← May 4, 2026 briefing
Iran War Hammers Asia Growth as Energy Costs Surge
Economy

Iran War Hammers Asia Growth as Energy Costs Surge

Asia's economic outlook is deteriorating sharply as the ongoing Iran war drives up energy costs across a region heavily reliant on imported fuel, pushing inflation higher and squeezing growth forecasts. US gas prices have already jumped more than 30 cents a gallon in a single week, and jet fuel shortages are now threatening summer travel.

MarketWill Crude Oil (CL) hit__ by end of June?
Will Crude Oil (CL) hit (LOW) $80 by end of June?51% chance
Sources
The threat to summer holidays looming from jet fuel shortages

The threat to summer holidays looming from jet fuel shortages

BBC · May 3

Gas prices went up more than 30 cents a gallon last week. How high could they go?

Gas prices went up more than 30 cents a gallon last week. How high could they go?

NPR · May 3

Asia’s economic pain deepens as Iran war drags on

Asia’s economic pain deepens as Iran war drags on

Financial Times · May 4

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