Ethiopia Under Strain: How the 2026 Iran Crisis, Hormuz Closure, and Maritime Insurance Shock Are Driving Imported Inflation and FX Stress
TL;DR:
Iran’s March–April offensive and the temporary closure of the Strait of Hormuz precipitated a sharp jump in global crude and bunker prices and an acute maritime insurance shock. For landlocked, import‑dependent Ethiopia these developments have immediate and wide‑ranging effects. The spike in global energy costs doubled Ethiopia’s monthly fuel impo…
