Soar

MOGADISHU, Somalia — Fuel prices in Somalia’s capital surged nearly 77% overnight on Sunday, intensifying pressure on households and businesses already strained by rising living costs and supply disruptions across the region. The price of gasoline jumped from about $0.65 to $1.15 per liter late Friday, according to traders and drivers. By rush hour, cars queued at multiple Mogadishu stations as motorists scrambled to fill up, while taxi and three-wheeler (Bajaj) operators warned they may have to raise fares to stay afloat.…

Strait of Hormuz disruption sends tanker and LNG shipping rates to records as U.S.-Iran tensions spike Global oil and gas shipping costs surged to fresh records as traffic through the Strait of Hormuz slowed to a near standstill after Tehran targeted vessels transiting the key waterway, according to shipping data and industry sources. The choke point between Iran and Oman carries roughly one-fifth of the world’s oil and significant volumes of liquefied natural gas. The strikes on ships, part of Iran’s retaliation to U.S. and…

A looming catastrophe is on the horizon for northern Gaza, with global food security specialists warning that famine could soon strike the region. As Israel escalates its military operations against Hamas, a militant group in Palestine, the situation grows increasingly dire. The independent Famine Review Committee (FRC), in a rare and urgent communication, emphasized the need for "swift action—days, rather than weeks"—from all parties involved in the conflict and those influencing its progression. Failure to act could lead…