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PhilStar Business

The squeeze is back

We all knew it was a temporary ceasefire but the nearly month-long relative calm from June 12 when the US-Iran memorandum of agreement was officially signed by both the US and Iran admittedly lulled some of us into hoping that some kind of modus vivendi could be reached to allow the world to “normalize.”

Context & Analysis

Middle East stability has always functioned as a quiet but decisive variable in Philippine economic planning. When diplomatic channels ease regional tensions, global oil benchmarks typically settle, giving importers, logistics firms, and manufacturers breathing room to lock in contracts without panic premiums. The recent diplomatic pause briefly restored that rhythm, allowing traders to recalibrate pricing models and supply chains to operate without emergency contingencies.

For Filipino enterprises, that calm translated into predictable freight costs and manageable input expenses. The Philippines remains heavily dependent on imported petroleum, meaning any shift in geopolitical risk instantly ripples through diesel and gasoline prices, which in turn move transport tariffs, production overhead, and retail pricing. When pressure returns, the first impact lands on logistics operators and agri-supply chains that run on diesel, followed by consumer-facing sectors that either pass on higher costs or absorb thinner margins. Small and mid-sized businesses with lean cash buffers feel this compression fastest, while larger conglomerates with established hedging programs can weather short-term spikes more comfortably.

The Bangko Sentral ng Pilipinas will likely monitor whether renewed volatility crosses into persistent imported inflation, which could delay rate adjustments or force tighter liquidity conditions to anchor expectations. Meanwhile, listed companies on the Philippine Stock Exchange will need to stress-test their exposure and disclose risk management adjustments in upcoming earnings calls. Business owners should track spot fuel prices, bunker fuel surcharges, and container freight index movements over the next few weeks. The Securities and Exchange Commission and Department of Trade and Industry will also be watching for supply chain bottlenecks or pricing anomalies that could trigger regulatory scrutiny. In an environment where diplomatic progress remains fragile, scenario planning, flexible inventory management, and early renegotiation of supplier terms will separate resilient operators from those caught off guard.

Analysis by IJE Software — original commentary on the story above.

This is an excerpt. Read the full article at the original source:

Source: philstar.com

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