Hard truths.
According to the UN Trade and Development agency (UNCTAD), oil shipments are expected to recover over time, but wider economic impacts could persist for considerably longer.
US Central Command (Centcom) said it hit multiple targets across Iran in direct response to "continued aggression" against commercial shipping.
US Central Command (Centcom) said its forces targeted missile and drone storage facilities as well as coastal radar positions on Friday, describing the operation as a direct response to the cargo ship attack.
In a joint statement released on Sunday, the mediating parties said the summit had taken place in a "positive and constructive atmosphere" and had produced progress towards future negotiations.
Iran had earlier said it was shutting the strategic waterway and accused the US and Israel of violating a ceasefire agreement amid rising tensions linked to Israeli strikes in Lebanon.
In a statement issued on Thursday, the AU boss said the agreement demonstrates the value of diplomacy in resolving long-running conflicts.
The pact commits Iran to never acquiring a nuclear weapon, outlines plans for a $300 billion reconstruction and economic development framework, and provides a pathway for lifting US sanctions and releasing froz...
In a statement issued on Monday, Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi said Kenya viewed the agreement as a significant step towards regional and global...
Details of the deal were not immediately released and Iran signaled implementation would not start until the signing, which key mediator Pakistan said would occur Friday in Switzerland.
The 2026 Global Peace Index says Kenya, while not in direct armed conflict, could face politically sensitive economic strain as regional instability and tighter global finances increase debt repayment and food...
US Central Command says airstrikes on Iranian positions were launched hours after a US Apache helicopter was shot down near the Strait of Hormuz. The US says the action was proportional and reports explosions a...
The International Air Transport Association (IATA) predicted its 370 member airlines, which account for 85 percent of global air traffic, will carry 5.1 billion passengers this year.