00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Countries across South Asia imposed emergency measures to manage energy shortages caused by the Iran war, according to Axios.
00:09Governments closed universities, shortened work weeks, capped prices, and restricted business activity to reduce demand.
00:16Bangladesh shut universities, Pakistan closed schools and cut work weeks,
00:21and the Philippines ordered some government staff to work four days.
00:24India faced shortages, hoarding, and business shutdowns, with Mumbai hotel closures compared to a second COVID-19 lockdown.
00:32J.P. Morgan expects supply cuts to approach 12 million barrels per day.
00:37Europe is considering price caps, and Japan began a record oil release to stabilize domestic supply.
00:42The 2020s have brought a pandemic, Russia's invasion of Ukraine, resulting inflation, and Trump's Liberation Day,
00:49tariffs that disrupted markets and alarmed countries.
00:52For all things money, visit Benzinga.com.
Comments