South Sudan economists have called on the government to store essentials goods such as fuel amidst escalation of Iran – Israel war.
In an interview, Abraham Maliet a prominent South Sudanese expressed that the ongoing conflict affected the whole world hence there is need for measures to put in place to help should the war escalate.
Maliet expressed South Sudan being Oil export country just like other countries in the world will be affected by the ongoing war.
He however stated that the conflict has no much serious impact on South Sudan at the current stage unless it intensified in the near by future.
The Israel’s strikes on Iran, and Iran’s response, initially caused a shudder on global financial markets.
The price of oil in particular surged after the demand of the fuel become very high due to the ongoing war.
The pending plan by Iran to close down strait/passage for oil remain a big threat to most countries trading in oil including South Sudan.
The economist appealed to the government to put in plans such as storing essentials good such fuel to ensure that the country should ran out should the war led to the closure of the passages that affect oil trade.
“My message to South Sudan government, we should be able to store some essential commodities such as fuel so that should things escalate, we should be able to have them in stock” Maliet said.
The economic added that storage of enough fuel with allow meet the demand should there be difficulties in exporting the oil during the escalation of the war.
He appealed to the Citizens and the public not to worry adding that it is world crisis that can easily we handle and brought to an end since it affects almost every country.
The economist acknowledged that the ongoing conflict has affected the world of which South Sudan is part however it should not worry the Citizen since it will have a solution.
“For sure we are affected in one way or another like other part of the world” he said.
Maliet said that despites the conflict the international traders in oil and other commodities should always look for ways to ensure that the traders passages remain open and trading remain active.
“International Oil traders usually have alternatives, they have their own ways to go through,” he said
He added that due to law of demand and supply the oil prices would definitely increase.
The economists however expressed that the increment in oil prices at Internation could not be celebrated by oil producing countries like South Sudan since it will increase prices of other commodities.
“It is about demand and supply and rising of prices is not always good, because it has to increase with the prices of other commodities.” He said
On his part Michael Kuer a economist based in Kenya expressed that there is need for government to monitor the conflict between Israel and Iran adding that its impact can not easily be felt but one the start it will have harm on country economy.
“It is a war and we who produce oil are aways concern because we have a commodity in world market, the government must focus and monitor in order to be ready to manage any economic threat may come due to the ongoing conflict” Kuer said.
He appealed the Citizens to remain calm adding that South Sudan government like other part of the world would not allow what affect the market but would always focus on measures.
The economist reiterated any conflict in any part of the world affect the business across the countries and there are always measures to respond.
