And what kind of performance can we claim when the government itself is hobbled? Rising national debt that has breached historic highs, loss of public trust due to massive, unresolved corruption scandals, and a daily gut-punch to the Filipino consumer — the cost of fuel.
This is where foreign policy hits the pump.
Iran now says it will reopen the Strait of Hormuz within seven days if the US lifts its blockade of Iranian ports. World oil prices tumbled three percent on the news. On paper, it was good news for import-dependent countries like ours.
But read the fine print.
Tehran has been consistent: the Strait is “open to most, but closed to our enemies.” Foreign Minister Abbas Araghchi said passage is barred for tankers belonging to the US, Israel, and their allies.
Where does that leave the Philippines?
We host nine EDCA bases for the US. We are treaty-allied with Washington in every exercise and statement. In the eyes of Tehran, we are not neutral. While Iran eases passage for friends like China, it remains restrictive for us because of our alliance with the US.
China, a friend of Iran, watches and benefits. The Philippines, ally of America, pays the risk premium at the pump. Our strategic subservience has a price, paid for by the jeepney driver in Davao and the commuter in Manila.
Had the Marcos government continued to adopt the foreign affairs dictum, “Friend to All and Enemy to None,” of former President Rodrigo Duterte then our neutrality would have been a ticket to free passage in the Strait of Hormuz.