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Source: https://www.nytimes.com/2026/04/20/world/asia/asia-pacific-iran-war-oil.html
Iran War Sent Shock Waves through Asia
(New York Times) Damien Cave - The impact of the war in Iran has hit Asia harder and faster than expected. The Asia-Pacific region relies more heavily on Middle Eastern energy imports than almost anywhere else in the world. Even before the war started on Feb. 28, Asia's energy capacity was falling short of demand. In interviews, farmers in Vietnam, laborers in India, innkeepers in Sri Lanka, drivers in the Philippines, and executives in Hong Kong and Singapore all sounded worried. Carriers flying through the Middle East, where 24 million migrant workers from South and Southeast Asia are employed, suspended trips to Dubai and other Gulf hubs right away. With jet fuel nearly doubling in price and with its availability threatened, airlines are slashing many more routes indefinitely. Qantas, Air New Zealand, Lion Air of Indonesia, VietJet, AirAsia, Air India, Cathay Pacific and Batik Air of Malaysia are cutting service. Copper and nickel production rely on natural gas and sulfur, a fossil fuel byproduct. Both are in short supply, forcing several Indonesian nickel processors to reduce output. Polyester and nylon are also derived from petroleum. In the sewing hubs of Bangladesh, severe disruptions to production and shipment schedules have become common. Prices have soared for helium, a gas byproduct used for semiconductors, and some Asian chipmakers are slowing production. Without enough petrochemicals to make plastic packaging, fewer Korean beauty products are heading to stores. A lack of fertilizer is threatening rice crops in Vietnam. Cattle farmers in Australia are warning of a meat shortage because of idled slaughterhouses and truckers.