"Dr. Zainab Usman emphasizes that the obstruction of shipping has affected the entire world, but the choke point in the Middle East accounts for 20% of the world's shipment of crude oil, significantly impacting countries closer to the strait and the Indian Ocean."
"Countries like Ethiopia, Kenya, and Egypt are already experiencing fuel shortages, while those on the Atlantic coast of Africa have not faced similar disruptions, although fuel prices have risen continent-wide."
"Costs have risen anywhere between 30% and 70%, with the most extreme increase reaching up to 150% in Somalia, highlighting the severe impact of the war on vulnerable economies."
The Strait of Hormuz has been closed twice, first by Iran and then by the US, leading to increased fuel and energy costs globally. The ongoing war on Iran has particularly affected African countries like Ethiopia, Kenya, and Egypt, which are experiencing fuel shortages. The choke point accounts for 20% of the world's crude oil shipments, impacting countries closer to the Middle East. Fuel prices have surged by 30% to 150% in some regions, with oil-importing nations facing the most severe consequences.
Read at www.theguardian.com
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