The Philippines has declared a state of national energy emergency following disruptions linked to the war in Iran, prompting President Ferdinand Marcos to take immediate action. In a televised address, he announced plans to secure additional oil supplies, aiming to acquire one million barrels to supplement existing reserves that currently cover 45 days of consumption. The country’s heavy reliance on imported oil—98% from the Gulf region—has heightened vulnerability to global supply fluctuations, making swift response essential.
The government is prioritizing the stabilization of fuel availability and preventing widespread shortages. Measures include accelerating procurement efforts and coordinating with international partners to ensure continuity of supply. These actions reflect the urgency of safeguarding energy infrastructure and maintaining public confidence during a period of regional instability. The situation underscores the nation’s dependence on external energy sources and the challenges of managing supply chain risks in times of geopolitical tension.