Trade
4 reports
Shipment, Travel Disruptions Continue Following Outbreak of US-Iran Conflict; Oil Prices Expected to Increase in Following Weeks
Joint US-Israel strikes on Iran have killed hundreds, including senior leaders, triggering regional retaliation. The conflict has surged oil prices toward USD 120 per barrel and disrupted global shipping. The Philippines faces rising fuel costs and risks to over one million OFWs.
Recommended Reading: Trade uncertainty returns
Manila Times and Reuters report renewed global trade uncertainty after the United States Supreme Court struck down select Trump-era tariffs.
The Philippines and UAE Enter Into a Comprehensive Economic Partnership Agreement
Business and Economics
Strong Export Performance Pushes PH Trade Deficit Down to USD 3.51 Billion in November 2025
The Philippines recorded a narrower trade deficit in November 2025, driven by a 21.3 percent surge in exports, particularly electronics. However, analysts remain cautious as geopolitical risks, oil price volatility, and domestic corruption issues may temper trade growth in 2026.