Oanh Ha

So what happens if there's ongoing uncertainty or disruption at the Strait of Hormuz?

Should we do helium?

Now, I want to shift to interest rates for a bit.

Japan's wholesale inflation accelerated in May at its fastest pace in three years, and its producer price index also surged to 6.3%.

It was quite high.

That puts a lot of pressure on the Bank of Japan to hike interest rates.

And across Asia, you are seeing countries raising their inflation projections and pushing interest rates higher.

What do you think would be the broader impact of prolonged inflation across Asia

And what does it mean for U.S.

consumers?

After the break, why we may not yet have seen the full extent of damage caused by the closure of the Strait of Hormuz and how the fallout from the war is reshaping Asia's relationship with the rest of the world.

The supply shock caused by the closure of the Strait of Hormuz is arguably the biggest ever.

But by draining reserves, finding workarounds, and managing demand, governments have tried to shield their citizens from the pain, or delaying it, at least.

Even if the Strait does open this weekend, Bloomberg's Joe Weisenthal and Tracy Alloway say that pain might still be coming.

Richer countries will be able to spend to ease it.

But poorer countries in Asia don't have those resources.

And that could spell trouble for everyone.

You guys spoke with a former farmer, Lorcan Kelly, on one of your recent episodes.

You know, across Southeast Asia right now, farmers are now skipping this planting season.

Yes.