Browsing Tag

shock

Energy shock could strengthen the case for renewables

A war-triggered chokehold on the Strait of Hormuz has unleashed what the International Energy Agency describes as the most severe oil supply disruption the world has ever seen, after the US-Israeli attack on Iran sent shockwaves through global energy markets. And the turmoil is still unfolding. Analysts say the fallout from the energy shock could be felt for years - even decades, depending on how quickly the conflict ends - piling fresh pressure on economies and households already struggling to stay afloat. It’s only four…

Ethiopia Faces Energy and Fertilizer Shock From Middle East Turmoil

By Omar M. ElmiWednesday April 1, 2026 A war far from Ethiopia’s borders is already sending tremors through the country’s economy. The fighting in the Middle East is inflicting heavy human and material losses, but its reach is extending well beyond the battlefield, with disruptions that could hit trade, fuel supplies and food production in countries thousands of kilometers away. Ethiopia, landlocked and home to more than 120 million people, sits squarely in that danger zone. The risk is rooted in a basic structural…

Iran Claims Strait of Hormuz Closure, Fueling Fears of Oil Market Shock

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…

Kenya in shock after homicide

In Kenya, the well-known environmental activist Joannah Stutchbury (67) was shot dead by four weapons on Thursday night outside her home. She got out of the car to clear branches that were blocking the way to her house. The perpetrators are still unknown on this day. About 40 NGOs and environmental associations have issued a joint statement and even President Kenyatta has responded.…