This war threatens to seriously fuck over our economy. Beyond just crude oil and gas, a lot of our trade goes through the gulf and we receive a large amount in remittances from the gulf each year. Ideally a prolonged conflict and increased oil prices will get us to speed up our transition away from oil and gas wherever we can to reduce our exposure to such risks but the volatility caused by said prolonged conflict will hamper that anyhow. Overall just a fucked situation for most Asian economies.
szopatoszamuraj on
Im curious as to how much the current conflict will affect China as well. They still require a lot of oil and trade heavily with the gulf states as well.
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[archive link](https://archive.is/20260312083252/https://www.ft.com/content/f7c743e1-7bfd-42c4-9f9f-d9545f9c6a06)
This war threatens to seriously fuck over our economy. Beyond just crude oil and gas, a lot of our trade goes through the gulf and we receive a large amount in remittances from the gulf each year. Ideally a prolonged conflict and increased oil prices will get us to speed up our transition away from oil and gas wherever we can to reduce our exposure to such risks but the volatility caused by said prolonged conflict will hamper that anyhow. Overall just a fucked situation for most Asian economies.
Im curious as to how much the current conflict will affect China as well. They still require a lot of oil and trade heavily with the gulf states as well.