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Following the first 142,000-barrel shipment that arrived on March 26, the Philippine government has secured a total of 1.04 million barrels of diesel to bolster the country's fuel buffer amid the global oil crisis. The remaining 900,000 barrels are expected next month, helping maintain stocks above minimum levels during the energy emergency.

29. mars 2026 Rapportert av AI

Oil prices jumped 3% on Monday, March 29, with Brent crude nearing $120 per barrel, building on last week's rally triggered by US-Iran threats. Escalating conflicts, including fears of a US ground offensive in Iran and Iran-aligned Houthi attacks on Israel, fueled the surge amid supply disruptions in key shipping lanes.

India's Reserve Bank of India (RBI) has limited banks' net open positions in rupee foreign exchange dealings to $100 million per day, aiming to curb speculation and stabilize the currency. The measures respond to rupee depreciation driven by the Iran war, depleting reserves, rising crude oil prices, and USD-INR fluctuations.

28. mars 2026 Rapportert av AI

The Senate's probe into the government's response to the Middle East crisis is targeting oil companies for potential profiteering as fuel prices rise sharply. Sen. Sherwin Gatchalian voiced concerns over firms selling old fuel stocks at elevated prices. Sen. Bam Aquino called for a price freeze on essential goods.