LeadStory

France 24

Asian economies scramble to find solutions to war's impact on oil

France 24 · Less Recent
France 24
France 24
Less Recent

Iran's strategy to cut off the Strait of Hormuz has been effective as it piles pressure on the U.S. to the end the war. Over 80% of oil and gas typically passing through the Strait of Hormuz heads for Asia.

Breakdown
  • Australia halves fuel taxes for three months to ease pressure. 6s
  • South Korea launches energy-saving campaign for the public. 32s
  • Over 80% of oil via Strait of Hormuz is for Asia; closure prompts direct talks. 52s
  • India and Thailand secure safe passage for oil tankers. 1m 3s
  • Iran warns oil could reach $200 a barrel, fueling global concerns. 1m 43s
TransportEconomyMilitary & Conflict