price

Thursday April 2, 2026 Oil markets jolted sharply higher on Thursday, with prices surging more than $5 after President Donald Trump said the United States would keep striking Iran, while stopping short of giving any clear deadline for how the war might end. The lack of a firm end point deepened investor concern that disruptions to energy supplies could stretch on. Brent crude futures LCOc1 climbed $6.33, or 6.3 percent, to $107.49 a barrel in early trading, while US West Texas Intermediate crude CLc1 rose $5.28, or 5.3…

Saturday March 21, 2026 Hargeisa (AX) — Marking Eid al-Fitr in the capital, North Western State of Somalia President Abdirahman Mohamed Abdillahi Irro prayed alongside hundreds of worshippers in Hargeisa on Friday morning, then used his Eid remarks to urge economic restraint and a renewed push for peace in areas rattled by recent clan clashes. After the prayer, Irro cautioned that conflicts in the Middle East are upending global trade and key shipping routes, warning that the disruption could spill over into food and fuel…

The Conversation Africa reached out to five academic experts from Nigeria, South Africa, Senegal, Kenya, and Ethiopia to explore the pressing issue: Is the recent surge in oil prices negatively impacting your nation's economy? Across the board, their responses echoed a shared sentiment...

South Africa faces April 2026 hikes in electricity tariffs and fuel prices, adding pressure on households Electricity tariffs and fuel prices in South Africa are expected to rise in April 2026, with per‑litre fuel costs potentially increasing by up to R5, though final figures have not been confirmed. Electricity tariffs and fuel prices were expected to increase in April 2026, with the per‑litre rise at the pump possibly reaching as high as R5, a development that would further stretch household budgets. The anticipated…

US has spent $12bn on Iran war, White House economic chief says, as Pentagon signals escalation Kevin Hassett gives latest cost since Feb. 28 joint US-Israel strikes; Defense Secretary Pete Hegseth says bombing of Iran is “about to surge dramatically” Standfirst: The Trump administration faces growing questions over the war’s price tag and purpose. Markets remain on edge over possible Strait of Hormuz disruptions, while Senate Democrats warn of “mission creep.” The United States has spent $12bn on its war against Iran since…

MOGADISHU, Somalia — Somali police arrested a well-known female auto rickshaw driver after she joined protests over soaring fuel prices that choked key roads in the capital, lawmakers and colleagues said Thursday. The driver, identified as Sacdiyo Moalim and widely known as “Sacdiyo Bajaj,” was detained following a demonstration by Bajaj operators who rallied against steep increases in fuel costs and worsening economic conditions in Mogadishu. Authorities have not publicly explained the basis for her detention or said how…

MOGADISHU — Somalia’s opposition-aligned Somali Future Council on Wednesday condemned what it described as the use of force against Bajaj drivers protesting soaring fuel prices in the capital, as well as the arrest of some drivers and journalists covering the demonstration. In a statement, the council said the drivers had been peacefully expressing grievances over sharp increases in fuel costs and should not have faced intimidation or detention. “It is unacceptable that young people who are creating jobs and contributing to…

Farmaajo condemns arrests of Bajaj drivers as Mogadishu fuel price spike sparks protests Thursday March 12, 2026 Mogadishu (AX) — Former Somali President Mohamed Abdullahi Farmaajo on Wednesday condemned the arrest and alleged mistreatment of Bajaj drivers who staged protests in Mogadishu over soaring fuel prices and rising living costs. In a statement, Farmaajo criticized authorities for detaining drivers he said were demonstrating peacefully to express concerns about inflation and worsening economic conditions. He urged…

North Western State of Somalia declares coordinated internet price hike illegal North Western State of Somalia’s government has ruled that a recent, simultaneous internet price increase by telecommunications companies was unlawful and incompatible with the region’s free‑market system. A ministerial committee said the coordinated move lacked legal basis and was reversed within days after public backlash across major towns and online. Officials said prices must reflect competition and market forces, not joint action by service…

Long-acting HIV injection at $40 could reshape prevention — if the world can deliver it A potentially seismic shift in HIV prevention is quietly taking shape: a twice-yearly injectable drug, lenacapavir, has won backing from global health partners and is slated to be available to more than 100 low- and middle-income countries within the next two years — at a price that would make it accessible to millions. Under an agreement brokered by the Clinton Health Access Initiative with support from the Bill & Melinda Gates…