Thailand, Cambodia seek to calm escalating dispute over US$300 billion seabed

Thailand and Cambodia have agreed to de-escalate tensions and utilize a direct hotline between their navy commanders to prevent flashpoints over a disputed, energy-rich seabed in the Gulf of Thailand.

The agreement follows intervention by a UN-backed mediation panel based in The Hague, which is assisting both nations in resolving competing claims over the area valued at approximately US$300 billion.

The measures are intended to dial down inflammatory rhetoric and maintain stability in the contested maritime zone while diplomatic efforts continue.