Philippine President Ferdinand Marcos speaks during a press conference at the Malacanang Palace in Manila on March 25, 2026. Marcos earlier declared a state of "national energy emergency" on March 24, citing risks to the domestic fuel supply and energy stability created by the Middle East war. (Photo by Ezra Acayan / POOL / AFP via Getty Images)

Philippine President Ferdinand Marcos speaks during a press conference at the Malacanang Palace in Manila on March 25, 2026. Marcos earlier declared a state of "national energy emergency" on March 24, citing risks to the domestic fuel supply and energy stability created by the Middle East war. (Photo by Ezra Acayan / POOL / AFP via Getty Images)

Philippine President Ferdinand Marcos speaks during a press conference at the Malacanang Palace in Manila on March 25, 2026. Marcos earlier declared a state of "national energy emergency" on March 24, citing risks to the domestic fuel supply and energy stability created by the Middle East war. (Photo by Ezra Acayan / POOL / AFP via Getty Images)

TOPSHOT - The 304-metre long Hyundai Shanghai container ship is loaded at the Port of Melbourne, Australia's largest port for containerised and general cargo, in Melbourne on March 23, 2026. (Photo by William WEST / AFP via Getty Images)

A woman waits on a corner next to closed down businesses in Hong Kong on March 25, 2026. (Photo by Peter PARKS / AFP via Getty Images)

The newly launched Spirit of Tasmania IV, a roll-on/roll-off ferry, receives strengthening work to it's hull before it commences on the Bass Strait ferry route between Geelong and Devonport in Tasmania, in Melbourne on March 23, 2026. The Spirit of Tasmania IV and it's sister ship Spirit of Tasmania V have been plagued with issues from their liquefied natural gas (LPG) systems as the state government did not build a dock big enough to support it. (Photo by William WEST / AFP via Getty Images)

This picture shows a storage yard of imported bauxite from Guinea that was unloaded from ships at Yantai port, in China's eastern Shandong province on March 25, 2026, where it awaits loading onto trains for delivery to electrolytic aluminum companies. (Photo by CN-STR / AFP via Getty Images) / China OUT

This picture shows a storage yard of imported bauxite from Guinea that was unloaded from ships at Yantai port, in China's eastern Shandong province on March 25, 2026, where it awaits loading onto trains for delivery to electrolytic aluminum companies. (Photo by CN-STR / AFP via Getty Images) / China OUT