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Fuel costs drive massive trade deficit

ZIMBABWE’S trade defi­cit surged by 59,3 per­cent in March, fuelled by soaring global energy prices and rising import costs. The widening gap comes amid the ongoing Middle East conflict, particularly disruptions affecting the Strait of Hormuz, which have constrained oil supplies and pushed up global Brent crude prices. According to Zimbabwe’s ex­ternal trade statistics, South…

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