Across Asia, factories are closing, flagship airlines are cutting routes, and people are lining up for hours to buy cooking gas, all because of the war in Iran.

Analysts and industry insiders say higher costs are squeezing margins, with some of China’s wary industrial heartland compelled to make day-to-day purchases.

The US war on Iran should be a catalyst for governments and industries to accelerate the transition to renewables.

Across Asia, factories are closing, flagship airlines are cutting routes, and people are lining up for hours to buy cooking gas, all because of the war in Iran.

LNG and helium shortages risk crippling Asia’s semiconductor supply chain and delaying AI infrastructure expansion, experts say.

Nomura says more than 90 per cent of the crude oil imported by Japan and the Philippines comes from the Middle East.