The disruption of the Strait of Hormuz since late February 2026 has caused the largest oil supply shock on record, with ongoing daily shortfalls in the multi-million-barrel range. This energy supply shock has exposed the structural vulnerabilities of the Asia-Pacific region, the world's largest energy-consuming area. 

The APEC Energy Ministerial Meeting, returning to Beijing after a 12-year hiatus, takes place at a critical juncture following this "stress test."