The US has warned that Iran’s bid to control the Hormuz Strait and impose tolls on ships passing through it poses a significant risk to the global economy.
US Secretary of State Marco Rubio made the comments while addressing a meeting of foreign ministers from Southeast Asian nations in Manila, Philippines.
Rubio stated that no country should be allowed to exert control over international waterways, impose tolls, or attack ships that refuse to pay. He warned that if such a precedent were set in the Middle East, it could have far-reaching consequences for global trade.
Rubio also accused Iran of reneging on its commitments under the peace agreement and attempting to negotiate directly and indirectly with the US and other parties.
Regional Concerns
The meeting of foreign ministers from Southeast Asian nations, known as ASEAN, has brought together top diplomats from the US, China, Russia, and the UK, among others.
Discussions have centered on the ongoing conflict in the Middle East, energy security, and regional stability.
Russian Foreign Minister Sergei Lavrov emphasized the need for a swift resolution to the US-Iran tensions, citing the impact on the global economy and energy markets.
Lavrov stated that Russia seeks stability and is concerned about the ongoing conflict.
Australian Foreign Minister Penny Wong expressed concern over the renewed tensions in the Middle East, calling for a ceasefire and negotiations.
Wong emphasized the need for a peaceful resolution, stating that Australia seeks an end to the war, a ceasefire, and the continued flow of energy through the Hormuz Strait.
Energy Security Concerns
The International Energy Agency (IEA) has warned that Southeast Asia is vulnerable to energy security risks due to its high dependence on energy imports from the Middle East.
In 2025, Asian markets imported approximately 80% of the world’s crude oil and nearly 90% of liquefied natural gas (LNG) through the Hormuz Strait.
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