Asian economies scramble to find solutions to war's impact on oil markets
Iran continues to cut off the strait of Hormuz as it retaliates for the US and Israel's campaign against the Islamic Republic. The strategy has been effective as it piles pressure on the United States to the end the war, with global energy prices continuing to soar. Over 80% of oil and gas typically passing through the Strait of Hormuz heads for Asia.
Iran continues to cut off the strait of Hormuz as it retaliates for the US and Israel's campaign against the Islamic Republic. The strategy has been effective as it piles pressure on the United States to the end the war, with global energy prices continuing to soar. Over 80% of oil and gas typically passing through the Strait of Hormuz heads for Asia.
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