Why the Strait of Hormuz is integral to Asia | Asia News Week | ABC News

0:00 Why is the Strait of Hormuz integral to global economies? 0:55 How would China and Japan deal with restricted oil supply? 2:03 How will Asia's economies be impacted? 3:16 Is China dependent on Iranian oil? In China, Japan, South Korea, Taiwan and India, leaders are focused on the Strait of Hormuz. About a fifth of the world's oil output and liquefied natural gas is shipped through the narrow body of water, wedged between Iran and Oman, but traffic through the passage has slowed to a trickle after the outbreak of war. Kpler analyst, Muyu Xu explains to Asia News Week’s Yvonne Yong why the developments could see Asia’s energy security at risk. Subscribe: http://ab.co/1svxLVE ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook: http://facebook.com/abcnews.au Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ABCAsiaNewsWeek #ABCAsiaPacific #abctheworld