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Southeast Asia Faces Fuel Shortages Amid Rising Oil Prices

3/29/2026

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Story summary
  • Southeast Asian governments reassured citizens that rising oil prices would have limited impact after Iran bombings.
  • Those reassurances have faltered as fuel shortages emerge.
  • With oil prices above US$100 per barrel, Thailand restarts coal plants.
  • The issue renews talks on the Asean Power Grid linking 11 member states.
  • Analysts say that harnessing hydropower and solar could reduce dependence on imported fossil fuels and boost energy security.