ASEAN Calls For Hormuz Passage, Warns Rising Food Bill
Jakarta. ASEAN has called for uninterrupted passage through the Strait of Hormuz, as its chair Manila draws attention to the food catastrophe that can result from the waterway's prolonged closures.
Southeast Asian leaders, including President Prabowo Subianto, have gathered in Cebu for a summit amid the months-long war in Iran.
Speaking at the plenary session, Philippine President Ferdinand Marcos Jr. mentioned ASEAN’s “serious concerns” over the escalation of conflict, and its damage to energy and essential goods flows.
“Against this backdrop, we come together guided by ASEAN’s longstanding commitment to peace and the collective positions expressed by each ASEAN member state,” Marcos told the live-broadcast conference on Friday.
“... [including] the restoration of safe, unimpeded, and continuous transit passage in the Strait of Hormuz.”
The horrors stemming from the Hormuz standoff are not limited to oil price hikes. The trade disruptions had “quickly affected food prices and supply, especially fertilizers, and subsequently the welfare of our people”, according to Marcos.
Manila wants to see stronger intra-ASEAN trade while highlighting the need to build capacity to fortify food systems.
Like all ASEAN meetings, the leaders proceeded to continue their discussions behind closed doors. Prabowo is expected to deliver Indonesia’s national statement, but the government will likely publish an overview of Jakarta’s stance later.
Marcos’ comment came not long after the US and Iran traded fire in the Strait of Hormuz despite a ceasefire, with each side claiming the other had shot first. About a third of the world’s fertilizer supply transits through the narrow waterway. The World Bank expects its fertilizer index to skyrocket 31% in 2026 as the clashes drag on. At home, Indonesia is slashing the price of its subsidized fertilizers by 20%.
On food, Indonesia’s senior economic minister Airlangga Hartarto had recently told reporters that the group was mulling setting what he called “strategic food reserves” ahead of the Cebu talks. These reserves will also help ASEAN safeguard its crops against the drier conditions of El Niño. Airlangga signaled that members will jointly stockpile food supplies -- including rice -- so they can help one another.
The Southeast Asian grouping already has a regionwide rice reserves mechanism in partnership with China, South Korea, and Japan. This mechanism, known as the ASEAN Plus Three Emergency Rice Reserve (APTERR), has existed for more than a decade, with its agreement inked in 2011.
The fighting erupted after the US and Israel launched wide-ranging strikes on Iran on Feb. 28. Tehran quickly retaliated with drones that also hit US allies in the Gulf, on top of blocking the Strait of Hormuz. Two Indonesian oil tankers are also still waiting for their Hormuz passage.
Tags: Keywords:Related Articles
Drone Strike Sparks a Fire Near UAE's Nuclear Power Plant
Iran has been increasingly threatening the UAE over recent days as the country hosted Israeli Iron Dome missile defenses and troops.Wars Cost Trillions of Dollars, Indonesia Tells BRICS
In a meeting joined by UAE and Iranian officials, Indonesia reminds BRICS that "the cost of war is ultimately the cost of lost opportunity."Trump-Xi Meeting Opens in Beijing With Low Expectations on Trade, Security
Trump met Xi in Beijing as both sides opened talks, with little expectation of breakthroughs on Iran, Taiwan and trade.Timor-Leste Wants to Chair ASEAN in 2029
Timor-Leste wants to chair ASEAN in 2029, about four years after the group brought Dili into its fold.ASEAN Wants to Share Fuel ASAP, but So Much Work to Be Done
Philippine President Ferdinand Marcos Jr. says that ASEAN still needs to work on the operational details of the fuel-sharing mechanism.Prabowo Says Private Sector Shouldn’t Handle Agriculture Alone
Prabowo tells his ASEAN counterparts that agriculture is the "primary responsibility of the government".Indonesia Warns ASEAN to Prepare for Worst-Case Energy Scenario
ASEAN must prepare renewable energy sources, Indonesia says as the Iran war-related disruptions could be "long-term".ASEAN Calls For Hormuz Passage, Warns Rising Food Bill
ASEAN is worried that the prolonged closure of the Hormuz strait can make food more expensive.Indonesia Welcomes Myanmar Ex-Leader’s Move to House Arrest
Indonesia says that Myanmar ex-leader Aung San Suu Kyi's transfer to house arrest is a "progress toward a positive trajectory".Prabowo Uses Pindad’s Maung for First Overseas Appearance at ASEAN Meeting
Prabowo arrives at the ASEAN Summit in Cebu using Indonesia-made Maung vehicle in its first overseas presidential appearance.The Latest
Indonesian Authorities Seize Vessel, Barges, and Tank Trucks in Fuel Fraud Probe
Indonesian police seized vessels and fuel trucks linked to an alleged illegal subsidized diesel distribution network.Jakarta Looks to Danish Model to Tackle Jakarta's Waste Crisis
Jakarta is adopting lessons from Denmark to improve waste management, with mandatory household waste sorting set to expand.Qatar and Indonesia Want to Be Defense Industry Partners, No Contract Yet
Indonesia says there are plans for a defense industry cooperation with Qatar, but they are not bound to a contract yet.Manufacturing Recovery Fuels JCI's 1.11% Gain
JCI rose 1.11% on Tuesday as manufacturing activity returned to growth and inflation remained within target.Nadiem Maintains Innocence in Chromebook Corruption Trial
Nadiem Makarim says the Chromebook procurement followed all procedures and caused no state losses in his corruption trial.Most Popular
