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The closure of the Strait of Hormuz has affected every Asean nation, with a crisis looming, says the Sultan of Perak, Sultan Nazrin Muizzuddin Shah.

The Perak ruler said the ongoing conflict would directly affect the economies of countries in the region.

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Transcript
00:06The Closure of the Strait of Hormuz is affecting the economic security of every ASEAN country.
00:16The surging prices of energy, fertilizers and transport are driving up the price of food,
00:23increasing production and distribution costs, and fueling inflation.
00:30Worse affected are the countries with low energy reserves.
00:35An economic crisis may be looming.
00:40Livelihoods will continue to be affected for months, even if the strait is reopened in the near term.
00:47It is therefore imperative that negotiations to end the West-Asian conflict are speedily and successfully concluded.
00:59In my concluding remarks, permit me to bring us back to the founding notion of security enshrined in the ASEAN
01:11Charter.
01:12The concept of comprehensive security.
01:16Political, economic, social, cultural and conventional security form an indivisible whole.
01:29Each dimension reinforcing the others.
01:33I have argued this morning that we cannot sustain any of those dimensions on a planet we are actively destabilizing.
01:47Comprehensive security, properly understood, must therefore extend to the health of the natural world,
01:57the world on which all human security ultimately depends.
02:04Environmental security is not a luxury agenda to be deferred until wealthier times.
02:14It is the foundation on which every other aspect of planetary and human security rests.
02:23A region that cannot feed itself, water itself or protect its coastlines from inundation cannot be secure in any meaningful
02:37sense,
02:38however sophisticated its military technologies.
02:42I would therefore urge this forum to adopt planetary health as a formal pillar of ASEAN's comprehensive security framework.
02:57Not as a gesture of environmental conscience, but as a recognition of strategic reality.
03:06The security challenges currently facing the ASEAN region are numerous and varied.
03:14The territorial and maritime disputes, the prevalence of extreme poverty, ethnic and religious animosities,
03:24residual separatism and resistance movements,
03:30extensive corruption, human rights abuses,
03:35violence against minorities, drug trafficking and addiction, illegal immigration, smuggling.
03:45Each one of these challenges can be mitigated through the considered and equitable deployment of technology.
03:57Yet, if applied carelessly or in the service of narrow interests, technology could instead exacerbate them all.
04:10The decisions we make today will shape not only our security, but also the character of our societies.
04:21Technologies are neither inherently benevolent or malevolent.
04:27They reflect the intentions and values of those who design, will and regulate them.
04:36Technology will inevitably shape our future.
04:41The real issue is whether we will shape technology in a manner that upholds peace, stability and human dignity.
04:53We must nurture a generation that is not only technologically proficient, but also guided by a powerful sense of moral
05:06responsibility.
05:08A generation with strong hearts as well as brilliant minds.
05:14We must heed the wisdom often attributed to Aristotle.
05:20Educating the mind without educating the heart is no education at all.
05:28As ASEAN stands at this edge of emerging technologies,
05:33we must recognize that while competition drives innovation, cooperation is what gives it meaning.
05:46True security lies in working together, not in isolation.
05:57And that替es the Doubt lond of theTu
05:59history that we have benefited, not at all at all. But
06:00we feel compelled to build up toique domination. You
06:01are responsible for the vision of the nation. And
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