HARARE — In a move that sent shockwaves through global energy markets, Brent crude oil prices crashed to $94.91 per barrel yesterday, marking a staggering 13% decline in a single session. This historic plunge follows the announcement by the U.S. administration of a two-week ceasefire with Iran, easing fears of a total blockade in the Strait of Hormuz. While the world celebrates, Zimbabwean motorists remain trapped in a high-cost cycle. Despite the global dip, petrol and diese

Zimbabwe’s latest fuel price increase, with petrol now at $2.17 per litre, has triggered a familiar wave of frustration. Social media is awash with anger, commuters are bracing for higher fares, and businesses are quietly recalculating their costs. The explanation being offered is equally familiar: global oil prices are rising, driven by escalating tensions involving Iran in the Middle East. It is true, but it is not the whole truth. Because while the trigger may be global, t