Ticker: The day’s business news at a glance
Asia scrambles to conserve energy Asian countries are racing to save energy and shield consumers as the war on Iran disrupts oil and gas flows. Since Feb. 28, shipping through the Strait of Hormuz slowed sharply and energy prices climbed. Experts at the U.N. and other groups warn the shock hit Asia hardest because it depends on imported fuel. Japan tapped stockpiles as gasoline prices rise. South Korea leaned on reserves and expanded coal and nuclear power. China has used big reserves and more renewables, but travel costs are rising. Vietnam, Thailand, Indonesia and the Philippines ...