ASEAN Leaders Seek Strategy to Mitigate Iran War Impacts
ASEAN leaders are meeting in Cebu to address energy shocks from the Iran war. They aim to approve a fuel-sharing pact to secure supplies during the blockade.
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Philippines President Ferdinand Marcos Jr. and ASEAN leaders will meet to coordinate a response to energy shocks from the Iran war. The region faces a blockade of the Strait of Hormuz, which handled a fifth of the world's oil and gas supplies. A unified oil-sharing framework could stabilize a $3.8 trillion economy currently vulnerable to volatile energy imports.
