Roughly one-fifth of the world's oil normally flows through the Strait of Hormuz, where shipping has been throttled by Iran since its war with the US.
Iran War, Oil Crisis Has 'Enormous Impact' In Asia-pacific: Japan PM
Roughly one-fifth of the world's oil normally flows through the Strait of Hormuz, where shipping has been throttled by Iran since its war with the US.
Published: 4 May 2026
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