Over 396,000 households face poverty risk as Middle East oil shock ripples through PH economy

🟡 Neutral The Global Filipino Magazine 2026-05-12
The ongoing Middle East oil price crisis poses a significant poverty risk to Filipino families, with a worst-case scenario potentially impacting over 396,000 households. The government is urged to expand its cash aid program to include low-income families at risk of poverty. Despite a stable fuel supply, Filipinos are encouraged to continue energy-saving habits.
경제제재유가영향석유제재에너지시장중동안보
Source: The Global Filipino Magazine (theglobalfilipinomagazine.com)
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