When the oil runs dry: What next for globalization as Asia bears brunt of Iran war?

Are we staring at globalization's biggest turning point since the end of the Cold War? With Asia feeling the pain of Donald Trump's war against Iran, with steadfast US allies like the Philippines forced to declare an energy emergency, there's the immediate chain reaction for the nations that manufacture a good part of the stuff we buy here in the West and the boomerang effect for the rest of the planet.