Taiwanese insurers Cathay Life and Nan Shan Life reviewed Middle East exposure after Iran attacks. Oil surged 13%, then retreated, while risk currencies fell. Banks like Barclays deployed staff to gauge sentiment. $51 billion in Taiwanese funds are exposed to the region. Goldman Sachs plans client calls on oil, risk assets. China is most exposed to Iranian supply disruption.

Dubai airport closed, flights suspended. Stephen Diggle advises reducing China exposure. Michael Langham notes Asia's 80% reliance on Gulf oil. Kenneth Kan drafted guidelines for Dymon Asia Capital. The conflict risks long-term business shifts in Dubai. The impact hinges on sustained oil spikes.