Cebu: Leaders of Southeast Asian nations gathered in the Philippines to address challenges arising from the US-Israel conflict with Iran, as the war has disrupted global energy supplies. Philippine President Ferdinand R. Marcos Jr. emphasized the need for “unity” and “resolve” during the 48th summit of the Association of Southeast Asian Nations (ASEAN).
According to Azerbaijan State News Agency, the summit, hosted in Cebu, provided a platform for leaders to discuss the impact of the Middle East conflict on the region. President Marcos highlighted the profound uncertainty facing their nations and called for ASEAN’s collective wisdom and resilience. He noted that the volatile situation in the Middle East has affected the region, urging leaders to remain adaptable in the face of challenges threatening lifestyles and livelihoods.
The summit marked a significant moment as it was the first time a chief executive globally, President Marcos, imposed an economic emergency in response to the war. He stressed that ASEAN’s work must progress despite the challenges, as the times demand solutions for the benefit of the people and member countries.
Regional tensions have heightened following US and Israeli strikes on Iran, leading to retaliatory actions by Tehran and disruptions in the Strait of Hormuz. Before these events, the strait was a crucial passage for crude oil, with approximately 80% of it heading to Asian markets, primarily China, India, and Japan, according to the International Energy Agency.
Source: Azerbaijan State News Agency