1. Impact on Asia’s Economy and Global Growth (Time)

 

The war’s economic effects extend beyond energy markets into broader regional economies, especially in Asia, where many countries import large amounts of oil and gas from the Middle East. Rising energy prices and disruption to trade routes could slow industrial activity, hurt growth, and push inflation higher in Asia, which would then ripple through global supply chains and trade balances. 

Higher prices for fossil fuels and the knock‑on effects on food and transportation costs are also straining household budgets and corporate margins, making it harder for central banks to balance inflation and growth concerns. This could lead to slower global economic expansion as countries deal with costlier inputs and weaker trade performance.

source : https://time.com/article/2026/03/16/us-israel-iran-war-trump-asia-economy-oil-energy-inflation-recession/?