The United Taxi Company (UTC) is bracing its membership for potentially significant fuel price increases, as the escalating conflict in the Middle East continues to rattle global energy markets and raise serious concerns for local transport operators.
According to Antigua Observer, the UTC has begun preparing its members for the financial impact that could follow rising oil prices, with the conflict directly implicating Iran — one of the world's leading oil-producing nations — sending shockwaves through the global energy sector.
The ongoing hostilities in the Middle East have renewed fears among transport providers in Antigua and Barbuda that pump prices could climb sharply, squeezing already tight operating margins for taxi operators across the island.
