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

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

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.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Tunisian tourism opens weak as Middle East war dents bookings across the coast

Tunisian tourism opens weak as Middle East war dents bookings across the coast

Tunisia’s summer tourism season, which usually starts strong in May, is getting an uneasy launch as the Middle East conflict disrupts travel demand. Officials say Djerba delivered resilience with a record 1.2 million visitors last year, up 5%. But the region’s wider instability is creating uncertainty for this year’s booking momentum.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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Trump to press Xi on Iran in Beijing talks aimed at ending Middle East war

Trump to press Xi on Iran in Beijing talks aimed at ending Middle East war

US President Donald Trump plans to “apply pressure” on Chinese leader Xi Jinping over Iran during a Beijing visit this week, a senior administration official said. Trump arrives Wednesday evening, after postponing the trip in March due to the ongoing Iran war. The move signals Washington’s push for a deal aimed at bringing an end to the Middle East conflict.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Lufthansa flags rising Middle East war risks and warns fuel availability could worsen later

Lufthansa flags rising Middle East war risks and warns fuel availability could worsen later

Lufthansa says the Middle East war is increasing risks to its financial performance, even while keeping its full year outlook. The airline notes that no kerosene supply restrictions are expected at its hubs right now. However, it warned that fuel availability could be reduced later in the year, adding pressure to operations and costs.

Summarised by Beize from a story on The Economic Times on 6 May 2026
US factory activity stays steady in April as prices jump to two year highs

US factory activity stays steady in April as prices jump to two year highs

US manufacturing activity held steady in April, according to survey data, even as firms faced growing uncertainty from the Middle East conflict. The key twist: a prices measure surged to 84.6, the highest since April 2022, signaling renewed inflation pressure. The survey suggests businesses are coping with demand but struggling with cost signals.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Nigerian airlines avert shutdown as jet fuel prices surge amid Middle East war

Nigerian airlines avert shutdown as jet fuel prices surge amid Middle East war

Nigerian airlines kept operating on Thursday after averting a shutdown sparked by soaring jet fuel prices. The spike, intensified by the Middle East war, is hitting an industry across Africa’s biggest crude producer. Even with increased jet fuel output from Nigeria’s Dangote refinery, data reviewed by AFP suggests fuel costs remain stubbornly high—raising questions about how much room there is to lower prices.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026

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Thailand forecasts fewer tourists as Middle East war spikes fuel prices and travel demand

Thailand forecasts fewer tourists as Middle East war spikes fuel prices and travel demand

Thailand’s finance ministry says the country’s economic growth and tourist arrivals are expected to fall this year as the Middle East conflict pushes global energy prices higher. With the US-Israel campaign against Iran underway for two months, tourists from Europe and the Middle East have declined, driven by the rise in fuel costs that makes travel more expensive.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Budget airlines start cutting flights as jet fuel costs surge amid Middle East war

Budget airlines start cutting flights as jet fuel costs surge amid Middle East war

Several low-cost carriers including Ryanair, Transavia and Volotea are cutting flight schedules after jet fuel prices climbed sharply amid the Middle East war. Ryanair is reducing services to and from Berlin from October, pointing to overall high costs and taxes rather than directly naming fuel prices, signaling tighter capacity for budget travelers soon.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026
India fertiliser output plunges nearly a quarter as Middle East war disrupts gas supplies

India fertiliser output plunges nearly a quarter as Middle East war disrupts gas supplies

India’s fertiliser production fell nearly a quarter in March, driven by disruptions to imported natural gas linked to the Middle East conflict. Since gas is a core input for producing urea—the key fertiliser powering much of India’s agriculture—the shock highlights how directly global energy disruptions can ripple into farm supply and food costs.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Middle East war drives Southeast Asia toward electric vehicles to escape fuel shock

Middle East war drives Southeast Asia toward electric vehicles to escape fuel shock

Electric vehicle demand is surging across Southeast Asia as shoppers rush to dealerships to sidestep runaway fuel prices. Since the Middle East war began, crude has climbed by roughly 50%, briefly pushing above $100 per barrel, tightening budgets at the pump. EVs are emerging as the cheaper, shielded alternative for cost-conscious buyers.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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