Philippines proclaiming an energy emergency. India powering down factories. Pakistan closing schools. The developing world is absorbing some of the worst fallout from the Iran war, with harsher and more lasting economic shocks looming on the horizon.
www.eenews.net/articles/ira...
eenews.net
Iran conflict cuts deep in places that can least afford it
Debt-stressed developing countries are the most vulnerable to soaring oil prices.