The first tankers that turned away from the Strait of Hormuz did not just redraw shipping maps. They redrew grocery lists, too. After Iran’s partial closure of the strait disrupted a chokepoint that carries roughly 20 per cent of the world’s oil, traders priced in something they know too well: war is not only about missiles; it’s about the bill that lands on kitchen tables months later.
Brent crude climbing back above US$100 a barrel, and touching roughly US$120 on the worst days, is already…
As war premiums hit groceries, China deals give Africa room to breathe
