Asia

Carlyle's Jeff Currie warned that oil markets in Asia are at "tank bottoms" with Europe next and potential U.S. shortages by July. These supply constraints could drive energy costs higher across manufacturing sectors and affect global supply chain logistics.

A potential blockade of the Strait of Hormuz would severely disrupt global energy markets, with Asian countries facing the most acute impact. This critical shipping chokepoint handles roughly 20% of global oil transit, making any closure a major threat to energy security and economic stability.