shortages.

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