July 12 marked the one-year anniversary of a United Nations tribunal ruling in a case brought by the Philippines against China over the latter’s claims and activities in the South China Sea. The ruling was a major victory for the Philippines, particularly the tribunal’s decision on China’s “nine-dash line,” through which Beijing attempts to lay claim to vast areas of the South China Sea. A year to the day after the award, the Philippines issued a conciliatory statement even as an energy official announced that Manila would soon offer investors new oil and gas blocks at Reed Bank, off the Philippine coast but within the nine-dash line.

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