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Officials from Sierra Leone and Marginal Energy sign offshore oil deal in Paris.

Sierra Leone Signs Offshore Oil Deal With Marginal Energy

24/04/2026 - 15:31:43
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481
Waeis Amin
Paris (Diplomat.so) – Government of Sierra Leone announced on Thursday, 23 April, it had signed a petroleum licence agreement in Paris with Marginal Energy Limited granting offshore exploration and production rights across five blocks.
US forces operate near the Strait of Hormuz as maritime security tensions remain elevated amid ongoing regional instability.

Oil Prices Ease as US-Iran Truce Talks Extended

22/04/2026 - 13:15:40
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506
Jalajed Aden
Singapore (Diplomat.so) – Global oil markets on Wednesday, April 22, reacted to extended US-Iran ceasefire talks and Strait of Hormuz shipping disruptions, with prices easing after early Asian-session gains driven geopolitical uncertainty.
Cargo vessels transit the Strait of Hormuz as regional tensions disrupt one of the world's most critical energy shipping routes.

U.S. Seizes Iranian-Linked Vessel as Strait Traffic Drops

22/04/2026 - 12:39:53
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Amin Guled
Washington, D.C. (Diplomat.so) – U.S. President Donald Trump said Tuesday, April 21, that U.S. forces intercepted a vessel suspected of carrying sensitive cargo near Iran, as maritime traffic through the Strait of Hormuz sharply declined amid escalating tensions.
Mahan Air

US, EU Expand Sanctions on Iran Over Strait Crisis

22/04/2026 - 11:51:12
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478
Amin Guled
Washington, D.C. (Diplomat.so) - The United States Department of State announced on Tuesday, April 21, sanctions targeting eight individuals, four entities, and Iran-linked airline Mahan Air for supporting Tehran's drone and ballistic missile programs.
Sanae Takaichi, Prime Minister of Japan.

Japan Moves to Relax Arms Export Ban in Major Policy Shift

22/04/2026 - 00:53:53
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544
Jalajed Aden
Tokyo (Diplomat.so) – Government of Japan (Cabinet Office) announced on Tuesday, a partial revision of long-standing defense export rules allowing, in principle, the transfer of domestically produced defense equipment, including lethal finished weapons, to overseas partners for the first time since…
Prime Minister Mark Carney

Carney Warns U.S. Trade Shift Threatens Canada Economy

21/04/2026 - 22:17:42
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516
Amin Guled
Ottawa (Diplomat.so) - Prime Minister Mark Carney of Canada said in a video address released Sunday, April 19, that Canada's economic dependence on the United States has become a strategic vulnerability requiring urgent adjustment.
Iranian Foreign Minister Abbas Araghchi says the Strait of Hormuz falls under the territorial control of Iran and Oman [File: Khaled Elfiqi/AP Photo]

Iran Reopens Hormuz Strait, Oil Prices Drop

17/04/2026 - 22:21:46
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529
Aden Abdi
Tehran (Diplomat.so) – Abbas Araghchi, Iran's Minister of Foreign Affairs, announced on Friday, that Iran has fully reopened the Strait of Hormuz to commercial shipping during the remaining period of a temporary ceasefire with the United States.
German arms exports to Israel did not include heavy weapon systems such as tanks or artillery.

Germany Approves €6.6M Arms Exports to Israel

16/04/2026 - 16:44:56
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514
Hared Abdalla
Berlin (Diplomat.so) - Germany's Federal Ministry for Economic Affairs and Climate Action approved €6.6 million in arms export licenses to Israel between 28 February and 27 March 2026 during the early weeks of the Israel–Iran conflict following coordinated strikes that escalated regional tensions.
Russian oil exports rise as global prices surge following Strait of Hormuz disruptions.

Strait of Hormuz Tensions Boost Russia's Export Revenue

07/04/2026 - 18:50:54
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1031
Hared Abdalla
Moscow (Diplomat.so) – The German-Russian Chamber of Commerce reported on Tuesday, that Russia has earned billions of euros in additional revenue from oil, gas, and fertilizer exports due to the effective closure of the Strait of Hormuz.
Turkish drillship Çağrı Bey arrives in Somali waters to launch the Curad-1 offshore oil project.

Somalia to Launch Historic Offshore Oil Exploration Project

05/04/2026 - 20:12:06
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726
Waeis Amin
Mogadishu (Diplomat.so) – Türkiye's ultra-deepwater drilling vessel, Çağrı Bey, arrived in Somali waters off Mogadishu on Sunday, April 5, to begin the country's first offshore oil drilling campaign at the Curad-1 well. The project marks a key milestone in bilateral energy cooperation…
Smallholder farmers harvest cassava in Ogun State, Nigeria, as part of efforts to boost agricultural productivity and market access under new development initiatives.

World Bank Approves $500M Loan for Nigeria Agriculture

03/04/2026 - 23:15:23
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620
Guled Abdi
Abuja, Nigeria (Diplomat.so) – The World Bank has approved a $500 million low-interest credit, to support Nigeria's agricultural sector through the Nigeria Sustainable Agricultural Value-Chains for Growth Project (AGROW), targeting smallholder farmers, agro-processing, and market linkages.
Fresh tomatoes displayed at a local market in Accra, Ghana, as traders respond to renewed cross-border supply flows from Burkina Faso.

Ghana Welcomes Burkina Faso Tomato Export Lift

03/04/2026 - 20:03:56
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403
Guled Abdi
Accra (Diplomat.so) - Ghana's Ministry of the Interior confirmed on Thursday, that Burkina Faso has lifted its suspension on fresh tomato exports, a move expected to ease supply constraints and stabilise prices in Ghanaian markets.
Tehran skyline erupts as explosions rock the city following reported US-Israel airstrikes.

UN: War Threatens Middle East Economic Stability

01/04/2026 - 17:17:35
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691
Aden Abdi
Tehan (Diplomat.so) - The United Nations Development Programme warned Tuesday, that one month of war in the Middle East could erase last year's economic growth across Arab countries and trigger a sharp contraction in Iran.
One of the world's most critical energy chokepoints, the Strait of Hormuz carries a large share of global oil and gas trade. (EPA Images pic).

Malaysia Ships Granted Free Passage Through Hormuz Strait

01/04/2026 - 15:42:49
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Jalajed Aden
Kuala Lumpur (Diplomat.so) - The Government of Malaysia confirmed on Wednesday, April 1, that Malaysian vessels awaiting passage through the Strait of Hormuz will transit without paying fees to Iranian authorities, Communications Minister Fahmi Fadzil, who also serves as government spokesperson, said…
Officials from Afreximbank and Dangote Industries meet in Cairo.

Afreximbank Backs Dangote Refinery with $2.5B Loan

01/04/2026 - 02:05:35
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911
Guled Abdi
Cairo (Diplomat.so) – African Export-Import Bank (Afreximbank) has underwritten US$2.5 billion of a US$4-billion senior syndicated term loan in favor of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) on Tuesday, strengthening the refinery's financial base and supporting its long-term…
Reserve Bank of India (RBI)

Indian Rupee Rebounds After RBI Limits Bank Trading

31/03/2026 - 21:57:41
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349
Jalajed Aden
New Delhi (Diplomat.so) – The Reserve Bank of India (RBI) triggered a sharp rebound in the Indian rupee on Tuesday, by capping banks' net open foreign-exchange positions at $100 million per day, marking its most decisive currency intervention in over a decade.
Sun King, the world's largest off-grid solar provider, begins major investment in Ethiopia.

Ethiopia Secures $13B in Investment Deals

29/03/2026 - 17:44:10
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Guled Abdi
Addis Ababa (Diplomat.so) - The Ethiopia Investment Commission said it secured $13 billion in investment commitments during a national conference in Addis Ababa that concluded Friday, drawing foreign investors into manufacturing, energy, and agriculture sectors, according to Reuters.
Vladimir Putin, President of Russia.

Russia Bans Export of Gold Bars Over 100g

27/03/2026 - 08:58:23
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2166
Hared Abdalla
Moscow (Diplomat.so) – The Russian government has issued a decree prohibiting the export of refined gold bars weighing more than 100 grams from the country, effective May 1, 2026, President Vladimir Putin announced on Thursday.
The Sierra Leone-flagged Sara Sky, which is carrying crude oil from Russia, is seen anchored at Limay port, Bataan province on March 26, 2026. A ship carrying more than 700,000 barrels of Russian crude oil has arrived in the Philippines, a source with knowledge of the matter told AFP on March 26, days after the country declared a national energy emergency over the Middle East war. TED ALJIBE / AFP

Philippines Receives First Russian Oil in Five Years

27/03/2026 - 06:22:37
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584
Jalajed Aden
Manila (Diplomat.so) – Petron Corporation received a shipment of over 700,000 barrels of Russian crude oil at the Limay port near Manila, marking the first direct import from Russia to the Philippines in five years, sources told AFP on Thursday.