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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Foreign investors sell $12 billion stocks

A ticker and a screen display stock prices at the Bombay Stock Exchange (BSE) building in Mumbai, India, on Thursday, July 31, 2025. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Foreign investors are on track to pull a record $12 billion from Indian equities this March as the Iran war…

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Bitcoin dips below $78,000 after silver selloff

Bitcoin signage in Times Square in New York, Dec. 9, 2025. Michael Nagle | Bloomberg | Getty Images Bitcoin, Ethereum, and Solana slumped on Saturday as retail traders digested a busy market week that saw wild swings in commodities and a long-awaited announcement by President Donald Trump on his choice for the next Federal Reserve…

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Oil, Iran protests, Hang Seng Index, CSI 300

Shanghai’s city skyline as seen from observation deck at Shanghai Tower in China. Qilai Shen | Bloomberg | Getty Images Asia-Pacific markets were set to open higher Monday, tracking Wall Street’s gains after a U.S. job report showed fewer jobs were created in December than expected, while the unemployment rate fell, signaling resilience in the…

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Nikkei 225, Hang Seng Index

SHENZHEN, CHINA – AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images) Vcg | Visual China Group | Getty Images Asia-Pacific markets traded mixed Thursday after Wall Street closed lower amid rising geopolitical tensions and comments from U.S….

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Brent crude, WTI, Nikkei 225, Hang Seng index, oil

The skyline of Tokyo city, Japan. Tomohiro Ohsumi | Bloomberg | Getty Images Asia-Pacific markets were set to open higher Monday, after the U.S. attacked Venezuela and captured its leader Nicolas Maduro on Saturday, while oil prices edged lower amid uncertainty over the oil-rich country and risk premiums. Following the attack, Maduro and his wife,…

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