President Luis Abinader said his administration is monitoring the worsening of the crisis in the Middle East “hour by hour.” The President said the conflict between Iran and Israel can significantly impact hydrocarbons and fuel prices in the DR. The President made the remark when addressing a journalist question during the 23 June 2025 weekly press conference.
Speaking during the press conference, the President said that the DR only imports 20% of its total hydrocarbon imports from the Middle East.
Already shipping fares are up, as shipping lines are applying the shipping contingency charges. Minister of Industry and Commerce Victor (Ito) Bisono said that the cost of cargo shipping is up. “Nobody wants their ship to be sunken and the normal insurance does not cover war contingencies,” he explained.
A report in Noticias SIN explains that even when the conflict is thousands of km away in the Middle East, the country could suffer from increases in hydrocarbon prices, food prices and electricity prices, less tourists, impact on remittances and trade in general.
At the present time, the DR imports most of its refined fuel for transport needs from the United States. It also sources its natural gas from the United States and Trinidad & Tobago.
Read more in Spanish:
La Semanal 23 June 2025
N Digital
Listin Diario
Noticias SIN
El Nuevo Diario
El Nuevo Diario
Esta Noche con Mariasela
OEC
El Dia
25 June 2025