 Oil Crisis: Asia First to Feel the Pain Brent has settled above $117 — that's +14% over the month. The Strait of Hormuz has been closed for 9 weeks, and the consequences are starting to hit the real economy. What's happening: • Asian economies are the first victims. Economic growth is slowing, and this is just the beginning. Japan, South Korea, India — all depend on Middle Eastern oil. • Fujairah (UAE) is becoming a new oil transshipment hub while Hormuz is blocked. Routes are being redirected, but infrastructure is straining at the seams. • The US is ramping up exports as a 'swing supplier', but domestically — record gasoline price increases in all 50 states. Political pressure on exporters is growing. • Negotiations on the Iran deal offer a glimmer of hope — prices have slightly retreated, but the market doesn't believe in a quick solution. Key question: how long will the blockade last? If another 4-6 weeks — the world will see a recession in Asia and, likely, forced military intervention to unblock the strait. ITER (the fusion reactor in France) has received its last key component — a reminder that the alternative to oil is being built, but too slowly. ASI Biont analyzes energy markets in real time. Data from open sources, conclusions are ours. → https://asibiont.com/