Red Sea shipping slows after Houthi attack on Saudi Arabia, data shows
Data shows 11 commodity vessels pass through the Bab el-Mandeb strait on Sunday, the lowest level in months
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Another fuel price hike set for July 28
The increase follows last week’s big jump, when diesel rose by P10.68 per liter and gasoline by P3.65 per liter
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Maharlika Fund: A top taxpayer with billions barely invested
Three years after its creation, the overwhelming majority of Maharlika’s capital still sits in banks collecting interest, though the sovereign wealth fund has cautiously started investing in ports, power, and mining
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Fuel price rollback set for August 4 after weeks of hikes
The latest rollback suggests some easing after global oil and refined fuel prices surged in late July due to renewed tensions in the Middle East
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Fuel price hike again on August 18 after last week’s rollback
The increase undoes part of last week’s price cuts, with diesel again under pressure
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US vows ‘economic D-Day’ as Iran threatens to halt all oil exports
The warring nations have not conducted military strikes against each other for weeks, but they also have not engaged in meaningful talks to end the six-month-old conflict
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Fuel prices rise again on August 25
(1st UPDATE) The latest increase follows last week’s hike, marking the second straight week of rising fuel prices
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US threatens countries doing business with Iran
As the war with Iran nears its six-month mark, US Treasury Secretary Scott Bessent says the US is launching an ‘economic onslaught’ against Iran’s financial connections around the globe
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Fuel prices roll back after 2 weeks of hikes
It’s welcome news after motorists suffered through a rough August with pump prices swinging sharply due to the continuing conflict in the Middle East
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Big fuel price hike set for September 8 after last week’s rollback
Despite last week’s price cuts, diesel and gasoline are again under pressure from Middle East tensions, tight fuel supply and a weaker peso
