China has emerged as the main beneficiary of the Strait of Hormuz closure, according to Washington D.C.-based strategic advisory firm The Asia Group. In a report published this week, it said the stoppage of crude oil and other commodities from the Middle East has unevenly impacted economies in Asia, which relies heavily on imports for ... The post The Strait of Hormuz pain has been China’s gain, The Asia Group says appeared first on Egypt Independent .
