By Chloe Mari A. Hufana and Sheldeen Joy Talavera, Reporters
PHILIPPINE President Ferdinand R. Marcos, Jr. on Wednesday said the economic fallout from the war between Israel and Iran would be “manageable,” citing stabilizing global oil prices after a ceasefire that eased concerns about the closure of the Strait of Hormuz, a vital shipping lane for the world economy.
“So far, there is no significant effect on the economy,” he told reporters in Capas, Tarlac in mixed English and Filipino, based on a transcript sent by his office.
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