There is still no lasting peace deal in the Persian Gulf, but energy-hungry Asia is already drawing energy lessons from four months of war: it needs bigger buffers, a greater diversity of fossil-fuel suppliers, and a better mix of power sources overall.
Flows of oil and natural gas have been returning to normal and prices have tumbled since an interim U.S.-Iran accord was signed last month that pried open the Strait of Hormuz, relieving the immediate sense of crisis.
But the consequences of the historic shock still stand to be far-reaching. Policymakers are recalibrating their energy priorities ¡ª and nowhere more so than Asia, a key consuming region for Middle Eastern oil and gas.
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