The Middle East conflict, and Iran’s shuttering of the Strait of Hormuz, has thrown the world into its worst energy crisis in decades. Southeast Asia, which relies on the region for over half of its oil and liquefied natural gas imports, has been particularly hard hit, with governments frantically looking for alternative sources of oil and gas.
The answer is coming from Russia, a onetime pariah that’s now receiving a steady flow of interest from Southeast Asian leaders desperate for crude oil that’s not stuck behind the blocked Strait of Hormuz.
