ASEAN leaders gathered in Cebu, Philippines, on May 8, 2026, to address pressing issues, including the ongoing crisis in the Middle East. President Ferdinand Marcos Jr. reported that while discussions were held on energy security and regional cooperation, concrete solutions remain elusive.
Marcos highlighted the necessity of establishing a shared fuel reserve to combat fuel supply challenges exacerbated by the crisis. The closure of the Strait of Hormuz has underscored the vulnerability of ASEAN nations to external shocks.
The situation right now is very different from each country. Some countries have a surplus of a certain kind of fuel, while others have a shortage. We’re trying to balance that out.
Ferdinand Marcos Jr.
The leaders also discussed the operationalization of the ASEAN Power Grid, which aims to facilitate cross-border power trading among the 11 member states. This initiative could potentially provide affordable energy to nearly 700 million people in the region.
Despite the urgency of the situation, Marcos noted that no new commitments have been secured to enhance the Philippines' fuel inventory, which currently stands at about 50 days.
In addition to energy security, the establishment of an ASEAN Maritime Center was proposed to strengthen maritime cooperation in light of the crisis. Marcos emphasized this is crucial to avoid similar disruptions in the South China Sea.
Marcos reiterated the importance of finalizing the Code of Conduct in the South China Sea by year-end, a key element for fostering economic cooperation between China and ASEAN.
The situation in Myanmar was also a significant topic during the summit. Marcos expressed frustration over the slow progress in implementing a peace plan following the military coup in 2021.
We have to find other ways to move the process forward. Even a small shift can make a significant difference.
Ferdinand Marcos Jr.