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Mainstream Foreign Policy 1 days ago

Southeast Asian Leaders Tackle Iran War Vulnerabilities

Leaders of the Association of Southeast Asian Nations (ASEAN) convened a scaled-down summit in Cebu, Philippines, focusing on the economic and security vulnerabilities exposed by the ongoing Iran war. The 11-member bloc agreed to accelerate the implementation of a long-standing emergency fuel-sharing pact, originally signed in 2009 but never enforced, aiming to create a regional power grid and fuel stockpile to mitigate future market shocks. The summit underscored the urgent need for collective resilience amid rising fuel costs and global economic instability triggered by the conflict. Philippine President Ferdinand Marcos Jr., the summit host, emphasized the lasting damage the Iran war has inflicted on critical infrastructure and regional trust. Indonesian President Prabowo Subianto highlighted the importance of proactive measures, including diversifying crude oil sources and promoting green technologies such as electric vehicles and civilian nuclear energy research. These initiatives reflect ASEAN’s commitment to reducing dependency on volatile external markets and enhancing energy security. Beyond energy concerns, ASEAN pledged to strengthen maritime security cooperation by establishing a center to monitor illegal fishing, smuggling, and human trafficking in the strategically sensitive South China Sea. This move aims to prevent the disputed maritime region from escalating into broader conflict, safeguarding vital trade routes and regional stability. The summit’s outcomes signal a shift toward greater regional integration and preparedness in the face of geopolitical uncertainties. The ASEAN summit’s “bare bones” approach, marked by a focus on pragmatic solutions rather than ceremonial grandeur, reflects the bloc’s recognition of the Iran war’s far-reaching impact on Southeast Asia. By prioritizing energy resilience and maritime security, ASEAN seeks to fortify its collective capacity to withstand external shocks and maintain regional peace amid a volatile global landscape.

Original story by Foreign Policy View original source

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