Iran war impact: Philippines declares energy emergency with only 40 days of fuel remaining
The Philippines has declared a national energy emergency due to the escalating Middle East conflict, which threatens to disrupt global oil flows. The country has only 40 days of fuel remaining and is highly dependent on imports from the Middle East.
The Philippines has declared a national energy emergency. President Ferdinand Marcos Jr. issued an executive order to safeguard energy stability and economic activity. The country has only 40 days of fuel remaining. The Philippines sources nearly all of its oil from the Middle East. The energy emergency is the country's first nationwide emergency declaration since the Covid-19 crisis in 2020.
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