Manila: The government continues to closely monitor developments in the Middle East, President Ferdinand R. Marcos Jr. assured the public, expressing readiness to provide support should the conflict escalate.

According to Philippines News Agency, Marcos emphasized the government's commitment to overseeing new developments and preparing for potential impacts. He made these remarks after distributing cash aid to tricycle drivers at ASAC Covered Court in Sta. Mesa, Manila, reassuring citizens that assistance will be available to those affected, with a focus on maintaining livelihoods and daily commutes.

Marcos expressed hope that the ongoing crisis in the Gulf region would not significantly impact the Philippines. He conveyed confidence that the situation would not create severe disruptions and reassured the public of the government's vigilance and readiness to support citizens.

In anticipation of potential oil price shocks linked to Middle East tensions, Marcos has instructed government agencies to prepare contingency measures and implement energy-saving efforts. The administration is closely monitoring fuel prices and other potential economic effects, acknowledging that disruptions in the oil-rich region could impact global supply and transport costs.

The Philippines, heavily reliant on oil imports, is vulnerable to geopolitical tensions that could lead to increased global petroleum prices and affect local fuel costs. To address this, Marcos has certified as urgent a proposed measure to amend the Biofuels Act of 2006, aiming to mitigate the impact of rising fuel prices amid global market volatility.