Manila, June 25 -- The government is monitoring the price gouging amid conflict in the Middle East, President Ferdinand R. Marcos Jr. said on Wednesday, even though he assured that the tensions have "no significant" impact on the Philippine economy.

In an interview in Tarlac, Marcos said the effect of the Iran-Israel war "should be manageable."

"So far, there is no effect. So, there's no significant effect on the economy," Marcos said, when asked about the results of his meeting with his economic team held at Malacanan on Tuesday to assess the potential impact of the Middle East conflict.

"'Yun lamang, binabantayan natin ngayon 'yung price gouging dahil ang dami ko nang nakita, nagtataas ng presyo. Hindi naman tumaas ang presyo ng lang...