The Philippines has declared a national energy emergency due to the pressing threat to its fuel reserves caused by the conflict in the Middle East. President Ferdinand Marcos Jr. has issued an executive order aimed at protecting the country's energy security as disruptions in global supply chains intensify. This declaration comes amid the ongoing US-Israel conflict with Iran and the effective blockage of the Strait of Hormuz, a critical passage for oil shipments.
The closure of this vital shipping route has triggered significant turbulence in global energy markets, driving prices upward and creating concerns about fuel availability. With only an estimated 45 days of fuel remaining, the Philippines is taking proactive measures to mitigate the impact of these external factors on its energy supply and economy. This state of emergency underscores the country's vulnerability to international geopolitical tensions affecting essential resources.