Manila, April 8 -- President Ferdinand R. Marcos Jr. on Wednesday welcomed the reported two-week ceasefire between the United States (US) and Iran, expressing hope it would ease global oil supply constraints and benefit the Philippines.

Marcos said the possible reopening of the Strait of Hormuz, a critical oil shipping route, would help ensure a steady fuel supply and allow Filipino seafarers to resume operations.

"Kung kasama sa agreement na nabubuksan ang Strait of Hormuz... magagawa nila yung kanilang trabaho (If the agreement includes opening the Strait of Hormuz, they would be able to resume their job)" he said.

The President noted that thousands of Filipino seafarers have been affected by disruptions in the area.

He added that t...