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Vietnam to tap emergency fund to cool surging fuel prices

Vietnam to tap emergency fund to cool surging fuel prices

Vietnam moved Tuesday to tap an emergency fund to cool surging fuel prices, as the Middle East war has disrupted supplies and sparked long queues at petrol stations across the country. Vietnam initially resisted dipping into its Fuel Price Stabilisation Fund as unleaded gasoline rose 21 percent and diesel spiked

Bangladesh scraps light displays as Mideast war worsens fuel crunch

Bangladesh scraps light displays as Mideast war worsens fuel crunch

Bangladesh has tightened security at filling stations, sent students home and even scrapped light displays for independence and Ramadan celebrations, officials said Monday, as the Middle East war worsens the country's energy crunch. The South Asian nation of 170 million people imports 95 percent of its oil and

Asian economies move to limit Mideast war's impact at home

Asian economies move to limit Mideast war's impact at home

Faced with soaring prices and disruptions to their oil and gas supplies, Asian countries heavily dependent on fossil fuels from the war-struck Gulf are moving to protect their domestic markets. Here are some of the measures being considered to limit the war's impact: - South Korea eyes price

Bangladesh rations fuel as Mideast war deepens energy crunch

Bangladesh rations fuel as Mideast war deepens energy crunch

Bangladesh launched fuel rationing on Sunday as the war in the Middle East deepened an energy crunch, creating long queues at filling stations and boiling over into anger. The country of 170 million people imports 95 percent of its oil and gas needs. Following the US and Israeli attacks on

Myanmar drivers scramble for fuel as Mideast war cuts supply

Myanmar drivers scramble for fuel as Mideast war cuts supply

Snaking queues of vehicles waited in Myanmar for shrivelling petrol supplies on Wednesday, with some gas stations shuttered as fuel stocks dried up due to the war in the Middle East. The US-Israeli attacks on Iran over the weekend and wider war across the Middle East have hampered oil