Emerging Markets Face Mounting Economic Strain Amid Iran War

12 articles · Updated · Reuters · Apr 27

Qatar posted its first-ever $1.2 billion trade deficit in March as Strait of Hormuz closures slashed exports by over 90% and halved imports.
Rising energy costs are fueling inflation, forcing central banks in countries like the Philippines and Turkey to adopt hawkish stances, while governments increase subsidies to cushion households.
Lower-income countries such as Egypt, Sri Lanka, and Pakistan face heightened fiscal risks, and the IMF expects $20–50 billion in additional emergency support may be needed for affected nations.

With refinery margins collapsing, how long can Indian refiners absorb losses before passing costs to consumers?

How sustainable are India’s government interventions in shielding consumers if oil prices remain high or escalate further?

Are there overlooked vulnerabilities in India’s energy supply chain that could be exposed by further Middle East turmoil?

Could India’s urgent shift away from Middle Eastern oil reshape global energy trade patterns for years to come?

What risks could arise if the new Iranian leadership intensifies regional instability and prolongs global supply disruptions?