The Philippine Department of Energy said pump prices will see a mixed adjustment from June 30, with gasoline allowed to increase by as much as P1.90 per liter. The possible uptick follows renewed U.S.-Iran military exchanges in the Persian Gulf that revived shipping risks through the Strait of Hormuz and pushed global oil prices higher, according to the agency. Oil prices had fallen sharply a week earlier on ceasefire expectations, but a return of geopolitical tensions has lifted Dubai crude and refined product prices. While local pump prices eased from last week, they remain well above levels seen before the late-February conflict.

Coffee farmers from three parts of Mindanao took multiple top awards in the SEA Green Coffee Competition’s Philippines National Round across Liberica, Robusta and Arabica categories. Prices paid for quality green beans have risen from ₱72.92 per kilogram to commonly above ₱300, with some specialty lots fetching more. The results point to a quality revival in Philippine coffee, though they have not yet translated into a systematic price driver for international futures markets or indexes. For now, the impact is concentrated in regional agricultural supply chains and specialty coffee trade flows.

The report says US and Israeli military action against Iran has disrupted oil supply from the Middle East, with tankers hindered or barred from crossing the Strait of Hormuz. The Philippines is highly exposed because it imports roughly 98% of its crude oil needs from the Middle East. In April, gasoline prices in the Philippines were 59.6% higher than a year earlier and diesel prices rose 122.7%, with retail prices in some areas reaching P100 per liter. The disruption is a confirmed geopolitical supply shock that has fed directly into crude and refined fuel markets.

The Philippine Department of Energy said a breakthrough in U.S.-Iran peace talks has improved sentiment, but domestic pump prices may need 6 to 12 months to return to pre-crisis levels. Diesel and kerosene rollbacks have begun, cutting diesel by P3.71–P5.71 per liter and kerosene by P0.50–P2.50 per liter. Gasoline prices may either be reduced by P0.32 per liter or raised by up to P1.68 per liter. In Metro Manila, diesel is around P76.19–P78.19 per liter and gasoline about P78.78–P80.78 per liter.