Experts: How US-Iran clashes trigger fuel price anxiety
Tanzania, July 19 -- Dar es Salaam. As global oil markets brace for further instability, local economic experts are calling for a radical shift in Tanzania's energy strategy, urging fast-tracked natural gas infrastructure and strategic fuel reserves to insulate the nation from unpredictable geopolitics.
The calls come as the Middle East faces a dangerous escalation in hostilities.
Following the collapse of recent ceasefire negotiations, clashes between US and Iranian forces have intensified, turning the Strait of Hormuz into a focal point of global economic 'anxiety.'
This strategic waterway, which handles approximately 20 percent of the world's oil, has seen a 10 percent drop in vessel traffic this week alone, sparking fears of a prol...
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