Africa Faces Economic Crisis from Middle East Conflict, Fuel Prices Soar

• African nations are grappling with severe economic impacts from the Middle East conflict, particularly rising fuel prices.
• Lagos taxi driver Adegbola Isaac saw fuel prices jump 35% since the Iran war began, wiping out daily profits.
• The Strait of Hormuz closure exacerbates hardships for already struggling African households.
• Africa, a net importer of refined oil, experiences swift increases in retail fuel and goods costs.
• Experts warn of prolonged impact if the conflict continues, pushing Africa into unknown economic territory.