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Rwanda boosts fuel reserves and diversifies imports to prepare for potential U.S.-Iran conflict impacts.
Rwanda is preparing for possible oil supply disruptions from U.S. strikes on Iran by bolstering fuel reserves and working with banks to finance fuel dealers, ensuring stocks can last up to a month.
Finance Minister Yusuf Murangwa warned that ongoing Middle East tensions could raise fuel prices by 10% and other goods by 10% to 20%, with risks of longer-term inflation if the conflict persists.
The government plans to seek alternative supply sources if needed and is pushing to diversify import markets to reduce future vulnerability.
Economists urge citizens to cut non-essential spending as global oil prices rise and supply chains face strain.
Ruanda aumenta las reservas de combustible y diversifica las importaciones para prepararse para posibles impactos del conflicto entre Estados Unidos e Irán.