OIL PRICE WATCH as of March 13, 2026

2026-03-12 - 22:14

MANILA, Philippines — Motorists brace for higher fuel costs on Friday, March 13, 2026, as Iran’s new supreme leader ordered his forces to keep the vital Strait of Hormuz closed, following devastating attacks on Gulf energy targets that sent global oil prices soaring. Diesel prices may rise by around P18 per liter, while gasoline could