The AI boom is lifting stocks to record highs, while the Strait of Hormuz closure is pushing up oil prices.
Written by Nikkei Asia
Published on
30 Apr 2026
7 mins read
After more than five years of driving a jeepney around Metro Manila, Bryan Magaling has reached a crossroad of a different kind.
Manila: As he leaves home to start work at 7 a.m., Joseph Platilla no longer expects his wife and children to wait up for him to…
Asia relies heavily on oil and gas from the Gulf, and shortages and higher prices are starting to bite.
From Nepal to Vietnam, soaring fuel costs are making petrol cars a luxury as Asia outpaces Europe in the race to go electric.
Drivers say they are struggling to cope, while the government declares a national energy emergency.
The world is more resilient and energy-efficient than in the 1970s, yet broader structural vulnerabilities persist and could hit…
The price of crude has surged above $100 on concerns about shortages due to supply disruptions.
