Philippines Declares Energy Emergency Amid Mideast Crisis

Narrative B

The Philippines made history as the first country to declare a national energy emergency over the Mideast conflict — and for good reason. With nearly 26% of energy sourced from the Middle East and Iran now controlling the Strait of Hormuz, the supply threat is existential. A whole-of-government response securing buffer stocks and protecting transport, agriculture and small businesses is exactly the bold action this crisis demands.