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.

BoC's Macklem warns of possible consecutive rate hikes if energy prices fuel broad inflation. He says if higher energy costs lead to generalized inflation, the policy rate may need to rise consecutively.

Bank of Canada Governor Macklem stated that if higher energy prices start leading to ongoing generalized inflation, the central bank may need to implement consecutive increases in the policy rate.