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Middle East conflict disrupts African supply chains, raising fuel prices and threatening inflation.
South African President Cyril Ramaphosa warned that escalating Middle East tensions are disrupting African supply chains and driving up energy prices, citing U.S.-Israel strikes on Iran and Iranian retaliation that damaged oil infrastructure and disrupted shipping through the Strait of Hormuz.
Speaking at the Africa Energy Indaba, he highlighted Africa’s vulnerability as an import-dependent continent, urging greater energy self-reliance, regional integration, and concrete action to build resilient infrastructure and industrial capacity.
Global oil prices have surged, the rand has weakened, and fuel prices in South Africa are under pressure, with potential increases of R2 to R4 per litre expected in April.
These developments threaten inflation, may delay interest rate cuts, and underscore the urgent need for economic reforms and energy security across the continent.
El conflicto en Oriente Medio interrumpe las cadenas de suministro africanas, elevando los precios de los combustibles y amenazando la inflación.