South Asia's Energy Crisis: Now With Fewer Universities and More Cremation Wood
KEY POINTS
- •In early March 2026, Bangladesh closed both public and private universities to conserve power amid the Iran war-induced energy crisis.
- •South Korea imposed gas price caps for the first time in nearly 30 years, while Thailand encouraged state agencies to work from home.
- •India faced LPG shortages triggering hoarding and hotel closures, with Pune crematoriums temporarily banning gas-based cremations.
Brace yourselves: thanks to Iran's Strait of Hormuz theater shutting down 20% of global oil exports, South Asia's gone full apocalypse mode by mid-March 2026. Bangladesh said 'Bye, Felicia!' to universities early, while South Korea capped gas prices for the first time in 30 years — because nothing says energy crisis like retro price controls. Thailand told offices to WFH to 'save fuel' (finally, a reason to keep those pajama meetings). The Philippines moonwalking into a four-day workweek, and Pakistan playing shutdown bingo with schools, offices, and gas prices. India is hoarding LPG cylinders like it's Pokémon cards — whole hotels in Mumbai boarded up, crematoriums in Pune switching to wood or electricity, turning funerals into BYOB events. Japan uncorked its largest oil reserve ever, capping prices like a boss. Meanwhile, China’s chilling with coal and stockpiles, laughing behind those Great Wall shadows. As Philippines President Marcos Jr. lamented, 'We are victims of a war not of our choosing,' but honestly, thanks to global trade routes and geopolitics, everyone's main victim is their electricity bill.
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(1 of 3)Source: Axios | Published: 3/17/2026 | Author: Emily Peck