00:00also in the conflict in the middle east has spread across the globe affecting the caribbean
00:04due to the closure of the strait of omens which has caused problems with fuel
00:09distribution or correspondence crystal hoyer has the details
00:15dominica's prime minister vocevel scarrett has warned that tensions in the middle east could
00:21have direct economic consequences for the country speaking at a press conference prime minister
00:26scarrett said the war involving the united states israel and iran poses risks including rising
00:33fuel prices increased cost of living and disruptions to global supply chains the escalating conflict
00:40involving the united states israel and iran is a matter of great global concern while dominica is
00:47far removed from the theater of conflict we are not insulated from its consequences in today's
00:54interconnected world events thousands of miles away will have significant effects on our daily
01:01lives the prime minister noted the conflict had already caused what he described as the largest
01:07supply disruption in the history of global oil markets as a fuel importing nation dominica faces
01:14potential impacts on electricity costs transportation and the price of goods prime minister scarrett outlined
01:21plan government measures to cushion the effect we will introduce targeted relief measures to help manage
01:28the rising cost of living this will include temporary reductions on duties and taxes on essential goods
01:34and increased support for vulnerable households through our social protection programs he said authorities
01:40will work with dominica electricity services to moderate the impact of rising fuel prices on electricity
01:46tariffs while geothermal energy projects are expected to provide relief the government also plans to engage
01:52with stakeholders in tourism agriculture and the private sector to ensure economic continuity during the period
01:59prime minister scarrett stressed the importance of accelerating renewable energy and local food production to reduce
02:06long-term dependence on imports he called on citizens to remain calm and united as the country navigates the economic
02:14economic fallout from the escalating conflict we're still quite tell us sir bruce john verbatis
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