ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Energy

Asian oil importers on alert for ripples from tanker attacks

Gold price climbs to four-month high as investors seek safe haven assets

TOKYO/SEOUL -- Countries in Asia are paying close attention to risks related to the recent attacks near the Hormuz Strait on two oil tankers headed for Thailand and Singapore.

The Strait of Hormuz is the world's most important energy passageway for Asian economies, which are largely net importers of crude oil. Japan imports around 80% of its oil from the Middle East, while Indonesia has become a net importer of crude despite producing oil in its territory.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more