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BackYemen's Construction Sector Collapses Amid Soaring Fuel Prices and Regional War
Yemen's Construction Sector Collapses Amid Soaring Fuel Prices and Regional War
Developing
Al Jazeera1 hour agoEconomy5 min read

Yemen's Construction Sector Collapses Amid Soaring Fuel Prices and Regional War

Quick Look

Yemen's construction industry grinds to a halt due to soaring fuel prices triggered by the US-Israel-Iran war, devastating the livelihoods of labourers like Fuad Mohammed amid a broader economic crisis.

AI-generated summary

Why It Matters

Yemen's decade-long war has led to a bifurcated economy, with the current regional conflict exacerbating supply chain and price issues.

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Taiz, Yemen – Fuad Mohammed has been working as a construction labourer for more than 25 years. The 46-year-old has seen things get progressively worse in Yemen’s construction industry since the war in the country started more than a decade ago, and then further deteriorate after the US-Israel war on Iran began in late February, with its devastating economic impact on the wider region.

“We can barely eke out a living for our families,” Fuad told Al Jazeera.

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What to Watch

AI outlook — possibilities, not facts

  • Further price increases before any potential stabilization.

    Likely · Short term

  • Increased humanitarian crisis among labourers and dependent families.

    Very likely · Short term

Open Questions

  • When will the US-Israel-Iran war end?
  • How will the Houthi rebels' actions affect long-term regional stability?

Related Topics

This article was originally published by Al Jazeera.

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