Crisis
Iran conflict deepens LPG crisis: Government escalates with Essential Commodities Act
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Building on March 5 directive to refineries, the government invoked the Essential Commodities Act on March 10, 2026, amid worsening LPG shortages from the Iran conflict and Strait of Hormuz disruptions. Commercial supplies have halted, severely impacting hotels, restaurants, and crematoriums across India, while prioritizing domestic use.
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.
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President Ferdinand Marcos Jr. said grounding airplanes is a distinct possibility amid soaring oil prices caused by the Iran-Israel war. In an exclusive Bloomberg interview, he cited scarcity of crude oil supplies and longer refining times. Inflation in the Philippines is expected to rise due to the ongoing fuel crisis.
State company Habanos S.A. announced the suspension of the 26th Habano Cigar Festival, scheduled for February 24–27, without setting a new date. The decision comes amid the island's worst energy crisis in decades, featuring severe fuel rationing and economic collapse. The company stated the move aims to preserve the event's quality standards.
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Cuba is grappling with an acute economic crisis reminiscent of the 1990s 'Special Period,' marked by fuel shortages and paralyzed transportation. Authorities and social media voices are invoking the ghost of the 'zero option,' where imports could drop to zero. Government measures focus on medium- and long-term solutions, while the immediate situation remains uncertain.
Due to a severe fuel shortage worsened by the U.S. intervention in Venezuela, Cuban hospitals have halted surgeries and outpatient transport, while some hotels are closing. President Miguel Díaz-Canel acknowledged difficult times but promised creative resistance. The United Nations warns of a potential humanitarian collapse.
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Örebro Hockey suffered a crushing 0-3 home loss to Färjestad, leaving the team just on goal difference from the relegation playoffs with eleven matches remaining. Captain Glenn Gustafsson urges focus on securing their own points, while coach Niklas Eriksson faces intense scrutiny. Sport chief Henrik Löwdahl acknowledges shared responsibility in the crisis.
Senate panel sets hearing on Middle East crisis
March 21, 2026 07:19IEA proposes telework and worldwide peak-and-plate to cut fuel use
March 17, 2026 22:07Havana paralyzed in wake of national power grid collapse
March 12, 2026 16:51Ethiopia issues emergency fuel utilization directive amid global supply crisis
March 06, 2026 09:39Sweden sends healthcare personnel to Middle East
February 13, 2026 05:20Mashatile convenes task team to stabilise Gauteng water supply
February 11, 2026 22:43Cuban peso hits historic low of 500 per dollar in informal market
February 10, 2026 19:20Rappler hosts AMA on education crisis with EDCOM 2 director
February 08, 2026 20:28Blackouts to affect 59% of Cuba during peak hours this Sunday
February 07, 2026 05:49Spd leaders emphasize optimism in ongoing crisis