The closure of the Strait of Hormuz and subsequent surge in energy prices have been an economic boon to exporters not directly affected by the disruption, Algeria included. But will the windfall revenues translate into something more durable for the North African country plagued by chronic investment deficits and structural reform needs?
North African states have transitioned from passive observers into active participants in the global contest between rival superpowers. Although they are not central players, their strategic location, abundant resources and infrastructure needs render them increasingly important in global geopolitics.