Govt monitoring economic impact of Middle East conflict, Zameer says
Zameer noted that authorities are identifying potential risks related to market prices and disruptions to business transactions.
Finance Minister Moosa Zameer has stated that the government is assessing the potential impact of the current situation in the Middle East on the Maldivian economy.
The statement comes following recent escalations between Israel and Iran. Airspace restrictions were imposed across parts of the region after reported retaliatory actions, including an attack on a U.S. military base in Qatar. Iran subsequently closed its airspace in several Middle Eastern countries until earlier today.
U.S. President Donald Trump announced Tuesday morning that both Israel and Iran had agreed to a temporary cessation of hostilities.
In a post on social media platform X, Zameer said the government is monitoring developments closely, particularly the implications for global oil prices, the availability of essential goods, and the broader financial system.
Zameer noted that authorities are identifying potential risks related to market prices and disruptions to business transactions. He added that the Ministry of Finance is coordinating with relevant institutions to implement measures aimed at minimising any adverse effects.
"We remain committed to preparedness and safeguarding the interests of all Maldivians," the post read.
The conflict has already resulted in increased global oil prices and raised concerns about potential disruptions to air travel. Tourism, a key industry in the Maldives, may also be affected if instability continues in major transit hubs across the Middle East.
