Topic

Middle East conflict economic impact

Latest Daily Tribune news and analysis on Middle East conflict economic impact.

  1. Iranian Foreign Minister Abbas Araghchi

    Iran discusses Hormuz with Oman, Saudi Arabia

    Iran’s foreign minister discusses the Strait of Hormuz with Oman and Saudi Arabia as regional tensions continue following the Middle East conflict and…

    1 MIN READ

  2. PUMP pain returns Motorists queue at a gasoline station along Soriano Avenue in Manila as the Department of Energy announces another sharp increase in pump prices, driven by renewed tensions in the Middle East that continue to rattle global oil markets.

    Motorists taking more shellacking

    The projected increase follows this week’s hefty pump price hikes of P10.68 per liter for diesel and P3.65 per liter for gasoline.

    3 MIN READ

  4. FITCH Solutions unit BMI said the peso could weaken further to P63 per US dollar this year as tensions in the Middle East persist. However, the research firm expects the local currency to regain some ground toward the end of the year, supported by stronger holiday remittance inflows, which typically boost demand for the peso.

    Peso may reach P63 per USD amid Gulf risks

    The Philippine peso may weaken to a record P63 against the US dollar, according to BMI, as Middle East tensions, rising oil prices, a stronger greenback and…

    2 MIN READ

  5. FILE photo

    Stocks, peso end week with gains

    Market sentiment improved after various reports, including from prominent Saudi-owned Al Arabiya, a leading news network in the Middle East, of diplomatic US…

    2 MIN READ