From restaurant closures in the Philippines and petrol rationing in Sri Lanka, to Asian food production crises due to fertiliser shortages, the effects of the US-Israeli war on Iran reverberate around the world
From the Philippines cutting down to a four-day week to save electricity, to restaurants in India taking gas-intensive dishes off the menu, and rents being frozen in Spain, the economic fallout of the US-Israeli war on Iran has reverberated around the world.
Facing an existential threat, Tehran has retaliated by closing the vital Hormuz shipping lane and bombed its oil and gas-rich neighbours, compounding a deepening crisis abroad for businesses and families.
The International Energy Agency has described the situation as the largest supply disruption in the history of the global oil market.
While Europe and the Americas are bracing for impacts, billions of people elsewhere, especially in Asia, are already feeling serious repercussions.
