Скачать или смотреть Middle East Conflict Triggers Fuel Price Hikes | Business 360

Tensions in the Middle East are sending global oil prices soaring — and as a net importer, the Philippines is once again feeling the crunch.

With Iran threatening to close the Strait of Hormuz, a vital oil route, the Marcos administration is scrambling to respond with fuel subsidies and renewed talks of a national petroleum reserve.

But how long can the country afford to stay vulnerable to external shocks?

Joining us to unpack the stakes and the solutions is Camarines Sur 2nd District Representative and Governor-elect LRay Villafuerte.

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