Stakeholders Back Possible US–Iran Deal to Ease Oil Pressure

Stakeholders have welcomed a potential agreement between the United States and Iran to end their conflict, saying it could relieve pressure on global oil markets and bring wider economic benefits to Zambia.

Energy expert Johnstone Chikwanda told ZNBC News that easing tensions in the Middle East would help stabilise oil supply chains and reduce price volatility. He said a calmer regional outlook would give markets greater certainty and support steadier fuel pricing.

Economic Association of Zambia National Secretary Nicholas Mainza said lower oil prices could help tame inflation. He noted that cheaper fuel would cut transport and production costs, improving business conditions and lifting household purchasing power across the country.

Economist Kelvin Chisanga added that more affordable fuel would provide a welcome boost to key sectors of the economy. He said agriculture, mining and manufacturing all stood to gain from reduced energy costs, strengthening output and competitiveness.

Stakeholders said a durable agreement would offer relief to consumers and businesses alike, supporting Government efforts to stabilise prices and sustain economic recovery.