Saturday 02 - 14:00
Two months into the largest oil supply disruption on record, the global energy crisis escalates as U.S.-Israel-Iran war effects deepen. Crude prices hold above $100 per barrel while strategic reserves deplete fast. Governments brace for forced demand rationing as fuel stocks melt away. The International Energy Agency labels the Strait of......
Israel has deployed its laser-based air defense system to the United Arab Emirates to help counter sustained missile and drone attacks launched by Iran, marking a significant escalation in regional military cooperation. The move underscores deepening security ties between Israel and Gulf partners following the Abraham Accords. The system,......
Since the escalation of hostilities between Israel and Hezbollah on March 2, Israeli airstrikes on Lebanon have resulted in 2,509 deaths and 7,755 injuries, according to a statement released by Lebanon’s Ministry of Health on Sunday. Although a ceasefire came into effect on April 16, authorities report that attacks have continued to......
Two former Israeli prime ministers, Naftali Bennett and opposition leader Yair Lapid, have announced a political alliance aimed at challenging incumbent Prime Minister Benjamin Netanyahu in the next national elections. The new agreement involves merging their political forces into a single party, marking what they describe as a step toward......
Israel has announced the appointment of its first ambassador to Somaliland, marking a significant step in strengthening ties with the self-declared state. The nomination of Michael Lotem follows Israel’s decision in late 2025 to formally recognize Somaliland as an independent entity. This move made Israel one of the first countries......
At least four people were killed on Saturday following Israeli airstrikes in southern Lebanon, according to the Lebanese Ministry of Health. The strikes hit the area of Yohmor al-Shaqeef in the Nabatieh district, targeting both a truck and a motorcycle. These latest casualties come just one day after similar Israeli attacks in the same region......
Israeli military operations killed at least nine Palestinians across Gaza and the occupied West Bank, underscoring the fragility of a ceasefire that has struggled to hold since late 2025. Airstrikes in Gaza left four people dead on Wednesday, while Israeli forces shot a 15 year old during a raid in the West Bank. The violence followed another......
The global aviation sector is facing a severe disruption as jet fuel prices surge following the closure of the Strait of Hormuz. The escalation stems from military strikes by the United States and Israel against Iran on February 28, which effectively halted a key energy transit route. Fuel costs have more than doubled within weeks, forcing......
LVMH chief executive Bernard Arnault has warned of severe global economic consequences if the conflict in the Middle East continues, as the luxury group faces a sharp slowdown in one of its fastest-growing regions. His remarks come as the company expands its retail presence in Dubai while confronting declining sales linked to geopolitical......
The head of the International Energy Agency has warned that the disruption in the Strait of Hormuz may trigger lasting changes in global energy markets, even if the passage reopens. Executive director Fatih Birol said the era of heavy dependence on a single maritime chokepoint is nearing its end, adding that restoring stability could take......
US crude oil inventories posted an unexpected decline of 4.4 million barrels in the week ending April 17, far exceeding market expectations for a one million barrel draw. The drop follows a 6.1 million barrel increase the previous week and reflects growing volatility in global oil markets as disruptions linked to the Strait of Hormuz enter......
Crude exports from Saudi Arabia rose to 7.276 million barrels per day in February, up from 6.993 million in January, reaching their highest level in several years. The increase of 283,000 barrels per day reflects a steady ramp up in output as the kingdom positioned itself amid rising geopolitical tensions in the Gulf before major supply disruptions......
Governments across dozens of countries are deploying emergency policies to shield households and businesses from a widening energy crisis triggered by the war involving the United States, Israel, and Iran. The disruption has been amplified by the closure of the Strait of Hormuz, which has removed roughly one fifth of global oil and liquefied......
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GITEX Africa: The New Frontiers Of African Innovation
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