Last mentioned: Mar 25, 2026
Discharge Deadline
Final date for sanctioned Iranian oil to be discharged under current US waiver.
Russian Import
Expected arrival of first Russian crude shipment in five years under a 30-day waiver.
Diplomatic Confirmation
Ambassador Romualdez confirms ongoing talks with US State Dept for sanctions waivers.
Emergency Declaration
Philippines declares a one-year national energy emergency due to Middle East war fallout.
Supply Assessment
Government reports 45-day fuel buffer; US issues 30-day waiver for Iranian oil already at sea.
The Philippines has declared a one-year national energy emergency, prompting high-level negotiations with Washington for sanctions waivers to import oil from Iran, Russia, and Venezuela. Faced with a 45-day supply buffer and escalating Middle East tensions, Manila is pivoting toward sanctioned energy sources to stabilize its domestic power and logistics sectors.