Energy ministers from Southeast Asia are convening in Manila this week amid escalating conflict in the Middle East, which has highlighted the region’s reliance on imported energy and the need for enhanced security measures. The ongoing war involving the United States, Israel, and Iran has intensified concerns over potential disruptions to oil supplies and price volatility, underscoring the urgency for the Association of Southeast Asian Nations (ASEAN) to advance its energy security strategies.

Currently, more than half of the crude oil processed by ASEAN refineries originates from the Middle East, a dependency that poses significant risks at a time when global oil prices hover around $100 per barrel. The conflict has also prompted Chinese refiners to suspend exports of oil products for October, further exacerbating uncertainties surrounding fuel availability.

In response, ASEAN energy ministers are expected to assess the effectiveness of regional fuel-security initiatives developed following emergency discussions earlier this year. These include coordinated responses outlined under the ASEAN Framework Agreement on Petroleum Security (APSA), aimed at enhancing regional resilience against supply shocks.

Philippine Energy Under-Secretary Felix Fuentebella emphasized the shift in perspective caused by the crisis, noting that energy security has moved from a technical concern to a top priority for ASEAN policymakers. The rising fuel prices have had tangible economic effects, increasing costs for households and transportation workers. Antonio Bandin, a jeepney driver in Manila, highlighted the strain on daily earnings, citing that his fuel expenses have more than doubled to approximately 2,400 pesos ($38) per day, prompting recent protests over rising costs.

The ASEAN Centre for Energy recently issued a warning about the potential impact of a severe disruption to Middle Eastern oil supplies, estimating that such an event could jeopardize volumes equivalent to nearly 28 percent of the region’s final oil consumption. This projection underscores the need for more robust petroleum-security arrangements.

However, significant challenges remain. Insufficient regional storage capacity and limited oil inventories constrain the ability to fully implement APSA measures, cautioned Alloysius Joko Purwanto, senior energy economist at the Economic Research Institute for ASEAN and East Asia. These limitations may hamper rapid response efforts during major supply disruptions.

The Philippines, currently under a national energy emergency declaration, is actively exploring regional fuel-stockpiling partnerships and has expressed willingness to serve as a host for future storage infrastructure, according to Energy Secretary Sharon Garin. Despite these initiatives, analysts warn that such measures are unlikely to provide immediate relief to the current crisis, pointing to the complex logistics and timeframes involved in establishing effective stockpiles.

As the Middle East conflict persists, ASEAN faces mounting pressure to accelerate collaboration on energy security to safeguard the region’s economic stability and reduce vulnerability to external shocks.