Strait of Hormuz Closure and Red Sea Attacks Continue to Disrupt Asian Energy Trade

The Strait of Hormuz remains closed due to an ongoing conflict between the United States and Iran, effectively shutting in approximately one-fifth of the world's monthly LNG supply. Concurrently, Houthi attacks in the Red Sea continue, with a recent strike on Saudi oil installations on July 26, 2026, further exacerbating shipping risks for Asia-bound energy cargoes.