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View all search resultsIn the wake of the crisis stemming from the closure of the Strait of Hormuz, ASEAN should consider a regional strategic reserve mechanism, coordinated procurement arrangements and emergency energy-sharing frameworks.
Top officials from across Southeast Asia packed a hectic schedule of back-to-back meetings in Cebu, the Philippines, on Thursday, laying the groundwork for the leaders’ summit while zeroing in on a unified ASEAN response to the Middle East crisis, as fears of a deepening energy crunch hang over the 11-nation bloc.
US President Donald Trump predicted a swift end to the war with Iran as Tehran considered a US peace proposal that sources said would formally end the conflict while leaving unresolved key US demands that Iran suspend its nuclear program and reopen the Strait of Hormuz.
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