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…
As Iran war hits trade hubs, Chinas logistics firms scramble for alternatives
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