00:00Economic and foreign ministers from the ASEAN trade bloc meeting in Manila have called for a halt to the war
00:07in the Middle East.
00:09Recent developments in the Middle East reminds us of our interconnectedness.
00:15Geopolitical tensions are no longer distant headlines.
00:20They are immediate economic shocks.
00:22They manifest in volatile energy markets, disrupted shipping lanes and shifting investor confidence.
00:32The Philippines convened a special meeting to forge original response to global uncertainty caused by U.S. and Israel's conflict
00:39with Iran.
00:40Global oil prices have surged after Iran choked off the Strait of Hormuz, a pivotal channel for global fossil fuel
00:47exports.
00:48The ministers at the meeting called for energy supply chain security and for measures to limit economic fallout.
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