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Representative image of gold bars and tanker traffic in the Strait of Hormuz, illustrating why gold prices climbed to a one-month high even as the waterway was declared completely open.

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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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