CommentRuthless power battles in Middle East give Asia a golden chance
China and South Korea keen to exploit Israeli-Arab rapprochement
Then-U.S. President Donald Trump poses with Israeli Prime Minister Benjamin Netanyahu and the foreign ministers of Bahrain and the United Arab Emirates after signing the Abraham Accords in Washington on Sept. 15, 2020. © AP
HIROYUKI AKITA, Nikkei commentator
January 28, 2023 18:05 JST
TOKYO -- Many Asian countries depend heavily on oil from the Middle East to meet their energy needs. In particular, Japan buys more than 90% of its imported crude oil from the region. Now a geopolitical earthquake of an unprecedented scale is rocking the region, with potentially huge implications for Japan and the rest of Asia.