Asian governments are working out how to tackle a sharp rise in energy prices and growing concerns about energy security across the continent, in the process prompting a range of policy responses.
An inflation shock similar to that caused by the ten-fold rise in energy prices in 2022 is on the way. As the war in Iran enters day eleven it's still too early to be measurable, but central banks around the world are already issuing warnings.
Industry participants are already hurting by way of feedstock markets, particularly naphtha and liquefied petroleum gas, which combine to underpin much of Asia’s plastics production.
Equity markets across Asia fell sharply at the week’s opening on March 9, with indices in Japan and South Korea leading regional losses following a steep rise in global oil prices
The closure of the Strait of Hormuz has thrown a harsh spotlight on a simple but decisive question for Asian governments: how long their energy reserves can last as part of the 2026 energy shock