Asia rushes to boost oil reserves, renewables in response to US-Iran war

Asian countries are racing to raise their oil stockpiling capacity, complete a regional power grid and speed up renewables in response to supply risks laid bare by the US-Iran war.Southeast Asia has been worst hit by the energyimpact,as 80 percent of the oil transported through the Strait of Hormuz from the Gulf flowed to the region before the Iran war began."The most advanced efforts are support for the development of oil stockpiling systems in each…