Disruptions in the Middle East, particularly in the Strait of Hormuz, are driving inflation across Southeast Asia.
2 reports, 2 independent
Updated Jun 18
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What happened
Disruptions in the Middle East, particularly in the Strait of Hormuz, are driving inflation across Southeast Asia.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Geopolitical risks and the US–Iran war are impacting outlooks in the region.Also in this story
- The Bank of England, led by Governor Andrew Bailey, has issued warnings regarding the economic outlook due to geopolitical instability caused by the Iran war and its impact on energy supplies.
- The Bangko Sentral ng Pilipinas monitors oil price shocks and inflation risks, influencing domestic policy decisions.
The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- Trump announced a signed agreement with Iran, which JD Vance confirmed, aiming to fully open the Strait of Hormuz. The ceremony is expected in Geneva.
- Recent headlines cover US support for Israel, Washington's evolving policy toward Iran, and political tensions between Donald Trump and Benjamin Netanyahu.
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Southeast Asia
south-eastern region of Asia
Related events
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- Middle East war disrupted oil and gas supplies, leading to high fuel costs and inflation in Thailand.