Asia’s energy-reliant economies face ‘existential threat’ from prolonged Iran war

Asia’s energy-reliant economies face ‘existential threat’ from prolonged Iran war

Asian economies reliant on energy imports are bracing themselves not just for a spike in oil prices but for the possibility that the Iran war could trigger a prolonged period of energy market disruption. While markets have already priced in the initial disruption to shipping and energy infrastructure linked to the conflict, economists warn that a war lasting several weeks could leave Asian importers facing persistently higher fuel costs, widening trade deficits and slower economic...

By Biman Mukherji