US EditionWar in the Middle East: What Economic Consequences for Senegal?
3 Articles
3 Articles
The war in the Middle East and the closure of the Strait of Ormuz by Iran, through which much of the world's oil and gas production flows, bring about a significant rise in oil prices on international markets. What are the economic consequences for a country like Senegal? Often perceived as potentially favourable to producing countries, this increase in oil prices will in fact have a negative impact on Senegal's budget.
The war in the Middle East and the closure of the Strait of Ormuz by Iran, a strategic passage through which a large proportion of world oil and gas transits, cause prices to rise in international markets. For a country such as Senegal, which is heavily dependent on oil imports, this increase represents a real economic shock. Contrary to a widespread idea that rising oil prices would automatically benefit the producing countries, the reality is …
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