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Maroc Maroc - WN.COM - Africa - 03/Apr 11:51

FACTBOX – Africa scrambles to manage Iran war energy shock

- Import-dependent economies are hit hardest, with fuel price hikes and supply strains expected to push up inflation and disrupt transport - Governments roll out subsidies, tax cuts and emergency fuel imports to ease shortages and rising pump prices The ongoing US-Israeli war on Iran and Tehran’s retaliation are triggering ripple effects across Africa. Governments are scrambling to cushion fuel shortages, surging pump prices and supply disruptions after the conflict disrupted energy flows through the Strait of Hormuz, a route that carries about a fifth of global oil and gas. Several African nations rely heavily on fuel imports from the Gulf, leaving them vulnerable to global supply...

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