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Can Africa tackle the oil shock from the Iran war?

CN
CitrixNews Staff
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Can Africa tackle the oil shock from the Iran war?
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African nations are scrambling to secure oil and gas as the Iran war disrupts supplies from the Middle East.

The continent relies heavily on oil and gas imports from the Middle East.

Much of this supply is currently stuck on tankers near the Strait of Hormuz, which is closed.

Countries including Kenya, Ethiopia and Zambia are reporting shortages.

Africa’s largest oil refinery in Nigeria is pumping out crude at maximum capacity, but that’s nowhere near enough to meet the continent’s needs.

In addition, Africa’s energy infrastructure has suffered from years of underinvestment.

Originally reported by Al Jazeera