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As War on Iran Escalates, Asia Scrambles to Deal with Global Energy Fallout

Asian economies reliant on Middle East energy face rising prices and supply risks as global market value drops by $6 trillion, prompting strategic reserve preparations.

China, Japan and South Korea have all taken steps to reduce impact of supply shortages – but analysts warn of spillover.

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The US and Israel's war with Iran, which caused a sharp increase in oil and gas prices, will affect the economies of Europe and Asia more than the United States economy, writes the Financial Times, citing experts.

·Riga, Latvia
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Bias Distribution

  • 67% of the sources lean Left
67% Left

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Meduza broke the news in Riga, Latvia on Tuesday, March 10, 2026.
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