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Will the current oil supply shock hold back the region’s green transition, or accelerate it?
A wind farm in Vietnam.
A surge in global fuel prices following disruptions around the Strait of Hormuz has exposed the extent to which Southeast Asia still depends heavily on imported fossil fuels for its security energy.
Across the region, governments have scrambled to stabilize supply. Coal plants are operating at higher capacity, with emergency measures announced to shield economies from price shocks.
