Iran war delivers new inflation stress to African economies emerging from older shocks

2026-03-23 - 08:22

The ripples of the war against Iran by the US and Israel are exerting inflationary pressures across Africa through higher energy and fertiliser prices, threatening an already fragile economic recovery. Most of Africa’s 54 countries depend on fuel imports and have experienced sharp increases in fuel prices, driven by disruptions to Middle East exports and the surge in global prices. Most are just getting over the price shocks caused by Russia’s war with Ukraine, which started in 2022 and has hurt...