Oil prices in C. Visayas won’t stabilize soon despite truce extension

CEBU CITY — Oil prices in Central Visayas, and virtually in the rest of the world, won’t likely return to their pre-Iran war levels despite recent rollbacks and the extension of a fragile ceasefire in the Middle East. Structural supply disruptions and climate risks continue to weigh on global energy markets, according to regional economists. “Fuel prices may not return to pre-war levels anytime soon,” Jennifer Bretaña, director at the Department of Economy, Planning, and Development in Central Visayas (DepDev-7), said.  READ: FUEL PRICE WATCH, Cebu – April 21, 2026 Even with a ceasefire extension, she warned that supply constraints […]... Keep on reading: Oil prices in C. Visayas won’t stabilize soon despite truce extension

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