New Delhi, March 10 -- Many Asian countries, including Pakistan, Vietnam, Thailand, Bangladesh, India and Sri Lanka, announced a slew of measures as the US-Israel war on Iran disrupted energy supplies, threatening economic stability. The measures include curbing government spending, shutting down schools and pushing remote work.

Asian nations that rely heavily on fossil fuel imports from the conflict-hit West Asia region are taking steps to safeguard their domestic markets.

Oil markets remain highly sensitive to the situation due to the strategic importance of the Strait of Hormuz, a narrow shipping route through which roughly one-fifth of the world's crude oil supply passes.

The Pakistan Prime Minister, Shehbaz Sharif, announced more ...