Asia's heavy reliance on Middle Eastern crude is leaving the region exposed to years of higher energy costs and geopolitical risk as the U.S.-Iran conflict disrupts key oil shipping routes.

Asia's heavy reliance on Middle Eastern crude is leaving the region exposed to years of higher energy costs and geopolitical risk as the U.S.-Iran conflict disrupts key oil…

Iran war disrupts Strait of Hormuz, causing energy prices to surge. Crude oil reaching a new all-time high by December 31 at 15.5% YES.