No government agency or academic institution has announced the suspension of classes supposedly due to tensions in the Middle East and looming oil price hikesNo government agency or academic institution has announced the suspension of classes supposedly due to tensions in the Middle East and looming oil price hikes

FACT CHECK: No notice of class suspensions from March 9 to 13 due to oil price hike

2026/03/06 17:53
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Claim: Classes are suspended from March 9 to 13 due to a looming hike in oil prices.

Rating: FALSE

Why we fact-checked this: The post was made by a Facebook page named “Pamilya News Channel,” which has a follower count of more than 170,000.

Its post has garnered more than 656 reactions, 312 shares, and 27,000 views as of writing.

In the video, a reporter is shown saying, “Babala, walang pasok mula March 9 to 13 bilang paghahanda sa posibleng pagtaas ng presyo ng langis dulot ng tensyon sa ibang bansa. Layunin nitong makatipid sa energy at gasolina.

(Warning, there are no classes from March 9 to 13 in preparation for a possible increase in oil prices due to tensions abroad. This is to save energy and fuel.)

The video encourages viewers to share the content for public awareness. It also includes links, bearing the names of the Department of Education (DepEd) and the Department of the Interior and Local Government (DILG),  supposedly leading to a list of areas affected by the class suspensions. 

The facts: There are no announcements from the Philippine government or academic institutions about the supposed suspension of classes from March 9 to 13.

No notice from DepEd or the DILG exists, contrary to the claim.

The links in the post do not lead to an official government website, but to e-commerce pages and a blog site claiming to be affiliated with the government.

Looming oil price hike: Ongoing tensions in the Middle East between Iran, Israel, and US forces have prompted fears over a potential fuel crisis.

Iran’s Islamic Revolutionary Guard Corps (IRGC) said it had closed the Strait of Hormuz, one of the most important oil transit checkpoints, affecting global energy markets.

Department of Energy Secretary Sharon Garin explained that while the Philippines sources finished products like processed gasoline and diesel from Asian countries, the closure of the strait may have a “domino effect” in Asia, affecting the refining countries that sell finished products to the Philippines.

President Ferdinand Marcos Jr. assured the public that the country has a fuel inventory of up to 60 days. The President may also consider adopting a four-day workweek as part of the country’s efforts to save energy, Palace press officer Claire Castro said in a press briefing on March 4.

The Chief Executive has also encouraged the public, including government officials, to avoid unnecessary travel and conserve energy to prepare for the possible soaring of fuel prices in the coming weeks. – Lourence Angelo Marcellana/Rappler.com

Lourence Angelo Marcellana is a volunteer. He is a fourth-year journalism student from the Polytechnic University of the Philippines and the former Editor-in-Chief of PUP College of Communication’s The Communicator.

Keep us aware of suspicious Facebook pages, groups, accounts, websites, articles, or photos in your network by contacting us at factcheck@rappler.com. Let us battle disinformation one Fact Check at a time.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Silver Prices Edge Closer to a Pivotal Support and Resistance Test

Silver Prices Edge Closer to a Pivotal Support and Resistance Test

The post Silver Prices Edge Closer to a Pivotal Support and Resistance Test appeared on BitcoinEthereumNews.com. The silver market, although experiencing recent
Share
BitcoinEthereumNews2026/03/07 11:29
U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
Share
BitcoinEthereumNews2025/09/18 09:14
[Newspoint] Overpaid troll

[Newspoint] Overpaid troll

KAUFMAN. Former president Rodrigo Duterte's lawyer Nicholas Kaufman delivers his opening statement before the ICC Pre-Trial Chamber I on February 23, 2026.
Share
Rappler2026/03/07 11:00