Fuel prices soar on back of Iran war, leaving Yemeni labourers with no work
Summary
Fuel prices in Yemen have risen sharply due to the ongoing war involving the US, Israel, and Iran. This has caused construction projects to stop and left many workers, like Fuad Mohammed, without jobs or enough income to support their families.Key Facts
- The war in the Middle East, starting in late February, has severely hurt regional economies, including Yemen.
- Diesel fuel prices in Yemen increased from about $17 per 20 liters in January to $30 today.
- Higher fuel costs have caused the prices of building materials and transportation to rise.
- Many construction projects in government-controlled areas of Yemen have been paused or canceled.
- Fuad Mohammed, a construction worker with 25 years of experience, has had little work for months.
- He lowered his daily wage from $17 to $13 but still struggles to support his family.
- Yemen imports nearly 90% of its goods, making its economy very sensitive to global market changes.
- The price rise is linked to a worsening fuel supply, global price increases, and regional tensions affecting shipping routes like the Strait of Hormuz.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
