From the Strait of Hormuz to your eating desk

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Contents

The International Worth Shock Brent Futures Shock Absorption

The International Worth Shock

As of March 16, 2026, crude oil has soared to just about $115 per barrel, up from $72 earlier than the conflict—an almost 59% worth surge. Different traded industries are additionally dealing with important pressure, significantly agriculture and minerals, with the US recording a fertilizer provide deficit exceeding 25%.

Feb 27 (Pre-Conflict)

<$72.00

Baseline

March 13

~$103.14

+43.25%

March 19 (Peak)

~$115.00

+59.72%

Brent Futures

As assaults unfold, Brent Crude futures soar, sending shockwaves by way of world markets.

Shock Absorption

The Philippines, like most oil importers, can solely accomplish that a lot past absorbing the shock. The nation lacks the strategic reserves and financial instruments to defend shoppers.

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