Asia is caught between a market it cannot afford to buy from and a supply line that will take weeks to restart, in a best-case scenario. Negotiations remain ongoing, though not in person in Islamabad. What lies ahead is a complex, volatile process: posturing, brinkmanship, and game theory playing out across multiple scenarios until one side yields. The path will be messy and could carry major consequences for Asia Pacific economies. Even if access through the Strait of Hormuz progressively normalizes, new loadings face voyage times of three to…
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