Asia Counts Cost of Iran-Israel War: Economic Shocks, Oil Chaos & Strategic Alarm
đ° Breaking News Report Date: June 27, 2025 Byline: Jahidul Islam | bnewso.com Asia faces oil shock, market drops, and diplomatic shifts from the Iran-Israel war; Russia profits while India, China, and Japan suffer economic damage. Illustrative graphic of Asia's economic and strategic impact from Iran-Israel war đ Asia Feels the Shockwaves from Middle Eastern Firestorm Though the battlefield was in the Middle East, the effects of the Iran-Israel conflict echoed powerfully across Asia , causing massive economic tremors, diplomatic tensions , and strategic realignments. With key Asian economies heavily dependent on Gulf oil and regional stability, the war has exposed their vulnerabilities and forced rapid policy adjustments. đ Countries That Suffered Heavy Losses đŽđŗ India Oil import bills surged by 30%, deepening the trade deficit. Stock markets dipped sharply on war outbreak day. Indian workers in UAE and Saudi Arabia faced job uncertainty. Indian Navy incre...