Southeast Asia braces for oil disruption

And the war is pushing countries into energy triage. Governments are trying to

energy triage. Governments are trying to conserve power and curb prices, especially in Asia, where they rely heavily on fuel shipped through the now blocked straight of Hormuz. Foreign

correspondent Brick Klenn has more on that part of the story. Diane, Southeast

Asia is bracing for what is panning out to be one of the largest ever disruptions to global oil supply as this war in the Middle East drives up costs with governments across this region

doing what they can to conserve energy, including banning fuel exports, reducing consumption of it. At the measures in Asia, ranging from fuel caps and price stabilization measures to asking

citizens to conserve air conditioning in Thailand, and to work from home in Vietnam. Now, Asia, as we know, is very

Vietnam. Now, Asia, as we know, is very vulnerable to any rally of crude oil prices because it's made up of so many economies that do rely on factory

production and exporting products around the world. So, what we're seeing here is

the world. So, what we're seeing here is an unfolding energy crunch with countries unable to import their regular supply of crude and natural gas from their major suppliers in the Middle

East, which have suspended operations with their tankers unable to safely sail through the straight of hummus. The

price volatility of oil then might lead to a high higher inflation. Also, it

will further the strain on supply chains and may ultimately weaken the global economy. Diane, Rick, Clintet.

economy. Diane, Rick, Clintet.