#Philippines declares national energy emergency as #US & #Israel war on #Iran blocks oil and creates price crisis

[annaanthro@mastodon.social]

#Philippines declares national energy emergency as #US & #Israel war on #Iran blocks oil and creates price crisis

“Measures include fuel subsidies, hoarding prevention, faster energy project approvals, and a diesel buffer of 2 million barrels (S$427 million)

Rising fuel costs already caused transport strikes and flight suspensions; authorities prepare assistance, bracing for potentially prolonged inflation.”

#tootsea

Philippines declares national energy emergency

The Philippines declares a national energy emergency amid fears of rising oil prices due to the Iran war. Read more at straitstimes.com.

The Straits Times (www.straitstimes.com)