An Iran-led conflict threatens the Strait of Hormuz, a critical waterway for 70% of Asia's crude oil imports, jeopardizing the economic security of China, India, Japan, South Korea, and Southeast Asia. This creates a strategic imperative for Asian nations, particularly India and South Korea, to build cooperative maritime security frameworks to uphold freedom of navigation and ensure energy security, moving beyond commercial ties.
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- ›Asian Crude Imports via Gulf: Nearly 70%
- ›Global Oil via Strait of Hormuz: One-fifth (20%)
- ›Target this Data: 70% of Asia's crude oil imports come from the Gulf region.
- ›Target this Nodal Body: United Nations Convention on the Law of the Sea (UNCLOS) - the legal framework guaranteeing freedom of navigation.
- ›Target this Strategic Location: Strait of Hormuz - carries one-fifth of globally traded oil.
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