Energy shortage forces Philippines to declare state of emergency

The Philippines has declared a state of emergency as it faces a growing shortage of energy resources triggered by the ongoing conflict between the United States and Iran, CNN reported.

Philippine Foreign Minister Maria Teresa Lazaro said the country’s oil reserves are sufficient for only 40 to 45 days, highlighting the urgency of the situation. She warned that the disruption in global energy supplies could create a “domino effect,” driving up energy prices and putting additional pressure on the domestic economy.

In response, the Philippine government has introduced a series of emergency measures aimed at stabilizing the situation. These include energy conservation policies, fuel subsidies, reductions in transportation costs, and steps to prevent speculation and price manipulation in the supply of petroleum products.

According to CNN, the Philippines is the first country to formally declare a state of emergency due to energy shortages linked to the ongoing military conflict, underscoring the broader global impact of the crisis.

By Tamilla Hasanova