Iran War Hurts ASEAN, But It Still Needs the US

Washington retains its centrality in the emerging architecture of deterrence to China …


By: Manuel L. Quezon III

Moribund markets roared back to life in Southeast Asia with the news on April 7 of a US-Iran two-week ceasefire. Days ahead of the ceasefire, even a hitherto big Donald Trump booster like the Hoover Institution’s Niall Ferguson had concluded: “Time is not on the side of an overstretched hegemon, because the economic costs of war …