Will US sanctions waivers force Asia to choose between short-term Iranian oil and long-term energy independence?

The Strait of Hormuz is essentially closed, and oil prices have surged to around $113 per barrel, leaving Asia’s two largest economies searching for solutions but using quite different strategies. Moscow sounded the alarm Monday as the war in Iran continued to spread. Kremlin spokesman Dmitry Peskov told reporters that tensions in the region keep […]