Ship traffic through the Strait of Hormuz is falling sharply as vessels avoid the Gulf following U.S.–Israel strikes on Iran, pushing oil prices to a 19-month high on fears of supply disruptions.
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Asia’s top economies are most vulnerable to any disruption at the Strait of Hormuz
Over a quarter of global seaborne oil flows through the Strait of Hormuz—making Asia’s top economies especially vulnerable to any disruption.