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oil prices

A fuel station forecourt with vehicles refuelling under a metal canopy, suggesting rising fuel costs in a southern African town.

Namibia’s Economy Squeezed by Middle East Conflict and U.S. Policy Shifts

An ongoing war between the United States and Iran, now in its second phase with escalating strikes across the Gulf region, is reverberating far beyond the Middle East, according to AllAfrica. For Namibia, a country whose economy depends heavily on imported goods, the geopolitical standoff has materialised into measurable increases in fuel, food and transport […]

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An aerial or elevated view of a large oil tanker transiting a narrow turquoise waterway between two arid coastlines, with industrial port in

Oil prices climb as US-Iran tensions cloud Strait of Hormuz recovery

Crude oil prices edged higher as renewed tensions between the United States and Iran raised fresh doubts over the reopening of the Strait of Hormuz, one of the world’s most critical energy shipping lanes. Brent crude ticked up amid concerns that tit-for-tat strikes between Washington and Tehran could derail efforts to restore normal traffic through

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A nuclear power station at golden hour showing two concrete cooling towers releasing thin steam beside a domed reactor containment building,

Middle East Conflict Drives Africa Towards Nuclear Power as Energy Crisis Bites

The convulsions in the Middle East are sending shockwaves far beyond the region. For Africa, where energy poverty already blights the lives of hundreds of millions and constrains industrial development, the disruption caused by the Iran war has become a catalyst for a conversation that the continent has postponed for decades: whether to embrace nuclear

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