🌏 Asia 2h ago · Isagani de Castro Jr.

[Inside the Newsroom] 2026 oil crisis: How can we create ripples of hope?

Rappler Philippines
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[Inside the Newsroom] 2026 oil crisis: How can we create ripples of hope?
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It’s been less than four years since we survived the COVID-19 crisis, and another one is hitting us more severely — this time, in our pockets. 



While COVID-19 is essentially a health crisis, the 2026 oil crisis is mainly a price shock — for now. 



Even if the current ceasefire between the US and Iran leads to an end to the conflict in the Middle East, petroleum prices are not expected to go back to affordable levels due to damaged facilities in the Middle East. Rebuilding will take yea

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