Southeast Asian energy chiefs meet amid Iran war, signaling regional supply risk.
Context
What happened: ASEAN energy ministers met in Manila on Wednesday and Thursday to discuss regional energy security amid supply disruptions from the US-Israel war on Iran, including fuel-sharing and power grid integration.
Key numbers: ASEAN GDP over $4.2 trillion.
Why it matters: The Philippines declared a national energy emergency, and Thailand, Vietnam, Indonesia and Cambodia rolled out conservation measures. Analysts say ASEAN lacks EU-style enforcement power, and grid integration faces political and technical hurdles.