India, March 11 -- Asia is the most exposed region to the latest disruption in the Strait of Hormuz, according to a new UNCTAD report.

Around 84% of crude oil and 83% of liquefied natural gas shipped through the strategic waterway is destined for Asian economies.

Vessel traffic through the strait has collapsed from an average of 129 ships to just four since conflict escalated in the Middle East.

The disruption is also threatening global fertiliser and chemical supply chains, raising fears of higher food prices and economic pressure in developing nations.

The latest flashpoint in the Strait of Hormuz has once again exposed the fragility of the global energy system, with consequences being felt across the globe. Asian countries are bear...