The economic fallout from the Iran war directly affects Filipino households through surging global crude oil prices, accelerating domestic inflation, and sever…
OWWA advised OFWs across 10 Middle East countries to monitor advisories and prepare for emergencies. Iran, Iraq and Syria placed under Alert Level 4 (mandatory repatriat…
After US and Israeli strikes on Iran, the Strait of Hormuz becomes effectively closed to routine commercial shipping, the disruption that recurs through 2026.
Philippine headline inflation hits its 2026 cycle peak as Brent crude reaches a 52-week high. Meralco flags Middle East-driven fuel costs still to come.
BSP raises its policy rate to 4.5%, citing the Middle East conflict deteriorating the inflation outlook, its first tightening in two years.
A US-Iran memorandum reopens the strait toll-free, though traffic stays below normal. BSP hikes again, citing elevated global oil and fertilizer prices.
The US tells Iran the ceasefire is no longer in effect and imposes fresh sanctions. IRGC closes the Strait of Hormuz again after attacks on commercial vessels.
Headline inflation slows from June's 6.4% as fuel prices partially roll back and the transport index cools, though it stays above the 2-4% target band.
Only about 1 ship transits the strait on Aug 9 versus 73/day normally. PH diesel sits at 87.38 pesos/liter as mediators shuttle between capitals with no new deal.
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