As the U.S.–Iran conflict escalates, the Department of Economy, Planning, and Development (DepDev) said the agency developed two scenarios to simulate the war’s potential impact on the Philippine economy. DepDev Planning Undersecretary Rosemarie Edillon presented Scenario 1 and Scenario 2 in the committee hearing of the House of Ways and Means. Under Scenario 1, Edillon said oil prices could rise to $99.8…
