A U.S. study center at the University of Sydney warned that the Strait of Hormuz crisis poses a long-term threat to energy security in Australia and Asian countries.

According to this report, closing this passage has deprived Asia of 60% of oil supply and 27% of natural gas, and has increased energy costs in Southeast Asia by 3 billion and 360 million dollars per month.

More details with Ali Reza Mohabi, a journalist for Iran International