Philippines Declares Energy Emergency Amid Global Oil Supply Shock

Heavy dependence on Middle Eastern imports leaves the country vulnerable as the Iran-Israel-US conflict disrupts global fuel markets

The Philippines has officially declared a national energy emergency, becoming the first country in the world to take such a step amid the ongoing conflict involving Iran, Israel, and the United States.

According to a report by Al Jazeera, the declaration comes as global oil supplies face severe disruptions due to escalating tensions in the Middle East. The Philippines, which imports nearly 98 percent of its oil from Gulf countries, is among the most vulnerable nations to the crisis.
In an executive order issued on Tuesday, President Ferdinand Marcos Jr. warned of an “impending threat” to the country’s energy security. The declaration grants the government expanded legal authority to implement urgent measures aimed at stabilizing fuel supply and protecting the broader economy.

Fuel prices in the Philippines have surged dramatically over the past three weeks, with diesel and gasoline prices more than doubling since the conflict began. The sharp increase has already placed significant pressure on households and businesses.

The government has formed a special committee to oversee the distribution of fuel, food, medicine, and other essential goods. Authorities have also been authorized to directly procure petroleum products to boost national reserves.

The country’s energy minister stated that, at current consumption levels, the Philippines has only about 45 days of fuel reserves remaining. The emergency order will remain in effect for up to one year, although it may be extended or lifted depending on the evolving situation.
The development underscores growing global concerns over energy security as geopolitical tensions continue to threaten critical supply routes and destabilize international markets.

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