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Representative image: Lockheed Martin’s $3.45 billion Ultra Maritime acquisition highlights rising demand for anti-submarine warfare, sonar systems, sonobuoys and autonomous naval sensing across allied defence markets.

Lockheed Martin (LMT) to buy Ultra Maritime for $3.45bn as undersea warfare M&A accelerates

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Representative image of Asia’s fuel crisis deepening as the Philippines declares an energy emergency after Strait of Hormuz shipping disruptions raised fears over regional oil supply and fuel availability.

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Asia’s fuel crisis deepens: Philippines declares emergency as Strait of Hormuz shipping collapses

Philippines declares national energy emergency via Executive Order 110 as Iran conflict closes Strait of Hormuz, threatening Asia's oil supply and fuel stability.

March 26, 2026

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