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The Asia-Pacific’s New Oil Order

In response to Iran’s partial closure of the Strait of Hormuz, the United States has begun implementing a counter-blockade—leveraging naval patrols, sanctions enforcement, and selective interdictions to constrain Iranian oil exports and raise the costs of Tehran’s strategy. Rather than restoring stability, however, this tit-for-tat dynamic is ...
Non-Resident Fellow for the Asia-Pacific
The China-Global South Project
The Asia-Pacific’s New Oil Order
A pedestrian reads a sign at a petrol station in Tacloban City, Leyte province, central Philippines on March 30, 2026. Photo by MARLON TANO / AFP
In response to Iran’s partial closure of the Strait of Hormuz, the United States has begun implementing a counter-blockade—leveraging naval patrols, sanctions enforcement, and selective interdictions to constrain Iranian oil exports and raise the costs of Tehran’s strategy. Rather than restoring stability, however, this tit-for-tat dynamic is accelerating fragmentation in global ...
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