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@theScribeUganda Tue, 10 Mar 2026 01:35:00

How a US-Iran War Could Hit Ugandans Hardest

By Wilfred Arinda Nshekantebirwe The U.S. and Israeli strikes which started on Iran on February 28, 2026, have triggered a shift in global markets that reflects poorly on the immediate economic stability of Uganda. While the physical theater of war is thousands of miles from Kampala, the interconnected nature of modern trade means that the economic radiation from these strikes will be felt through volatile commodity prices and currency fluctuations. Data from the Bank of Uganda (BoU) in their late 2025 State of the Economy reports indicates that the Middle East has surpassed the East African Community (EAC)

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