Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself

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The Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the crisis three decades ago is unlikely.

Source: Cnbc.com

Original source: https://www.cnbc.com/2026/04/09/asia-iran-oil-shock-1997-crisis-comparison-reserves-stagflation-hormuz-trump.html

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