US blockade of Strait of Hormuz puts Asian economies in firing line
The US blocks Iranian ports in the Strait of Hormuz, triggering global oil and jet fuel price increases.
Published 14sem33 sources✓ ConfirmedMajorupdated 6j
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The fact
Singapore tightens monetary policy amid the energy shock, while airlines like Qantas anticipate losses of hundreds of millions of dollars.
Chinese exports to the US fall 26.5% year-on-year, reflecting geopolitical impact on global trade.
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Apr 14US blockade of Strait of Hormuz puts Asian economies in firing linethis article