3 days ago
Philippines Declares First-Ever National Energy Emergency Over Iran War Fuel Crisis
PoliticsExecutive Order 110Ferdinand Marcos JrFuel Crisis AsiaIran WarOil Supply DisruptionPhilippines Energy EmergencySharon GarinStrait of Hormuz
TLDR: The Philippines imports 98% of its oil from Gulf nations, all directly disrupted by the ongoing Iran war conflict. Fuel prices have nearly tripled since February 28, with diesel hitting 130 pesos and LPG reserves lasting just 24 days. President Marcos signed Executive Order 110, granting authority over fuel rationing and essential goods distribution [...]
The post Philippines Declares First-Ever National Energy Emergency Over Iran War Fuel Crisis appeared first on Blockonomi.
Source: Blockonomi →Related News
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