NEW DELHI: Sanae Takaichi has warned that the ongoing Iran war and the resulting oil crisis are having a major impact across the Asia-Pacific region.

Speaking during a visit to Australia, the Japanese Prime Minister said disruptions in global oil supply—especially through the Strait of Hormuz—are affecting economies across Asia.

A large share of the world’s oil passes through this route, with most of it heading to Asian countries, making the region highly vulnerable to supply disruptions.

The ongoing conflict has already started impacting fuel prices, inflation, and economic growth across Asia. Countries like India, Japan, and others are facing rising energy costs, while some nations are turning to alternative suppliers or using emergency reserves to manage the situation.

Japan and Australia have now agreed to work more closely to secure stable energy supplies and reduce the impact of the crisis.

Experts warn that if the conflict continues, the oil crisis could worsen further, putting more pressure on economies across the Asia-Pacific region.