Washington DC
based strategic advisory firm The Asia Group reports that China has emerged as
the primary beneficiary of the Strait of Hormuz closure.
While the
halt of Middle Eastern crude oil and commodities has severely disrupted Asian
economies that depend on fuel imports, China has successfully leveraged its
diversified energy supplies and emergency reserves to secure a strategic
advantage.
According to
the firm’s latest report, Beijing is utilizing the regional instability to
mar...
