President Ferdinand R. Marcos Jr. has called on nations across Asia to unite in addressing the ongoing oil crisis, while expressing full support for the immediate activation of the ASEAN Framework Agreement on Petroleum Security's emergency response mechanism.

Marcos said the Philippines is facing the threat of rising prices of goods and services following the closure of the Strait of Hormuz, a development he raised during the Asia Zero Emission Community Plus Online Summit. The President said the country has been directly affected by the disruption of global oil supply chains.

"In the weeks following the Hormuz closure, the Philippines witnessed sharp increases in diesel and LPG prices. Our economy, which grew by 4.4 percent in 2025 and remains on a steady upward trajectory, is now facing imported inflation that threatens the welfare of our most vulnerable households," Marcos said.

The President stressed that the oil crisis is not a challenge the Philippines faces alone, warning that no nation in Asia is shielded from the effects of the Middle East conflict. Marcos called for a unified regional response, saying no single country can address supply chain shocks of this scale by acting alone.

"What this crisis has confirmed is a structural truth: no single country in Asia can insulate itself from supply chain shocks of this scale by acting alone. The times call for a coordinated, unified response," he said.

Marcos said the Philippine government has already taken steps to cushion the impact of rising petroleum prices, including the declaration of a State of National Energy Emergency and the rollout of the Uplift Program. However, the President said these measures are not yet enough.

Marcos called for the immediate implementation of the ASEAN Framework Agreement on Petroleum Security or APSA, which covers fuel supply sharing and joint oil stockpiling among member states. The President said the Philippines is fully committed to its operationalization.

"The enhanced APSA, endorsed at last October's ASEAN Ministers on Energy Meeting in Kuala Lumpur, establishes the architecture for coordinated emergency responses, emergency supply sharing, and, critically, joint oil stockpiling. The Philippines fully supports its operationalization and we will be an active participant in its implementation," Marcos said.

The Philippines currently serves as ASEAN Chair this year.