The risk of a substantial rise in oil prices increases with every day that the Strait of Hormuz remains closed. For Asia’s energy-exposed economies, this presents a growing challenge as inflation rises, currencies weaken and external positions come under increasing strain.
Our economists hosted this 30-minute online drop-in briefing examining how Asian economies are managing current pressures and, as global oil reserves dwindle, how prepared they are for a potential further surge in prices towards record levels.
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