How Middle East conflict and soaring oil prices will affect Angola’s Chinese debt deals

As conflict in the Middle East pushes oil beyond US$100 per barrel, Angola and other African producers are in line to be among the main beneficiaries. On Thursday, following renewed tanker attacks, Brent crude oil prices surged back past US$100 a barrel, having reached a peak of US$119.50 on Monday, the highest level since 2022. The closure of the Strait of Hormuz, a key maritime chokepoint through which about 20 million barrels of oil and petroleum products flow daily, has crippled energy...


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