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Middle East attack jolts oil-import dependent Asia

Published by Yahoo on Sat, 15 Jun 2019


The blasts detonated far from the bustling megacities of Asia, but the attack this week on two tankers in the strategic Strait of Hormuz hits at the heart of the region's oil import-dependent economies. While the violence only directly jolted two countries in the region ' one of the targeted ships was operated by a Tokyo-based company, a nearby South Korean-operated vessel helped rescue sailors ' it will unnerve major economies throughout Asia. Officials, analysts and media commentators on Friday hammered home the importance of the Strait of Hormuz for Asia, calling it a crucial lifeline, and there was deep interest in more details about the still-sketchy attack and what the United States and Iran would do in the aftermath.
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