Mideast conflicts unsettle industry

Zimbabwe’s heavy reliance on imported fuel makes it particularly vulnerable to global oil price fluctuations.

WITH strife in the Middle East usually causing global oil prices to spike, experts fear that the worsening Israel-Iran war will further sap Zimbabwe’s ailing economy.When oil prices rise, the cost of production also goes up. This puts pressure on companies, with the ensuing costs eventually being passed on to already hard-up consumers, especially for…

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