Philippines Secures Iran Assurances on Safe Hormuz Transit

  • Manila has secured an Iranian commitment to let Philippine-flagged vessels, energy cargoes, and Filipino seafarers pass through the Strait of Hormuz, easing an immediate supply-chain risk for a country that sources 98% of its crude oil from a war-hit region.

The Philippines has won a diplomatic assurance from Iran that Philippine-flagged vessels, energy shipments, and Filipino seafarers will be allowed safe, unhindered, and expeditious passage through the Strait of Hormuz.

The commitment followed a phone call on Thursday between Philippine Foreign Affairs Secretary Ma. Theresa Lazaro and Iranian Foreign Minister Abbas Araqchi, in which the two sides discussed energy supply security and the safety of Filipino seafarers. The DFA said the conversation produced a positive understanding on both fronts, while Lazaro described the exchange as very productive and framed the outcome as supportive of Philippine energy security.

The Philippines imports 98% of its crude oil from the Middle East, with Saudi Arabia its largest supplier. The war has already led to a blockade of the Hormuz, while Iran has simultaneously maintained that the strait remains open on a conditional basis for vessels from countries it does not treat as hostile.

Under President Ferdinand Marcos Jr.’s directive, Philippine officials asked Tehran to formally designate the Philippines as a non-hostile country to ensure safe passage for Philippine-bound ships. The request was followed by a meeting on Wednesday between Lazaro, Energy Secretary Sharon Garin, and Iranian Ambassador Yousef Esmaeilzadeh, with the DOE then finalizing details for the immediate transmission of vessel information through diplomatic channels.

Marcos has said the Philippines has enough fuel to last until the end of June, but he still ordered the DOE to secure additional supplies and expand stockpiles because of the uncertainty created by the conflict.

The Philippines is currently considered a close defense ally of the US, yet Manila says it is not involved in the conflict with Iran. The country declared a state of national energy emergency last week as Marcos pointed out that the Middle East energy crisis may provide the opening needed to restart joint oil and gas development talks with China in the disputed South China Sea.


Information for this story was found via Reuters and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Why the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Questcorp Launches Phase 2 Exploration Program At La Union To Follow Up On 20.2 g/t Gold Over 30 Metre Chip-Channel Sample

First Majestic Boosts Silver Reserves 16% As Exploration Outpaces Production

Related News

Silver Posts Worst Monthly Loss in 46 Years — and a War Is Why It’s Falling, Not Rising

Silver is having its worst month in 46 years. A war did it — just...

Tuesday, March 31, 2026, 02:08:00 PM

Modi Gives Trump Little as India Walks the Line on West Asia

US President Donald Trump called Indian Prime Minister Narendra Modi on March 24 to discuss...

Wednesday, March 25, 2026, 03:05:00 PM

F1 Cancels Bahrain and Saudi Arabian Grands Prix Over Iran War

Formula 1 has officially cancelled its April rounds in Bahrain and Saudi Arabia due to...

Monday, March 16, 2026, 02:11:00 PM

Someone Bought $1.5 Billion in Futures Before Trump’s Iran Post

At 6:50 AM ET Monday, the futures market was quiet. Then $1.5 billion in S&P...

Tuesday, March 24, 2026, 07:43:51 AM

Iran War Pushes Philippines Toward China in South China Sea Energy Talks

President Ferdinand Marcos Jr. said Tuesday the Middle East energy crisis may provide the opening...

Wednesday, March 25, 2026, 09:07:00 AM