Gold boom lifts Africa’s reserves to $530 billion
The jump highlights how African economies are adjusting reserve strategies as currency volatility, inflation risks, geopolitical tensions and tighter global financing conditions continue to pressure emerging markets.
Oil prices rise as Iran restricts access to Strait of Hormuz, ceasefire nears expiration
Brent crude, the international benchmark, is up about 7 percent to $96.88, after settling on Friday at its lowest level since March 10 on news Iran would reopen the strait. US crude was up 7 percent to $90.33.
If the war’s over, when does everything go back to normal?
If the war is actually ending, the logical question from anyone who has filled a gas tank over the past month is: When will prices return to where they were before the war?
Iran war seen boosting Africa’s renewable energy deals
Private renewable-energy investments in Africa are set to accelerate as the Iran war drives nations to try and cut their dependence on imported oil and gas.
Nigerian airlines brace for shutdown as US–Iran conflict disrupts aviation fuel supply
Nigeria’s domestic aviation industry is edging toward a potential shutdown as operators grapple with a sharp and sustained spike in fuel costs, raising concerns about widespread disruptions to air travel and economic activity.
World Bank trims Zim growth outlook amid global headwinds
The adjustment reflects mounting geopolitical pressures, particularly tensions in the Middle East, alongside persistent structural challenges and rising debt-servicing obligations that continue to weigh on the country’s economic trajectory.
29 African currencies knocked down by Middle East war: AU,AfDB
At least 29 African currencies have weakened, according to a joint assessment by the African Union and the African Development Bank, amplifying the cost of servicing external debt and importing essential commodities such as food, fuel, and fertiliser.
Trump says US blockade of Iranian ports to begin on Monday 14:00
Donald Trump said that the US will start blockading ships entering and leaving Iranian ports from Monday, 10:00 ET (14:00 GMT, 15:00 BST)
‘Failed US-Iran talks major blow for global economy’
The impact on the wider economy is direct. Higher oil prices feed into transport, food and other goods, adding to inflation and squeezing budgets.
What’s really shaking the markets? Goldman says it isn’t the Iran war
The conflict in the Middle East has fueled the recent spike in equity volatility, Goldman says, but the firm’s macro strategy research team sees an ongoing structural rise in long-term volatility beyond the war’s end.