Asia faces growing supply risks if West Asia tensions persist: Report sounds alarm amid Iran war

Описание: A recent report has sent shockwaves that supply disruptions from West Asia tensions could spread beyond oil. The Morgan Stanley report warned that it may affect several industries across Asia including industrial materials from the region. It also noted that West Asia plays a major role in the global trade of oil, gas, and other raw materials. Also, many Asian countries depend heavily on imports from the region for energy and industrial inputs. If supply disruptions persist, the effects could spread across sectors such as agriculture, manufacturing etc., the report said. “India, Thailand, Korea, and Taiwan are the economies which are most exposed on this front" the report read. The West Asia region accounts for a large share of global exports of crude oil, LNG and LPG. For example, the region supplies about 34 per cent of global crude oil exports and around 19 per cent of LNG export. Beyond oil and gas, the region is also a major supplier of raw materials and industrial inputs. Morgan Stanley also warned that some early signs of disruption have already appeared in Asia. Meanwhile, India has introduced rationing of LNG and raised prices for cooking gas. “Governments and industries will need to closely watch supply chains and trade data for signs of further stress” the report warned

#West Asia war #Asia #morganstanley #supplychaindisruption #oilsupply #oilprices #crudeoil #Trump #StraitOfHormuz #IranWar #USIranConflict #BreakingNews #MiddleEastTensions #GlobalOilCrisis #USNavy #PersianGulf #WorldNews #Geopolitics #OilSupply #MilitaryCoalition #IranVsUS #NavalSecurity

Join ANI's YouTube membership to get access to perks:
   / @aninewsindia  

Subscribe now and press the bell icon 🔔 to get new video updates: https://bit.ly/2UV4ygi
--------------------------------------
ANI is South Asia's leading Multimedia News Agency providing content for every information platform, including TV, Internet, broadband, newspapers, and mobiles.
Subscribe now! Enjoy and stay connected with us!!
☛ Subscribe to ANI News YouTube channel: https://bit.ly/2UV4ygi
☛ Visit our Official website: https://www.aninews.in/
☛ Follow ANI:   / ani  
☛ Follow us on Snapchat:   / @ani-news  
☛ Like us:   / aninews.in  
☛ Email to: [email protected], [email protected]
☛ Instagram:   / ani_trending   , https://www.instagram.com/podcast_ani...
☛ Copyrights © All Rights Reserved ANI Media Pvt Ltd.