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The Japan Times
Asia’s energy-starved nations go dark as Hormuz tensions drag on
As tensions in the Strait of Hormuz persist, energy-starved nations in Asia are facing skyrocketing fuel prices that have led to economic hardship for consumers and small businesses. In Cambodia, for instance, local vendors are grappling with a steep rise in gasoline costs, which soared over 40% following U.S. military actions in Iran. Although prices have slightly decreased since a ceasefire, the persistent burden of inflated transport and operating costs continues to threaten both household budgets and business viability across the region.
MonitorConfidence: HighShort term horizonGeopolitical risk: High
Published 3 Aug 2026, 23:45 UTC1 min read
Visit original article ↗Lead image — The Japan Times
Summary
TL;DR
- Fuel costs increased by over 40% due to U.S. strikes on Iran.
- Small businesses are struggling, leading to layoffs and cutbacks.
- Cambodian families are facing increased economic pressure.
- Any return to hostilities could exacerbate the crisis.
- The situation raises concerns about long-term economic damage.
Interesting facts
- The Strait of Hormuz is a critical chokepoint for global oil supply.
- Cambodia's dependence on imported fuel makes it vulnerable to price fluctuations.
- Local businesses are adapting by reverting to cheaper energy sources like charcoal.