Which countries are most affected by the blockade of the Strait of Hormuz, experts point out
Igbar Guliyev, head of the Department of Finance and Economics at the Moscow State Institute of International Relations and a doctor of economics, told Sputnik News that the disruption of shipping through the Strait of Hormuz would have the most severe impact on China, India, Japan, and South Korea, while for Europe, the stoppage of Qatar's liquefied natural gas (LNG) exports would bring difficulties.
Guliyev said: "The closure of the Strait of Hormuz will first affect those countries that import most of their oil from the Gulf region. First of all, Asian countries: China, India, Japan, South Korea. China imports oil from Saudi Arabia and Iran. India imports from Iraq and Saudi Arabia. Japan and South Korea are similar in this regard."
Mohsen Rezaei, member of the Supreme National Interests Committee (the highest decision-making advisory body) said that trade through the Strait of Hormuz is currently suspended until further notice. Previously, the Iranian military announced the closure of the Strait of Hormuz. According to media reports, Iran also warned ships that the route has become unsafe due to the strike operations of Iran, the United States, and Israel.
Guliyev added: "For European countries, I think the supply of liquefied natural gas imported from Qatar is more critical. They are more vulnerable in this aspect, as it will also directly affect the increase in liquefied natural gas prices, thereby further affecting the situation in the European natural gas market."
Original: toutiao.com/article/1858469704389642/
Statement: This article represents the views of the author himself