00:00Global oil prices are at their highest level since June. That's as more ships change course
00:05in the Red Sea after threats from the Houthis to target the Bab el-Mendab Strait. This is forcing
00:12ships between Asia and Europe to change course. What impact will this have on the economies inside
00:19of Asia? You know, the situation differs from economy to economy. But of course, many of the
00:26economies do import a lot of their energy. And they import it from a variety of sources, Australia,
00:32Indonesia, as well as the Middle East. So it certainly does have an effect. Some of the
00:38economies are benefiting right now from the AI boom. South Korea, Taiwan are examples. Even Japan,
00:46which as it normally has, has only sluggish economic growth. But they are seeing a lot of
00:52exports of some of the materials that Japan specializes in that are used in semiconductor
00:58manufacturing. And they have a weak end. So they are seeing some export growth, quite significant
01:05actually, in the first one or two quarters of this year. But definitely a rise in energy prices
01:13will have an impact on most economies in Asia, because many of them do still import their energy.
01:22Well, you know this is a mix of the oil's energy, but also in Germany when they see
01:24the oil and the oil in the end. But of course, it's just something that happens in the
01:24there. So this of course it sounds like the oil in the end is going to be
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