Middle East war jolts oil prices and currencies shaking Asia’s inflation and growth outlook

Oil and food spikes are testing every central bank response

The Middle East conflict is reverberating through global markets by pushing oil prices higher and weakening currencies, tightening financial conditions worldwide. Asia, with heavy reliance on imported energy, is especially exposed as energy costs feed into food inflation and consumer spending pressures. Investors are now watching how central banks balance these geopolitical shocks against inflation control and economic stability.