Marcos: PH to take advantage of 2-week ceasefire but fuel relief uncertain
MANILA, Philippines — The Philippines will take advantage of the two-week ceasefire between the US, Israel and Iran, President Ferdinand Marcos Jr. said on Wednesday, April 8.
However, Marcos tempered expectations, saying that two weeks may not be enough to fully return fuel prices to normal.
“We will take full advantage of the two weeks to increase our supply as much as possible and to continue to make whatever arrangements are possible. We are all hoping and praying that the two-week ceasefire will extend further if the talks go well,” Marcos said in a video statement.
Apart from the two-week ceasefire, Marcos said that the country will also take advantage of its agreement with Iran that allowed Philippine-flagged vessels through the Strait of Hormuz.
Marcos said he hoped that it was enough to bring down the prices of fuel products, but said that the situation is unpredictable.
“It's so volatile, two weeks may not be enough time to bring the prices down,” Marcos added.
The president said that this also meant that Filipino seafarers are safer whenever they travel through the Strait.
They will now be able to do their jobs, said Marcos.
The president had met with the Private Sector Advisory Council to discuss job and livelihood measures for overseas Filipino workers who returned from the Middle East because of the war.
Shortly after US President Donald Trump threatened to decimate Iran, Washington, Tel Aviv, and Tehran came to a two-week ceasefire agreement, which reportedly included a reopening of the Strait of Hormuz—the vital passage where 20% of global fuel supplies travel through.
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