By Pranav Baskar and Matthew Mpoke BiggMonday May 4, 2026 A brazen seizure off Yemen has renewed fears that Somali pirates are regaining their footing — and raised fresh suspicions that they may be operating alongside Iran-backed Houthi rebels amid upheaval across the Middle East. Maritime police forces from the Puntland State region of Somalia patrolling the Gulf of Aden last year.Credit...Feisal Omar/Reuters Somali pirates hijacked an oil tanker off Yemen’s coast on Saturday and steered it into Somali waters, authorities…

A bruising night awaits UK Prime Minister Keir Starmer and Labour, with the expected scale of Thursday’s losses already spawning its own grim shorthand: "Starmergeddon". The term captures both the depth of the setback forecast for Britain’s governing party and the pressure set to fall squarely on the prime minister. Voters are choosing members of the devolved parliaments in Scotland and Wales, as well as filling about 5,000 local authority seats across England, and Labour is widely expected to come away wounded. The…

Mohamed Gabobe in Mogadishu and Rachel SavageThursday April 30, 2026 The motor vessel Sward was hijacked on Sunday. Photograph: EU naval force Operation ATALANTA A fresh wave of hijackings off Somalia has jolted one of the world’s most sensitive shipping corridors, with three vessels seized in a week and memories of the country’s pirate era suddenly back in focus. The merchant vessel Sward was captured on 26 April, just one day after a dhow was taken. Those incidents came after the 21 April hijacking of Honour 25, a motor…

Oil prices pulled back after a dramatic surge to a four-year peak above $126 a barrel today, as traders weighed the risk that the US-Iran war could intensify into a longer conflict and choke Middle East supplies in a way that would threaten global economic growth. The rally gathered pace earlier after Axios, citing unidentified sources, reported overnight that US President Donald Trump was due to be briefed today on plans for a series of military strikes on Iran, an effort aimed at pressuring Tehran back into talks over its…

MOGADISHU, Somalia — A string of hijackings off Somalia’s coast has revived one of the region’s most unsettling security threats, with three vessels seized in a single week and fresh concern rippling through the shipping world. The most recent incident involved the commercial vessel Sward, taken on April 26, just days after pirates captured the oil tanker Honour 25 on April 21. The tanker was carrying 18,000 barrels of oil, according to the Maritime Security Centre Indian Ocean, the European Union’s naval monitoring center.…

Meta, the parent company of Facebook, is preparing to shed 10% of its global workforce — a move that would amount to about 8,000 jobs. It remains unclear how the planned cuts will affect the company’s Irish business, where roughly 1,800 people are employed. A spokesperson for Meta Ireland declined to discuss the specifics of the redundancies, but confirmed the details of a Bloomberg report that first revealed the worldwide layoffs. The reductions were set out in a memo to employees, which also said Meta will leave thousands…

Dubai — Citigroup and Standard Chartered have told staff in Dubai to leave their offices and work from home as Gulf lenders step up precautions after Iran threatened to strike regional banking interests linked to the United States and Israel, according to people familiar and a staff memo. Citigroup instructed employees at the Dubai International Financial Centre (DIFC) and in the Oud Metha neighborhood to evacuate and work remotely until further notice, a memo reviewed by Reuters showed. A Citi spokesperson said the bank is…

Stocks in the U.K. and U.S. rose while Asian indexes tumbled Wednesday as oil and gas prices whipsawed on fears the U.S.-Israel conflict with Iran will drag on and keep choking traffic through the Strait of Hormuz, a vital energy artery. The FTSE 100 and major U.S. and European benchmarks rebounded after two days of declines; several Asian markets fell sharply for a third straight session. Brent crude is up about 12 percent since Saturday, when U.S. and Israeli forces began bombing Iran and Tehran retaliated with strikes on…

‘The streets are empty, the windows are gone’: Iranians describe life under bombardment as war enters second week As U.S. and Israeli strikes on Iran approach the end of their first week, residents in Tehran describe a capital of shattered glass, shuttered storefronts and competing emotions — fear, exhaustion and, for some, a fragile hope that the Islamic Republic’s grip may finally loosen after the death of Ayatollah Ali Khamenei. In a series of interviews with Axadle Times, Iranians living inside the country spoke on…

AXADLE, Somalia — Iran’s state media reported that the Islamic Revolutionary Guard Corps has declared the Strait of Hormuz closed to maritime traffic, warning commercial and oil tankers against attempting to transit the waterway as regional tensions escalate. According to Reuters, a senior IRGC commander said vessels that try to pass through the strait would face direct attack, adding that ships violating the order would be set ablaze. The remarks, carried by Iranian state outlets, immediately raised fears of energy-market…