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**Oil Shock Hits Africa: War, Pandemic, and Ukraine Crisis Now Tripled**

Africa middle_east trade economy countries
A new surge in global oil prices threatens to derail economic recovery across Africa. The recent conflict in the Middle East is causing oil costs to rise sharply. This creates a fresh crisis for the many African nations that are net importers of fuel. These countries were only just beginning to stabilize from a series of severe economic shocks. First, the COVID-19 pandemic damaged economies. Then, the war in Ukraine triggered another spike in food and energy prices. Now, this third oil price surge risks overwhelming their progress. Higher oil prices directly increase costs for transport, electricity, and essential goods. For nations that must buy fuel from international markets, it drains vital foreign currency reserves and can lead to higher inflation and social unrest.