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flag Oil prices exceed $100 as Middle East tensions disrupt trade, raising costs and threatening inflation recovery in Africa.

flag Global oil prices have surged above $100 per barrel due to escalating tensions between the U.S., Israel, and Iran, threatening inflation recovery across Africa. flag Nigeria’s headline inflation dipped slightly to 15.06% in February, but the Centre for Policy and Public Finance warns this reflects slowing price growth, not real improvement, as food inflation rose to 12.12% and energy and transport costs continue to strain households and businesses. flag The conflict disrupts key oil routes like the Strait of Hormuz, raising fuel and fertilizer prices, impacting import-dependent nations. flag South Africa faces similar risks, with fuel prices projected to rise sharply, making an interest rate cut unlikely. flag The crisis threatens food security, economic stability, and financial resilience, especially in vulnerable countries like Nigeria, Egypt, Ghana, and Ethiopia.

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