Gulf Conflict Drives Brent Crude Prices Above $90/Barrel

The recent resumption of conflict in the Gulf has led to a surge in Brent crude prices, pushing them above $90 per barrel. This increase has had a positive impact on Africa's largest oil producers, bolstering their investment case and oil windfall.

Africa's hydrocarbon sector is expected to benefit from this price hike due to its dependence on international markets. The continent's upstream and refining sectors are likely to receive a boost as a result of the increased demand for oil.