News
March 03 2026
Middle East fuel shock
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Keenan Falconer, economist.
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Elon Parkinson
With the price of oil and gas now surging on the global market amid the United States’ (US) and Israel’s military offensive against Iran – and Tehran in turn bombarding the oil- and gas-producing Gulf states – one local economist is of the view that small island developing countries like Jamaica, with a heavy dependence on imports, are set to be disproportionately affected.
