What does the Iran ceasefire mean for Asia?

能源危机重创亚洲经济

Money Talks from The Economist

2026-04-09

29 分钟
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This week Iran and America agreed to pause the war. But the ceasefire, even if it holds, won't prevent the conflict's economic fallout. The impact has been felt most acutely in Asia, the destination for 80% of the oil and 90% of the gas that usually passes through the Strait of Hormuz. What lessons does the crisis hold for governments in the region? Guests and hosts: Vishnu Padmanabhan, The Economist's Asia correspondent and news editorEthan Wu, co-host of “Money Talks”Alice Fulwood, co-host of “Money Talks” Topics covered: Iran ceasefireAsian energy shockStrait of Hormuz crisis Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+.
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  • The Economist.

  • After the Iran war entered its sixth week, an announcement came that could signal a path to peace.

  • And good evening.

  • We are coming on the air with some breaking news just moments ago.

  • The President of the United States announced a two-week ceasefire with Iran.

  • It comes just hours after the President had threatened, in his words, a whole civilization will die.

  • A fragile ceasefire is now in place.

  • But the Iran crisis has shown once again how war can cut off critical sources

  • of oil and gas and destabilize far-off governments.

  • In particular, it's Asia that has suffered from the fallouts of this conflict.

  • Indeed, across Asia, there is barely a country untouched.

  • Vietnam has ruled working from home.

  • Bangladesh has rationed fuel and closed universities.

  • Some 80 to 90 percent of the crude oil and liquefied natural gas

  • that normally passes through the Strait of Hormuz goes to Asian markets.

  • The Philippines officially now under a state of national emergency.

  • And every week that the strait has remained closed,

  • the situation in Asia has become more and more acute.

  • To save energy, Sri Lanka has declared every Wednesday a public holiday,

  • and Myanmar is limiting how often citizens can buy gasoline.