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Asian economies most vulnerable to impact of Middle east war on oil markets
More than 80% of the crude oil and liquefied natural gas (LNG) that passes through Strait of Hormuz heads to Asia. With the war in the Middle East giving no sign of slowing, many parts of Southeast Asia have suffered fue…
More than 80% of the crude oil and liquefied natural gas (LNG) that passes through Strait of Hormuz heads to Asia. With the war in the Middle East giving no sign of slowing, many parts of Southeast Asia have suffered fuel supply difficulties.
Key takeaways
Quick scan — what you need to know:
- More than 80% of the crude oil and liquefied natural gas (LNG) that passes through Strait of Hormuz heads to Asia.
- With the war in the Middle East giving no sign of slowing, many parts of Southeast Asia have suffered fuel supply difficulties.
- Now, policymakers in the Asia-Pacific region are facing their toughest test since the COVID-19 pandemic.
- FRANCE 24's Rochelle Ferguson Bouyahi takes a closer look.
Background
What led here, in plain terms:
- More than 80% of the crude oil and liquefied natural gas (LNG) that passes through Strait of Hormuz heads to Asia.
- With the war in the Middle East giving no sign of slowing, many parts of Southeast Asia have suffered fuel supply difficulties.
- Now, policymakers in the Asia-Pacific region are facing their toughest test since the COVID-19 pandemic.
- FRANCE 24's Rochelle Ferguson Bouyahi takes a closer look.
Why it matters
Why readers and decision-makers should care:
- More than 80% of the crude oil and liquefied natural gas (LNG) that passes through Strait of Hormuz heads to Asia.
- With the war in the Middle East giving no sign of slowing, many parts of Southeast Asia have suffered fuel supply difficulties.
- Now, policymakers in the Asia-Pacific region are facing their toughest test since the COVID-19 pandemic.