Economists and experts indicate that the rise in fuel prices due to the armed conflict will also impact the costs of maritime, land, and air transport, which will affect the production and marketing chains of food and other products. With rising oil prices, citizens will have to pay more for fuel, and it’s likely that other products like transportation and food will also increase in price. There will be a short-term rise in global trade costs. Stock up and buy locally. The inflationary effect of the Middle East conflict is being felt in Panama.
