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One World Gazette

Barbados

Caribbean countries are feeling the squeeze from this energy crisis—and not just from gas prices

Caribbean countries are feeling the squeeze from this energy crisis—and not just from gas prices

Caribbean economies are draining millions in foreign-exchange reserves and jeopardizing tens of thousands of tourism and logistics jobs as volatile global energy markets exacerbate deep-seated structural vulnerabilities. In Barbados and across the broader region, the fallout extends well beyond retail fuel prices. Escalating import costs for petroleum derivatives are compressing corporate profit margins, siphoning market share in fiercely competitive service sectors, and forcing hospitality and transport operators into relentless cost-optimization cycles that now threaten regional trade stability.