A ship carrying more than 700,000 barrels of Russian crude oil has arrived in the Philippines days after the country declared a national energy emergency over the Middle East war. The Philippines is heavily dependent on imported fuel, the cost of which has hit historic highs since the US-Israeli war with Iran forced the partial closure of the Strait of Hormuz.President Ferdinand Marcos said Wednesday that the Philippines was casting a wide net in its search for fuel, with the country’s dwindling stocks expected to last only another 45 days.Garin said earlier this week that the archipelago nation also planned to boost the output of its coal-fired power plants to keep electricity costs down as the war wreaks havoc with gas shipments.Is Russia the greatest beneficially of Iran war ?
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