The ongoing conflict involving Iran, the United States and Israel has sent shockwaves through global energy markets. Attacks on oil infrastructure and partial closures of the Strait of Hormuz – a chokepoint historically carrying roughly 20% of global oil flows – have pushed crude briefly above $115 per barrel and injected fresh volatility into global markets. For African producers, this creates a structural advantage. These measures could allow African producers to capture a durable share of global flows amid Middle Eastern uncertainty. But these factors are reshaping the continent’s energy landscape, redirecting capital toward African oil and gas projects and creating a window for longer-term upstream and LNG development that strengthens both domestic and global energy security.

Source: The North Africa Journal March 09, 2026 13:58 UTC