Asian energy markets are anticipating a significant oil and gas shortage due to the closure of the Strait of Hormuz, as reported to the Energy Security and Net Zero (ESNZ) Committee. Equinor, a major energy supplier, confirmed that some of its vessels are affected by the disruption. While current supplies to Asia remain stable due to transit times, a future "big drought" is foreseen, with no clear indication of when the strait will reopen. Experts describe the situation as the "worst supply shock" in crude oil history, noting that Asian refiners are struggling to secure supply and are facing higher prices, impacting their earnings negatively compared to their European counterparts.