Scramble in Asia over jet fuel shows how bad things could get if Iran war continues
- Alexandra StevensonAaron KrolikTung NgoVictoria Kim
- New York TimesUpdated: Mar 20, 2026, 18:21 IST IST
Hong Kong: Three weeks into a war in the Middle East that is roiling energy markets, Asia is confronting one of the first major consequences of an oil shortage, as jet fuel prices surge to record levels and governments scramble to keep flights running.
Airlines have cancelled thousands of flights, stranding tens of thousands of passengers. Major regional energy suppliers, including China, South Korea and Thailand, are restricting exports, while import-dependent countries such as Vietnam are forced to ration and call on others for help.
Airlines have cancelled thousands of flights, stranding tens of thousands of passengers. Major regional energy suppliers, including China, South Korea and Thailand, are restricting exports, while import-dependent countries such as Vietnam are forced to ration and call on others for help.