ADB launches emergency support for countries hit by Iran war fallout

Financial Times: The Asian Development Bank has launched an emergency funding package for countries hard hit by the fallout from the war in the Middle East, and will reverse its curbs on financing of corporate oil purchases.

ADB president Masato Kanda told the FT that Asian and Pacific countries would be the worst affected by volatility in global oil and gas markets since many were net energy importers and the region was also deeply embedded in global trade…