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Is Marcos right in suspending the transport fare hike?

THE surge in global oil prices from $71 to $113 per barrel last week is largely attributed to the escalating war in the Middle East. Last week, Israel bombed Iran’s largest offshore gas field in South Pars, and Tehran responded by launching missile attacks on Qatar’s Ras Laffan oil hub, which sent energy markets ree…

Original report

S. Korea in consultation with Iran, others to secure ship passage through Strait of Hormuz

South Korea is in close talks with countries, including Iran, to ensure a swift normalization of the Strait of Hormuz after Tehran said it is ready to allow Japan-bound vessels to pass through the sea route virtually closed in the wake of the Middle East crisis, a foreign ministry official said Saturday.

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