
Philippines Times Strategic Energy Move as Oil Shock Lingers
Philippines President Marcos Jr. declares a one-year national energy emergency to safeguard fuel supply amid the US-Israel war on Iran, enabling government actions to secure fuel, form a distribution committee, and crack down on hoarding while seeking a 1-million-barrel buffer stock and possible imports despite sanctions. The move comes as transport unions plan a two-day strike over higher fuel costs and critics urge broader fixes like tax suspensions and price controls, with the government also rolling out subsidies and free bus rides to ease the impact.













