MANILA, Philippines – An umbrella group of Philippine exporters on Sunday warned that the recent flare-up in tensions in the Middle East could drive up fuel, shipping and logistics costs, and potentially hurt the country’s export competitiveness if the conflict widens. In a statement, the Philippine Exporters Confederation Inc. (Philexport) said a spike in oil prices and disruptions to air and shipping routes are among the immediate risks facing exporters as hostilities involving the United States, Israel, and Iran intensify. The group noted that the Philippines, a net oil-importing economy, is particularly vulnerable to fuel price hikes, which could translate […]... Keep on reading: PH exporters warn of trade disruptions amid Middle East tensions