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
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Southeast Asia
south-eastern region of Asia
Related events
- Escalation against Iran threatens the Strait of Hormuz route, leading to inflation and market instability.
- The war in the Middle East impacted inflation outlook, commented on by expert Cevdet Yılmaz.
- Middle East tensions are reigniting global inflation, prompting Fed and European central banks to signal rate hikes, while Azerbaijan builds a monetary buffer.
- Geopolitical tensions in the Middle East are disrupting oil supply, coinciding with the release of South African consumer inflation data.
- The war in the Middle East is driving inflation, while El Niño is linked to agricultural disruptions.