Overview
- Senegal’s government suspended non-essential foreign trips for ministers after Friday’s announcement by Prime Minister Ousmane Sonko, who also scrapped his own visits to Niger, Spain and France.
- Sonko said crude is trading near $115 a barrel, almost double the $62 assumed in the budget, which he warned is straining state finances.
- The prime minister said new steps will be unveiled next week, and the energy and mines minister is expected to explain how the government will cushion the hit.
- Governments in Pakistan, Egypt, Bangladesh and Haiti have introduced similar travel curbs and fuel-saving rules as the Iran war and a blockage at the Strait of Hormuz push up oil costs.
- For many households in Africa, higher fuel prices now mean skipping commutes or meals, showing how a global supply shock can squeeze daily life.