Many Asian economies rely on oil exports from the Gulf, which have slowed to a crawl since Iran closed the Strait of Hormuz last week. South Korea sources about 70% of its crude oil from the Middle East; for Japan, that number is closer to 90%. The price of WTI crude briefly surpassed $115 a barrel on Monday morning.
——张俊杰代表(南京市第一医院副院长)
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Acting executive director for consumer protection Emma Cochraine warned suppliers against profiteering by hiking the price of heating oil for those who have already placed orders.