MANILA, Philippines – The Philippine peso sank to a new record low in morning trading on Monday as the prolonged war in the Middle East pushed global energy prices higher and fueled a flight to safe-haven assets. READ: Crude oil prices surpass $100/barrel as Iran war rages on The local currency weakened to an intraday low of 59.7 per US dollar in early trading, 70 centavos weaker than its previous close. The drop surpassed the prior intraday record of 59.50 and fell well beyond the all-time low closing level of 59.46.... Keep on reading: Peso falls to new record low of 59.7:$1 amid Middle East crisis