What specific commitment did ASEAN make regarding export bans amid rising oil prices and the Iran war?

ASEAN committed to avoid restrictive trade measures, including export bans on essential goods, to keep trade open and predictable. As stated by Philippine Trade Secretary Cristina Roque, 'Asean agreed to avoid restrictive trade measures, including export bans on essential goods,' emphasizing that 'predictability is stability and stability begins with keeping goods moving across borders.'

What emergency mechanism is ASEAN advancing to address fuel supply disruptions caused by geopolitical tensions?

ASEAN is working to advance the ratification of an agreement that enables coordinated emergency fuel sharing amid supply disruptions. According to Roque, this fuel-sharing scheme is part of ASEAN's response to economic instability triggered by geopolitical tensions, including the Iran war, and is intended to bolster regional resilience against energy supply shocks.

ASEAN Vows to Avoid Export Bans, Share Fuel as Oil Prices Soar

Apr 29, 2026

ASEAN ministers agreed to avoid export bans and advance a fuel-sharing scheme amidst soaring oil prices and supply disruptions caused by the Iran war. Trade Secretary Cristina Roque stressed keeping trade open to maintain regional economic stability.

bloomberg

2026-04-29

ASEAN Vows to Avoid Export Bans, Share Fuel as Oil Prices Soar

ASEAN Vows to Avoid Export Bans, Share Fuel as Oil Prices Soar

FAQ