Iran strikes gulf oil, gas sites as war jolts energy markets, what cost for South Africa ?

AFP / France 24
by Clémence WALLER
March 20, 2026
3 min read

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Iran's strikes on Gulf oil and gas sites disrupt global energy markets, creating economic risks for countries like South Africa.

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Iran has struck Gulf oil and gas sites, disrupting energy markets and triggering economic concerns across the African continent. South African officials are warning that the Middle East conflict involving the U.S., Israel, and Iran poses significant economic risks to their country and the broader region. The strikes have reverberated beyond traditional energy-dependent economies, affecting nations like South Africa that rely on stable global commodity prices and trade flows. The instability highlights how regional conflicts can cascade into broader economic consequences for countries with limited direct involvement in the dispute. South African political analyst Sanusha Naidu discusses how the escalating tensions could reshape the economic landscape for the continent.

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