World Bank Warns Asia Is Running Out of Money to Fight Energy Shock | HappeningNow.news

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World Bank Warns Asia Is Running Out of Money to Fight Energy Shock

What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Asian countries have responded more aggressively than others to the energy supply…

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The World Bank warned that Asian nations are depleting the financial resources needed to sustain their aggressive response to the current energy supply crunch. The shortage stems from the disruption caused by the United States and Israel’s war on Iran, which has tightened global oil and gas markets. The report cautions that without additional funding, these countries may struggle to maintain energy security measures amid the ongoing shock.

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