Maldives Monitoring Economic Risks Amid Escalating Middle East Conflict: Finance Minister

Finance Minister Moosa Zameer has stated that the government is closely monitoring the potential economic impact of the escalating conflict involving Iran, Israel, and the United States.

In a post shared on X, Minister Zameer said the administration, under the leadership of President Dr Mohamed Muizzu, is assessing the implications of the crisis—particularly in the areas of energy markets, food security, and overall financial stability.

“We are working with relevant institutions to closely monitor market prices, inflationary trends, and trade flow disruptions,” he wrote. “The government remains committed to preparedness and safeguarding the interests of all Maldivians.”

The statement follows growing global concern over the deepening conflict in the Middle East, where tensions between Iran and Israel have now drawn in direct U.S. involvement. Global markets, especially energy and shipping, are already feeling the effects.

The Maldives, which relies heavily on imports for fuel and essential food items, is particularly vulnerable to price shocks and supply chain disruptions in such geopolitical situations. The Strait of Hormuz, a vital corridor for global oil shipments, has seen rising tensions, leading to increased volatility in global fuel prices.

While the Minister did not announce any immediate policy responses, the government’s remarks reflect a growing sense of caution as the situation evolves. The Maldives has previously expressed concern over instability in the region. President Muizzu has repeatedly condemned Israeli military actions and called for peace in the Middle East.