Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil extended declines on Friday as investors monitored developments in the Middle East conflict while assessing whether recent diplomatic efforts would reduce the risk of supply chain disruptions. International benchmark Brent crude futures for August…
The price of Brent crude has reached its lowest since February 27, before the war started. Published On 25 Jun 202625 Jun 2026 Oil prices have extended their decline to levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed demand concerns. Prompt-month Brent crude…
Africa’s growing demand for aquatic foods creates a supply gap that sustainable aquaculture expansion could help close INFOGRAPHIC/AEN. By PATRICK MAYOYO The 2026 edition of The State of World Fisheries and Aquaculture, launched on Tuesday by the Food and Agriculture Organization of the United Nations (FAO) during the Our Ocean Conference in Mombasa, Kenya, finds that global production of…
APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices fell on Tuesday after U.S. President Donald Trump said he would postpone a planned military strike on Iran following requests from key Middle Eastern leaders, easing fears of an imminent escalation that could further disrupt global crude supplies. International benchmark Brent…
Millions more people will face hunger in the coming months if the conflict in the Middle East is not resolved soon, the UN has warned. The price of energy, which instantly affects the cost of producing and transporting food, has risen sharply due to the closure of the Strait of Hormuz. The price of fertiliser,…
Washington, DC — As we’re all being painfully reminded, cutting off for any length of time the fifth of the world’s oil supply that passes through the Strait of Hormuz has an extraordinarily negative impact on commerce and lives here and everywhere. But what if we could get even half of that oil another way?…
Botswana has not cut off electricity supply or closed borders amid anti-migrant action in South Africa IN SHORT: As anti-migrant demonstrations continue to shake South Africa in May 2026, claims about neighbouring Botswana taking action are circulating online. But there is no evidence the country has closed borders or cut off electricity supply to South…
Fertiliser disruption exposes a blind spot that farm-level policy has long ignored – but Africa holds the resources to fix it. Africa’s next food crisis may not begin on the farm, but in a distant shipping lane. With the Iran war, international attention has focused on oil flows through the Strait of Hormuz and related…
Michael Brink, Chief Technology Officer, CASA Software. The supply chain has possibly never been more topical in the midst of hostilities in the Middle East and reports of a standoff between the US Department of Defence and an AI software development company because the latter is refusing to allow government unfettered access to its AI…
HOUSTON — The CEOs of the world’s most influential oil and gas companies delivered a sobering message this week about the impact of the Iran war on energy supplies and the long-term consequences for the global economy. The executives gathered in Houston, Texas, for S&P Global’s annual CERAWeek energy conference to take stock of the…
