Browsing Tag

may

Turkey’s close Somalia ties raise questions in the Horn of Africa

By Abdi Ismail SamatarSaturday April 25, 2026 Turkey has cast Somalia as a gateway to the Horn of Africa and, potentially, far beyond. But that ambition can only take root if Somalia first regains political stability. Trying to rebuild the Somali Defence Force without a clear national political framework is like setting out on a long trip with no map. In 2011, the West bluntly blamed al-Shabaab for Somalia’s famine. Yet the deeper cause was American policy under the Obama Administration, which blocked food deliveries to…

Stock markets, oil prices volatile amid fears Iran conflict will drag on

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…