Asia-Pacific economies face energy shock as war on Iran disrupts Gulf supplies
Governments and businesses across the Asia-Pacific are facing an energy shock linked to the war involving the United States and Israel against Iran. The disruption has hit a region that had relied heavily on oil and gas moving through the Strait of Hormuz, a key shipping route for Gulf energy exports. The immediate effect has been shortages and higher fuel costs in several economies, with officials and analysts watching for any policy shift in Washington.The reported impact is broad, but the Philippines stands out as one of the most exposed economies. It relies on the Gulf for more than 90... [Continue Reading]
360LiveNews | 03 Nov 2026 00:30 LONDON
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