‘US imperialism’: Anger in Philippines as war with Iran sends oil prices soaring

🌐 AFP (PH) —
‘US imperialism’: Anger in Philippines as war with Iran sends oil prices soaring

AI Summary

The Philippines experiences rising oil prices amid tensions over the Strait of Hormuz, blamed largely on US actions regarding Iran. The closure impacts global oil markets and fuels local anger in Manila against perceived US imperialism.

As Washington continues to struggle to reach an agreement with Iran that would permanently open the Strait of Hormuz, the impact of its closure is still being felt around the world, not least in the Philippines, where rising oil prices have pushed many to breaking point and anger, mostly directed to the US, has spilled into the streets. From Manila, our correspondent Jan Camenzind Broomby reports.

World Conflict Politics Markets Commodities Energy Philippines oil prices Strait of Hormuz US Iran energy markets protests

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