Asia scrambles to confront energy crisis unleashed by Iran war – with no end in sight

From fuel caps to four-day work weeks, the Middle East conflict has left the world’s top crude oil importing region desperate to shore up suppliesDonald Trump has scrambled in recent days to reassure the world that the economic impact of his war on Iran can be contained.Sure, one of the most important waterways in global trade has, in effect, been shut for almost two weeks – but it might reopen before long. In the meantime, US oil-related sanctions on “some countries” will be lifted. And besides, the entire conflict could be over soon. Continue reading...