ASEAN's Energy Dilemma: A Middle Eastern Crisis Far from Home The Association of Southeast Asian Nations (ASEAN) summit in Manila has brought together top diplomats to address a pressing concern: the impact of the Iran war and energy crisis on their economies.
The conflict, though distant, is affecting Southeast Asia's oil dependent nations, threatening stability. The Philippines, for instance, has declared a state of national energy emergency due to soaring fuel prices.
Its reliance on Middle Eastern oil imports puts it at risk from the Strait of Hormuz blockade and rising crude costs.