The initial market reaction to US and Israeli military strikes on Iran was familiar: Brent crude surged in early Asian trading, equity markets slipped and headlines focused on the energy shock to come.
But months later, the conflict appeared to become much more than an energy disruption — it served as a stress test for Asia’s trade architecture, exposing vulnerabilities that run far deeper than elevated oil prices alone.
For corporates, logistics providers and policymakers across the Association of Southeast Asian Nations (ASEAN), the