The Strait of Hormuz pain has been China’s gain, The Asia Group says

AI Summary

China benefits significantly from the closure of the Strait of Hormuz, as it impacts crude oil and commodity shipments from the Middle East. The disruption has uneven effects on Asian economies heavily reliant on imports through the strait.

China has emerged as the main beneficiary of the Strait of Hormuz closure, according to Washington D.C.-based strategic advisory firm The Asia Group. In a report published this week, it said the stoppage of crude oil and other commodities from the Middle East has unevenly impacted economies in Asia, which relies heavily on imports for … The post The Strait of Hormuz pain has been China’s gain, The Asia Group says appeared first on Egypt Independent.