The annual meeting of the Association of Southeast Asian Nations (ASEAN), to be held in Cebu on Friday, comes amid mounting pressure on member states following the closure of the Strait of Hormuz, a key transit route for the majority of Asia’s crude oil and liquefied natural gas imports.

Marcos said discussions would center on strengthening regional preparedness, stabilizing energy supplies and accelerating diversification efforts to reduce reliance on external sources vulnerable to geopolitical shocks.ASEAN’s 11 member states are among the most affected by the disruption, with many heavily dependent on Middle Eastern energy imports.

The Philippines, which relies almost entirely on the region for crude oil, declared a national energy emergency in March after fuel prices more than doubled.Supply shortages have also been reported in Cambodia, Laos, Myanmar and Thailand, with fuel stations in some areas forced to suspend operations.

Rising energy costs have driven up production and logistics expenses, weakened currencies and slowed economic growth across the region.The summit is expected to address coordinated responses to the crisis, including maintaining open trade flows and avoiding restrictive measures that could exacerbate shortages.

“What do we do? How can we help each other?” Marcos said in earlier remarks, adding that the meeting would focus on oil, food security and the welfare of migrant workers.Philippine Foreign Affairs Assistant Secretary Dominic Xavier Imperial said leaders were expected to issue a joint statement outlining collective measures to manage the crisis and strengthen long-term coordination.

Regional officials have highlighted the need for deeper cooperation, including sharing energy reserves and pursuing joint exploration projects, to reduce dependence on supply routes such as the Strait of Hormuz.

“The protracted Middle East conflict has had an impact on the region, slowing down economic growth and lowering projections,” said Tereso Panga, head of the Philippine Economic Zone Authority, noting that closer coordination could help stabilize supply and mitigate volatility in energy markets.