MANILA – Philippine President Ferdinand Marcos Jr has declared a national energy emergency, warning that escalating tensions in the Middle East could disrupt global oil supply and drive up fuel and electricity costs in the country. On March 24, Mr Marcos signed an executive order that the ongoing conflict involving the United States, Israel and Iran – which is “creating uncertainty in global energy markets, disrupting supply chains and exerting upward pressure on oil prices” – is posing a threat to the country’s energy security. The move signals that Manila is bracing itself not just for a temporary spike in oil prices, but also a potentially prolonged external shock that could feed into inflation. This could strain transport and power costs, and test the government’s ability to cushion consumers in a highly import-dependent economy. https://www.straitstimes.com/asia/se-asia/philippines-declares-national-energy-emergency-as-iran-war-fuels-oil-shock-fears?ref=asia (ICE SINGAPORE)

Fonte notizia: The Straits Times, 24 March 2026