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Oil price shocks resulting from the ongoing war in the Middle East have impacted the economies of African countries, including South Africa.
13 reports, 8 independent
Updated Sep 23
Gone quiet
- Reports
- 13
- Developments
- 4
- Repetition
- 92%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Oil price shocks resulting from the ongoing war in the Middle East have impacted the economies of African countries, including South Africa.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- South Africa is Africa's most industrialized economy, and geopolitical events prompted a policy pivot regarding its fuel reserves.Sub-event
- South Africa is experiencing supply chain disruptions via imports due to the Middle East conflict, as reported by S&P Global regarding the South African private sector PMI data.Sub-event
- Geopolitical tensions in the Middle East are raising operational costs for South African citrus growers.Sub-event
ME war causes oil price shocks affecting Africa and South Africa.1 source
Keep exploring
Part of
Tensions involving Africa and the Middle East are disrupting critical global shipping routes.Also in this story
- Geopolitical risks are causing disruptions to global commodity prices due to pipeline attacks, forcing reliance on waterways in the Red Sea.
- War damage and underinvestment in refining capacity are making global supply chains vulnerable, affecting Africa and the Middle East.
The entities involved
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Africa
continent
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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South Africa
country in southern Africa
Related events
- Oil shocks resulting from the ongoing war in the Middle East.
- SARB published notes detailing South Africa's economic decline, linked to Middle East war impacts on oil prices and imports.
- War in the Middle East is causing oil market shortages.
- The ongoing conflict between Iran and Israel has led to oil price spikes and fuel rationing globally, impacting Africa.
- Oil price hikes due to Middle East conflicts are being monitored alongside surveys on foreign trade volume.
Coverage
Newest first; wire copies grouped- politicsweb.co.za
- ewn.co.za
- businessday.co.za
- businessday.co.za
- businessday.co.za
- cnbcafrica.com
- engineeringnews.co.za
- news24.com
- english.news.cn
- sana.sy