economy
April 10, 2026
Madagascar declares energy emergency as Iran war disrupts fuel supply
Madagascar has declared a 15-day energy emergency in response to fuel shortages and disrupted electricity generation across the island caused by the Middle East conflict
TL;DR
- Madagascar declared a 15-day energy emergency due to fuel shortages.
- Disruptions are linked to the Middle East conflict affecting shipping through the Strait of Hormuz.
- A joint report warned of a potential cost-of-living crisis across Africa due to rising fuel and food prices.
- Other African nations like South Africa, Senegal, and Kenya are implementing emergency measures.
- Afreximbank approved a $10 billion program to shield African and Caribbean economies from the Gulf crisis.
- Nigeria's Dangote refinery is increasing fuel and fertilizer exports to African markets.
- US President Trump announced a two-week ceasefire that could ease shipping in Hormuz.
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