On the nationwide transport strike over fuel price increases, one can sympathise with a government caught between a rock and a hard place. After all, the administration has absolutely no control over the sharp spike in international oil prices since the onset of the American-Israeli war on Iran.
Crude oil prices rising by over 60 per cent will impact directly at the pump prices level. Even efforts to cushion consumers through subsidies and some tax reductions will be puny at best, and very short-lived since the government does not have a bottomless cash reservoir.
