From the Strait of Hormuz to your eating desk

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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