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Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself
A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again? The parallels are hard to ignore. Asian currencies are under pressure, fueling the risk of capital outflows. Spiking energy costs have pushed governments to […]
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World
European stocks set to soar after U.S.-Iran ceasefire deal
Traders work on the floor of the New York Stock Exchange during morning trading on April 02, 2026 in New York City. Michael M. Santiago | Getty Images LONDON — European stocks are expected to open sharply higher on Wednesday after the U.S. and Iran agreed to a conditional ceasefire deal. The U.K.’s FTSE 100 […]
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