Jordan, a U.S. ally hosting American military forces, has faced repeated drone and missile attacks, which reports suggest are linked to Iranian operations, alongside broader economic challenges and regional instability. Despite these security risks, Jordanian officials have affirmed their commitment to the alliance, while King Abdullah II warned that current global and regional disruptions pose a broad threat to international stability.
OIL PRICE WATCH as of March 15, 2026
Summary
OIL PRICE WATCH as of March 15, 2026 MANILA, Philippines — There will be no break from soaring fuel prices this coming week. An industry source told the Inquirer that the per-liter price of diesel may surge by P19.30 to P22.30 starting March 17 while gasoline prices may also rise by P14 to P17 a liter. Fuel prices monitored by the Department of Energy (DOE) last week showed that the price of diesel at gas stations in North Luzon had already ballooned to more than P70 to P80 a liter. Premium diesel costs as much as P94.65 per liter. Moreover, a fuel company executive who declined to be identified, told the Inquirer that the coming price adjustments would result from the dwindling supply of diesel and gasoline. READ: OIL PRICE WATCH as of March 14, 2026 The executive cited that the intensifying attacks by the United States and Israel against Iran have paralyzed maritime traffic through the Strait of Hormuz, a critical route for oil coming from the Persian Gulf where 20 percent of the world’s oil supply passes through. Iran also kept up its attacks on Gulf Arab countries where US has interests and used the Strait of Hormuz as leverage against the US and Israel. Last week, Iran’s newly appointed supreme leader Mojtaba Khamenei said that the “lever of blocking the Strait of Hormuz must continue to be used.” The Inquirer team gathered prevailing oil prices in Metro Manila and other parts of the country as of Sunday, March 15, 2026:
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Oil prices rose this week as conflict intensified in the six-month war, with Iran reportedly maintaining control of the Strait of Hormuz while the US presses a counter-blockade of Iranian ports. Iranian authorities claimed to have targeted US military assets in Kuwait and the UAE, though Kuwait confirmed intercepting a missile and drone attack on its air base, while the UAE reported no evidence of an attack on its own facilities.
These exchanges followed Iran’s attribution of a deadly wedding strike in Kuhestak to the US, a claim US Vice President JD Vance stated is currently under investigation but disputed by Washington.
Live updatesLive updates, Iran war live: US rules out Iran talks until ship attacks stop Iranian Minister of Petroleum Mohsen Paknejad says that the country’s oil industry continues to “circumvent” the blockade imposed by US forces, describing the situation as difficult but manageable.
Published On 4 Sep 2026 - US Vice President JD Vance says all options remain on the table against Iran and rules out talks unless Tehran halts commercial shipping attacks in the Strait of Hormuz. - Iran’s first vice president says the US has changed Tehran’s calculations, warning its response to US attacks will be “asymmetrical” and “multi-layered”.
U.S. officials state that Central Command is conducting an internal review following Iranian reports of five deaths and 67 injuries at a wedding venue during Tuesday's strikes, although it remains unconfirmed that the incident resulted from a U.S. attack.
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