"Marcos said the United States-Israeli war on Iran had been felt through higher living costs and threatened livelihoods both in our homelands and amongst our nationals in the Middle East. Marcos said ASEAN, an 11-member bloc that includes the Philippines, Thailand, Singapore and Malaysia, should strengthen coordination and pursue practical collective measures to safeguard a stable energy supply and improve interconnectivity."
"Southeast Asia has been among the regions hardest hit by the conflict and Iran's effective shutdown of the Strait of Hormuz, which has blocked a large portion of the region's supply of oil and natural gas. ASEAN, whose members represent more than 700 million people, is set to issue a joint statement calling for the reopening of the strait and improved crisis communication and coordination, according to a leaked draft seen by multiple media outlets, including The Associated Press and Channel News Asia."
"The bloc's statement will also focus on how member countries can work together on energy and food security, according to the draft. The Philippines has been pushing for ASEAN members to sign a voluntary energy-sharing agreement to shoulder supply disruptions such as those related to the Iran war, as well as pushing for the establishment of an ASEAN power grid to integrate the region's electricity networks by 2045."
Southeast Asian leaders gathered in the Philippines to coordinate a joint response to the fallout from the war on Iran, which has driven energy prices higher across the region. Philippine President Ferdinand Marcos Jr said the conflict has increased living costs and threatened livelihoods for people at home and among nationals in the Middle East. He urged ASEAN to strengthen coordination and pursue practical collective measures to safeguard stable energy supply and improve interconnectivity. Iran’s effective shutdown of the Strait of Hormuz has blocked a large portion of regional oil and natural gas supply. ASEAN is expected to issue a joint statement calling for reopening the strait, improved crisis communication, and cooperation on energy and food security.
Read at www.aljazeera.com
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