Energy Crisis Hits the Philippines

The Philippines has declared a state of national emergency due to dwindling energy supplies, a direct impact of the US-Iran conflict. The country, heavily reliant on imports, has only about 45 days of fuel left on average. With key suppliers like Saudi Arabia and the UAE disrupted by war, pump prices have soared by nearly 200%, hitting diesel and kerosene hardest. This is a major strain for many living on minimum wages. While some relief is coming via a Russian crude shipment, the single domestic oil refinery highlights the nation's vulnerability as a net energy importer. https://www.thenationalnews.com/business/energy/2026/03/24/how-the-philippines-state-of-emergency-show-the-vulnerability-of-net-energy-importers/