🚨PHILIPPINES DECLARES NATIONAL ENERGY EMERGENCY

The country imports 98% of its oil from the Middle East making it extremely vulnerable to Strait of Hormuz disruptions.

Gas prices have more than DOUBLED since the war began the highest in Philippine history.

1. Some petrol stations literally ran out of digits on their digital boards due to record-high prices.

2. No government price freeze has been imposed, meaning fuel prices could still climb higher.

3. The President confirmed the country has roughly 45 days of fuel supply left time is running out fast.

4. This is the FIRST time the Philippines has declared a National Energy Emergency, underlining the severity of the global oil shock.

5. Implications: Inflation, transport disruption, and a potential energy crisis could hit the economy hard if the Strait remains closed.

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