No price drop soon despite Hormuz pass for PH-bound oil

MANILA, Philippines — Despite Iran’s promise to allow safe passage for Philippine-bound oil through the Strait of Hormuz, it is unlikely that fuel prices at the pump would soon come down from where they have risen since the Middle East conflict erupted on Feb. 28, petroleum industry sources said on Saturday. Manila obtained Tehran’s assurance […]... Keep on reading: No price drop soon despite Hormuz pass for PH-bound oil

Go to News Site