The Iran conflict is prompting a historic shift in Asean’s energy strategy
Asia bears the brunt of oil supply disruption, triggering a move to domestic investment and energy security
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SINCE the outbreak of the Iran conflict in February, much attention has focused on the Middle East and, specifically, its energy infrastructure.
Yet it is Asia – especially Asean – which is experiencing most of the economic repercussions of the crisis.
It is prompting the largest global rethink of energy investment strategy since the energy shocks of the 1970s, as countries in the region try to minimise their exposure to geopolitical vulnerability.
