Almot Maqolo, Staff Writer 
THE threat of the raging Israel-Hamas war sucking in the entire Middle East region poses significant risks for Zimbabwe’s economy, analysts have warned.
Speaking to The Financial Gazette this week, the analysts said the escalating conflict had the potential to further drive up oil prices, among other things, dealing a fresh blow to both the local and global economy.
This comes as Zimbabwe is yet to recover fully from the market chaos of the past few months and the shocks triggered by the coronavirus pandemic, as well as the Russia-Ukraine war. In addition, the country is also facing a drought.
“So far, the direct impact of the war on our country has been minimal due to limited trade between Zimbabwe and Israel and Palestine.
“However, the Middle East produces about 32 percent of the fuel consumed globally, and any protracted war or involvement of the neighbours or their allies will affect the smooth production of oil upstream, and its transportation mid or downstream.
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