The multibillion dollar ramp-up in loans by Asian banks to the Middle East faces growing uncertainty as Iran’s escalating conflict raises the risk of broader financial fallout.
The multibillion dollar ramp-up in loans by Asian banks to the Middle East faces growing uncertainty as Iran’s escalating conflict raises the risk of broader financial fallout.
An Iranian motorcyclist rides past the Gandhi Hospital, which is damaged after U.S.-Israeli strikes on a state TV telecommunication tower nearby in Tehran, Iran, on March 2, 2026. (Photo by Morteza Nikoubazl/NurPhoto via Getty Images)
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