Country monitor
A country view of route dependence, reserve cover, and downstream transmission.
Each country profile uses the same component system: headline exposure, structural buffers, agricultural sensitivity, industrial-gas risk, and related commodities.
| Country | Hormuz exposure | Oil stock cover | Fertilizer | Helium | Risk |
|---|---|---|---|---|---|
China East Asia | 44% | 66 days | 39/100 | 42/100 | Elevated |
India South Asia | 63% | 52 days | 84/100 | 46/100 | High |
Japan East Asia | 87% | 179 days | 36/100 | 58/100 | Elevated |
South Korea East Asia | 71% | 90 days | 34/100 | 72/100 | High |
Singapore Southeast Asia | 49% | 42 days | 28/100 | 41/100 | Elevated |
European Union Europe | 17% | 98 days | 52/100 | 51/100 | Guarded |
United States North America | 8% | 112 days | 33/100 | 37/100 | Low |
China
East Asia
Hormuz
44%
Stock cover
66d
Fertilizer
39/100
Helium
42/100
India
South Asia
Hormuz
63%
Stock cover
52d
Fertilizer
84/100
Helium
46/100
Japan
East Asia
Hormuz
87%
Stock cover
179d
Fertilizer
36/100
Helium
58/100
South Korea
East Asia
Hormuz
71%
Stock cover
90d
Fertilizer
34/100
Helium
72/100
Singapore
Southeast Asia
Hormuz
49%
Stock cover
42d
Fertilizer
28/100
Helium
41/100
European Union
Europe
Hormuz
17%
Stock cover
98d
Fertilizer
52/100
Helium
51/100
United States
North America
Hormuz
8%
Stock cover
112d
Fertilizer
33/100
Helium
37/100
East Asia
China
China’s direct Hormuz crude intake remains significant, but state buffers and diversified long-haul procurement reduce immediate panic risk.
South Asia
India
India carries one of the highest combined energy and fertilizer sensitivities, with procurement pressure most acute in urea and LNG-linked feedstocks.
East Asia
Japan
Japan’s route dependence remains extremely high, though strategic stocks materially dampen the first-order supply shock.
East Asia
South Korea
South Korea’s industrial base creates outsized helium and petrochemical sensitivity even where reserve cover is stronger than spot markets imply.
Southeast Asia
Singapore
Singapore’s refining and trading role creates market-sensitive exposure even when direct end-use vulnerability is lower than regional peers.
Europe
European Union
The EU’s direct Hormuz exposure is modest, but fertilizer input prices and industrial gas procurement remain important transmission channels.
North America
United States
The United States is better insulated on direct physical supply, but price spillovers into global refined products and fertilizers still register quickly.