The report states that the escalating situation in the Middle East is impacting energy, putting pressure on the ASEAN economy

Malaya Investment Bank released a report stating that the tensions in the Middle East are impacting Asia through energy and supply chains, potentially leading to stagflation-type shocks for the ASEAN economy, dragging down growth and pushing up inflation. Blockages in the Strait of Hormuz will affect global crude oil supply, and rising oil prices along with supply uncertainties will increase regional economic pressure. Additionally, disruptions in the supply of industrial raw materials from the Persian Gulf may affect multiple industrial chains, further exacerbating the fiscal pressure and current account situation of Southeast Asian countries