Asian economies are grappling with an energy shock triggered by the ongoing conflict in Iran, which has disrupted oil supplies and caused crude prices to soar. The Asian Development Bank has revised its growth forecast for developing Asia and the Pacific down to 4.7% for this year, while inflation expectations have risen to 5.2%. The crisis has highlighted the region's heavy dependence on Middle Eastern oil, particularly as oil imports fell 30% year-on-year in April to their lowest levels since October 2015. In response, governments are deploying a mix of fiscal measures, including billions in fuel subsidies and trade controls, to shield consumers from rising costs. However, the financial burden is mounting, and several currencies have weakened against the U.S. dollar, reflecting growing economic stress. Countries like China have managed to weather the shock better due to strong reserves and diversified energy sourcing, while others, particularly in South Asia, face significant vulnerabilities. As the situation evolves, the sustainability of current coping mechanisms remains a pressing concern.