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The Economic Times

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$100 oil shock set to strain Asias cash-strapped governments

Asia may face inflation pressure as the Middle East conflict pushes oil prices above $100 per barrel. Fitch Ratings warned higher fuel costs could strain government budgets and raise credit risks in emerging markets, including India and the Philippines. Rising import bills, subsidies and weaker currencies may force policy shifts and delay monetary easing.

9 Mar 2026 2:53 pm