The Middle East conflict is driving up oil prices, which is impacting financial institutions in Manila, the capital of the Philippines.

The entities involved

• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • Eritrea's strategic location is highlighted as being key to the importance of the Red Sea and the Middle East.14:46
  • Bank of Canada sets policy rates amid US trade uncertainty, while Middle East conflict drives up energy prices and supply chain disruptions.14:18
• Philippines →

  archipelagic country in Southeast Asia

  • The Philippines is facing territorial disputes with China over the Scarborough Shoal and South China Sea, leading them to seek advanced military hardware from the US.13:30
  • Philippine actions are criticized at ADMM-Plus, raising concerns about regional stability.13:30
• Manila →

  capital city of the Philippines

  • China maintains defense attaché in Manila while ADMM-Plus meeting is held in Cebu.11:34
  • Megaworld Corp. is developing the Baytown Palawan township, following a master plan presentation by the local Tourism Authority.10:26

Related events

• Middle East tensions are driving up global oil prices and inflation, prompting the BSP to manage the peso's foreign exchange market.Sep 3
• Houthi attacks in the Red Sea have led to geopolitical tensions in the Middle East, driving up Brent oil prices and impacting companies like IndiGo, which are monitored by firms such as Motilal Oswal.Jul 24
• Escalating conflict in the Middle East is causing oil prices to rise, impacting global markets tracked from London and the New York Mercantile Exchange.Jun 11
• Conflict monitoring affects oil price stability and flows, while AI adoption raises concerns about financial services disruption.Sep 23
• The Middle East conflict is causing oil price increases and inflation, leading central banks to manage policy amid global pressures.Jun 17