‘Compound shock effect’: why the Middle East crisis and El Niño could spell disaster in south-east Asia
Millions of tonnes of the world’s food could be lost amid the uncertainties surrounding the strait of Hormuz and the dangers of a ‘Godzilla-strength’ El
Millions of tonnes of the world’s food could be lost amid the uncertainties surrounding the strait of Hormuz and the dangers of a ‘Godzilla-strength’ El Niño When the US and Israel launched the war on Iran, south-east Asian nations were amongst the first and hardest hit, as the closure of the strait of Hormuz cut off supplies of energy and fertiliser.
Governments across the region, heavily reliant on the waterway, raced to find ways to reduce their fuel use: in the Philippines, many government workers were put on a four-day week.
In Vietnam, employers were urged to allow staff to work from home. In Thailand, offices were urged to set air-conditioning units to 27C. Continue reading...
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