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Datawatch

Hormuz crisis threatens Asian imports beyond energy

US-Iran tensions endanger shipments of aluminum and chemicals

The Strait of Hormuz is a key marine transportation route.

TOKYO -- Tensions between Iran and the U.S. in the Strait of Hormuz are threatening to spill over beyond energy fields to materials such as aluminum and chemicals, with broad implications for countries reliant on the region.

That is because Middle East countries have been steadily reducing their dependence on petroleum in the face of shale oil development in the U.S. and weak crude oil prices.

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