The Philippines has declared a one-year national energy emergency as rising tensions between Iran and Israel threaten to disrupt oil shipments through the strategically vital Strait of Hormuz. President Ferdinand Marcos Jr. warned that the country’s energy security faces imminent danger. In response, the government has launched extensive programs for energy conservation, subsidies, and direct cash assistance to citizens.

According to the report, 98 percent of the Philippines’ energy supply passes through the Hormuz Strait, leaving the country with no alternative but to act decisively. The situation serves as a wake-up call for developing, import-dependent economies such as Bangladesh, which could face similar vulnerabilities. The article emphasizes that global market instability directly affects transportation, agriculture, and industry in such nations.

The author suggests that Bangladesh should establish at least a three-month strategic energy reserve, diversify import sources through regional diplomacy, and accelerate domestic exploration of gas and coal. Expanding renewable energy production and enforcing strict energy-saving policies are also deemed essential to ensure long-term national energy security.