Iran War Forces Energy Importers to Turn Inward

New York Times: “The monthslong closure of the Strait of Hormuz is reinforcing an expensive geopolitical lesson about how risky it can be to rely on imported energy.”

“From South America to Southeast Asia, governments and private companies are being forced to look inward and take steps to harness what they can domestically, even when doing so raises upfront costs. Call it the era of me-first energy.”