Updated
Updated · Bloomberg · Apr 30
ASEAN vows to avoid export bans and advance fuel-sharing scheme
Updated
Updated · Bloomberg · Apr 30

ASEAN vows to avoid export bans and advance fuel-sharing scheme

6 articles · Updated · Bloomberg · Apr 30
  • Philippine Trade Secretary Cristina Roque said the pledge followed a meeting of regional economic ministers on Thursday as Southeast Asia faced oil price surges and supply disruptions.
  • The bloc said it would keep trade open and predictable, explicitly ruling out export bans on essential goods while pressing ahead with plans to share fuel.
  • The measures aim to bolster regional energy security and limit wider economic disruption from the Iran war's impact on oil markets and supplies.
Can ASEAN's fuel-sharing pact survive a prolonged blockade of the Strait of Hormuz?
Is this energy crisis the final push for Southeast Asia to embrace nuclear and renewable power?
Will emergency measures like four-day work weeks prevent widespread economic hardship across the region?
Will nations doubling down on coal create a worse long-term crisis than the current oil shock?
How will the global fertilizer shortage triggered by the war impact Asia's food supply?
Can new small nuclear reactors be deployed fast enough to solve this energy crisis?