Asia's Reliance on Middle Eastern Oil Laid Bare by Iran Attacks
Oil buyers and traders across Asia are watching the escalation of a conflict around Iran with bated breath, as the top importing region braces for the impact of any disruption of exports from the Persian Gulf.
Asia buys more than four-fifths of all the crude produced in the Middle East, and 90% of that goes through the Strait of Hormuz, according to data from Kpler SAS.
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