Emergency measures: Bracing for the oil crisisAs tensions rise in key oil-producing regions, significant global supply disruption is occurring with Brent crude showing volatility since the start of the conflict. The situation today must not be treated as a routine fluctuation, but as a potential crisis requiring decisive and coordinated action. A next priority is managing the domestic impact of rising oil prices that ripple across the economy. Our natural advantages in solar, wind and geothermal energy can help shield us from global oil price spikes. The United States and its allies are focused on stabilizing oil markets and reshaping the global energy landscape through innovation, strategic reserves and strengthened partnerships.

Source: Philippine Star March 28, 2026 16:36 UTC