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
