The Global Price Shock
As of March 16, 2026, crude oil has soared to nearly $115 per barrel, up from $72 before the war—a nearly 59% price surge. Other traded industries are also facing significant strain, particularly agriculture and minerals, with the US recording a fertilizer supply deficit exceeding 25%.
Feb 27 (Pre-War)
<$72.00
Baseline
March 13
~$103.14
+43.25%
March 19 (Peak)
~$115.00
+59.72%
Brent Futures
As attacks spread, Brent Crude futures soar, sending shockwaves through global markets.
Shock Absorption
The Philippines, like most oil importers, can only do so much beyond absorbing the shock. The country lacks the strategic reserves and fiscal tools to shield consumers.
