Philippine President Ferdinand Marcos declares vitality emergency over Iran-Israel-US battle

 Philippine President Ferdinand Marcos ​Jr. on Tuesday (March 24, 2026) declared a state of ‌nationwide vitality emergency in response to the ​West Asia battle and what ⁠he referred to as an “imminent danger” posed to the nation’s vitality provide.

Mr. Marcos stated a Committee has been fashioned ‌to make sure the orderly motion, provide, distribution and availability of gas, meals, ‌medicines, agricultural merchandise and different important items.

Iran-Israel war updates on March 24, 2026

In ‌an ⁠government order shared with media, ⁠Mr. Marcos stated the battle had created uncertainty in international vitality markets, extreme provide chain disruption and important volatility ​and upward strain on ‌worldwide oil costs “thereby posing a threat to the country’s energy security”.

“The declaration of a state of national energy emergency will ‌enable the government … to implement responsive ​and coordinated measures under existing laws to address the risks posed by ⁠disruptions in the global energy supply and the domestic economy,” he stated.

The declaration, which ‌will stay in impact for one 12 months, authorises the federal government to acquire required gas and petroleum merchandise to make sure well timed and ample provide and, if needed, pay a part of the contract quantity in ‌advance. Philippine Energy Secretary Sharon Garin earlier on Tuesday (March 24, 2026) ​instructed a information briefing the nation had round 45 days of gas ⁠provide based mostly on present consumption ranges.

She stated the ⁠authorities was working to acquire 1 million barrels of oil from ‌nations inside and out of doors Southeast Asia to construct its buffer inventory.