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Africa’s winners and losers as Iran war reshapes oil, gold markets

An oil worker on the field. Photo by Chintya Akemi Keirayuki @ Unsplash
An oil worker on the field. Photo by Chintya Akemi Keirayuki @ Unsplash

As oil prices surge and gold rallies, the US–Israel–Iran war is splitting Africa into commodity winners and inflation-hit losers, exposing deep structural vulnerabilities.

The US–Israel–Iran war is reshaping Africa’s economic fortunes, creating clear winners and losers as oil surges and gold cements its role as a financial lifeline.

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