pushes

UK food prices “could hit 9% this year” as the Iran war pushes up energy prices

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UK food prices "could hit 9% this year" as the Iran war pushes up energy prices

Food price rises could hit 9% in the UK this year, even if the strait of Hormuz opens in the next few weeks, figures suggest, as the Iran war raises energy prices. The Food and Drink Association, which represents 12,000 food and drink manufacturers, has predicted that prices will rise by “at least” 9% by … Read more

The Strait of Hormuz oil pressure pushes Botswana to a 30% stake in Angola worth $6 billion.

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The Strait of Hormuz oil pressure pushes Botswana to a 30% stake in Angola worth $6 billion.

As tensions between the United States and Iran escalate, countries are scrambling to secure energy supplies, pursue new alliances and strategic investments to prevent their economies from becoming politically entrenched. Botswana is one of those setting the trend. The landlocked southern African country, which does not produce crude oil, is entirely dependent on exports of … Read more