Executive summary Middle Eastern crude exports have partly recovered from severe disruption starting from Q1 2026. However, shipping insecurity, increased freight costs and damaged refining capacity continue to affect the price and reliability of energy delivered to businesses in Asia. The US Energy Information Administration (EIA) forecasts Brent crude at $105/bbl in Q4 2026, $14 … More Beyond Brent: How Hormuz Disruption is Changing Asia’s Corporate Risk Outlook