Can Asian economies survive the fallout from Iran’s war? | | Business and Economy

Working from home. Fuel lines. Shut down. This is the downfall of Iran’s war across Asia. Governments are trying to protect their economy from the worst power crisis.
Others distribute oil. Others are bringing back subsidies or reducing exports altogether. And the more the Strait of Hormuz is disrupted, the bigger it gets – more so for vulnerable countries.

Rising oil prices are driving up the costs of exports – as remittances fall and currencies weaken. The dollar price of oil, food, fertilizer and debt has all risen, forcing governments to spend more, borrow more or cut back.