Southeast Asian leaders are gathering in the Philippines for an annual regional summit focused on strengthening economic cooperation and improving resilience amid an energy shock linked to the US-led war in Iran. According to reports ahead of the meeting, the agenda includes efforts to reduce strain on oil-import-dependent economies that have been affected by disruptions in energy markets stemming from the broader Middle East crisis. The leaders are expected to discuss a coordinated regional approach to manage the economic impact, while also pursuing wider strategies to support stability and growth through closer cross-border cooperation. The talks are framed as part of a broader effort by regional governments to prepare for and adapt to shocks that affect trade, investment, and household costs. The Philippine-hosted summit brings together member states seeking practical measures to mitigate the effects of higher energy prices and uncertainty in supply, while reinforcing regional coordination more generally.