Mauritania

Mauritania faces high energy insecurity, primarily due to its 80% oil import dependency, despite some minor domestic production, and a relatively low 18-day gasoline reserve. Gasoline prices at $1.15/L are a significant concern for the economy, which largely relies on imported refined products amidst the global supply crunch. While its Hormuz exposure is low, the country's moderate food risk and a substantial 62% rise in fertilizer costs indicate broader economic vulnerabilities. The outlook suggests ongoing economic pressure as Mauritania navigates elevated energy costs and potential supply chain disruptions in the short to medium term.