Economic ministers from the Association of Southeast Asian Nations (ASEAN) said they would avoid export bans on essential goods and strengthen regional cooperation on energy, food and supply chains.

Philippine Trade Secretary Cristina Roque said rising oil and transport costs were increasing pressure on food systems and household expenses across the bloc, which relies heavily on imported fuel.

ASEAN also agreed to speed up its regional power grid project and push ratification of the ASEAN Framework Agreement on Petroleum Security to enable coordinated emergency fuel-sharing during supply disruptions.

The issue is expected to feature prominently at the 2026 ASEAN Summit in Cebu next week.

The talks, involving a group described as Trump’s “Board of Peace,” focused on whether DP World could partner in overseeing logistics for humanitarian aid and commercial goods entering the Gaza Strip, according to the report.

Details of the proposed arrangement, including governance structures or timelines, were not disclosed. Reuters could not independently verify the discussions.

Any such initiative would come amid ongoing international efforts to plan for reconstruction and aid delivery in Gaza, where infrastructure has been severely damaged by conflict.

Iran’s Revolutionary Guards said ships should avoid the main navigation zone and instead follow designated entry and exit paths to reduce the risk of collision with naval mines.

“All ships intending to transit the Strait of Hormuz are hereby notified they should take alternative routes for traffic,” the statement said, emphasizing maritime safety concerns.

The announcement follows Tehran’s agreement to temporarily reopen the strategic strait as part of a two-week truce reached with Washington. The ceasefire was agreed late Tuesday, shortly before a deadline set by U.S. President Donald Trump for Iran to comply with demands related to the reopening of the passage.

The Strait of Hormuz is a critical global energy corridor, through which roughly one-fifth of the world’s oil supply typically passes.

Iran had effectively restricted traffic through the route since early March, contributing to a surge in global energy prices and heightening concerns over supply disruptions.

The designation of alternative routes signals continued operational risks in the waterway despite the ceasefire, underlining the fragile security environment and the potential for further disruption to global shipping and energy markets.

“At this point, we take a cautious approach, and we are not making any changes to specific services,” the Danish container group said in a statement to Reuters.

The conflict, which escalated following U.S.-Israeli strikes on Iran in February and subsequent Iranian retaliation, led to the closure of the Strait of Hormuz and brought Gulf shipping activity close to a standstill, disrupting global supply chains.

Maersk, one of the world’s largest container shipping companies, had suspended cargo bookings to several Gulf ports last month and introduced emergency bunker fuel surcharges globally to offset rising fuel costs.

“The ceasefire may create transit opportunities, but it does not yet provide full maritime certainty and we need to understand all potential conditions attached,” the company said.It added that any decision to resume transit through the strait would depend on ongoing risk assessments, security conditions and guidance from relevant authorities and partners.

In response to disruptions, Maersk has implemented alternative logistics routes, including a “land-bridge” system using ports in Jeddah in Saudi Arabia, Salalah and Sohar in Oman, and Khor Fakkan in the United Arab Emirates, allowing cargo to be transported by land into Gulf destinations.

The company said it would continue to monitor developments closely and update operations as greater clarity emerges in the coming days.

Senior officials from both countries are participating in the discussions, which are being facilitated by China as part of efforts to broker a negotiated settlement between the neighbours, long linked by security ties but increasingly at odds over militancy and cross-border attacks.

The talks are expected to focus on securing a ceasefire and reopening key border crossings to restore trade and travel flows, according to sources cited in earlier reports, signalling an attempt to stabilise economic and civilian movement disrupted by months of hostilities.

“Our efforts for talks will continue despite the problems that will keep coming,” a Pakistani Foreign Ministry spokesperson said during a regular media briefing, underscoring Islamabad’s position that dialogue remains the primary channel for de-escalation.

Pakistan has also acknowledged China’s role in facilitating the engagement, describing Beijing as an important global actor whose diplomatic efforts are complementary to regional stability initiatives.

Tensions between the two countries have escalated sharply since late 2025, with Islamabad accusing the Afghan Taliban authorities of harbouring militants from Tehreek-e-Taliban Pakistan, an insurgent group it says is responsible for attacks inside Pakistan.

The Afghan Taliban has rejected those allegations, maintaining that militancy within Pakistan is an internal issue and denying any official support or sanctuary for the group.

The two countries share a 2,600-kilometre border that has historically been porous and contested, and recent fighting has marked a significant deterioration in ties that had initially shown signs of alignment following the Taliban’s return to power in Kabul in 2021.

The bottleneck includes 12 very large gas carriers and 50 very large crude carriers, with only six ships transiting the strait between Tuesday and Wednesday, far below the typical daily average of around 120 vessels in peacetime, data from maritime analytics firm Kpler showed.

Limited movement has been permitted through a tightly controlled corridor near Iran’s Larak Island, with access largely restricted to vessels linked to Iran or countries maintaining favorable relations with Tehran. Lloyd’s List estimates that at least 48 ships have passed through the route since last week under such arrangements.

Iran imposed the blockade following strikes by the United States and Israel on Feb. 28, effectively constraining a waterway that normally handles about one-fifth of global oil and gas shipments. Shipowners granted passage have reportedly faced fees of up to $2 million per transit, although Tehran has indicated that vessels from allied nations may be exempt.

Malaysian authorities said tankers operated by companies including Petronas, Sapura Energy and MISC were awaiting clearance, with Iran assuring Kuala Lumpur that fees would be waived due to bilateral ties. Officials cautioned that heavy congestion could delay passage regardless of exemptions.

China said at least three of its vessels had recently transited the strait following coordination with relevant parties. Ship-tracking data indicated that two container ships exited the Gulf on a subsequent attempt while sailing in close formation and at increased speed, in what analysts described as the first such movement by non-Iranian container vessels since the escalation began.

A small number of other ships have also managed to leave, including a Greek-operated tanker carrying Saudi crude to India and several Indian-flagged liquefied petroleum gas carriers transporting essential cargo.

Shipping sources said some crews have adopted risk mitigation measures such as nighttime navigation or disabling tracking systems to reduce exposure to threats including mines, missiles and drones.Despite limited transits, exports from major Gulf producers such as Saudi Arabia and Qatar remain largely suspended, with hundreds of vessels and an estimated 20,000 seafarers still awaiting clearance in and around the Gulf.

A Pakistani oil vessel reached Karachi after successfully transiting the strait, while another shipment arrived via an alternative route. Officials said further deliveries could follow in the coming weeks.The disruption has intensified diplomatic efforts to reopen the waterway.

Britain is preparing to host talks involving around 35 countries to address maritime security, while China and Pakistan have jointly called for a ceasefire and urged all sides to ensure safe passage for commercial shipping.U.S.

President Donald Trump reiterated on Wednesday that Iran must lift the blockade, warning of potential military action if it fails to comply.

The proposal, endorsed by lawmakers on a security panel, includes “financial arrangements and rial toll systems” aimed at asserting Iran’s sovereign role, according to state television.

The plan also provide for cooperation with Oman, which shares control of the waterway’s southern side.Strategic chokepoint under strainThe Strait of Hormuz, a key route for global oil and gas shipments, has been effectively constrained since the onset of the U.S.-Israeli war with Iran.

Tehran has limited passage for vessels it says are linked to adversaries, tightening oversight of maritime traffic.Iran’s Revolutionary Guard Corps has maintained a security presence in the area, with maritime monitors reporting that only a limited number of ships are currently transiting daily, often via routes approved by Iranian authorities.

Iranian officials have argued that transit fees are necessary to ensure the safety of shipping through the strait. The chairman of a parliamentary civil affairs committee, cited by Fars news agency, said vessels should contribute financially to security arrangements in the corridor.

The proposal signals a potential shift toward formalizing Iran’s control over access to the waterway, raising concerns among energy markets already strained by supply disruptions.Limited passage amid diplomatic signalsSome vessels have been allowed to pass in recent days.

Ishaq Dar said Iran had permitted 20 additional ships to transit the strait, a move he described as supporting regional stability.U.S. President Donald Trump said last week that 10 oil tankers were allowed through as a goodwill gesture during ongoing tensions, though details of any linked negotiations remain unclear.

The extent and timing of the proposed toll system’s implementation have not been specified.