Morocco among 8 countries most exposed to energy crisis risks due to Middle East war fallout

Morocco is among eight countries most exposed to the risk of an energy crisis as fallout from the U.S.–Israel–Iran war continues to disrupt global energy markets and raise concerns over its economic impact, according to a recent report by the Attaqa platform.

Citing a study by the specialized magazine Energy World, Morocco scored 74.6 on the vulnerability index, ranking fourth after Singapore, Turkmenistan, and Hong Kong among the countries most exposed to external energy shocks.

The study, which examined 75 countries, stressed that fossil fuels account for 90.1% of Morocco’s total energy consumption, while alternative and nuclear energy make up just 3.7% of the energy mix.

Despite efforts to diversify its energy sector, Morocco still depends heavily on external supplies, particularly natural gas, with 95% of its needs covered by imports. 

This leaves the country exposed to global supply disruptions and price volatility.

Meanwhile, the platform placed Singapore at the top of the list as highly vulnerable, as fossil fuels account for 97.9% of its energy consumption, while alternative and nuclear energy stand at just 0.2%, with full reliance on imported natural gas.

Turkmenistan, on the other hand, relies entirely on fossil fuels for 100% of its energy consumption, with no share from alternative or nuclear energy, scoring 80.7 on the vulnerability index.

The war has pushed some countries to introduce exceptional measures to contain the impact and adapt to shifts in global energy markets.

These include raising fuel prices and reducing pressure on electricity, as disruptions in the Strait of Hormuz continue to affect global oil and gas supplies.

So far, fuel prices in Morocco have risen three times in the span of a month, and economists expect them to remain stable in the second half of April at best, if the temporary ceasefire between the United States and Israel and Iran holds.

Oil prices saw a noticeable drop following Trump’s announcement of the agreement, with U.S. crude futures falling 18% to around $92.60 per barrel and Brent crude down about 6% to $103.40 per barrel, according to the AP.