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From the perspective of the global oil economy, there are few places as strategically important as the Strait of Hormuz.
China is highly unlikely to use its navy to secure the vital Strait of Hormuz if Iran threatens to close it as Middle East tensions rise, a top US analyst told reporters Monday.
The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard.
Around 84 per cent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, ...
Iran has control over the shipping chokepoint that handles much of China’s imported oil, and Beijing will get daily updates ...
India, China, South Korea and Japan could be among the Asian countries facing pain at the pump if Iran decides to close the ...
Energy expert Gabriella Hoffman argues Iran's retaliatory actions to U.S. strikes will backfire against its allies and ...
China’s Foreign Ministry called for greater efforts to maintain stability in the critical shipping lanes of the Persian Gulf, ...