Chips Act II

Great powers threaten ASEAN, Indian refiners pay for oil in Chinese yuan, Dutch ASML export restricts global supply chain, China de-risk on rare elements, Haass - "US in real danger, from itself"

UPDATE: As great power rivalry casts its long shadow over Southeast Asia, the imperative of regional unity grows more urgent. Yet diversity, divisions and disputes remain consequential features of the region that pose a significant threat to unity.

Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct kno…