Each time oil prices spike in the Gulf, Africa is reminded of an uncomfortable truth: too much of our economic confidence still depends on decisions made far from our shores.
Last week, Brent crude moved back above $100 a barrel after the latest escalation around Iran and the Strait of Hormuz, a corridor that handles about a fifth of global oil trade. For Africa, that is not distant geopolitics. It is a direct tax on transport, food, fertiliser, manufacturing and household budgets.
