• Fri. Mar 13th, 2026

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Oil Shock Fears Grip Africa as Iran War Threatens Fuel Prices and Fragile Economies

Byadmin

Mar 13, 2026 #Kenyan
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As the war involving Iran stretches into its second week, economists are warning that a prolonged conflict could trigger a severe economic shock across Africa, with surging oil prices threatening to drive up fuel costs, inflation and currency instability in many already fragile economies.

Reporting for CNN, journalist Larry Madowo says African governments are increasingly worried that disruptions in global energy markets could quickly ripple across the continent, where most countries rely heavily on imported refined petroleum products from the Gulf.
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