Gov’t Warns Fuel Firms Against Profiteering Amid Middle East Tensions
Energy Minister Ruth Nankabirwa has issued a stern warning to fuel companies, cautioning them against using the escalating US/Israel–Iran conflict as justification to hike pump prices. Nankabirwa made it clear that Uganda’s fuel supply remains stable and that there is no basis for price increases, given that the Uganda National
Oil Shock and Middle East Escalation Send Global Markets into Tailspin
Global markets sank deeper into turmoil as a surge in oil prices and intensifying conflict in the Middle East rattled investor confidence, unleashing broad sell-offs from Asia to Wall Street. In South Korea, the benchmark KOSPI posted one of its sharpest three-day declines in years, tumbling between 14 and 16
