Iran war keeps markets volatile as another fuel increase hits

Namibian motorists are once again being forced to absorb the fallout from international geopolitical turmoil, with fuel prices set to rise sharply from tomorrow as the economic shockwaves of the United States’ war in Iran continue to reverberate through global oil markets. For Namibian consumers, the international turmoil is being transmitted directly into household budgets, logistics costs and the price of doing business. For motorists, however, the immediate reality is another fuel-price increase at the pump, demonstrating how the US war in Iran and the resulting instability in global oil markets are being paid for, in part, on Namibian roads.