BusinessPhoto: Firstpost BusinessWest Asia Energy Shock Doubles Asia's Fuel Costs Amid Supply Disruptions
The West Asia energy shock has more than doubled fuel costs across Asia, extending beyond crude oil to refining and shipping disruptions, according to BlackRock. Initial supply buffers like rerouted shipments and reserves helped, but recent attacks on energy infrastructure and shipping routes in the Gulf have strained these safeguards. Brent crude prices peaked at $117 per barrel in October before easing to $110.18. Refining company shares rose 160%, and tanker operators gained 120% this year.
Firstpost Business·




