Thailand, Cambodia seek to calm escalating dispute over US$300 billion seabed
Both sides agreed to use a naval hotline and exercise restraint to ease maritime tensions after holding mediation talks at The Hague
While an uneasy ceasefire agreed in December holds along the frontier, relations between Bangkok and Phnom Penh have plunged to a nadir, with both accusing the other of targeting civilians during the conflict and intermittent breaches of the truce.
Amid the rancour, competing claims have escalated over the Gulf seabed which holds oil and gas reserves worth an estimated US$300 billion.
