{"id":1635,"date":"2026-06-17T20:41:34","date_gmt":"2026-06-17T20:41:34","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=1635"},"modified":"2026-06-17T20:41:34","modified_gmt":"2026-06-17T20:41:34","slug":"the-iran-war-exposed-southeast-asias-energy-vulnerability-now-its-import-bill-could-triple-to-245-billion","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=1635","title":{"rendered":"The Iran war exposed Southeast Asia\u2019s energy vulnerability. Now its import bill could triple to $245 billion"},"content":{"rendered":"<div>\n<p>An overreliance on oil and gas transported through\u00a0the Strait of Hormuz\u00a0left the region particularly vulnerable to shocks from the Iran war, a \u201cstark wake-up call\u201d for its energy security, the report says.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=1633\">Kevin Warsh\u2019s first Fed meeting sees rates hold steady and makes outright promise to deliver price stability\u2014but don\u2019t expect many details on when<\/a><\/p>\n<p>It notes that rising sales of\u00a0electric vehicles, a renewed interest in\u00a0nuclear power\u00a0and a boom in rooftop solar and other\u00a0renewable energy installations\u00a0show that the war is spurring change.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>But more sweeping reforms are needed. Otherwise, Southeast Asia\u2019s energy import bill could rise to $245 billion by 2035, tripling from $80 billion in 2024, the report warns.<\/p>\n<p>\u201cDiversification of energy sources and supply routes is now a central priority,\u201d said\u00a0Fatih Birol, the IEA executive director.<\/p>\n<h4>Iran war exposes Southeast Asia\u2019s energy risks<\/h4>\n<p>The\u00a0energy shock\u00a0sent Southeast Asia into a state of\u00a0energy triage, leading to higher energy bills and rising inflation.<\/p>\n<p>In a likely setback for efforts to phase out dependence on fossil fuels, the conflict has reinforced the need to rely on coal during times of energy crisis, the IEA said.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>The war is also furthering plans for nuclear power in Southeast Asia, but yearslong construction and regulatory processes remain. Indonesia, Vietnam and the Philippines may be the furthest along with nuclear power plans, but their timelines are uncertain.<\/p>\n<p>\u201cThis energy shock is prompting not just the short-term responses. But a deeper reassessment of policy priorities and investment strategies by governments,\u201d said Sue-Ern Tan, head of the IEA Regional Cooperation Centre in Singapore.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<h4>Do-it-yourself approaches an option<\/h4>\n<p>In the Philippines, which declared a\u00a0national energy emergency, consumers have turned to\u00a0rooftop solar at record rates, as a quick, do-it-yourself solution to rising utility bills.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>\u201cThis is the first time I\u2019ve seen a demand shock of this magnitude,\u201d said Ivan Cano of the Manila-based solar company EcoSolutions.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>The Philippines became the second-largest destination for\u00a0Chinese solar exports\u00a0in the first quarter of 2026, the IEA found. Imports were around three times higher than the same period last year.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=1631\">\u2018I have nothing to lose\u2019: Perplexity CEO says fear of failure is \u2018the stupidest thing\u2019 holding you back<\/a><\/p>\n<p>Consumers have also driven a shift in Southeast Asia\u2019s transportation industry.<\/p>\n<p>Electric vehicle sales more than doubled in 2025 to around half a million units, according to the IEA, which found that one in five cars sold regionally is electric.<\/p>\n<p>Last month, Laos banned the import of fuel-powered vehicles for the rest of 2026 to cut oil imports and encourage the shift to EVs.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>\u201cThe IEA report clearly highlights that Southeast Asia is at a crossroads,\u201d said Sam Reynolds of the U.S.-based Institute for Energy Economics and Financial Analysis, or IEEFA.<\/p>\n<p>Despite the\u00a0tentative deal\u00a0to\u00a0end the Iran war, fossil fuel prices will likely remain high which means \u201cwe will see a push towards more ambitious clean energy deployment,\u201d Reynolds said.<\/p>\n<h4>IEA says reducing fossil fuel demand is key<\/h4>\n<p>To overcome its weaknesses, Southeast Asia needs to reduce its overall demand for imported fossil fuels, the IEA said.<\/p>\n<p>It suggests making\u00a0national grids\u00a0more efficient and boosting investment in all forms of renewable energy, such as solar, wind, hydro and geothermal power.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>The IEA also recommended prioritizing regional energy sharing initiatives like the Association of Southeast Asian Nations Power Grid. The wake-up call from this energy crisis will hopefully help neighboring nations overcome the political barriers that have hindered the project, Birol said.<\/p>\n<p>\u201cThe Middle East conflict is both a stress test of Southeast Asia\u2019s current energy system and a catalyst to accelerate structural change,\u201d the report said.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>___<\/p>\n<p>The Associated Press\u2019 climate and environmental coverage receives financial support from multiple private foundations. The AP is solely responsible for all content. Find AP\u2019s\u00a0standards\u00a0for working with philanthropies, a list of supporters and funded coverage areas at\u00a0AP.org.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=1629\">One of the most powerful El Ni\u00f1os on record cost the world economy $5.7 trillion. The 2026 cycle might be even stronger<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A new IEA report finds the Iran war exposed the region&#8217;s overreliance on Strait of Hormuz oil \u2014 and is now accelerating solar, EVs and nuclear.<\/p>\n","protected":false},"author":1,"featured_media":1634,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[292],"tags":[],"class_list":["post-1635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Iran war exposed Southeast Asia\u2019s energy vulnerability. Now its import bill could triple to $245 billion - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=1635\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Iran war exposed Southeast Asia\u2019s energy vulnerability. 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