Sigh of relief in Africa as the Strait of Hormuz 'reopens'
A potential US-Iran agreement could lower energy, fertilizer, and food prices in Africa if the Strait of Hormuz fully reopens. Oil exporters such as Nigeria and Angola might have to cope with less revenue, experts say.
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Source: DW News
A potential US-Iran agreement could lower energy, fertilizer, and food prices in Africa if the Strait of Hormuz fully reopens. Oil exporters such as Nigeria and Angola might have to cope with less revenue, experts say.
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A proposed US-Iran deal to reopen the Strait of Hormuz is raising hopes for global shipping and oil markets. But naval mines, high insurance costs and geopolitical risks mean disruption could persist for months.
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