Philippines reverses decision to terminate military pact with U.S.

Driving the news: The Philippines' Foreign Affairs department on Monday informed the U.S. that "in light of political and other developments in the region, the termination of the agreement is hereby suspended."

• The U.S. Embassy welcomed the move: "Our long-standing alliance has benefited both countries, and we look forward to continued close security and defense cooperation with the Philippines."

Flashback: Manila sent a notice of termination to Washington in February following the cancellation of a U.S. visa for Ronald dela Rosa, a close aid to President Rodrigo Duterte seen as the architect of Duterte's deadly drug war.

• The announcement that the VFA would be terminated led to concerns about U.S. deterrence capacity in the critical South China Sea, where the territorial claims of China, the Philippines and four other countries overlap.

The big picture: The Philippines is America's oldest military ally in Asia, but the relationship has deteriorated under Duterte, who openly prefers to partner with China.

Go deeper: America's oldest military ally in Asia turns toward China