Skip to playerSkip to main content
  • 1 day ago
African reactions grow as Middle East escalation raises economic concerns

Reactions are mounting across Africa as tensions escalate in the Middle East following strikes by the United States and Israel on Iran, and Iran’s subsequent retaliation across the region.

READ MORE : http://www.africanews.com/2026/03/12/african-reactions-grow-as-middle-east-escalation-raises-economic-concerns

Subscribe on our Dailymotion channel and receive all the latest news from the continent.

Africanews is available in English and French.
Website : www.africanews.com
Facebook : https://www.facebook.com/africanews.channel/
Twitter : https://twitter.com/africanews

Category

🗞
News
Transcript
00:00Across Africa, reactions are pouring in over the rapidly escalating tensions in the Middle East.
00:05In Morocco, King Mohammed VI has described Iranian strikes on Gulf states as abhorrent and a violation of Arab state
00:13security.
00:14Beyond the political response, many people on the ground are increasingly concerned about the potential economic fallout.
00:22I think this concern is mainly about the economic situation.
00:25As a nation, we are affected much more by what is happening at the regional level than what is happening
00:31domestically.
00:34In Algeria, authorities are calling for calm and an immediate ceasefire.
00:38On the streets, opinions are mixed.
00:40Some express sympathy for Iran's stance against U.S. dominance,
00:44while others worry the conflicts could widen and trigger retaliation,
00:48with many believing global powers are ultimately acting in their own interests.
00:55This is a war of interests. That is how I see it.
00:58Iran is pursuing its interests, Israel is pursuing its interests,
01:02the UAE are pursuing their interests, and the United States is also pursuing its interests.
01:07Each of them are pursuing their own interests. I do not believe this is in the interest of Palestine.
01:12In Tunisia, tension is also turning to the economic impact,
01:16with many warning that further escalation could hit energy and food prices,
01:21raising concerns across Africa, where economic questions can be acute.
01:27Every time a war breaks out, prices go up.
01:30Right now, the price per gram of gold is between 140 to 143 euros.
01:36You understand tomorrow, prices could go up and reach about 170 euros.
01:42ECOWAS has also voiced deep concern over the escalating hostilities in the Gulf.
01:47The regional bloc warned that any prolonged disruption in the Persian Gulf
01:50could threaten global oil and gas flows,
01:53raising fears of wider economic consequences.
Comments

Recommended