Marcos: Flight groundings possible due to fuel shortageMANILA, Philippines — President Ferdinand Marcos Jr. said that grounding airplanes is a "distinct possibility” amid soaring oil prices caused by the Iran-Israel war. Marcos, in an exclusive interview with Bloomberg, said that there is a scarcity of crude oil supplies, adding that refining takes longer time. Asked if the Philippines will have to ground planes, Marcos said it was not out of the question. It’s a distinct possibility,” he said. Fuel prices in the Philippines have surged by double digits per liter—a record high.

Source: Philippine Star March 24, 2026 23:04 UTC