NEW YORK – When the Strait of Hormuz effectively closed following US and Israeli strikes on Iran, the story from most newsrooms described shocks to oil prices, liquefied natural gas (LNG) supply and supply chains which would eventually normalise. Asean countries should draw a different conclusion. Price and supply shocks have been a regular feature of global energy markets. Asean’s vulnerability is no longer inevitable. Energy sovereignty, industrial competitiveness and economic resilience now point in precisely the same direction: a regional, integrated, decarbonised energy system. READ: PH shift to renewables urged as oil prices face Middle East war risks Much of great power competition has been […]... Keep on reading: Decarbonization now a security, economic imperative for Asean