Oil at $100 a Barrel Promises Boon for Africa’s Largest Country

Algerian authorities were thrown a lifeline after Russia’s full-scale invasion of Ukraine sent energy prices soaring, now there’s hope that the rise in oil prices driven by the war in Iran will offer another.

The North African nation of 47 million people has long relied on some of the continent’s largest oil and gas reserves to pay for many of its subsidies, and since being clobbered by the 2014 price crash it has found it increasingly hard to fund its budget.