The Age
·general
·3 hours ago
This oil shock will hit Asia harder than the 1970s
An energy crisis is hitting Asia harder than the 1970s oil shocks, as over 80 percent of oil and gas through the Strait of Hormuz flows east to import-dependent nations. Vietnam, Malaysia, and Indonesia have become net energy importers, driving up consumer prices for food and travel.
Summary by Glance · The Age
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