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View all search resultsTop officials from across Southeast Asia packed a hectic schedule of back-to-back meetings in Cebu, the Philippines, on Thursday, laying the groundwork for the leaders’ summit while zeroing in on a unified ASEAN response to the Middle East crisis, as fears of a deepening energy crunch hang over the 11-nation bloc.
US President Donald Trump predicted a swift end to the war with Iran as Tehran considered a US peace proposal that sources said would formally end the conflict while leaving unresolved key US demands that Iran suspend its nuclear program and reopen the Strait of Hormuz.
As Prabowo spreads his diplomatic wings and travels the world making deals to secure immediate, future and broader energy needs, the real issue at hand is whether the country's energy transition can take flight as part of a comprehensive strategy once he lands back in Jakarta.
Those most exposed to energy market disruption share a set of structural characteristics: heavy reliance on imported fossil fuels, limited fiscal space and constrained energy systems that make it difficult to switch to alternatives quickly.
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