Southeast Asia’s governments have spent months trying to blunt the effects of war-driven energy shocks from the Middle East, but renewed fighting between the United States and Iran has exposed how limited those defences are, analysts have warned. The latest flare-up has revived fears of a second round of fuel disruption across the region, where many economies remain heavily dependent on imported oil and shipping routes linked to the Gulf. Southeast Asian leaders expressed “grave concern” over...
Sources suggest that the ceasefire can be revived amid a lull in fighting and backroom diplomacy.