Back to News Feed
escalatory·1d ago·Sunday, March 22, 2026
Asia faces cascading economic crisis as Iran war disrupts supply chains across the region
escalatory·90% confidence
Summary
South Korea's petrochemical shutdowns, Japan's naphtha crisis, Taiwan's 11-day gas reserves, India's diesel irrigation costs, and Pakistan's fertilizer shortage are converging into a region-wide economic emergency. FT's Martin Wolf warns of potentially 'one of the biggest shocks in the postwar period.'
Risk Impacts (4)
Region-wide petrochemical crisis confirms packaging supply chain collapse across Asia
Current probability:95%Critical
Taiwan's 11-day gas reserves threaten TSMC power supply
Current probability:75%High
India/Pakistan diesel costs actively impacting irrigation operations during planting season
Current probability:78%High
Converging Asian supply chain failures compound global food system stress
Current probability:95%Critical