How Trump’s war on Iran is jeopardising Asia’s remittance lifeline

AI Summary

US-Iran tensions are severely disrupting Asia's remittance flows and causing wide-ranging collateral damage including shortages of critical commodities such as oil, gas, and fertilizers. The Strait of Hormuz closure and attacks on US allies in the region exacerbate economic and humanitarian hardships beyond Iran itself.

There seems to be no end to the harm arising from US President Donald Trump’s madcap war on Iran. Go beyond the direct tragic impact across Iran itself, the collateral damage from Tehran’s effective closure of the Strait of Hormuz, and its ad hoc assaults on US allies in the region: beyond the burgeoning impact of shortages of oil, gas, hydrogen, helium and sulphur, and the prospect of food shortages arising from the collapse in fertiliser supplies; beyond the hardships of tens of thousands of...