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Asia seeks more US energy amid Iran conflict disrupting Middle East oil supplies

Market News
23 Mar 2026
CNBC
View Source
Bullish
pluang ai news

Asian countries like Japan, South Korea, and Taiwan are increasing their demand for US oil and gas to reduce reliance on Middle East exports, which are threatened by Iran's attacks on shipping routes through the Strait of Hormuz. The US, as the world's largest oil and gas producer, offers a stable alternative supply, with Alaska playing a key role due to its proximity and secure transit routes. This shift is part of a broader US strategy to provide allies with energy security amid geopolitical tensions affecting global oil and LNG supplies.

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