Under the Banyan Tree – Asia remittances: a quiet cost from the Gulf | 28 May 2026 | HSBC Global Investment Research

Host: Harold Vaninda (Hong Kong) Guest: Enis Islam (Asian Economist, HSBC Global Investment Research)

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1. Introduction: The Unseen Fallout of the Strait of Hormuz Closure

• Core Premise: While typical economic and financial analyses of the Strait of Hormuz closure focus heavily on energy markets, oil, and fertilizers, the severe impacts on non-oil sectors and the labor force across Asia have been largely neglected [00:00:15], [], [].