A possible US-Iran agreement could reduce energy, fertilizer and food prices in Africa. East Africa in particular would benefit, while oil exporters would have to accept disadvantages in the short term.
The opening of the Hormus road is expected to revive the economy. However, the economic damage caused by the past few months is heavy – and its worst consequence is still outstanding.
A possible US-Iran agreement could reduce energy, fertilizer and food prices in Africa. East Africa in particular would benefit, while oil exporters would have to accept disadvantages in the short term.