BANGKOK — Asia’s first defenses against energy shocks from the Iran war are running short and a more consequential second wave of impacts is beginning to hit.When the war started, governments scrambled to adapt to the closure of the Strait of Hormuz, a critical artery for energy flowing to Asia. They made difficult trade-offs : saving power at the risk of slowing businesses, prioritizing gas for households at the risk of fertilizer production and dipping into energy stockpiles for temporary relief.But these measures were based on the war lasting only a short time, allowing a quick resumpt…READ FULL ARTICLE
