ASEAN Foreign Ministers Issue Joint Statement Urging De-escalation in Iran-US Conflict
ASEAN foreign ministers have formally called for an immediate cessation of hostilities between Iran and the United States, citing significant regional economic and security risks. The statement reflects growing concern among Southeast Asian nations regarding the potential for spillover effects on global supply chains and regional stability.
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Iran-US Escalation: Strait of Hormuz Closure, Regional Attacks, and UK Threats
Direct military exchanges between the US and Iran have led to the confirmed closure of the Strait of Hormuz, triggering a global oil price surge and increased Brazilian DI rates. Concurrently, Kuwait has reported confirmed engagements with Iranian aerial projectiles and drone incursions, while an Iranian military group has designated UK-based facilities as legitimate targets, prompting a UK reaffirmation of defense posture. The UN Secretary-General has warned of rapidly escalating hostilities within Iran, emphasizing the urgent need for diplomatic intervention.