Cambodia and Thailand have reached an agreement to collaborate on resolving a longstanding dispute concerning a portion of the Gulf of Thailand. This area is estimated to hold undersea energy reserves valued at approximately US$300 billion. The agreement, facilitated by international mediators, signals a move towards cooperative development of the region’s resources. Details of the agreement weren’t immediately released, but indicate a commitment to find a mutually acceptable solution. The dispute has been a point of contention between Cambodia and Thailand for years, hindering potential energy exploration and extraction. This development in The Hague could pave the way for significant economic benefits for both nations through the shared exploitation of the Gulf of Thailand’s resources. Further negotiations and implementation plans are expected to follow this initial agreement.