Asia braces for worst-case energy scenarios as Iran war drags on
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Asia is preparing for potential worst-case energy scenarios due to the ongoing Iran war. The conflict is reportedly causing energy shocks, with possible impacts on global supply chains and economies, including the US and Europe. The situation is also affecting southeast Asia, where households and governments are struggling with higher energy, transport, and food bills, although the region is also facing a separate challenge from an expected extreme El Niño weather pattern.
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