Finance Minister Moosa Zameer has stated that the Maldivian government is closely monitoring the potential economic fallout from the escalating conflict involving Iran, Israel, and more recently, the United States.
In a post on X, the Minister said the government, under the leadership of President Dr Mohamed Muizzu, is assessing the implications of the crisis on the Maldivian economy, with a focus on 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, adding that the government remains “committed to preparedness and safeguarding the interests of all Maldivians.”
The statement comes amid increasing global concern over the deepening conflict in the Middle East, where hostilities between Iran and Israel have now drawn in direct involvement from the United States. The implications of the conflict are being felt across international markets, particularly in energy and shipping.
The Maldives, which imports nearly all of its fuel and a large portion of food staples, faces heightened exposure to price shocks and supply chain disruptions in such situations. The Strait of Hormuz, a key route for global oil shipments, has already seen increased tension, contributing to volatility in global fuel prices.
While the Finance Minister did not outline any immediate policy changes, his remarks signal increased vigilance within the administration as the geopolitical situation continues to evolve. The Maldives has previously voiced concern over regional instability, with President Muizzu condemning Israeli military actions on multiple occasions and calling for peace in the Middle East.
