MANILA – Following a two-week streak of price cuts, local fuel prices are expected to jump by over PHP4 per liter next week. The upcoming surge is driven by international market spikes, triggered by diminishing optimism over…
Oil prices fell sharply after President Donald Trump said he would order U.S. forces to hold off on new strikes against Iran, claiming that a deal to end the fighting in the Middle East was near. A resolution to…
CEBU CITY, Philippines – Filipino motorists absorbed another round of pump price increases this week as the conflict in the Middle East continued to impact global oil markets. But the Department of Energy (DOE) said that fresh…
Oil prices dropped sharply at Monday’s opening of Asian markets as investors breathed cautious sighs of relief following two consecutive nights without US strikes on Iran, leaving the door open for new talks. The price of a…
TEHRAN — Fresh violence erupted across the Middle East early Monday as the United States launched another wave of strikes on Iran, Kuwait intercepted drones, and Tehran’s Revolutionary Guards claimed to have targeted an “enemy command center”…
MANILA, Philippines — Motorists will again have to brace for big-time oil price increases of up to P10 per liter next week. This is amid fresh attacks in the war between the United States and Iran in…
Oil prices rose, and stock markets dropped in shaky trading worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 fell as much as 1.1% after Trump said the ceasefire agreement was…
BANGKOK (AP) — After the U.S. and Iran signed their initial deal on ending the war, shares surged Thursday in Asia, with benchmarks in Japan and South Korea hitting fresh records. The rally in Asia followed a retreat Wednesday…
WASHINGTON – President Donald Trump announced that the U.S.–Iran deal will be finalized on Sunday, June 14, leading to the complete unblocking of the Strait of Hormuz. In a Truth Social post, Trump announced that the deal…
With summer around the corner, soaring prices and other complications from the war with Iran are straining the tourism-dependent economies of countries in Southeast Asia, including Thailand and Vietnam. The region’s peak tourist summer season is at risk as elevated…
TEHRAN — Iran President Masoud Pezeshkian on Saturday urged his citizens to save electricity, warning that while there were no shortages at present, the US and Israel planned to sow “dissatisfaction” among the Iranian people. “We have…
Oil prices extended gains on Friday, and stocks struggled as investors worried about a lack of progress in ending the Middle East crisis, with Tehran keeping the Strait of Hormuz closed and the US maintaining a blockade…
