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.