00:00And Jono, we spoke about markets slightly earlier and how they came down on Donald Trump's talks about negotiations happening.
00:08But when we look at Asia, it's been a real concern. Why has this region been so affected by the
00:15war?
00:16I mean, I think it's a surprise. From my point of view, I had to look at the shipping routes
00:20to figure out why is Asia being hit so particularly bad?
00:23How much of a reliance does it have on energy imports?
00:25And specifically on that oil and gas that we've spoken so much about in the last couple of weeks that
00:29travels through the Strait of Hormones, which is all but closed to traffic at the moment.
00:33So that's why we're seeing these sharp drops in stocks and across Asia as well.
00:38It's not been limited at all. We've seen this happen across the board in places like Japan and South Korea.
00:44They depend heavily on that route for their economies, for their fuel, for their industries, for their daily life as
00:49well.
00:50So in simple terms, for Asia, yes, it seems like a distant conflict, much like the UK.
00:55But the potential for disruption is it's a lifeline for these economies.
00:59Even in Thailand right now, we're hearing, although officially that's not the line, but they're not saying tourists don't come.
01:03But there's a situation on ground there that is creating this perception because of fuel shortages and disruption there.
01:09They're limiting how much people can fill their tanks with.
01:12They're closing once the daily supplies are actually out.
01:16And in some cases, people are queuing overnight just to get fuel as well.
01:18So this is the knock-on effect.
01:20And this, again, is what we're seeing across Europe right now.
01:24you
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