[The Conversation Africa] The attacks by the US and Israel on Iran, which started on 28 February 2026, upended key supply chains, driving oil prices above US$100 a barrel. The spike followed Iran s closure of the Strait of Hormuz in response to the US and Israeli action. About 20% of the world s oil supplies are transported through the strait.
Friday 17 April 2026
allafrica - 28 days ago
Africa: Oil Price Surge Is Hurting African Economies - Scholars in Ethiopia, Kenya, Nigeria, Senegal and South Africa Take Stock
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