Sunday, May 24, 2026

Iran War's Impact on Asia

The War-Driven Supply Shock Already Roiling Manufacturing in Asia
https://www.nytimes.com/2026/05/24/business/what-is-naphtha.html
A shortage of naphtha, stemming from the blockade of the Strait of Hormuz, is disrupting manufacturing and retail goods in Japan and South Korea.   

Thousands of Miles from the Iran War, Asia’s Currencies Feel the Strain
https://www.nytimes.com/2026/05/22/business/asia-currency-iran-dollar.html
Soaring oil prices and a surging dollar are testing Asia’s foreign-exchange reserves, which were built up after the 1997 crisis.