[Vantage Point] How the current Israel-Arab war impacts Philippine economy

The escalating war in the Middle East could prove to be a 'party pooper' in Manila's declaration of victory in its protracted battle against inflation

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An attack on Iran’s oil infrastructure could provoke Tehran to respond with a strike on Saudi oil facilities, similar to one conducted in 2019 on crude processing facilities there, Any of these events would irretrievably send oil prices considerably higher. As every keen observer knows, however, the proximate cause of the present conflict is the Hamas-led Palestinian invasion of the Gaza Strip on October 7, 2023, during which Arab militants killed 1,200 people and took 240 others hostage, presumably to use as human shields and, later, as bargaining chips in their demand for the release of their fellow terrorism warriors being held in prisons in Israel.

Israel failed in that objective. It had to fight anew for its very existence in the 1967 Six-Day War and the 1973 Yom Kippur War. Likewise, hostilities resumed in the 1982 and 2006 Lebanon War. The situation begs the question: How do you square up this love for the Jews with the frequent anti-Semitic rallies that flare up in the US from time to time? It is, by the way, a sentiment that former president Donald J. Trump and his Christian nationalist supporters try to turn to their advantage in the run-up to the November 6 US presidential election.

As Catholics and Christians, Filipinos cannot understand the Anglo-Saxon belief that the Jews are not white and, therefore, subhuman.What Filipinos share with the Americans is a degree of mistrust against Arabs and Muslims, and that mistrust emanates from their own experience dealing with the MNLF/MILF secessionist movements. The Moro National Liberation Front and the Moro Islamic Liberation Front, respectively, which are both Muslim separatist groups in the southern Philippines.

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