DR ‹ › The parliamentary group of the Justice and Development Party (PJD) in the House of Representatives has called for a joint session of the committees on productive sectors and infrastructure to examine the potential repercussions of escalating military tensions in the Middle East on Morocco's supply of essential goods and fuels, as well as on the country's strategic reserves of key raw materials vital to the national economy. In two letters addressed to the chairpersons of the relevant committees, Abdellah Bouanou, head of the PJD parliamentary group, highlighted recent geopolitical developments and disruptions to maritime traffic through the Strait of Hormuz. This strategic chokepoint handles a significant share of the world's oil and liquefied natural gas exports, making it critical to global energy supply and market stability. PJD lawmakers warned that these developments could increase pressure on Morocco's economy, potentially affecting citizens' purchasing power and putting additional strain on public finances. The group has called on the Minister of Industry and Trade to attend a meeting of the Productive Sectors Committee to present the ministry's assessment of these geopolitical shifts and their possible consequences. They also requested the presence of the Minister of Energy Transition and Sustainable Development at a session of the Infrastructure, Energy, Mines, and Environment Committee, to evaluate how regional tensions could affect Morocco's energy security and the evolution of fuel prices. Meanwhile, Minister of Economy and Finance Nadia Fettah Alaoui recently acknowledged the direct impact of the conflict in Iran on oil prices. Morocco had based its 2026 finance law on an estimated oil price of $65 per barrel, but prices have now exceeded $100 on international markets.
