Moscow (Diplomat.so) – Russia has emerged as a major financial beneficiary of the ongoing Middle East conflict, with new estimates indicating that Moscow is earning an additional $150 million per day from oil sales, stabilizing its previously strained budget, according to government and industry sources.

Abuja (Reuters + Diplomat.so) - Nigeria's Foreign Minister Yusuf Tuggar told Reuters on Thursday that Gulf oil and gas producers should view Nigeria as a strategic partner rather than a competitor, as escalating conflict in Iran threatens global energy supply chains.

Bamako (Diplomat.so) - Drivers across Bamako faced a growing diesel shortage on Thursday after the Malian Oil Companies Association confirmed that limited fuel supplies were being redirected to the state power utility Énergie du Mali to support electricity generation during a period of rising outages.

Tehran (Diplomat.so) - Iranian Parliament Speaker Mohammad Baqer Qalibaf sharply criticized the United States on Tuesday after US Energy Secretary Chris Wright posted—and then deleted—a claim that the US Navy had escorted an oil tanker through the Strait of Hormuz. The White House promptly denied…

Tehran (Diplomat.so) - The Islamic Revolutionary Guard Corps (IRGC) announced on Tuesday, that it will block all oil exports from the Middle East if U.S. and Israeli military attacks on Iranian infrastructure persist, marking a sharp escalation in a conflict now entering its 10th day.

Mogadishu (Diplomat.so) - Fuel retailers across Somalia sharply increased diesel and gasoline prices on Tuesday, as global energy markets tightened following supply disruptions linked to the ongoing conflict involving Iran in the Middle East.

West Palm Beach, Florida (Diplomat.so) - Eric Trump and Donald Trump Jr., sons of U.S. President Donald Trump, were identified Monday as investors in a new drone manufacturing venture formed through a merger between autonomous-drone developer Powerus and Florida-based Aureus Greenway Holdings.

Arusha (Diplomat.so) - The President of the Federal Republic of Somalia, Hassan Sheikh Mohamud, arrived in Arusha on Saturday to participate in the 25th East African Community (EAC) Heads of State Summit, Diplomat News Network reports. The summit brings together leaders from all eight EAC Partner States…

Vienna (Diplomat.so) - Saudi Arabia, Russia and six other OPEC+ producers agreed Sunday to begin unwinding part of their voluntary oil production cuts starting in April, citing tightening inventories and what they described as a steady global economic outlook.

Harare (Diplomat.so) - Polite Kambamura, Zimbabwe's Minister of Mines and Mining Development, announced on Wednesday that the government has imposed an immediate freeze on exports of raw minerals and lithium concentrate, accelerating a policy designed to force greater domestic processing of strategic…

Juba (Diplomat.so) — The President of the Republic of South Sudan, Salva Kiir Mayardit, publicly directed on Wednesday that the country's newly appointed finance minister spearhead a tougher and more coordinated economic rescue plan to confront mounting fiscal pressures and a nationwide cash shortage.

Brussels (Diplomat.so) - The European Parliament on Monday postponed a key committee vote on the European Union's emerging trade deal with the United States, following U.S. President Donald Trump's decision to impose a blanket 15% import duty after the U.S. Supreme Court overturned his earlier…

Bratislava (Diplomat.so) - Slovakia's prime minister, Robert Fico, on Saturday accused President of Ukraine Volodymyr Zelensky of acting "maliciously" after the shutdown of Russian crude deliveries through the Druzhba pipeline, intensifying a dispute over energy transit in the region.

Mogadishu (Diplomat.so) - The Somali Civil Aviation Authority on Thursday suspended eight aircraft from operating in the country after new ramp inspections uncovered what officials described as "serious safety deficiencies" and violations of international aviation standards. The enforcement…

Riyadh (Diplomat.so) - The Minister of Ports and Marine Transport of the Federal Government of Somalia, Abdulkadir Mohamed Nur, on Thursday signed a maritime cooperation agreement with Saudi Arabia's Minister of Transport and Logistic Services, Saleh bin Nasser Al-Jasser, during an official visit…

Islamabad (Diplomat.so) - The United Arab Emirates has agreed to roll over a $2 billion deposit placed with the State Bank of Pakistan, giving Islamabad critical short-term support just weeks before a key review of its $7 billion Extended Fund Facility with the International Monetary Fund (IMF), senior…

Mogadishu (Diplomat.so) - The Prime Minister of the Federal Government of Somalia, Hamza Abdi Barre, inaugurated on Tuesday the newly completed Arimas Terminal at Aden Abdulle International Airport, hailing the project as a major advancement in the country's aviation infrastructure. The terminal's…

Riyadh (Diplomat.so) - The Saudi Railway Company (SAR) signed a major procurement agreement on Sunday with Talgo, the Spanish high-speed rail manufacturer, to acquire 20 new trainsets for the Haramain High-Speed Railway, marking a significant expansion of transport capacity between Makkah and Madinah.…

Harare (Diplomat.so) - US-based mining firm Caledonia Mining Corporation has secured $150 million through a seven-year bond issue to finance the development of its Bilboes gold project, which is expected to become Zimbabwe's largest gold mine once operational.

Mogadishu (Diplomat.so) — The Minister of Commerce and Industry of Somalia, Amb. Gamal Mohamed Hassan, on Tuesday held a meeting with representatives of the business community in the Banadir region to discuss ways to strengthen the country's commercial sector.