Middle East Updates

Developments in the Mideast war and its impact on Asia-Pacific

1Sambayan: Energy deals in WPS must follow PH laws

A joint energy exploration with any foreign state in the West Philippine Sea (WPS) must…

Senators ask: Why seek US approval to buy Russian oil? 

Amid government efforts to obtain a larger oil supply, senators asked the Department of Foreign…

Jeepney group sets 3-day PH-wide strike to push fuel tax suspension

Despite a projected rollback in fuel prices this week, transport group Manibela announced on Monday…

PSEi slips on renewed Mideast war jitters

Local stocks retreated on Monday as renewed Middle East war jitters dampened investor sentiment. The…

BIZ BUZZ: Big malls trim power costs amid oil crisis

Retail giants in the Philippines have turned to energy efficiency, saving over P200 million in…

US to begin blockade of Iranian ports 

Washington—The US military said on Sunday it would begin a blockade of all Iranian ports…

US, Iran fail to reach deal after 21-hr talks

ISLAMABAD, PAKISTAN—Iran and the United States failed to reach an agreement to end the war…

Diesel to drop by nearly P21/L as gasoline prices also cut

Fuel prices are projected to go down by several pesos this week, with diesel dropping…

Carabao-drawn sledge used in Apayao wedding amid fuel hike

TUGUEGARAO CITY—As the country grapples with rising fuel prices, a couple in Apayao turned to…

China’s energy strategy pays off as Mideast war cramps supplies–analysts

Beijing—China’s long-term strategy of diversifying energy sources and building stockpiles is helping it weather disruptions…