Cost of the Hormuz crisis in Selected Asian Countries So Far (annualised cost):
1 Thailand: $11b, 2.2% of GDP
>$6.5b import bill rise
2 South Korea: $36b, 2% of GDP
>$38b import bill rise
3 Japan: $77.4b, 1.8% of GDP
>$42b import bill rise
4 Singapore: $8b, 1.6% of GDP
>$4.5b import bill rise
5 Philippines: $6.16b, 1.4% of GDP
>$4b import bill rise
6 Indonesia: $8.4b, 0.6% of GDP
>$4.5b import bill rise
7 Malaysia: $1.76b, 0.4% of GDP
>$1.5b import bill rise
True sovereignty is impossible in a fossil-fuel-dependent economy. Meanwhile, the price of wind and solar fuel is zero and neither solar nor wind can be blockaded or tariffed: Renewables ARE national security
[Methodology integrates 3 variables:
>Net Import Reliance: Total share of oil and gas demand met by imports
>Proportion of imports passing directly through the Strait of Hormuz vs. alternate routes
>Fiscal Subsidy Exposure: Burden placed on national budgets to shield consumers from soaring fuel prices, which creates severe structural distortion even in resource-rich nations such as Malaysia]