A U.N. commission report warns of the Middle East conflict’s impact on Arab countries’ energy, water and food systems. A 20% rise in food prices could push 5 million people into food insecurity in the region.
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Attacks on the UAE and Bahrain drive up the commodity’s price. Oil rises amid renewed threats to the Strait of Hormuz, while a desalination plant in Kuwait is also targeted in retaliations.
Oil prices fell and stocks rose after U.S. President Donald Trump said the country will not target Iran’s energy infrastructure over the next five days.
The company’s CEO, Miguel Gularte, said demand in the region is being met through an operational stock strategy and by redirecting cargo to active ports, using feeder vessels and overland freight.
Despite the closure of a key Middle East strait, the country has sufficient essential stocks and has airlifted 300 metric tons of goods, the minister said.
This week, representatives from some of the world’s largest central banks are meeting to analyze the consequences of the conflict in the Middle East. Rising energy costs are expected to trigger higher prices.
On Thursday (12), a flight departs Doha for São Paulo. On Friday (13), flights leave Guarulhos Airport for Doha. Qatar’s airspace remains closed, with only limited operations authorized.
Oil prices rose sharply on Monday (9) amid the conflict between the United States and Israel against Iran. Since the attacks began, the price of a barrel of WTI has increased by 70%, something never recorded over such a short period.
Qatar’s Minister of State for Energy Affairs Saad bin Sherida Al Kaabi said the conflict could force Gulf states to stop producing and supplying energy within days.
In phone calls with ministers from countries affected by the conflict, Mauro Vieira discussed the situation of Brazilians, who may obtain emergency transit visas in Saudi Arabia.
The Arab country called on residents to sign up on the national volunteer platform to support efforts in response to Iran’s attacks. There are opportunities to help in health, engineering, logistics, administration, regulation, and other areas.
Paulo Rebello is a political analyst and Political Science Ph.D. student at the University of Salamanca, Spain. His research focuses on Brazil’s relations with the Middle East, especially the Gulf countries.
Brazil issued a statement on Wednesday welcoming the signing of the agreement for resuming diplomatic relations between the two countries and applauding the role played by China, Oman and Iraq in helping reach the agreement.
World Health Organization (WHO) regional director Ahmed Al-Mandhari said coronavirus infection numbers are going up in the Middle East, particularly in Iran, Jordan and Morocco.
