Manila, March 24, 2026 – The Europe Today: Philippine President Ferdinand Marcos Jr. has declared a state of national energy emergency, citing escalating risks stemming from the ongoing Middle East conflict and rising global oil prices.
In an executive order, President Marcos warned that heightened geopolitical tensions have created uncertainty in global energy markets, disrupted supply chains, and led to significant increases in fuel costs, posing a threat to the country’s energy security, according to media reports.
To address the situation, the government has established a special committee tasked with ensuring the stable supply and distribution of essential commodities, including fuel, food, and medicines. The initiative aims to prevent shortages and safeguard economic stability amid continued global volatility.
“The declaration will enable the government to implement coordinated measures to address risks to energy supply and the domestic economy,” President Marcos said.
The state of emergency will remain in effect for one year, providing authorities with the flexibility to respond swiftly to potential disruptions in imports and fluctuations in global energy prices.
The development underscores the far-reaching impact of global geopolitical tensions, with economies beyond the immediate conflict zones increasingly facing challenges linked to energy security and market instability.
