Global energy crisis deepens: The Philippines declares year-long national emergency amid Hormuz blockade
The Philippines, Bangladesh, Pakistan and others rely on Hormuz for 75% to 95% of their oil. Blockade equals hyperinflation, fuel shortages and GDP collapse. Gulf natural gas fuels global ammonia/urea production. Blockade equals skyrocketing fertilizer costs …
The Philippines, Bangladesh, Pakistan and others rely on Hormuz for 75% to 95% of their oil. Blockade equals hyperinflation, fuel shortages and GDP collapse. Gulf natural gas fuels global ammonia/urea production. Blockade equals skyrocketing fertilizer costs …
<ul><li>The Philippines, Bangladesh, Pakistan and others rely on Hormuz for 75% to 95% of their oil. Blockade equals hyperinflation, fuel shortages and GDP collapse.</li><li>Gulf natural gas fuels gl…
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