OF TREES AND FOREST
Remember that saying, “When America sneezes, the world catches a cold?” In this case, America just let out a thunderclap of a sneeze that shook the Middle East—and we’re about to come down with a raging fever. The Philippines may be thousands of kilometers away from the region, but our economy is tightly linked to what happens there. When tensions rise in that part of the world, the impact eventually reaches our ports, gas stations, groceries, and even the homes of families who depend on overseas Filipino workers (OFWs).
The Philippine economy runs largely on imported fuel, with most crude and refined products coming from oil producing countries, many of them in the Middle East.
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