Bongbong Marcos Orders DFA To Talk to Iran for Oil Passage at Strait of Hormuz
Philippine President Bongbong Marcos has ordered the Department of Foreign Affairs to negotiate with Iran for safe oil passage through the Strait of Hormuz. The move aims to address the country's soaring oil prices, which have reached P140 per liter following a series of price hikes.
The Philippine government is seeking to negotiate with Iran for safe oil passage through the Strait of Hormuz. The Strait is a vital waterway for global oil shipments, but Iran has restricted passage following joint airstrikes by the US and Israel. The Philippines is heavily dependent on oil imports and is facing high fuel prices. President Marcos has ordered the Department of Foreign Affairs to talk to Iran about safe passage for oil bound for the Philippines. The move comes after diesel prices reached P140 per liter. Foreign Affairs Secretary Tess Lazaro may meet with the Iranian ambassador to discuss the issue.
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