Philippines Declares National Energy Emergency Due to Iran War, Global Energy Supply Under Pressure

Philippine President Ferdinand Marcos announced that the nation has entered an energy emergency state to address threats to energy supply from Middle East conflicts. Multiple countries globally that rely on imported energy have also implemented austerity measures, reflecting the fragility of energy supply chains and the impact of conflicts on international markets.

International Energy Agency Director: Prepared to Release More Oil Reserves, Still Has 80% Inventory

International Energy Agency Director Birol stated in Tokyo that in response to surging global energy prices, it will prepare to release additional oil reserves. Previously, Japan's Prime Minister requested preparations for a second emergency release. The IEA has announced the release of 400 million barrels of oil and warned that global energy security faces severe threats.

Deutsche Bank Report: Petrodollar System Faced Triple Pressure Before the War

Deutsche Bank report analyzes the current state of the petrodollar system, pointing out that it faced pressure before the war. Factors such as U.S. energy independence, the trend of oil currency localization, and shaken trust in the Gulf region pose challenges to the system, resulting in increased Middle Eastern oil flows to Asia and more non-dollar transactions.

BlackRock CEO: If Oil Prices Reach $150 Per Barrel, It Will Trigger Global Economic Recession

BlackRock CEO Larry Fink stated in an interview that if oil prices reach $150 per barrel, it could trigger a global economic recession. He pointed out that the outcome of conflicts could lead to either a decline or sustained high oil prices, affecting the economic situation.

UK Inflation Stays at Critical 3% Level: Energy Shock Incoming, Rate Cut Expectations May Be Disrupted

Data from the UK Office for National Statistics shows that the Consumer Price Index rose 3% year-over-year in February, with core inflation reaching 3.2%. The market expects inflation to remain elevated due to Middle East conflicts and rising energy prices, which will impact monetary policy. The pound weakened slightly against the dollar, with analysts predicting the Bank of England may maintain high interest rates to counter the "second-round inflation effects."

Morgan Stanley Raises 2027 Brent Crude Oil Price Forecast to $80 per Barrel

Gate News reported that on March 25, Morgan Stanley raised its 2027 Brent crude oil (one of the global crude oil price benchmarks) price forecast to $80 per barrel.