Aziz Akhannouch has convened a ministerial committee to assess and mitigate the potential economic fallout from escalating tensions in the Middle East, signaling Rabat’s growing concern over global instability.

The meeting, held in the capital, brought together key government officials to evaluate how geopolitical developments could impact Morocco’s economy, particularly through rising energy costs and disruptions to international markets.

Officials presented a series of projections outlining possible scenarios, with a focus on safeguarding macroeconomic stability and protecting household purchasing power. The government aims to stay ahead of potential shocks by closely monitoring global trends and adjusting policy responses accordingly.

Central to the discussions was the sharp increase in energy prices, especially butane gas, which has seen significant volatility since the onset of the crisis. Despite this, the government reaffirmed its commitment to maintaining subsidies on essential goods, a move designed to cushion Moroccan consumers from global price spikes.

Authorities also pledged to keep electricity prices stable and to continue targeted support for vulnerable sectors, including transport, which is particularly exposed to fuel cost fluctuations.

The committee is expected to meet regularly as the situation evolves, allowing policymakers to respond swiftly to any deterioration in global conditions.

Morocco’s proactive stance reflects broader concerns among energy-importing nations, as tensions in the Middle East continue to fuel uncertainty across international markets.