“The US-Iran peace deal is a welcome development that provides immense relief, as it is expected to stabilize the global energy market. The anticipated reopening of the Strait of Hormuz and the unrestricted flow of petroleum products will help ease inflationary pressures, bringing much-needed respite to ordinary Filipino consumers who have been reeling from fuel price spikes since March.

As markets stabilize, the government must seize this window to strengthen long-term energy security, including fast-tracking renewable energy projects to cushion the country from future supply shocks.

Ipinapakita ng krisis na hindi makakamit ang tunay na soberanya kung walang seguridad sa enerhiya. Handa ang Senado na isulong ang mga hakbang upang palakasin ang pamumuhunan at tiyakin ang sapat, abot-kaya, at maaasahang suplay ng enerhiya.”

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Photo by Mark Cayabyab / OS WIN GATCHALIAN