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Middle East Conflict Threatens Asia's Energy Stability, ADB Warns

3/7/2026

Summary

Story summary

Albert Park, the Asian Development Bank's Chief Economist, warned the Middle East conflict could threaten Asia's energy and trade stability, given many Asian economies are net oil importers.
If the conflict lasts a month, the impact on GDP would be modest.
Prolonged disruptions could raise energy prices and increase financial volatility.
Park advised stabilizing markets, targeted fiscal support for vulnerable households, and monitoring logistics indicators.

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Story summary

Albert Park, the Asian Development Bank's Chief Economist, warned the Middle East conflict could threaten Asia's energy and trade stability, given many Asian economies are net oil importers.
If the conflict lasts a month, the impact on GDP would be modest.
Prolonged disruptions could raise energy prices and increase financial volatility.
Park advised stabilizing markets, targeted fiscal support for vulnerable households, and monitoring logistics indicators.