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Asia turns back to coal as Iran war bites
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The energy crisis triggered by the war in the Middle East is forcing Asian countries to turn to coal again, reports the Financial Times.
Asia turns back to coal as Iran war bites
ASIAN economies are ramping up coal consumption and production as the US-Israel war against Iran threatens prolonged disruption to Middle East oil and gas flows, raising fears of an extended regional energy crisis, said the Financial Times. The Strait of Hormuz, through which much of Asia’s liquefied natural gas passes, has slowed to near standstill since strikes on Iran began, sending oil and gas prices soaring, the newspaper said. Thermal coal…
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