Energy costs from Hormuz to Morocco

The article discusses the energy crisis facing Morocco due to rising fuel and natural gas prices resulting from geopolitical tensions, especially around the Strait of Hormuz, and their impact on the national economy. The text highlights that Morocco relies heavily on energy imports, covering 90% of its needs, with the value of its energy imports—particularly fuels and derived products—experiencing a significant increase of 53.1% in unit value during the first half of 2026. The surge in energy prices leads to inflation in transportation and production costs, threatening to further erode citizens' purchasing power and placing pressure on public finances. There is a need to balance supporting households and businesses while maintaining ongoing public funding. The report emphasizes the importance of diversifying energy sources and increasing renewable energy to reduce dependence; ongoing tensions could lead to structural changes in energy procurement costs. It advocates for long-term strategies to improve energy efficiency and strengthen logistical capacities. Additionally, it notes that the new government, led by Fatima Zohra Omrani, faces significant challenges in managing these trade-offs to ensure economic stability and preserve social and economic development gains, especially given the heavy costs borne by families and the most vulnerable groups.

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