Asean Ministers Voice Grave Concern Over Renewed US-Iran Fighting as Hormuz Risks Fuel New Oil Shocks
Updated
Updated · South China Morning Post · Jul 24
Asean Ministers Voice Grave Concern Over Renewed US-Iran Fighting as Hormuz Risks Fuel New Oil Shocks
3 articles · Updated · South China Morning Post · Jul 24
Summary
Asean foreign ministers warned in Manila that renewed US-Iran fighting threatens regional trade, energy and food security, calling for a complete and immediate halt to hostilities across the Middle East.
The concern centers on fresh risks to Strait of Hormuz shipping and Gulf-linked oil flows, which analysts say Southeast Asia cannot fully shield itself from despite months of efforts to blunt war-driven energy shocks.
The ministers said disruption could spread beyond fuel into supply chains, agricultural production and fertiliser availability, exposing how dependent many Southeast Asian economies remain on imported oil and Gulf shipping routes.
The latest flare-up followed the collapse of a truce formalized in June, after Washington and Tehran accused each other this month of violating the ceasefire.