Metro Manila, Philippines – President Ferdinand Marcos Jr. said the ongoing conflict in the Middle East could serve as an impetus for the Philippines and China to revisit discussions on joint oil and gas exploration in the South China Sea, despite longstanding territorial disputes. In an interview with Bloomberg, Marcos acknowledged that while discussions have long been on the table, tensions have hindered progress. “We’ve been talking about [it] for a great deal, but the territorial disputes will get in the way of that,” he said, adding that global developments such as the Iran war. “Maybe…it should provide impetus for both sides to come to an agreement.” Marcos also signaled a possible recalibration of relations with Beijing amid shifting geopolitical dynamics. “It’s certainly going to happen… there’s going to be a very, very serious restructuring,” he said, noting that countries may need to “redraw” aspects of their international relationships. Despite…