Israel-Iran was was a wake-up call for Asia’s dependence on Middle East oil


JAKARTA, Indonesia (AP): Asia’s dependence on Middle East oil and gas - and its relatively slow shift to clean energy - make it vulnerable to disruptions in shipments through the Strait of Hormuz, a strategic weakness highlighted by the war between Israel and Iran.

Iran sits on the strait, which handles about 20% of shipments of the world’s oil and liquefied natural gas, or LNG. Four countries - China, India, Japan and South Korea - account for 75% of those imports.

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Asian , Countries , Oil Issues , Israel , Iran , War , Strait of Hormuz

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