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Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself

Apr 9, 2026CNBC Markets

The Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the crisis three decades ago is unlikely.

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Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself | Atlantis News