Foreign-exchange reserves are slumping across Asia as policymakers shell out funds to defend their currencies against the spike in oil prices caused by the Iran war. https://www.japantimes.co.jp/business/2026/05/14/economy/war-asian-reserves-philippines-india/?utm_medium=Social&utm_source=mastodon #business #economy #indi #philippines #asia #economicindicators #economy #us #donaldtrump #middleeast #iran #straitofhormuz #oil
