Singapore Warns of Asian Economic Crisis From Mideast War
Singapore Foreign Minister Vivian Balakrishnan says the closure of the Strait of Hormuz threatens Asian economies. He also questioned the legality of the war.
Xurve View
Xurve View
The ongoing conflict in the Middle East poses a severe threat to Asian economies, potentially triggering a regional crisis, according to a warning issued by Singapore's Foreign Minister Vivian Balakrishnan. The minister highlighted the region's extreme exposure to disruptions in energy supplies, particularly as the war involving Iran enters a critical phase.
"Right now the closure of the Strait of Hormuz is, in a sense, an Asian crisis."
