east

Oil prices pulled back on Tuesday as traders weighed signs that shipping could resume through the Strait of Hormuz, even as fresh clashes between the United States and Iran kept a floor under the market and underscored the risk of wider disruption. Brent crude futures were down $4.18, or 3.6%, at $110.26 a barrel this evening, after closing 5.8% higher yesterday. US West Texas Intermediate crude dropped $4.34, or 4.1%, to $102.08, following a 4.4% rise in the previous session. Maersk said the Alliance Fairfax, a US-flagged…

MOGADISHU, Somalia — Rising tensions tied to Iran’s regional conflict are now reverberating far beyond the Middle East, with a new Bloomberg report saying the turmoil has helped drive a piracy comeback off Somalia’s coast. European Union Naval Force (EUNAVFOR) personnel in the area say the instability has opened a security gap that Somali pirate groups are moving quickly to exploit. With oversight strained and maritime patrols stretched, pirates are again targeting some of the busiest shipping corridors in the region. The…

Thursday April 30, 2026 Mogadishu (AX) — Somalia on Wednesday brought together intelligence chiefs from East African Community member states for a two-day conference in Mogadishu aimed at deepening cooperation and confronting shared security threats across the region. The April 29–30 gathering was opened by Somali National Army Commander Ibrahim Mohamed Mahmoud, who underscored the need for tightly coordinated intelligence work in the face of shifting and interconnected challenges. Participants are reviewing the regional…

Wednesday April 29, 2026 Halimo stands at a dry water point in Somalia. Photo: CARE International Mogadishu (AX) — The war raging in the Middle East is now feeding another emergency far from the battlefield: Somalia’s hunger crisis is getting worse. Aid agencies and officials say the conflict is pushing up fuel and food prices, disrupting humanitarian supply lines, and deepening acute malnutrition among children. For pastoralist families, the first blow is being felt at the water point. Diesel prices are climbing, making…

Oil prices climbed sharply today as fears of renewed conflict in the Middle East gripped markets after Iran released footage showing commandos boarding a cargo ship in the Strait of Hormuz, with little sign of progress toward reopening the crucial shipping lane. Traffic through the strait, which before the war handled roughly a fifth of global oil output, remains effectively shut down. Iran’s seizure of two cargo ships has also underscored the challenges Washington faces in trying to secure passage through the waterway.…

Africa's wealthiest individual, Aliko Dangote, who heads the Dangote Group, has announced ambitious plans to collaborate with Kenya and Uganda on a significant oil refinery project in Tanzania. This proposed facility is inspired by his landmark operation in Nigeria, which has a capacity of 650,000 barrels per day. During a recent conference that featured key figures like Kenya's President William Ruto and Uganda's President Yoweri Museveni, Dangote expressed optimism about the project. He emphasized that its success hinges…

FRANKFURT — Lufthansa, Germany’s largest airline, said it has scrapped about 20,000 scheduled flights for the summer after a sharp rise in jet fuel costs driven by worsening tensions linked to Iran.  The carrier said the cuts are intended to contain expenses, adding that fuel prices have climbed steeply as the regional security outlook has deteriorated. The cancellations are expected to reduce consumption by roughly 40,000 tonnes of fuel, with most of the affected services concentrated on short-haul European routes. The…

Live updates: Iran reopens the Strait of Hormuz Middle East

Washington’s trust with Tehran collapsed last February, when talks over Iran’s nuclear programme fell apart after the United States, alongside Israel, launched their joint operation known as Epic Fury. Now, as Washington and Tehran work with Pakistan to broker an end to the violence, rebuilding confidence has become central to the diplomatic push. The Vice President’s entry into the US negotiating team may be a sign that the White House wants to accelerate progress, especially given JD Vance’s long-held doubts about foreign…

Live updates: Truce opens what leaders call a 'historic' window for peace Middle East