US strike on Iran fuels Taiwan’s air defence debate and energy supply fears

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Following a US strike on Iran, Taiwan is closely monitoring the situation and assessing potential impacts on its economy, financial markets, and energy supplies. The island's cabinet has instructed finance authorities to monitor stock and currency market volatility. The economics ministry has activated an energy response mechanism to coordinate supply sources, addressing concerns that escalating hostilities could disrupt global oil and gas flows. The events have also fueled debate in Taiwan regarding the urgency of strengthening its air defense network amid increasing pressure from Beijing. Taiwan has reduced its reliance on Middle Eastern crude oil imports from 45% to 35% in recent years.
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