Middle East war drives energy crisis across southeast Asia, forcing government intervention

Southeast Asian economies are scrambling to contain the fallout from the escalating Iran war, as surging fuel costs and supply disruptions ripple through power markets and key industries.

The Philippines on Thursday suspended spot electricity sales until further notice, citing fuel supply risks and price volatility. The move, ordered under a state of national energy emergency, aims to cushion consumers from a projected 16% surge in power bills.

The Energy Regulatory Commission...