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News Mar 27, 2026

Tragic Boat Sinking Off Djibouti Coast Leaves Nine Dead and Dozens Missing

A boat carrying over 300 migrants and refugees sank off the coast of Djibouti, resulting in at leas…
A devastating boat sinking incident has occurred off the coast of Djibouti, claiming the lives of at least nine people and leaving 45 others missing. The boat, carrying over 300 migrants and refugees, sank near Guehere in the north of the country on Tuesday.The Djiboutian coastguard launched an emergency operation, rescuing 266 survivors, all of whom were identified as Ethiopian nationals. They are currently receiving support at the International Organization for Migration's (IOM) Migrant Response Centre in Obock.The incident is a grim reminder of the risks faced by migrants attempting to cross the Bab al-Mandeb Strait, a notorious migration route that separates Djibouti and Yemen. Tens of thousands of people from the Horn of Africa region attempt to make this perilous journey each year, often facing arbitrary arrest, trafficking, violence, and detention.According to IOM data, 506,000 people moved along this route in 2025, an 18% increase from the previous year. The agency also reported that 922 people died or went missing on this route in 2025, nearly double the number recorded the year before.The IOM has expressed concern that the hot season in Djibouti, which brings rougher seas and strong winds, will place migrants at even greater risk. The agency's chief of mission in Djibouti, Tanja Pacifico, warned that this tragic shipwreck may sadly mark the first of many incidents this year.
#djibouti #migration #iom
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World Economy Mar 23, 2026

Global Energy Crisis: Iran War and Ukraine Fallout Rivals 1970s Oil Shocks

The global energy crisis triggered by the Iran war and Ukraine conflict is comparable to the twin o…
The global energy crisis caused by the war in Iran and the fallout from the Ukraine conflict is equivalent to the combined force of the twin oil shocks of the 1970s, according to the head of the International Energy Agency (IEA).Fatih Birol, the IEA's executive director, warned that the growing fallout could be seriously compounded by interruptions to the 'vital arteries of the global economy', including petrochemicals, fertilisers, sulphur, and helium.The crisis, which started with bombings against the regime in Tehran on 28 February, already represents the loss of 11m barrels of oil per day and about 140 bcm of gas. This is comparable to the losses seen in the 1973 and 1979 oil crises, which saw a loss of about 5m barrels of oil per day each, and Russia's 2022 invasion of Ukraine, which removed about 75bn cubic metres (bcm) of natural gas from international markets.Birol said that at least 40 energy assets in the Gulf region had been severely or very severely damaged, so even an end to the conflict would not immediately restore energy supply. He also noted that the Asia Pacific region had been badly affected by the closure of the Strait of Hormuz, through which about 20% of the world's oil supply is transported.The IEA has taken emergency measures, including the release of 400m barrels of oil from strategic reserves, the largest emergency measure in its history. Birol said he is consulting world leaders about another possible release of emergency oil supply, noting that the initial move was only 20% of overall stocks.
#iran #ukraine #iea
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