🚨#AsiaStocksPlunge

The Iran War: Is Southeast Asia Heading Into Its Next Crisis!..!!🔥⚠️📉

It has been 50 years since the 1973 oil crisis, but Southeast Asia today is facing a very familiar problem. The Iran war is not only a Middle Eastern conflict or a war between the United States, Israel, and Iran. It is becoming an Asian energy shock especially throughout Southeast Asia. The immediate problem is the fuel crisis. But the larger danger is the sequence that might potentially follow: first the energy crisis, then the inflation crisis, then the fiscal crisis, and potentially after that a food and social stability crisis. 

This has been seen before: It is a path-dependent reading of how external shocks have historically moved through the region’s political economy, from the 1973 oil shock and the 1997-98 Asian financial crisis to the 2007-08 food-price crisis, and COVID-19 crisis. This history explains how Southeast Asian governments are already responding to the crisis unfolding today – through subsidies in Malaysia, budget cuts in Indonesia, shorter work arrangements in the Philippines, and fuel-switching in Vietnam.

#IranIsraelConflict 6#USNoKingsProtests #TrumpSeeksQuickEndToIranWar #US-IranTalks $ETH $TAO $META