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A fact-check confirmed that two Philippine ships successfully passed through the Strait of Hormuz following a safe passage agreement between the Philippines and Iran, debunking earlier claims to the contrary.
The US-Iran conflict continues to fuel a global energy shock, with oil prices surging and Asian stocks falling after Trump's vows. The UK is experiencing unprecedented fuel price rises, while Saudi Arabia explores its East-West pipeline as an alternative to the Strait of Hormuz chokehold, all contributing to a broader economic slowdown and inflation.
The Maritime Industry Authority (MARINA) has issued a security directive to all Philippine?registered vessels engaged in international voyages following the sharp escalation of the conflict between the United States and Iran.