#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 https://www.straitstimes.com/asia/se-asia/philippines-declares-national-energy-emergency-as-iran-war-fuels-oil-shock-fears