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The escalating conflict between Israel, the United States, and Iran has triggered a sharp spike in fertiliser costs, threatening the global agricultural cycle as planting seasons approach. Roughly 33 per cent of the world’s fertilisers transit through the Strait of Hormuz, where maritime traffic has effectively frozen since the outbreak of hostilities on February 28….
Global equities surged, and oil prices retreated sharply on Tuesday after U.S. President Donald Trump suggested the war against Iran is nearing an early conclusion. Speaking to CBS News, Mr. Trump claimed the military campaign is “very far” ahead of his initial month-long timeline, asserting that Iranian forces have been effectively neutralised. The remarks provided…
Iran has appointed Mojtaba Khamenei as its new Supreme Leader following the death of his father, Ayatollah Ali Khamenei, in a recent U.S.-Israeli strike. The 88-member Assembly of Experts finalised the appointment this morning, marking the first dynastic succession since the 1979 Islamic Revolution. Mojtaba, a hardline cleric with deep institutional ties to the Islamic…
Global oil benchmarks have shattered the $100 barrier, with Brent crude surging to $114.86 per barrel during Monday morning trading. This 23% single-day spike follows a dire warning from Goldman Sachs that prices could reach $150 by the end of March if the “effective blockade” of the Strait of Hormuz persists. The investment bank noted…
At least 23 people are dead after flash floods tore through Nairobi on Friday night, transforming the Kenyan capital’s thoroughfares into lethal waterways. Police and Kenya Red Cross teams spent Saturday retrieving bodies from submerged vehicles and collapsed structures across both informal settlements and affluent districts like Parklands. The Nairobi River burst its banks following…
The World Health Organisation (WHO) has verified 13 attacks on healthcare facilities in Iran since the outbreak of the US-Israel-Iran war on February 28. Director-General Tedros Adhanom Ghebreyesus confirmed the strikes on Thursday, noting that the violence has already claimed over 1,000 lives and displaced 100,000 people across 16 countries. The attacks on medical infrastructure,…
A desperate exodus is underway across the Middle East as the United States-Israeli conflict with Iran grounded commercial aviation. Tens of thousands of travellers are stranded following the cancellation of over 23,000 flights since Saturday. Airspace closures have funneled the remaining traffic through a few strained hubs in Dubai, Riyadh, and Muscat. Panic is rising…
Escalating tensions in the Middle East have placed Africa in a precarious position, with military installations in the Horn of Africa emerging as potential targets for Iranian retaliation and the continent’s economies bracing for fallout from disrupted global trade and soaring energy costs. The continent remains “structurally exposed” to the ongoing war, according to…
The assassination of Iran’s Supreme Leader has plunged global markets into a “prolonged period of flux,” the head of the IMF warned on Thursday. Kristalina Georgieva told the “Asia in 2050” conference in Bangkok that the escalating conflict between Iran, Israel, and the United States is a severe test of global economic resilience. Brent crude…
The Middle East has plunged into a generational conflict as US and Israeli forces sustain a “broad wave of strikes” designed to dismantle the Iranian state. President Donald Trump, meeting with German Chancellor Friedrich Merz on Wednesday, claimed that two waves of attacks have already killed several figures considered potential successors to Ayatollah Ali Khamenei….
