ASEAN ministers warn Middle East war threatens energy security and regional growth | investingLive
ASEAN economic ministers warn Middle East war threatens regional energy security and growth. Strait of Hormuz carries ~25% of global seaborne oil and LNG; over 80% destined for Asia. Freight, insurance and logistics costs rising sharply. Summary: The ASEAN Economic Community Council issued a joint statement on Friday warning that the Middle East war is…