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Energy

Energy
The latest news, analysis and opinion on Energy. In-depth analysis, industry insights and expert opinion.
Chinese drivers queue for fuel ahead of record price increases. Photo: EPA
China energy security

China EV makers gain as Iran war drives up fuel costs

Oil supply disruptions and higher fuel prices due to the closure of the Strait of Hormuz have bolstered the outlook for China’s world-leading electric-vehicle makers.

US, Israel war on Iran

The View | Trump’s energy war over Iran is failing just like his China trade war

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Iran

Video | Iranians sceptical about Trump peace talk claims

The Philippines

Philippines may ground flights to tide over widening jet fuel crisis

President Marcos said ‘long haul is going to be a much more serious problem’ as Manila eyes coal push to keep electricity costs down.

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Cebu Air on Monday said it plans to reduce flights beginning next month because of surging fuel prices. Photo: AFP
China food security

Global South to bear the brunt of Strait of Hormuz crisis amid food scarcity

Commerce chief warns of ‘heavy collateral damage’ in developing economies as flow of oil, fertiliser and perishable goods is restricted.

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Malaysia

Malaysia battles fuel subsidy misuse after viral 71-litre petrol grab

The government blocked a customer from the subsidy scheme to ensure fair access amid rising oil prices and supply fears.

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China-Middle East relations

Opinion | When it comes to the Persian Gulf, China’s top priority is economics

Beijing’s refusal to pick sides between Iran and other Gulf states affirms its strategic positioning rather than a desire to shift paradigms.

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Illustration: Craig Stephens
China exports

The Iran war could widen China’s EV lead over its global rivals. Here’s why

The ‘eye-watering’ surge in oil prices may push consumers around the world to switch to electric cars, boosting Chinese brands, analysts say.

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Diplomacy

Opinion | Look East? South Asia’s fate is far more intertwined with Middle East

Beyond oil, remittances and cultural ties, trade and defence pacts in recent years have added to strategic and security interconnectedness.

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US, Israel war on Iran

What if US ground forces march into Iran? Chinese experts weigh the risks

Seizing Kharg Island may ‘give the US greater leverage to pressure Iran into making concessions’: South China Sea analyst.

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Emergency personnel work at the site of a strike on a residential building, in Tehran on March 16. Photo: via Reuters
Middle East

Drivers in China rush to fill up before biggest petrol price hike this year

Beijing will raise refined oil prices for the fifth time this year at midnight but puts in place a temporary control to reduce the impact.

Motorists queue to fill their tanks ahead of a petrol price adjustment expected on Monday, at a petrol station in Suzhou, in China’s eastern Jiangsu province on Sunday. Photo: CN-STR/AFP
US, Israel war on Iran

‘Getting worse each day’: why Southeast Asia is vulnerable to the fuel crisis

From Laos to Thailand, long queues are forming at petrol stations while residents are reeling from surging fuel prices.

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Iran

Video | Trump issues ultimatum to Iran to reopen Hormuz

The US president says Iran’s energy infrastructure will be targeted if Tehran doesn’t comply with his ultimatum.

US, Israel war on Iran

‘No immunity’: Iran war threatens energy crisis worse than 1970s oil shocks

The boss of the International Energy Agency, Fatih Birol, spoke out as the war grinds into its fourth week.

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Smoke and flames rise at the site of air strikes on an oil depot in Tehran on March 7. Photo: via TNS
Asia housing and property

The View | War-induced interest rate shocks unlikely to upset Asia’s property markets

While monetary tightening would add to affordability pressures, it would have little bearing on the forces driving up prices and rents.

A real estate agent points to the view from a property in Niseko, Japan, on February 20. Photo: AFP
US, Israel war on Iran

Iran war delivers new stress to African economies emerging from older shocks

Afreximbank is implementing measures to give financial help to African countries dependent on fuel imports, bank president says.

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Extreme weather

‘Flashing red’: UN alarmed as heat trapped by Earth hits record high

UN chief warns of a state of emergency as 2015–2025 is confirmed as the hottest decade on record.

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China manufacturing

China developing first tourist submersible for trips 1,000 metres under the sea

The Chinese prototype would enter commercial operation offering adventure-seeking holidaymakers spectacular deep-sea experiences by 2030.

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The U-Boat Worx Super Yacht Sub 3. Chinese engineers are now working on a prototype for the first tourist submersible able to venture as deep as 1,000 metres below sea level. Photo: Handout
Artificial intelligence

What is ‘tokenomics’ and how would China gain the edge in an AI era?

As tokens are positioned as the AI era’s commodity, China’s energy scale and low-cost models could give it a structural edge.

Donald Trump

Cuba says ready for potential US attack as it recovers from latest blackout

A top Cuban diplomat says regime change is off the table as the US pressures the island with a crippling oil blockade.

US, Israel war on Iran

US may need to ‘escalate to de-escalate’ Iran war, Bessent says

US Treasury chief defends massive military ramp-up after Trump set a 48-hour deadline to open the Strait of Hormuz.

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US Treasury Secretary Scott Bessent. Photo: AFP
Vietnam

Vietnam PM visits Russia to sign energy deal amid Iran war disruption

Since the US-Israel war against Iran began, the cost of 95-octane petrol and diesel in Vietnam has soared by 50 per cent and 70 per cent respectively.

Vietnam’s Prime Minister Pham Minh Chinh after attending a session during the World Economic Forum Annual Meeting of the New Champions (AMNC25) in Tianjin on June 25 last year. Photo: AFP
War and conflict

Opinion | Another war, another trade chokepoint crisis. Who is hit the hardest?

Those with narrow trade structures are hit the hardest but those with broad networks of partners, such as China, tend to be more resilient.

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The Philippines

Philippines will allow use of dirtier, cheaper fuel amid US-Iran war

The ‌Philippines has taken steps such as shortening the work week and providing ⁠fuel subsidies to counter the impact of rising costs.

India

Why India faces dilemma over Iran war while seeking ‘diplomatic flexibility’

India has to carefully navigate the fallout from the war, given its huge stakes in the Middle East, analysts say.

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Iranians stand next to damaged residential buildings in southern Tehran on March 15 amid ongoing US-Israeli attacks against Iran. Photo: EPA
Americas and the Caribbean

Cuba rejects ‘shameless’ US request for diesel amid Trump oil blockade

The US embassy in Havana is seeking fuel for its generators even as the rest of the island is plagued by shortages and power outages.

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A man walks down a street in Havana, Cuba, on Thursday. Photo: AFP
War and conflict

Macroscope | Trump’s war is uniting the world, just not how he might have expected

The war on Iran could prompt middle powers to go beyond forming coalitions independent of the US and align more openly with China.

Japan

Iran ready to help Japan ships pass through Strait of Hormuz, Araghchi says

Calling on the world to oppose the attacks against Iran, the foreign minister notes Japan’s ‘balanced and fair’ position.

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