Philippines Says Nations Must Honor Oil Pacts Amid Export Curbs

🌐 Bloomberg (PH) —

AI Summary

The Philippines is actively negotiating with Indonesia and Russia to secure its fuel supply amid ongoing conflict in the Middle East affecting global oil exports. Energy Secretary Sharon Garin emphasized that nations must honor existing trade contracts despite the disruptions caused by the Iran war. The talks reflect growing concerns about energy security across Southeast Asia.

The Philippines is in talks with Indonesia and Russia as the nation races to secure its fuel supply, according to Energy Secretary Sharon Garin, who said countries must honor trade contracts as the Iran war rages on.

World Security Politics Markets Commodities Energy Shipping Philippines energy security oil supply Indonesia Russia Middle East conflict fuel trade Sharon Garin

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