News

War with Iran chokes flows of oil and natural gas, highlighting energy security risks for Asia

Oskaloosa Herald · last updated

BANGKOK (AP) — Global energy trade is in turmoil as war around the Persian Gulf chokes off oil and natural gas shipments, causing prices to soar.

Asia is the most exposed since it relies heavily on imported fuel, much of it shipped through the Strait of Hormuz, the narrow passageway that carries a fifth of global trade in crude oil and liquified natural gas, or LNG.

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