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27.03.26 - 00:24
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Philippines Declares State Of Emergency As Energy Crisis Looms (ZeroHedge)
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Philippines Declares State Of Emergency As Energy Crisis Looms
As we outlined in our recent analysis on Australia's dangerous vulnerability to disruptions in the Strait of Hormuz, most of Asia is heavily exposed and faces an unprecedented energy crisis should the war in Iran continue to prevent safe passage of oil and natural gas from the Gulf. As Australia debates the potential for a national emergency, the Philippines has already declared one.
This week, Philippine President Ferdinand Marcos Jr. signed Executive Order No. 110, declaring a state of national emergency as a targeted measure focused on the energy sector in response to disruptions from the ongoing US-Israel war with Iran. Approximately 98% of all oil bound for the Philippines passes through the Strait of Hormuz.
The emergency declaration allows the Philippine government to exert control over fuel prices and fast-track imports from alternative suppliers, such as Russia. Philippine authorities say they have enough fuel to last...
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25.03.26 - 08:01
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Why Philippines Is More Exposed to Oil Shocks in SEA (Bloomberg)
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The Philippines has declared a national energy emergency amid the uncertainty in global energy markets. It's more exposed to surging oil prices and tightening fuel supply because of the Iran war compared to its Southeast Asian peers. (Source: Bloomberg)...
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24.03.26 - 18:36
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Nationaler Energienotstand auf den Philippinen ausgerufen (DPA-AFX)
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MANILA (dpa-AFX) - Angesichts der Auswirkungen des Iran-Kriegs auf die Ölpreise hat der Präsident der Philippinen einen nationalen Energienotstand ausgerufen. Die steigenden Ölpreise stellten eine Bedrohung für die Energiesicherheit des Landes dar, teilte ......
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