Now there's a surprise - don't forget to thank Ivan as you queue in the markets to get you 100 baht Pad Khra Pow - the Ukraine War is so last year. Asia is paying a very heavy price for the Iran Israeli war https://archive.ph/TP6M6 Despite the Ukraine war pushing US sanctions on Russian oil since 2022, Asian countries are now queueing up to purchase energy from Moscow, currently benefitting from a month-long waiver from Washington. Russia made £5 billion from fossil fuel sales in the first fortnight of the Iran war benefitting from both the escalating demand, and the mounting prices. From Bangladesh to Thailand, countries across Asia have opened talks to increase their imports from Russia in order to cope with the prolonged uncertainty surrounding the Strait of Hormuz supplies. As the impact of fuel shortage snowballs, environmental concerns, or diplomatic rivalries, will play second fiddle to survivalist policies. The United States’ allies in Asia are already paying a heavy price for Donald Trump’s war.
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