Japan's Prime Minister Sanae Takaichi warns that shipping disruptions in the Strait of Hormuz are causing an enormous impact on the Asia Pacific economy amid the ongoing US-Iran conflict.

India Finance Ministry warns supply shocks from Middle East war are hitting domestic demand, calling it a 'serious concern' in monthly review.

India is facing supply shocks from the war in the Middle East, and the resulting hit to domestic demand is a serious concern, the Finance Ministry said in its monthly economic review.

China Southern Airlines and its subsidiary agree to purchase Airbus aircraft in a deal valued at $21.4 billion.

China Southern Airlines and its subsidiary have agreed to purchase Airbus aircraft in a deal valued at $21.4 billion.

Australia inflation above Reserve Bank’s 2-3% target as fuel costs from Middle East disruptions keep policymakers on tightening path.

Australia’s inflation remained above the Reserve Bank’s 2-3% target band as higher fuel costs from Middle East supply disruptions compounded already-elevated price pressures to keep policymakers on a tightening path.

U.S. gas prices hit a fresh record since the start of the war with Iran, rising to an average of $4.23 per gallon, according to AAA.

U.S. gas prices have reached a new record high since the onset of the war with Iran, with the national average rising to $4.23 per gallon, according to AAA.