The war with Iran isn't just a Middle East story anymore. As attacks on ships in the Strait of Hormuz disrupt global energy markets, the economic impacts are being felt by Europe, the United States, and especially the Indo-Pacific. Does the ongoing conflict provide a strategic opening for China? And how is India navigating this new era of complicated alliances? James Crabtree, distinguished fellow in the Asia program at the European Council on Foreign Relations, breaks it down.