Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself
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Source: CNBC
Published: 2026-04-09 12:26 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Iran, Energy, Economy & Finance, US Politics, Business & Economy, Asia Pacific
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Snippet:
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?
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