US-Iran war destabilises North Africa: Economic fallout and regional instability (ecfr.eu)

• US-Iran war disrupts Strait of Hormuz shipping, driving up oil prices
• North African countries hit by high energy and fertiliser costs
• Remittances and Gulf investments as key forex sources under threat
• EU's Mediterranean Pact seen as potential stability tool

"The renewed US-Iran war is shaking North African economies. Rising oil prices, disrupted fertilizer supply chains, and declining remittances from the Gulf threaten stability. Tunisia and Egypt struggle with forex reserves, while the balance of power between Morocco and Algeria shifts. The EU sees an opportunity to advance its Mediterranean Pact to support the region."