The war in the Middle East and the Prices of Oil in Morocco
The war in the Middle East is having a significant impact on oil prices in Morocco. Tensions between the United States, Israel, and Iran have led to a rise in oil prices, which is directly affecting the Moroccan economy. *Impact on Fuel Prices* - Diesel prices increased by approximately 2 dirhams per liter and gasoline prices by 1.44 dirhams at the beginning of March. - Experts predict a further price increase, potentially reaching 18 dirhams per liter for diesel. *Economic Consequences* - The rise in oil prices could trigger a new wave of inflation in Morocco. - Morocco's strategic oil reserves are limited, covering approximately 30 days of consumption, making the country vulnerable to oil shocks.¹²³ *Government Measures* - The Moroccan government has launched an exceptional support program for road transport professionals. - The authorities also assured that fuel supplies were normal and that there was no risk of shortage.