Yoshinobu Tsutsui, chairman of the Japan Business Federation, or Keidanren, speaks during the Liberal Democratic Party (LDP) convention in Tokyo on April 12, 2026. (Photo by JIJI PRESS / AFP via Getty Images) / Japan OUT

A man sells the popular breakfast roll 'pandesal' in Manila on April 7, 2026.lames in cooking to stay afloat. While sticker shock at petrol stations has garnered the biggest headlines since the war in the Middle East forced the partial closure of the Strait of Hormuz, the rising price of LPG has hit the import-dependent archipelago's humble street food vendors hard. (Photo by Jam STA ROSA / AFP via Getty Images) / TO GO WITH AFP STORY: Iran-War-US-Israel-Philippines-economy-LPG, by Pam CASTRO

Naseema, a five-month pregnant migrant worker gathers firewood from a scrubland near her rented shanty in New Delhi on April 9, 2026. Migrant workers in India's capital reeling from an energy crunch sparked by the Mideast war, are weighing whether to leave New Delhi for good. (Photo by Sajjad HUSSAIN / AFP via Getty Images) / To go with 'India-Politics-Economy-Energy-Migration' FOCUS by Uzmi ATHAR

A man carries trays of the popular breakfast roll 'pandesal' to sell in Makati, Metro Manila on April 7, 2026. Rising liquefied petroleum gas prices are squeezing the already thin margins of Filipino street food vendors, forcing many to absorb costs to keep prices steady in fears of losing customers, while others raise prices or use minimal flames in cooking to stay afloat. While sticker shock at petrol stations has garnered the biggest headlines since the war in the Middle East forced the partial closure of the Strait of Hormuz, the rising price of LPG has hit the import-dependent archipelago's humble street food vendors hard. (Photo by Jam STA ROSA / AFP via Getty Images) / TO GO WITH AFP STORY: Iran-War-US-Israel-Philippines-economy-LPG, by Pam CASTRO

Women cook at a curbside canteen in Manila on April 7, 2026. While sticker shock at petrol stations has garnered the biggest headlines since the war in the Middle East forced the partial closure of the Strait of Hormuz, the rising price of LPG has hit the import-dependent archipelago's humble street food vendors hard. (Photo by Jam STA ROSA / AFP via Getty Images) / TO GO WITH AFP STORY: Iran-War-US-Israel-Philippines-economy-LPG, by Pam CASTRO

People buy food at a curbside canteen in Manila on April 7, 2026. While sticker shock at petrol stations has garnered the biggest headlines since the war in the Middle East forced the partial closure of the Strait of Hormuz, the rising price of LPG has hit the import-dependent archipelago's humble street food vendors hard. (Photo by Jam STA ROSA / AFP via Getty Images) / TO GO WITH AFP STORY: Iran-War-US-Israel-Philippines-economy-LPG, by Pam CASTRO

Women cook at a curbside canteen in Manila on April 7, 2026. While sticker shock at petrol stations has garnered the biggest headlines since the war in the Middle East forced the partial closure of the Strait of Hormuz, the rising price of LPG has hit the import-dependent archipelago's humble street food vendors hard. (Photo by Jam STA ROSA / AFP via Getty Images) / TO GO WITH AFP STORY: Iran-War-US-Israel-Philippines-economy-LPG, by Pam CASTRO

A man bakes trays of the popular breakfast roll 'pandesal' to sell in Manila on April 7, 2026. While sticker shock at petrol stations has garnered the biggest headlines since the war in the Middle East forced the partial closure of the Strait of Hormuz, the rising price of LPG has hit the import-dependent archipelago's humble street food vendors hard. (Photo by Jam STA ROSA / AFP via Getty Images) / TO GO WITH AFP STORY: Iran-War-US-Israel-Philippines-economy-LPG, by Pam CASTRO