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Philippines becomes first country to declare energy emergency over Iran war with 45 days of oil left
President Marcos Jr. authorized flexible fuel procurement and emergency subsidies as the Philippines faces an imminent energy supply danger with only 45 days of fuel left, officials said.
- The Philippines has declared a state of national energy emergency, citing the "imminent danger" posed to the country's fuel supplies by the conflict in the Middle East.
- President Ferdinand Marcos Jr said the move would allow the government to take "coordinated measures" to address disruptions in the country's economy.
- The declaration will remain in place for one year, and a committee has been formed to ensure the orderly movement and supply of essential goods.
115 Articles
115 Articles
Philippines Declares Energy Emergency Due to Iran War Impact on Fuel Supply
Philippine President Ferdinand Marcos Jr. on March 24 declared a state of national energy emergency in response to the Middle East conflict’s effects on the country’s energy supply. “The declaration of a state of national energy emergency will enable the government … to implement responsive and coordinated measures under existing laws to address the risks posed by disruptions in the global energy supply and the domestic economy,” Marcos said …
The CEO of Shell warns about this, while Iranians mock Trump.
The archipelago is among the countries most exposed to the blockade in the Strait of Hormuz. Manila looking for supplies for a million barrels per day in the regional area, but it is asking for exemptions in order to be able to resort also to producers under sanctions. The protests of haulers, commuters and consumers.
It is the first country in the world to take this step, Manila imports about 98% of its oil from the Persian Gulf
Philippines declares energy emergency
The Philippines declared a national emergency as fuel shortages caused by the war in Iran threatened its economic stability, one of a number of Asian nations scrambling to address a looming lack of energy. Several of Asia’s biggest economies import more than 50% of their energy from the Gulf. The crunch has forced business closures in Japan, while South Korea has asked people to take shorter showers and to use bicycles to get around. Though Chin…
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