Asia braces for second wave of energy shocks from Iran war

AI Summary

Asia is preparing for a potential second wave of energy shocks stemming from the ongoing U.S.-Iran war. Countries are faced with critical energy policy decisions as they balance power savings with the risk of slowing economic growth.

Governments made difficult trade-offs: saving power at the risk of slowing businesses, prioritising gas for households at the risk of fertiliser production and dipping into energy stockpiles for temporary relief