TOKYO -- Asia's dependence on oil and gas from the Middle East makes it highly vulnerable to any closure of the Strait of Hormuz, a vital waterway for oil and gas shipments that is now in Iran's crosshairs.
Iran tensions
Why Asia stands to lose if Iran chokes off Strait of Hormuz
Region receives 80% of the crude oil and LNG transiting through the waterway
Whether Iran could close off the chokepoint as a reaction to conflicts has been a decades old question in commodities trading circles. © Reuters
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