World Bank Warns Asia Is Running Out of Money to Fight Energy Shock
Asian countries have responded more aggressively than others to the energy supply crunch caused by the U.S. and Israeli war on Iran and now they are running out of resources to continue their response, the World Bank warned in a new report. The report actually focuses on the potential of artificial
Source: OilPrice.com
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DW NOTE
The World Bank is warning about fiscal exhaustion in Asia while WTI sits at $89 and the Strait of Hormuz has been effectively shut for a week. If Asian governments are running out of money to cushion an energy shock that hasn't fully materialised yet, they weren't serious about energy security to begin with — they were serious about subsidies.