The intensifying conflict in the Persian Gulf “has triggered one of the most rapid and severe disruptions to global commodity flows in recent times,” the Chief Economist with the UN Food and Agriculture Organization (FAO) said on Thursday. The crisis is affecting agricultural production and food security worldwide, with impacts on farmers but also migrant…
Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Stringer | Reuters Insurance giant Chubb will be the lead underwriter for a U.S. government-led program to provide insurance…
Addis Ababa — The African Union Commission (AUC) has voiced deep concern over the rising tensions in the Persian Gulf, warning that recent incidents targeting key infrastructure could threaten regional stability and disrupt the global economy. Chairperson of the Commission, Mahmoud Ali Youssouf, said the AUC is closely monitoring developments in the Gulf as a…
