Strait of Hormuz: How Africa avoided an energy shock
AI Summary
Africa has shown resilience in response to rising pump prices, supply-chain challenges, and inflation linked to the Middle East war. Despite avoiding a direct energy shock, the continent's economic and social stability faces risks due to ongoing geopolitical tensions.
Between soaring pump prices, supply-chain tensions and a new wave of inflation, the consequences of the war in the Middle East have been felt far beyond the front lines. Under pressure, the continent once again demonstrated its resilience β but at what cost?
World Markets Commodities Energy Africa energy prices Middle East war inflation supply chain economic resilience