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Major Asian stock markets suffered sharp declines on Monday as the ongoing conflict involving the United States, Israel, and Iran intensified. According to Al Jazeera, the sell-off deepened as threats between the warring sides raised fears that the war could drag on. Japan’s Nikkei 225 index fell 4.8 percent at the start of trading, while South Korea’s KOSPI index dropped more than 5.5 percent.
The report also noted volatility in global oil prices. Brent crude slipped about 0.8 percent to 111.25 dollars per barrel, while U.S.-traded crude remained nearly unchanged at 98.18 dollars. The market reaction reflected investor anxiety over the conflict’s potential impact on energy supply and regional stability.
The developments underscored how geopolitical tensions in the Middle East are reverberating through Asian financial markets, with investors closely watching for signs of further escalation or diplomatic intervention.
Asian stocks tumble as US-Israel and Iran war sparks investor fears
Asian stock markets fell sharply on Thursday following coordinated attacks on natural gas facilities in Qatar, Iran, and the United Arab Emirates, which deepened turmoil in global energy supplies. Japan’s Nikkei 225 and South Korea’s KOSPI dropped nearly 3 percent, while Brent crude futures surged more than 4 percent to above $112 a barrel, the highest in over a week. The attacks came amid the effective closure of the Strait of Hormuz and ongoing disruptions to Gulf oil and gas exports.
Qatar reported significant damage to its main LNG export facility at Ras Laffan Industrial City after Iranian missile strikes, while its state-run QatarEnergy confirmed fires and further damage at several other sites. The UAE suspended operations at its Habshan gas facility and Bab oilfield after intercepting Iranian missiles, and Saudi Arabia said it thwarted drone and missile attacks on its own energy infrastructure. The escalation followed Iran’s pledge to retaliate for Israeli strikes on its South Pars gasfield.
Analysts warned that even limited physical damage could prolong supply disruptions. The conflict, which began with US-Israeli strikes on Iran on February 28, has already driven oil prices up more than 50 percent.
Asian stocks fall as Gulf energy attacks disrupt supply and push oil above $112
Foreign and economic ministers of the Association of Southeast Asian Nations (ASEAN) have jointly called on world leaders to immediately halt the ongoing war in the Middle East, according to Al Jazeera. They warned that the conflict has already begun to affect Southeast Asia’s economy through rising oil prices and disruptions to trade.
Several ASEAN member states have started implementing measures to counter these economic impacts, including energy conservation, stabilizing domestic markets, and protecting vulnerable sectors such as tourism. The ministers also urged that global energy supply chains remain open and that regional mechanisms be activated to minimize economic losses.
Economic ministers cautioned that Southeast Asia faces heightened risks due to its dependence on global oil and LNG supply routes. They emphasized the need to strengthen supply chain stability, accelerate the transition to renewable energy, and enhance regional cooperation to mitigate future shocks.
ASEAN ministers call for immediate end to Middle East war over economic and energy concerns
Oil prices in Asia showed signs of stabilization on Wednesday morning after recent sharp fluctuations triggered by the outbreak of war in Iran. West Texas Intermediate crude traded at 83.35 dollars per barrel, while Brent crude stood at around 87.88 dollars. Earlier this week, prices had surged to nearly 120 dollars per barrel before easing slightly, though they remain significantly higher than before the conflict began.
The International Energy Agency’s member countries are reportedly discussing a possible plan to release oil reserves to curb prices, but no decision has yet been made. The recent volatility has been linked to regional tensions and disruptions in oil supply routes.
The situation continues to evolve as global markets monitor developments in the Middle East, with energy-importing nations assessing potential impacts on supply stability and pricing trends.
Oil prices steady in Asia after Iran war-driven volatility
According to data from the Air Quality Index (IQAir) released on Sunday, February 22, 2026, at 9:18 a.m., Lahore, Pakistan, recorded the highest level of air pollution in the world. The city’s air quality score reached 390, placing it in the hazardous category. Dhaka, the capital of Bangladesh, ranked second with a score of 250, indicating very unhealthy air conditions. Kolkata, India, followed in third place with a score of 218, also classified as very unhealthy.
The IQAir index categorizes air quality based on numerical scores: 0–50 is considered good, 51–100 moderate, 101–150 unhealthy for sensitive groups, 151–200 unhealthy, 201–300 very unhealthy, and above 301 hazardous. The latest readings highlight severe air pollution across major South Asian cities, with Lahore’s air quality reaching a dangerous level and Dhaka’s remaining critically poor.
The report underscores persistent air quality challenges in the region, signaling ongoing health and environmental risks for urban populations if pollution levels remain high.
Lahore tops global air pollution index, Dhaka ranks second with very unhealthy air
India and Pakistan’s cricket relations have sharply deteriorated since their four-day cross-border conflict in May 2025. The tension resurfaced during the T20 World Cup and Asia Cup, where political overtones overshadowed the matches. The controversy began when India’s Suryakumar Yadav refused the customary handshake with Pakistan’s Salman Ali Agha, citing the April 22 attack in Indian-administered Kashmir. The Indian team later avoided post-match handshakes, and Pakistan protested against match referee Andy Pycroft, delaying their next game.
Subsequent encounters saw heated exchanges, symbolic gestures referencing the May conflict, and mutual complaints to the International Cricket Council (ICC). The Asia Cup final escalated tensions further when India refused to accept the trophy from Pakistan’s Mohsin Naqvi, who is also the Asian Cricket Council president and Pakistan’s interior minister. The ICC later fined several players, including Yadav and Haris Rauf, for breaching its code of conduct.
The political strain extended to the T20 World Cup, with Pakistan initially announcing a boycott of its February 15 match against India in solidarity with Bangladesh, before reversing the decision after appeals from other cricket boards.
India-Pakistan cricket ties sour after conflict, handshake boycott, and political disputes
The global footballers’ union FIFPRO has called on the Asian Football Confederation (AFC) to eliminate disparities between men’s and women’s football by ensuring equal conditions, rules, and prize money. The appeal comes ahead of the Women’s Asian Cup, set to begin in March 2026 in Australia. In December last year, FIFPRO sent a letter to the AFC signed by players from seven of the twelve participating teams, requesting that 30 percent of the prize money be distributed directly among players.
FIFPRO also submitted a four-point framework aimed at accelerating professionalism in women’s football. According to its report titled “Opportunities of the AFC Women’s,” the upcoming tournament could generate around 82.4 million US dollars, marking a new milestone for women’s football in Asia. The report highlights that many female players in the region still face low pay and limited access to medical and professional support.
FIFPRO’s Asia-Oceania Secretary General Shoko Suji stated that the 2026 Women’s Asian Cup could serve as a defining opportunity to set new standards for valuing and supporting female athletes.
FIFPRO calls on AFC to ensure equal prize money for men’s and women’s Asian Cups
The upcoming 2026 T20 World Cup, once expected to be a global cricket celebration, has been clouded by political tensions in South Asia. Disputes among India, Pakistan, and Bangladesh have disrupted the festive atmosphere before the tournament begins. India refused to play in Pakistan during the Champions Trophy, prompting Pakistan to decline matches in India. Bangladesh protested the removal of Mustafizur Rahman from the IPL and requested to move its World Cup matches to Sri Lanka, citing safety concerns. The ICC, reportedly influenced by India, rejected the request and replaced Bangladesh with Scotland.
Amid the turmoil, Pakistan announced it would not play India even at a neutral venue, intensifying the crisis. The political storm has cast uncertainty over the entire tournament, which had been fully prepared with venues, schedules, and broadcast plans. Cricket fans across the region now fear that politics may overshadow the sport’s spirit.
The article concludes that despite the tension, there remains hope that once the games begin, attention will return to cricket’s beauty and unity, rather than division.
Political disputes threaten to overshadow the 2026 T20 World Cup in South Asia
Columnist Mahmudur Rahman argues that India has become increasingly isolated in global and regional politics following its military and diplomatic setbacks. He describes how India’s dominance in South Asia, once symbolized by its size and economic power, has eroded after Pakistan’s technological and strategic advances, particularly in the 2025 air conflict. The article claims that Pakistan, with Chinese support, achieved notable success using advanced digital warfare tactics, while India suffered significant losses and international embarrassment.
Rahman writes that the United States, China, and Russia have reassessed their positions toward South Asia, with Washington reportedly recognizing Pakistan’s victory in the brief conflict. He contends that India’s Prime Minister Narendra Modi’s Hindu nationalist policies and strained foreign relations have further isolated the country. The author also criticizes Bangladeshi political parties for maintaining fear-driven policies toward India despite shifting geopolitical realities.
The piece concludes by praising Bangladesh’s interim government under Muhammad Yunus for taking a firm stance against Indian influence and urges younger political leaders to maintain independence in foreign policy.
Mahmudur Rahman says India faces isolation after 2025 air war and shifting South Asian power balance
Sheikh Joaad bin Hamad Al Thani of Qatar has been elected as the new president of the Olympic Council of Asia (OCA). The election took place in Tashkent, Uzbekistan, during the OCA’s 45th annual general assembly. Sheikh Joaad was chosen with the representatives’ support after Ranbir Singh stepped down due to health reasons. He will serve as president until 2028. Before his election, Sheikh Joaad was the president of the Qatar Olympic Association and senior vice president of the OCA.
During the same meeting, Asian Archery Federation president and Bangladesh Archery Federation founding general secretary Kazi Rajib Uddin Ahmed Chapol met Sheikh Joaad. In their courtesy meeting, Sheikh Joaad assured continued support for the growth of archery across Asia. Rajib Uddin said discussions included archery’s role in the upcoming Asian Games and cooperation between OCA and World Archery Asia for the sport’s development.
Sheikh Joaad also invited further discussions and collaboration on archery initiatives in Qatar, signaling potential regional cooperation in the sport’s advancement.
Sheikh Joaad of Qatar elected OCA president, vows support for Asian archery growth
Indian External Affairs Minister Subrahmanyam Jaishankar publicly shook hands with Pakistan’s National Assembly Speaker Ayaz Sadiq in Dhaka on the last day of 2025. The two met during the funeral of former Bangladeshi Prime Minister Khaleda Zia, attended by several South Asian leaders. The gesture, made in the presence of diplomats, contrasted sharply with recent refusals by Indian cricket teams to shake hands with Pakistani players.
Analysts in Pakistan described the handshake as a rare sign of warmth in long-frozen relations, while some Indian commentators downplayed its significance. The meeting followed months of heightened hostility, including a deadly attack in Kashmir, India’s suspension of the Indus Waters Treaty, and a brief air conflict in May 2025. Former Pakistani ambassador Sardar Masood Khan called the handshake a diplomatic signal that likely had high-level approval, though he cautioned that major obstacles remain.
Experts suggested that limited dialogue and confidence-building measures could help stabilize ties. However, persistent mistrust and India’s tougher stance since 2019 make any near-term reconciliation uncertain.
Jaishankar’s handshake with Pakistan’s Sadiq in Dhaka hints at rare diplomatic thaw
A recent editorial cartoon published in Pakistan’s influential English-language daily *Dawn* has stirred new diplomatic discussions across South Asia. The cartoon, released on December 21, 2025, depicts Indian Prime Minister Narendra Modi standing before a large tiger labeled “Bangladesh.” Analysts interpret the image, drawn by artist Rohait Bhagwant, as symbolizing Bangladesh’s growing confidence and shifting dynamics in its relationship with India. The artwork quickly went viral on social media, prompting debates about regional power balances.
In response, a youth leader from Pakistan’s ruling Pakistan Muslim League–Nawaz (PML–N) issued a strong warning to India. Kamran Saeed Usmani stated in a video message that Pakistan’s military and missiles are ready to defend Bangladesh’s sovereignty if threatened. He further accused India of pursuing an “Akhand Bharat” agenda and proposed a military alliance between Pakistan and Bangladesh. Analysts caution that any such alignment could significantly alter South Asia’s strategic equilibrium, signaling renewed regional tension.
Dawn cartoon on Modi and Bangladesh triggers sharp political reactions and regional tension
Fresh fighting erupted along the Thailand-Cambodia border early Monday, raising fears of derailing ongoing diplomatic efforts to restore peace between the two neighbors. The clashes, which began on December 8, have already claimed at least 40 lives and displaced nearly one million people on both sides. ASEAN foreign ministers are meeting in Malaysia to discuss ways to revive a ceasefire originally brokered in July under U.S. mediation.
Cambodia’s Defense Ministry accused Thailand of launching four bomb attacks in Banteay Meanchey province and using toxic gas in the Preah Chan area. Thai media reported artillery exchanges in Sa Kaeo province, though Bangkok has yet to issue an official statement. Cambodian media said shelling in Battambang injured at least one civilian.
The renewed hostilities come as both governments trade blame, complicating ASEAN’s mediation efforts. Observers warn that without restraint, the conflict could destabilize regional security and disrupt cross-border trade, while humanitarian agencies struggle to assist the displaced populations.
Border clashes between Thailand and Cambodia threaten ASEAN peace efforts and displace thousands
A World Bank report released on November 24 warns that by 2030, around 90% of South Asia’s population will be exposed to extreme heat, while one in four people will face flood risks. The report highlights that rising salinity in water and soil will make life increasingly difficult in coastal areas. It criticizes current climate adaptation measures as low-cost and largely symbolic, noting the lack of substantial government initiatives. Jean Pem, World Bank Division Director, emphasized that Bangladesh is facing severe environmental challenges, which could worsen unless early disaster warning systems, smart agriculture, and adaptation budgets are expanded. Siddhartha Sharma, the Bank’s Chief Economist for South Asia, added that Bangladesh’s climate response remains slow, urging stronger collaboration between public and private sectors to accelerate action against the growing climate crisis.
World Bank warns 90% of South Asians may face extreme heat by 2030 due to weak climate action
As winter returns to South Asia, markets fill with fresh water chestnuts, a seasonal fruit celebrated for its crisp texture and remarkable nutritional value. Rich in potassium, manganese, copper, vitamin B6, and antioxidants, water chestnuts support heart health, brain function, and immunity—especially vital during the cold season. The fruit’s complex carbohydrates provide sustained energy without spiking blood sugar, making it ideal for students, athletes, and professionals. High fiber content aids digestion and prevents constipation, while its hydrating nature helps maintain electrolyte balance. Low in calories and high in fiber, it also supports weight management. Antioxidants and vitamin E contribute to healthier skin and hair, and its low glycemic index makes it safe for diabetics when consumed in moderation. Whether eaten raw, boiled, or as flour, water chestnuts remain a versatile, gluten-free, and nutrient-dense food choice for winter wellness.
Water chestnut hailed as South Asia’s winter superfood for heart, immunity and hydration benefits
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