04-July-2026
Corporate News
 
Energy-hungry Asia is already drawing lessons from Iran crisis
04-Jul-2026

There is still no lasting peace deal in the Persian Gulf, but energy-hungry Asia is already drawing energy lessons from four months of war: it needs bigger buffers, a greater diversity of fossil-fuel suppliers, and a better mix of power sources overall. Flows of oil and natural gas have been returning to normal and prices have tumbled since an interim US-Iran accord was signed last month that pried open the Strait of Hormuz, relieving the immediate sense of crisis.

News Source:- https://economictimes.indiatimes.com/news/international/world-news/energy-hungry-asia-is-already-drawing-lessons-from-iran-crisis/articleshow/132174761.cms