In this week’s Government’s Press Conference (Monday 9th March, 2026) the Honorable Premier and Minister of Finance, Mrs. Cora Richardson Hodge, focused on the possible unfavourable impacts that would be brought on by the war in the Middle East. In presenting her report, she acknowledged the adverse climate that has arisen due to the US and Israel’s attack upon Iran.
“In relation to the global conflict due to the war in the Middle East, we are closely monitoring the ongoing geo-political tensions overseas and their possible implications for Anguilla,” she said, “particularly taking note of oil prices and resulting inflation.”
The Premier alluded to the fact that international markets have seen sharp volatility in recent days due to the rise in the price of crude oil, which has surged to over US$100 per barrel, heading towards US$120, amid concerns of disruption to Middle East supply routes.
“For a small import-dependent economy like ours, such developments can eventually affect transport, electricity, and the wider cost of living,” she noted. “It is important to note that international prices do not always immediately impact local prices, as there is usually a lag while shipments and supply contracts work through the system.”
The Premier observed that there are mixed international reviews about future implications and resulting effects of the war that will determine whether the impacts will be short-lived or more prolonged.
“While some investors appear to be betting on a temporary shock” she said, “other perspectives reflect sustained higher prices which will ultimately impact the cost of living. Our position here is to remain calm and monitor the situation and its impact on Anguilla carefully.”
The Premier mentioned that Government will be assessing any potential implications for Anguilla, and it will be prepared to respond appropriately should sustained external pressures begin to feed through more materially into local prices.
In addition, she ascertained that she has held discussions with both the Permanent Secretary of Finance Ms. Marisa Harding-Hodge and the Customs Department in order to be prepared for contingent eventualities relative to pending economic shocks.
