How US war in Iran is pushing Philippines closer to China

The Iran war could provide an impetus for the Philippines and China to reach an agreement on disputed energy resources in the South China Sea, Philippine President Ferdinand Marcos Jnr said recently. Marcos, the rotational chair of the Association of Southeast Asian Nations this year, emphasised the need for a “reset” in relations with China given that regional states are confronting “very serious” economic and foreign policy restructuring.

Marcos’ statements came shortly after the Philippine government declared a national energy emergency amid an imminent danger of critically low supplies. The situation is so dire that the Philippines is buying oil from Russia and negotiating sanctions waivers with Washington for potential oil purchases from even Iran and Venezuela.

Lacking strategic reserves of its own and heavily reliant on private importers and overseas refinery capacity, the Philippines could run out of energy supplies in less than two months. Meanwhile, some 2.4 million Filipinos living across the Middle East, who send home billions of dollars in remittances annually, face serious threats to both their employment and safety amid the escalating US-Israeli war with Iran.