The Economic Times

Iran-Israel War: Asia's richest economies face a risk as lions share of Middle East oil flows east through Hormuz

Iran-Israel War: Escalating tensions in the Middle East are reverberating through Asia-Pacific economies. Advanced economies, heavily reliant on imported energy and commodities, face near-term fallout as disruptions to trade routes such as the Strait of Hormuz intensify, According to Moodys Analytics. Higher energy and food prices could fuel inflation, prompting central banks to rethink policy, while emerging markets may confront renewed debt pressures.