ASEAN leaders under pressure to address economic fallout of Iran conflict

Summit in the Philippines also set to discuss Myanmar and South China Sea

A vendor selling vegetables tends to customers at a public market in Manila, the Philippines. Rising prices of basic goods will be in the spotlight at the ASEAN summit in the Philippine city of Cebu this week. © Reuters

MANILA/JAKARTA -- The escalating impact of the Iran war on Southeast Asia is expected to dominate this week's ASEAN Summit in the Philippines, as leaders seek to mitigate the effects of the conflict on their economies. The heads of government will also discuss the ongoing crisis in Myanmar and the conclusion of negotiations for a South China Sea code of conduct, according to officials.