The conflict in the Gulf is inspiring a new debate on energy transitions and energy dependency across Africa. Kenya, which is 100% reliant on imports for petroleum products, saw the price of diesel increase nearly 25% in April and again in May. East African countries are discussing setting up a joint oil refinery in Tanga, Tanzania, which will form the end point and export hub for the controversial East African Crude Oil Pipeline from Uganda.
IRGC threatens to cut off all supplies of Middle Eastern oil to the rest of the world in retaliation for the restored U.S. blockade of Iranian ports. The Houthi terrorist proxies in Yemen attacked Red Sea shipping lanes during the Gaza War. Houthis insurgents have hinted they could resume their Red Sea attacks or shut down the Bab el-Mandeb Strait. UNSC voted to extend its observational reporting mandate in the Red Sea for another six months.
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Oil prices have surged in recent days due to renewed fighting between the U.S. and Iran. Oil companies are profiting from the war. Some U.K. lawmakers want to tax their windfall profits. Sen. Sheldon Whitehouse proposed a windfall profit oil tax earlier this year. The top six European oil companies made at least $22 billion dollars in the first quarter of 2026.
Yemen's Houthi movement is preparing to close the Red Sea oil route through the Bab el-Mandeb Strait if the United States strikes Iranian power infrastructure, according to Reuters reports. This poses a significant new threat to global energy supplies.
The conflict in the Gulf is inspiring a new debate on energy transitions and energy dependency across Africa. Kenya, which is 100% reliant on imports for petroleum products, saw the price of diesel increase nearly 25% in April and again in May. East African countries are discussing setting up a joint oil refinery in Tanga, Tanzania, which will form the end point and export hub for the controversial East African Crude Oil Pipeline from Uganda.
IRGC threatens to cut off all supplies of Middle Eastern oil to the rest of the world in retaliation for the restored U.S. blockade of Iranian ports. The Houthi terrorist proxies in Yemen attacked Red Sea shipping lanes during the Gaza War. Houthis insurgents have hinted they could resume their Red Sea attacks or shut down the Bab el-Mandeb Strait. UNSC voted to extend its observational reporting mandate in the Red Sea for another six months.
Wake up to the essential with our daily newsletter from Africa Insights. Please check your email for a confirmation link to join the daily brief. . for a subscription request has been received and you need to check the email for confirmation link.
Oil prices have surged in recent days due to renewed fighting between the U.S. and Iran. Oil companies are profiting from the war. Some U.K. lawmakers want to tax their windfall profits. Sen. Sheldon Whitehouse proposed a windfall profit oil tax earlier this year. The top six European oil companies made at least $22 billion dollars in the first quarter of 2026.
Yemen's Houthi movement is preparing to close the Red Sea oil route through the Bab el-Mandeb Strait if the United States strikes Iranian power infrastructure, according to Reuters reports. This poses a significant new threat to global energy supplies.