Energy Crisis
Iran-Israel war escalates with Strait of Hormuz closure
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The ongoing war between Iran and Israel has intensified, with missile exchanges and the continued closure of the Strait of Hormuz disrupting global oil supplies. Oil prices have surged above $100 per barrel, fueling market declines and inflation fears worldwide. Governments are responding with measures to stabilize energy markets amid concerns over prolonged conflict.
President Ferdinand Marcos Jr. said the Philippines will push through with hosting the ASEAN summits in May and November 2026 on a ‘very bare-bones’ scale, focusing on energy and food security as well as migrant workers amid the Middle East conflict.
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Vice President Sara Duterte's camp frames her impeachment proceedings as a political distraction from the escalating energy crisis, while House lawmakers assert they can address both accountability and economic challenges.
In San Jose de las Lajas, residents gather every night at a small burger stand lit by a generator, seeking light and internet amid prolonged blackouts. The town plunges into darkness for more than ten hours, disrupting daily life. Locals share stories of frustration and adaptation in the face of Cuba's energy crisis.
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In fall 2025, Cuba endures one of its worst energy crises in decades, with blackouts plunging communities from Santiago to Pinar del Río into darkness. The national grid operates below half of peak demand due to fuel shortages and infrastructure failures. New solar projects offer some hope, but the country struggles to sustain power.