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Story summary
- Countries in Asia are addressing rising energy costs linked to the US-Israel war with Iran.
- Oil prices rose above $100 per barrel.
- South Korea and Thailand set fuel price caps, and Vietnam plans to remove fuel import taxes.
- In the Philippines, a four-day workweek was introduced to conserve energy.
- Energy Secretary Chris Wright said oil prices will decline once Iran's threat to shipping in the Strait of Hormuz is neutralized.
