Ferdinand Marcos

Ferdinand Marcos is the current President of the Philippines. He is newsworthy due to the ongoing energy crisis in the Philippines, triggered by the war in Iran. Recent developments include Marcos declaring a "national energy emergency" to address the threat of critically low energy supplies. This declaration, initially lasting a year, comes as the country seeks to secure new oil sources and boost coal power output. The Philippines is experiencing rising fuel costs, leading to transport worker strikes in Manila. The arrival of a Russian oil tanker carrying 700,000 barrels of crude oil highlights the country's efforts to maintain its energy reserves, estimated to last only 45 days. Marcos's actions and the energy crisis underscore the Philippines' vulnerability to global geopolitical events and its reliance on imported energy sources.