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Fuel prices soar on back of Iran war, leaving Yemeni labourers with no work
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Grenada Chronicle – Daily Grenada And Caribbean News
The ongoing regional war has damaged economies across the Middle East, with government-controlled areas of Yemen bearing a heavy burden as commodity prices soar.
Pausing constructionFuad explained that, before the US-Israel-Iran war, he was able to find work for around two weeks every month.
In a desperate attempt to find work, he has lowered his daily wage from 25,000 Yemeni riyals ($17) to 20,000 riyals ($13).
“Consequently, the local rise in commodity and fuel prices is a natural outcome of surging global prices, shipping tensions in the Strait of Hormuz, as well as increased maritime insurance and freight fees.”
I believe as soon as the regional war ends, building materials will return to their old prices,” Zuraiqi told Al Jazeera.