Economy
Asian airlines are cutting flights heavily from April 2026 as a spike in jet‑fuel prices pushes the region toward what analysts are calling the worst aviation crisis since the pandemic. The war between the United States, Israel and Iran, along with disruptions to oil flows through the Strait of Hormuz,......
The energy shock triggered by the war in Iran is reshaping Asia’s energy outlook. Analysts say the disruption is accelerating the region’s shift toward renewable energy and electric vehicles, even as several countries increase coal use in the short term. Fighting has severely disrupted oil......
Global demand for electric vehicles is rising sharply as oil prices surge following the conflict involving Iran, prompting consumers to reassess fuel costs and accelerate the shift toward electric mobility. Brent crude has recently traded above 112 dollars per barrel, up about 60 percent since hostilities......
China’s leading battery manufacturers have added more than 70 billion dollars in combined market value since the start of military strikes on Iran, as investors shift toward companies expected to benefit from rising oil prices and accelerated electric vehicle adoption. Shares of CATL, BYD, and......
Two liquefied petroleum gas tankers have passed through the Strait of Hormuz heading to India as Asian governments scramble to manage a widening energy crisis triggered by the United States and Israeli war with Iran and the disruption of shipping through the critical waterway. The conflict has sharply......
