Treasury frets over Middle East conflict

Petrol surged from US$1,56 per litre in February to US$2,23 by mid-March, while diesel rose from US$1,52 to US$2,11 over the same period.

AUTHORITIES have warned that the country’s economic outlook faces mounting risks if the Middle East conflict persists, citing potential strain on public finances, rising inflationary pressures and slower growth. Zimbabwe, which relies heavily on imported fuel, remains increasingly exposed to global oil market disruptions triggered by escalating tensions involving the United States of America, Israel…

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