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World Economy Mar 28, 2026

Philippine transport workers rally over soaring fuel costs as President Marcos declares national energy emergency

Transport operators across the Philippines staged a two‑day strike demanding price controls as fuel…
Jeepney driver Arturo Modelo of Manila says his daily earnings have collapsed to roughly one‑third of the usual 600 pesos after fuel costs surged, leaving him unable even to afford his child’s lunch money.Modelo joined a two‑day transport strike on Thursday and Friday, hoping to make a “deaf government” listen to the plight of drivers who can no longer earn a living on the road.The iconic jeepney, born from repurposed U.S. military vehicles after World War II, remains the most affordable commuter option in the Philippines, yet its operators are now bearing the brunt of a global oil shock.Last week, jeepney owners walked out, and this week the protest expanded to include bus, taxi, minibus and motorcycle‑taxi drivers. Nearly a dozen national transport groups marched to the Presidential Palace demanding price caps on petrol and diesel, the removal of fuel taxes, and stricter regulation of the oil sector.Organised under the No to Oil Price Hike Coalition, the demonstrators also blamed “American aggression” against Iran for the domestic economic distress, with union chair Jerome Adonis likening the impact to “a bomb dropped on us”.In response, President Ferdinand Marcos Jr declared a national energy emergency on Tuesday night – the first such declaration in the country’s history. The emergency, set to last one year, grants the government powers to accelerate fuel procurement, curb hoarding and curb profiteering.Fuel prices remain among the highest in Southeast Asia: diesel is now about $2.3 per litre and petrol close to $2 per litre in the Philippines, versus $2.7 and $2.35 respectively in Singapore, while Malaysia, Vietnam and Thailand report roughly half those prices.To alleviate the burden, the administration has introduced a 5,000‑peso ($83) subsidy for motorcycle‑taxi drivers and other public‑transport workers, and disbursed 2.5 billion pesos (≈$414 million) in fuel subsidies to roughly 300,000 transport employees. Unions claim the sector employs about two million people, leaving many without aid.During the strike, picket lines appeared at 85 commuter terminals, and jeepneys were scarce on Manila’s usually congested streets. Authorities, however, argued that the action did not cripple the city’s transport network.Union leader Mody Floranda of the Piston group accused President Marcos of favouring oil companies, saying the president could issue an executive order to cap prices but has yet to act decisively.Energy officials note that 98 % of the Philippines’ crude oil is imported and that the country’s high 12 % value‑added tax, excise duties and a deregulated market – shaped by the Oil Industry Deregulation Law of 1998 – amplify price volatility. Professor Krista Yu of De La Salle University highlighted the nation’s limited refining capacity as a structural weakness.Chief economist Emmanuel Leyco warned that the law allowing industry‑driven price adjustments “is the main culprit”, especially as “half the population is poor”.Amid mounting pressure, Marcos signed legislation permitting the temporary suspension of fuel excise taxes when crude oil prices exceed a set threshold. Opposition lawmaker Renee Co urged that the 12 % VAT also be removed, calling both taxes “regressive” burdens on ordinary Filipinos.Co and other lawmakers have also filed a resolution demanding an immediate end to the U.S.‑Israel‑Iran conflict, linking regional geopolitics to the domestic fuel crisis.
#fuel #transport #oil
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News Mar 28, 2026

Houthi Rebels Launch First Missile Attack on Israel Amid Escalating US-Iran War

Yemen's Houthi rebels have launched their first missile attack on Israel, escalating tensions in th…
Yemen's Houthi rebels have launched a barrage of ballistic missiles at Israel, marking their first such attack since the US-Israel war on Iran began. The assault was announced by Brigadier-General Yahya Saree, a military spokesman for the Houthis, on their Al-Masirah satellite television. The attack targeted what Saree described as 'sensitive Israeli military sites' in southern Israel. The Israeli military reported intercepting one of the missiles. This development comes as Iran and Hezbollah continue to fire on Israel, with sirens sounding around Beer Sheba and near Israel's main nuclear research centre. Saree stated that the strikes 'will continue until the declared objectives are achieved, as stated in the previous statement by the armed forces, and until the aggression against all fronts of the resistance ceases'. This escalation follows a vague statement by Saree on Friday signaling the rebels' intention to join the conflict. The Houthis, who have controlled Yemen's capital, Sanaa, since 2014, had previously stayed out of the US-Israel war. However, they have been involved in attacks on shipping vessels during the Israel-Hamas war, disrupting commercial transit in the Red Sea. Over 100 merchant vessels were attacked with missiles and drones, resulting in two ships sinking and four sailors killed between November 2023 and January 2025. Experts consider the Houthis' entry into the US-Israeli war on Iran as 'very significant'. Mohamad Elmasry, a professor of Media Studies at the Doha Institute for Graduate Studies, noted that if the Houthis were to shut down the Bab al-Mandab Strait, the Red Sea, and the Suez Canal, it would impact two major international shipping waterways, alongside the Strait of Hormuz. Al Jazeera's Nida Ibrahim reported from Ramallah that the opening of a new front in the war is likely to raise questions in Israel about 'the viability of the operations and the way the government is conducting its war'. She expects Israel to retaliate to this attack, as seen in previous instances when Yemen joined the battle.
#war #houthis #israel
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Politics Mar 28, 2026

Tehran Missile Strike Sparks Urgent Rescue Efforts in South Tehran

A missile strike in south Tehran has prompted a rapid response from rescue workers to save lives an…
A devastating missile strike hit south Tehran, prompting an immediate and intense rescue effort. Emergency responders rushed to the scene to provide aid and assess the damage caused by the attack. The incident has raised concerns about the security situation in the region and the potential for further escalation. Details about the strike, including the number of casualties and the extent of the damage, are still emerging. Rescue workers are on the ground, working tirelessly to search for survivors and provide medical assistance to those affected. The situation remains fluid, with authorities likely to provide more information as it becomes available.
#Iran #Tehran #IRGC
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Video Mar 28, 2026

Iran Football Team Pays Tribute to Children Killed in Minab School Airstrike

Iran's football team honors children killed in a Minab school airstrike, showing solidarity and res…
Iran's national football team has paid a heartfelt tribute to the children who lost their lives in a tragic Minab school airstrike. The team's gesture has garnered widespread attention and respect, highlighting the intersection of sports and social issues.The tribute was a significant display of solidarity, showcasing the team's commitment to acknowledging and honoring the victims of the airstrike. This act not only reflects the team's empathy but also Iran's broader stance on such critical issues.The incident had a profound impact, sparking conversations about international relations and the humanitarian aspects of conflicts. By honoring the children, Iran's football team has contributed to keeping the memory of the victims alive and honoring their legacy.
#iran #football #team
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World Economy Mar 28, 2026

Middle East Pipelines Offer Alternative to Strait of Hormuz for Oil Exports

The ongoing conflict between the US and Israel and Iran has severely disrupted shipping traffic thr…
The Strait of Hormuz, a critical waterway for global oil exports, has seen its traffic plunge by over 95 percent since the US and Israel began strikes on Iran. This disruption has led to a significant increase in pressure on oil and gas markets, with 20 percent of the world's oil and gas typically passing through the strait.To mitigate the impact of the strait's closure, countries in the Middle East are turning to alternative routes for energy exports. Three major pipelines in the region are being explored as potential solutions:Saudi Arabia's East-West PipelineThe East-West Pipeline, also known as the Petroline, is operated by Saudi oil giant Aramco. With a capacity of 7 million barrels per day (bpd), the pipeline runs from the Abqaiq oil processing centre to the Yanbu port on the Red Sea. However, it currently only has the capacity to supply 5 million bpd for exports.UAE's Abu Dhabi Crude Oil PipelineThe Abu Dhabi Crude Oil Pipeline, also called the ADCOP or Habshan-Fujairah pipeline, has a capacity of 1.5 million bpd. Oil exports from Fujairah have risen in the past month, averaging 1.62 million bpd in March compared to 1.17 million bpd in February.Iraq-Turkiye Crude Oil PipelineThe Iraq-Turkiye Crude Oil Pipeline, also called the Kirkuk-Ceyhan Pipeline, has a capacity of 1.6 million bpd but currently only carries around 200,000 bpd. Iraq is among the top five global producers of oil and the second largest within the Organization of the Petroleum Exporting Countries (OPEC).Can these pipelines replace the Strait of Hormuz?While these pipelines can take on some of the capacity of Hormuz, their combined capacity is only around 9 million bpd, compared to 20 million bpd for the strait. Additionally, these pipelines are land-based and vulnerable to attacks and damage in the ongoing conflict.
#uae #iraq #pipelines
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Video Mar 28, 2026

Israel Launches Strikes on Key Iranian Industrial and Nuclear Facilities

Israel has conducted a series of attacks on major industrial and nuclear sites in Iran, escalating …
Reports have emerged of Israeli strikes targeting significant industrial and nuclear facilities in Iran. The nature and extent of the damage are not yet fully disclosed.The incident marks a significant escalation in the ongoing conflict between Israel and Iran, with potential implications for regional stability and global security.The Israeli military's actions have been widely reported, though official statements from Israel remain scarce.
#israel #attacks #major
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Video Mar 28, 2026

Drone Footage Exposes Extent of Iranian Missile Devastation in Israel's Arad

A drone has captured the aftermath of an Iranian missile attack on the Israeli city of Arad, reveal…
A recent drone operation has provided a comprehensive view of the destruction caused by an Iranian missile strike in the Israeli city of Arad. The aerial footage showcases the extent of the damage inflicted upon the city, highlighting the severity of the attack.The drone's revelations come as a significant development in understanding the impact of Iranian missile strikes on Israeli territories. The city of Arad, located in the southern part of Israel, has been a focal point of recent tensions between Iran and Israel.The use of drone technology to assess and document damage is a critical tool in modern conflict zones, allowing for precise evaluations of the aftermath of such attacks. This footage serves as a testament to the evolving nature of modern warfare and the increasing reliance on advanced technology for both offensive and defensive operations.
#drone #reveals #extent
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Politics Mar 28, 2026

Beirut Suburbs Hit by Massive Israeli Airstrike, Smoke Rises

A massive Israeli airstrike has targeted the suburbs of Beirut, resulting in smoke rising over the …
A powerful Israeli airstrike has struck the suburbs of Beirut, causing significant smoke to rise over the area. The incident has heightened tensions in the region, reflecting the ongoing Middle East conflict between Israel and Lebanon.The airstrike is a notable escalation in the ongoing conflict between the two nations. Beirut, being the capital of Lebanon, is a critical location in these tensions.The situation remains fluid, with international attention focused on the developments in the region. The Israeli airstrike on Beirut suburbs underscores the complex and volatile nature of Middle East relations.
#Beirut #Israel #Hezbollah
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Politics Mar 28, 2026

Pakistan’s Quiet Power Play: From the 1971 US‑China Backchannel to 2026 Iran Ceasefire Mediation

Pakistan has once again positioned itself as a crucial backchannel, relaying a U.S. 15‑point cease‑…
Islamabad has re‑emerged as a pivotal conduit between Washington and Tehran, delivering a U.S. 15‑point cease‑fire proposal on March 25, 2026, as the US‑Israeli campaign against Iran enters its second month. Foreign Minister Ishaq Dar confirmed that Pakistan is transmitting the proposal, with Turkey and Egypt offering additional diplomatic backing. Chief US negotiator Steve Witkoff later verified Pakistan’s role as a messenger, and President Donald Trump announced a 10‑day pause on planned strikes against Iranian power plants, citing a request from Tehran. Iran has denied direct talks, yet the pause marks the second deferment of Trump’s original threat, underscoring Pakistan’s function as a key diplomatic facilitator in a high‑stakes conflict. The pattern is not new. In August 1969, President Nixon tasked Pakistan’s military ruler Yahya Khan with opening a channel to Beijing. Two years later, a secret flight carried U.S. Secretary of State Henry Kissinger from Islamabad to China, paving the way for Nixon’s historic 1972 visit and the eventual U.S. recognition of the People’s Republic of China. Analysts note that Pakistan’s unique position—maintaining working ties with both Washington and Beijing—made it the only trusted intermediary capable of handling such a sensitive mission, a view echoed by former ambassador Masood Khan. Beyond the Cold‑War episode, Pakistan has repeatedly leveraged its geography and Muslim‑world connections. It served as the primary conduit for U.S., Saudi and Chinese support to the Afghan mujahideen in the 1980s, helped broker the 1988 Geneva Accords that ended the Soviet occupation, and hosted the 2015 Murree talks between the Taliban and the Afghan government. During the 2020 Doha Agreement, Pakistani pressure on the Taliban was cited by U.S. envoy Zalmay Khalilzad as instrumental, though the rapid U.S. withdrawal and subsequent Taliban takeover left Pakistan’s long‑term interests ambiguous. Efforts to mediate Saudi‑Iran tensions have been less fruitful. In 2016, Prime Minister Nawaz Sharif’s shuttle diplomacy failed to produce a formal agreement, and a 2019 outreach by Prime Minister Imran Khan, prompted by President Trump, yielded no concrete outcome. When China facilitated the 2023 Saudi‑Iran rapprochement, Pakistan’s foreign office claimed it had laid the groundwork, but analysts still view the result as a Chinese‑led success. Pakistan’s brief 2005 overture to Israel, led by Foreign Minister Khurshid Mahmud Kasuri, similarly collapsed under domestic opposition, illustrating the limits of its diplomatic reach when internal politics intervene. Since the launch of Operation Epic Fury—the US‑Israeli air campaign that began in late February 2026 and resulted in the death of Supreme Leader Ali Khamenei—Pakistan’s leadership has intensified back‑channel activity. Prime Minister Shehbaz Sharif has held multiple calls with Iranian President Masoud Pezeshkian, while Army Chief Field Marshal Asim Munir spoke directly with President Trump. Both officials have also visited Saudi Arabia, where Pakistan signed a mutual defence pact in September 2025. Former ambassador Naghmana Hashmi observes that Pakistan’s diplomatic narrative is often eclipsed by conflict, yet a “quieter, more consistent thread” persists: the state’s effort to turn its strategic location and Muslim‑world ties into a lever for peace. Whether the current cease‑fire talks will yield a durable settlement remains uncertain. What is clear, however, is that Pakistan enjoys a rare blend of trust from Washington, Tehran and Gulf capitals—a leverage few regional actors possess.
#Pakistan #United States #Iran
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