Big fuel price increases loom due to fresh attacks in US-Iran war

MANILA, Philippines — Motorists will again have to brace for big-time oil price increases of up to P10 per liter next week. This is amid fresh attacks in the war between the United States and Iran in the Middle East. A new surge in global oil prices due to “renewed hostilities” in the oil-producing region was cited by Jetti Petroleum president Leo Bellas. READ: FUEL PRICE WATCH, Cebu: July 14 “[There was] a rekindling of supply concerns as vessel traffic in the Strait of Hormuz declined significantly,” he said in a message Thursday. The Strait of Hormuz is a crucial […]...

Keep on reading: Big fuel price increases loom due to fresh attacks in US-Iran war ...