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Middle East conflict oil price impact PH

Latest Daily Tribune news and analysis on Middle East conflict oil price impact PH.

  1. Bangko Sentral ng Pilipinas (BSP)

    BSP: Businesses turn pessimistic in July

    In its latest Business Expectations Survey, the BSP said “renewed concerns over tensions in the Middle East, higher oil prices, and persistent inflationary…

  2. Weak peso, inflation weigh on property market

    Weak peso, inflation weigh on property market

    The broader economic downturn the Philippines is currently experiencing may trigger spillover effects in the real estate market, according to property…

  3. BSP Governor Eli Remolona Jr. (left) and DEPDev Sec. Arsenio Balisacan (right)

    Remolona says Q2 growth may be higher

    The 2.3 percent gross domestic product (GDP) growth the country posted in the second quarter of 2026 may not be as low as initially reported, according to…

  4. Iraq to strengthen air defense after strikes

    Iraq to strengthen air defense after strikes

    Iraq has ordered heightened military readiness and stronger air defenses following US-Saudi strikes on pro-Iran armed groups, as regional tensions continue to…

  5. 2Q Philippine GDP growth may slow to 1.42%

    2Q Philippine GDP growth may slow to 1.42%

    Philippine economic growth could slow to as low as 1.4 percent in the second quarter as the Gulf conflict continues to weigh on the domestic economy, according…

  6. 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…

  7. 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.

  8. 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…