Manila: President Ferdinand R. Marcos Jr. stated that there is no significant disruption in the global supply chain despite escalating tensions in the Middle East. In a press conference at Malaca±an Palace, Marcos described the situation as 'very fluid and volatile,' noting that information reaching the government remains limited as the conflict area is a war zone.

According to Philippines News Agency, Marcos indicated that potential increases in consumer goods would depend on the duration of the crisis. He explained that oil price shocks take time to move through the system before daily consumers feel the impact on basic commodities. Marcos expressed hope that the situation would resolve before the public feels the impact too much.

Marcos noted that the government has prepared various scenarios, with estimates from the United States suggesting the conflict could last four to five weeks. He expressed optimism that the crisis would end soon, saying normalization of commerce and oil production would help ease pressures. While projections remain uncertain, Marcos said government agencies are preparing more detailed assessments as developments unfold.

Marcos added that the government is also monitoring the dollar's movement, noting that remittances are sent in US currency, although the peso has remained stable so far. He emphasized that the numbers being cited are not yet certain due to the unpredictable nature of the situation and the uncontrollable movement of oil prices.