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Middle East conflict economic impacts chips | Sourceability sourceability.com 1 fact
measurementMore than 80% of the oil and liquefied natural gas (LNG) shipped through the Strait of Hormuz is destined for Asian markets, primarily China, India, Japan, and South Korea.
Conflict in the Middle East and the Impact on the Global Economy trendsresearch.org 1 fact
claimDisruption in oil supplies from the Strait of Hormuz will directly impact Asian economies, specifically India, China, Japan, and South Korea, as these nations are the primary destinations for this oil.