← March 25, 2026 briefing
Iran war ripples out: oil slides, Philippines declares energy emergency
Economy

Iran war ripples out: oil slides, Philippines declares energy emergency

The ongoing US-Israel war on Iran has sent shockwaves through global energy markets, with oil prices dropping on peace-talk speculation while the BlackRock CEO warns that sustained $150-per-barrel oil would trigger a global recession. Philippine President Ferdinand Marcos Jr. has declared a year-long national energy emergency, with the country now leaning harder on coal to plug the gap.

Sources
US oil price tumbles in latest bout of market volatility

US oil price tumbles in latest bout of market volatility

Financial Times · Mar 24

Philippines declares ‘national energy emergency’ and boosts coal power as Iran war grinds on

Philippines declares ‘national energy emergency’ and boosts coal power as Iran war grinds on

The Guardian · Mar 25

'Most difficult decision ever': Receipts Podcast hosts step down after 10 years

'Most difficult decision ever': Receipts Podcast hosts step down after 10 years

BBC · Mar 25

Mar 25

Philippine president declares energy emergency as impact of Iran war felt

Al Jazeera · 1:46 AM

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