Oil shock may cost Maldives USD 1m a day

1 week ago

Former Economic Minister Ahmed Mohamed (Andey) says the ongoing conflict in the Middle East could increase the Maldives’ daily fuel import bill by USD 1 million, warning that the country faces severe exposure to global oil price shocks. He made the remarks on Monday evening as crude oil prices surged past USD 120 per barrel in the world market. Speaking to Sun,