Oil Prices to Stay High Despite Hormuz Passage Deal

WEEKENDER DIGEST - Malaya Business Insight

Malaya Business Insight2026.04.10Updated 1d ago

Here’s a rundown of the biggest news from the past week Despite Strait of Hormuz passage assurance: Oil shock relief may lag until June (April 6) | The government may have secured safe passage for Philippine oil cargoes through the Strait of Hormuz, but officials warn elevated fuel costs will persist, with supply stability and […]

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The Philippine government secured safe passage for oil shipments through the Strait of Hormuz, but fuel costs will remain elevated through June. Officials warn that supply stability concerns and geopolitical tensions will keep prices from dropping immediately. The relief at the pump may take months to materialize.

Key topics:strait of hormuz philippines oil prices fuel costs supply chain

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