Iran closes Starit of Hormuz over breach of war ending agreement
Iran has announced the closure of the strategically important Strait of Hormuz to vessel traffic, escalating tensions in the region amid accusations that the United States and Israel have failed to uphold commitments under a recently signed war-ending memorandum of understanding. The announcement was made by the Islamic Revolutionary Guard
Global tensions squeeze Ugandan economy as fuel, fertilizer prices rise
As the United States and Iran pursue diplomatic efforts to ease tensions in the Middle East, economists are warning that the conflict is already creating economic strain across the world, including in Uganda, through rising fuel prices and disruptions in global supply chains. Speaking during a recent webinar organised by
