US strikes Iran, escalating Middle East conflict

The United States launched a military strike on Iranian nuclear facilities, escalating the Israel-Iran conflict and triggering global economic repercussions. This action, described as successful by President Trump, has destabilized the already volatile Middle East. The attack, conducted by B-2 stealth fighters, prompted missile exchanges and threatens to widen the conflict. The Philippines, reliant on oil imports and with a large overseas workforce, faces significant economic risks, including rising inflation. The government is preparing for potential economic impacts, including fuel subsidies and repatriation efforts. The private sector is urged to assist, while the global community faces a complex geopolitical situation with uncertain outcomes.