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Iran conflict raises safety concerns of key shipping routes, Asia buys over 4/5 crude oil from gulf

Iran conflict raises safety concerns of key shipping routes, Asia buys over 4/5 crude oil from gulf

Tensions from the Iran conflict are raising alarms over the safety of key maritime oil routes, especially in the Strait of Hormuz. With Asia relying on the Gulf for maximum of its crude imports, any disruption could impact global energy markets.

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