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#山寨币强势反弹 3. Pain is asymmetrical — Asia bears the brunt
Hormuz oil only accounts for 2-5% of flows to the United States.
75% flows to four Asian economies: China, India, Japan, South Korea
🇨🇳 China alone imports 11 million barrels daily from the Middle East
For the U.S.: prices are inconvenient
For Asia: potential supply crisis