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President’s declaration allows officials to tackle fuel hoarding or profiteering, while energy secretary says country will lean more heavily on coalMiddle East crisis – live updates Philippine President Ferdinand Marcos has declared a state of “national energy emergency” as a result of the Middle East war, which his administration said posed “an imminent danger of a critically low energy supply”.The state of emergency, which will initially last for a year, was declared just hours after the country’s energy secretary said the Philippines planned to boost the output of its coal-fired power plants to keep electricity costs down as the war wreaks havoc with gas shipments. Continue reading...

Daimler Truck announced plans on March 13, 2026, to increase US content in its Mexico-assembled trucks to mitigate tariff burdens from the Trump administration's new probes. CFO Eva Scherer stated in an interview that the company is 'constantly looking at how we keep strengthening our US content.' This move addresses rising trade barriers amid oil-driven inflation. Analysts expect similar supply chain shifts across the auto sector as tariffs loom.