Moroccan drivers suffer from the blockade of the Strait of Hormuz

The price of diesel has risen by 13.3%, from 12.79 to 14.50 dirhams, while gasoline has reached 15.60 dirhams. This is the second price spike in a few weeks. A previous increase, between 12 and 18%, had already been recorded on March 16.

On Bladi.net: Morocco fears an oil shock worse than in 2022

This surge in prices results from the instability in the Strait of Hormuz, where 20 million barrels of oil pass through per day. Since March 2, Iran has been restricting navigation in response to the strikes it has suffered on its territory. This strategic blockade has led to a global explosion in transportation and insurance costs, as well as oil prices.

On Bladi.net: Strait of Hormuz: The blockade that threatens to paralyze Moroccan phosphates

The conflict, which began on February 28, sees Israel and the United States carrying out military operations against Iran. The marked by ground strikes and missile or drone launches have already caused thousands of casualties. These international tensions pose serious threats to energy supply and the Moroccan economy.