Next Africa

African Economic Shock Looms as Trump’s Gulf War Escalates

Oil importers from South Africa to Congo face a balance of payments hit.
A BP fuel station in Cape Town, South Africa, in March 2022.Photographer: Dwayne Senior/Bloomberg

Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at how the surge in oil prices from the war in Iran will impact African economies.

The costs of the Iran war for African nations are starting to become clear.