Your Morning Fix

• The peso closed at a record low against the US dollar on Monday at 60.69, as safe-haven flows continued to fuel demand for the dollar amid rising oil prices.
• Philippine oil refiner Petron has obtained 2.48 million barrels of crude from Russia in an attempt to search for alternative energy sources amidst the US-Iran war.
• Energy Secretary Sharon S. Garin said 900,000 barrels of diesel are set to arrive in the country from various sources next month, boosting the country’s petroleum reserves.
• The Bureau of the Treasury said the national government’s debt service bill rose nearly 30% to PHP 137.67 billion in January due to higher interest payments.
• Oil prices rose once again on Monday as markets weighed uncertainties surrounding US-Iran peace talks and possible escalation from the US who deployed more troops in the Middle East.