Philippines Says It Can Intervene to Ensure Airlines Secure Fuel

The Philippine government can back efforts of airlines to secure jet fuel, reducing the risk of aircraft groundings as the global oil shortage triggered by the Iran war threatens air travel, according to the nation’s transportation chief.

The government can help the country’s airlines obtain guarantees that oil contracts will be honored, Transportation Secretary Giovanni Lopez said in an interview with Bloomberg Television’s Haslinda Amin on Wednesday.