Asia's Energy Crisis: Fiscal Time Bomb

Asias Energy Crisis: A Looming Fiscal Time Bomb - The region is grappling with a second wave of energy chaos due to the Iran war, leading to a shutdown of the Strait of Hormuz. Governments are struggling to maintain oil and gas flows, resorting to quick fixes like tapping stockpiles and cutting power. However, these measures are proving insufficient as buffers dry up rapidly. Countries like India, Thailand, and Vietnam are implementing drastic measures to stretch supplies, impacting businesses and the middle class. Experts warn of a fiscal time bomb, with potential backlash from subsidy cuts or increased borrowing. The crisis is reshaping energy plans and could leave deep scars, even if the war ends.

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