Asian oil reserves under spotlight as Middle East conflict raises supply fears

2026-03-04 - 08:03

BANGKOK — Escalating conflict in the Middle East has sparked global concern over oil supply security, particularly over the safety of the Strait of Hormuz, a key maritime chokepoint for energy shipments. In 2025, about 13.4 million barrels of crude oil per day passed through the Strait of Hormuz, accounting for roughly 30% of global seaborne oil trade. More than 80% of that volume was destined for Asian countries, underscoring the region’s heavy reliance on the route. Data compiled by Khaosod English show significant differences in oil reserve coverage across Asia. Japan holds reserves equivalent to 254 days of consumption, followed by South Korea with 208 days and China with 200 days. India has 74 days of reserves, while Thailand holds 61 days and the Philippines 60 days. Vietnam has 15 days of reserves, while no official data were available for Cambodia. Prime Minister Anutin Charnvirakul said Thailand has sufficient oil supplies and does not rely solely on imports from the Middle East, seeking to reassure the public amid volatility in global energy markets.