Emerging Economies - Latin America: Oil industry gains from US-Iran wa
Good Morning Cape Town with Lester Kiewit · 20 July 2026 · 5m
Speaker 1: Weekdays six to nine am. Good Morning, Cape Town only with Lester, give it on Speaker 1: Professor L. White Worth Emerging Economies and to focus on Latin America. Good morning, Loile Speaker 1: you stay up for a World Cup final last night. Speaker 2: Morning listen, I think I'm very, very pleased that we've got something other than football Speaker 2: to talk about this morning, because sadly, my Albi Sa Lester didn't really arrive at Speaker 2: the final last night, and as many of your listeners would have would have seen Speaker 2: for themselves, but it's been an absolutely exhausting Manta. Speaker 1: We've been focusing on Latin America's football power, but let's talk about their petroleum power. Speaker 2: So the disruptions in the Strait of Hormuz during the Iran conflict have highlighted the Speaker 2: growing importance of Latin America's oil exporters, particularly Argentina, Brazil and Guiana. A separate story, Speaker 2: incidentally, Leicester would be the growing in relevance of the Panama Canal. But but Fernale Speaker 2: is just focus on these oil producers and these exports Argentina, Brazil and Guyana. Their Speaker 2: political neutrality has made their crude more attractive to global buyers as well, boosting exports Speaker 2: earnings. While many energy nations or energy importing nations sorry faced higher costs. Now the Speaker 2: games are already visible. The IMF recently raised Brazil's twenty twenty six growth for costs Speaker 2: yer point five percentage points despite the twenty five percent US tariffs that they're going Speaker 2: to be confronting, and then earlier projections is to make Argentina's economy or grow by Speaker 2: three point five percent and Guianas by a massive sixteen point two percent. That's obviously Speaker 2: off a very…
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