Oil prices for PH unlikely to fall soon despite Hormuz passage

MANILA, Philippines — Despite Iran’s assurance of safe passage for Philippine-bound oil shipments through the Strait of Hormuz, fuel prices at the pump are unlikely to decline anytime soon from their elevated levels following the outbreak of the Middle East conflict on Feb. 28, according to petroleum industry sources. Manila obtained Tehran’s assurance following a […]... Keep on reading: Oil prices for PH unlikely to fall soon despite Hormuz passage

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