Mar 8 β€’ 18:11 UTC πŸ‡ΆπŸ‡¦ Qatar Al Jazeera

Concerns in Jordan over the impact of regional war on prices and energy

Concerns are rising in Jordan about the potential economic repercussions of the ongoing regional conflict involving Iran, the United States, and Israel, especially regarding energy prices and supply stability.

As the war between Iran, the United States, and Israel escalates, Jordanians are increasingly worried about the possible economic fallout from the conflict. The tensions pose a significant threat to the country's energy market and international trade routes, prompting citizens and traders to closely monitor the developments. There are mounting questions about how prolonged military actions will affect the prices of goods and services, energy costs, and the stability of food supplies in the nation.

In Jordan, feelings of apprehension are palpable in local markets, where consumers express fears of a potential spike in prices for essential goods and fuels if the war drags on. During a recent visit by Al Jazeera to marketplaces in Amman, a cautious atmosphere was evident, with shoppers indicating that prices have already begun to increase. Although government officials maintain that there are adequate strategic reserves to handle current market conditions, predictions suggest that if tensions persist, there could be a gradual knock-on effect on local markets due to heightened shipping and energy costs, alongside disruptions in global supply chains.

Many residents are apprehensive that the existing price stability may be temporary, based on lessons learned from previous regional conflicts which led to inflation and supply shortages. Experiences from the past have left consumers aware of the possibility for rising costs during times of geopolitical instability. As the situation changes, Jordan's economy may experience rippling effects from the ongoing war, with far-reaching implications for everyday life and commerce.

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