He made the remarks yesterday during the PIOJ’s quarterly review providing preliminary estimates for the economy’s performance in the October–December 2025 quarter.
Iran pushed, what many called the panic button by closing the Strait of Hormuz in response to Saturday's attack on its territory by the United States and Israel.
The Strait is considered a key choke point for global oil shipping.
Foreign Affairs Minister, Kamina Johnson Smith gave the update at Jamaica House this morning.There has been an escalation of the war in the region since Saturday when the United States and Israel struck Iran, killing its Supreme Leader.
That's according to Prime Minister, Dr. Andrew Holness, as he defended his administration's decision to utilise $11.4 billion from the NHT.The matter has been a topic of contention, especially for the Opposition, which has repeatedly called for the practice to be stopped.
Four people are in custody and about $45 million worth of marijuana seized by the Jamaica Defence Force (JDF) following the interception of a vessel, southwest of Long Bay Beach in Manchester yesterday.
Reports are that, members of the JDF Coast Guard were conducting routine patrols along the country's southern shores, when they detected a suspicious vessel, near the Farquhar Beach area in Clarendon