Global

By Omar M. ElmiTuesday April 14, 2026 With President Ismail Omar Guelleh having secured 97.81% of the vote on April 10 and preparing to enter a sixth term, Djibouti again finds itself in a familiar but uneasy position: politically tight, economically fragile, and strategically impossible to ignore. In this small state on the Horn of Africa, power is measured not only in votes, but in geography, military rents, and the ability to keep rival interests in delicate balance. Few countries have leveraged their location as…

A prolonged US blockade of one of the world’s most critical maritime chokepoints threatens to send fresh shocks through energy markets and supply chains, raising new risks and costs for economies far beyond the Gulf. By Sanjoy Paul, University of Technology Sydney For weeks, the global economy has been fixated on a single question: when will the Strait of Hormuz fully reopen? Following Iran’s war with Israel and the United States, Tehran has in effect shut the narrow passage, a route that normally carries about one-fifth of…

Wycliffe Muia, NairobiSunday March 29, 2026 Giant African harvester ants - seen here in Kenya - have become highly sought after by hobby collectors across the world Right now, the ants are taking flight in Kenya. In the rainy season, clouds of them rise from thousands of anthills around Gilgil, a quiet farming town in Kenya's Rift Valley that has unexpectedly become the hub of a lucrative illegal trade. The mating ritual sends winged males out of the nest to fertilise queens, which also take to the air at this time. That…

The global trading order is under siege, World Trade Organization director-general Ngozi Okonjo-Iweala warned as delegates convened for the WTO ministerial in Yaounde, calling the disruption the most severe the system has faced in eight decades. "The world order and the multilateral system we used to know has irrevocably changed," she said, stressing: "We cannot deny the scale of the problems confronting the world today." With 166 member states represented, the WTO meets in the Cameroonian capital amid stark divisions among…

Thursday March 26, 2026 Hargeisa (AX) — Drivers and businesses across North Western State of Somalia are facing fresh fuel price hikes after authorities on Wednesday rolled out new official pump rates, pointing to surging global oil prices and tighter supply conditions. The revised pricing sets gasoline at 12,500 North Western State of Somalia shillings per liter, while diesel will sell for 10,500 North Western State of Somalia shillings per liter. Officials said the new rates were agreed after consultations involving the…

Japan and Australia said they are not planning to send naval vessels to escort commercial ships through the Strait of Hormuz after President Donald Trump called on allies to help reopen the vital waterway amid the U.S.-Israeli war on Iran. Trump, arguing that countries dependent on Gulf oil have a responsibility to protect the corridor through which about 20 percent of the world’s energy flows, said his administration has contacted seven nations to form a maritime coalition. He did not identify them, though over the weekend…

Domestic Petrol Prices Rise Amid Global Supply Concerns Initial hopes for a reduction in domestic petrol prices sparked by the International Energy Agency (IEA) announcing that oil-producing nations would ramp up production now appear to be short-lived. Just as expectations rose, the Iranian government's alarming statement regarding the potential closure of the Strait of Hormuz—a critical global supply route—sent international oil prices surging again. This unexpected turn of events followed assurances of price cuts from…

Iran is shifting the battlefield to the global economy: oil routes and cloud giants in the crosshairs The United States holds a decisive edge in conventional firepower. Iran knows it cannot match that force head-to-head. Instead, it is probing the seams of a system that keeps the world running—energy flows and digital infrastructure—and betting that economic disruption will shape the outcome of this war as much as any clash on land, sea or air. In recent days, Iranian threats to target ships have played out despite stern…

Oil prices leap past $100 as Iran conflict chokes Hormuz, stoking global food inflation risk LONDON — Oil prices surged above $100 a barrel this week, the highest since Russia’s 2022 invasion of Ukraine, as escalating conflict involving U.S.-Israeli forces and Iran on Feb. 28 rattled energy markets and raised the specter of renewed food inflation worldwide. The Strait of Hormuz — the narrow chokepoint between the Persian Gulf and the Gulf of Oman through which roughly 20% of global oil supply moves — has seen marine traffic…

European shares fell further Monday as oil prices surged toward $120 a barrel, deepening inflation fears and rattling risk appetite amid the US-Israeli war on Iran, which shows no sign of easing. The latest bout of volatility underscored the market’s sensitivity to energy shocks and supply disruptions tied to the conflict in the Middle East. London’s benchmark slipped 1% in afternoon trade, while the Paris CAC 40 lost 1.7% and Frankfurt’s DAX dropped 1.4%. Dublin’s market fell 1.3%, with Kingspan, Cairn Homes and Ryanair…