Energy disruptions from the ongoing conflict in Iran are poised to exert further pressure on Asia, a region heavily reliant on Middle Eastern crude oil and natural gas. Despite a recent decline in Brent and WTI crude oil prices, global inventories are nearing their lowest levels in nearly eight years. Goldman Sachs projects that by the end of May, global crude oil inventories could dwindle to just 98 days of demand, while JPMorgan highlights that only about 800 million barrels of the 8.4 billion barrels in global inventory are readily accessible. Asia, with its high industrial and electricity demand, faces dual challenges of inflation and currency depreciation. Rising energy prices are expected to increase costs for food and transportation, squeezing household spending and fiscal space. Some Asian countries have already begun reducing energy consumption, with measures such as the Philippines adopting a four-day workweek and India urging reduced overseas travel. Analysts warn that if the Strait of Hormuz remains closed through June, oil prices could exceed $150 per barrel, exacerbating economic pressures in the region.