Big Take Asia

War in Iran Is Exposing Oil Risks Across Asia

On today’s Big Take Asia podcast, how the Iran war is rattling global oil markets and exposing Asia’s top economies to the risk of a major energy shock.

A ship anchored off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai, on March 2.Photographer: Anadolu/Anadolu

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By K Oanh Ha, Yang Yang, and Naomi Ng

March 5, 2026 at 10:35 PM UTC

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The war in the Middle East is rattling global oil markets, raising the risk of supply disruptions and price shocks for energy‑hungry Asian economies.