{
    "success": true,
    "data": {
        "id": 1717743,
        "msgid": "asean-safeguarding-global-supply-chains-amid-hormuz-crisis-1777924240",
        "date": "2026-05-05 02:10:18",
        "title": "ASEAN: Safeguarding Global Supply Chains Amid Hormuz Crisis",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Trade",
        "summary": "ASEAN economic ministers have emphasised the need to maintain stable, secure, and sustainable global supply chains and maritime trade routes in response to disruptions in the Strait of Hormuz caused by the US-Israel conflict with Iran. In a video conference on 30 April, they expressed deep concerns over the energy crisis and its broader impacts on trade, food, and finance, underscoring the importance of safe navigation under international law like UNCLOS. The ministers committed to avoiding unnecessary non-tariff measures, monitoring Middle East developments, and developing regional strategies to enhance resilience through cooperation with external partners.",
        "content": "<p>Jakarta (ANTARA) - The ministers of the ASEAN Economic Community\nCouncil (AECC) have stressed the necessity of safeguarding global supply\nchains and stable, secure, and sustainable maritime trade routes amid\ndisruptions in the Strait of Hormuz triggered by the US and Israel war\nagainst Iran. In a video conference meeting on 30 April, the economic\nministers of ASEAN member states shared deep concerns that the\ndisruptions in the Strait of Hormuz\u2014which handles a quarter of global\noil and liquefied natural gas exports\u2014have caused an energy crisis and\nwidespread impacts on trade, food, and finance. \u201cTo minimise disruptions\nto energy trade flows, we underscore the importance of maintaining safe\nand open sea lanes, ensuring freedom of navigation, and secure,\nunimpeded, and sustainable ship and aircraft transit routes in straits\nused for international navigation, in accordance with international law,\nincluding the 1982 UN Convention on the Law of the Sea (UNCLOS),\u201d stated\nthe AECC joint statement on the Philippine ASEAN Chairmanship 2026\nwebsite on Monday (4\/5). The ministers also reinforced their commitment\nto implementing the ASEAN Agreement, refraining from imposing\nunnecessary non-tariff measures, and other policies that could hinder\ntrade, particularly in energy, food, and other essential commodities.\nWhile continuing to monitor developments in the Middle East, ASEAN will\nstrengthen cooperation, including with external partners, to respond to\nthe crisis and support regional resilience. \u201cWe task senior economic\nofficials and relevant sectoral bodies to closely monitor and assess\ndevelopments in comprehensive and integrated regional strategies to\naddress the economic impacts of the Middle East conflict,\u201d the AECC\nstatement added. The Strait of Hormuz remains a \u201cflashpoint\u201d since the\nconflict between the US and Israel against Iran erupted at the end of\nFebruary. Iran seized control of the strategic maritime route in\nretaliation for US and Israeli attacks. Recently, the US imposed a\nblockade on Iranian ports in the strait, following the failure of peace\nnegotiations after the ceasefire ended.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/asean-safeguarding-global-supply-chains-amid-hormuz-crisis-1777924240",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}