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Economy May 21, 2026

The Economics of Hormuz: Calculating the Cost of Iran's Transit Toll

As the Strait of Hormuz remains closed eleven weeks into the Iran war, this analysis examines wheth…
The LeadEleven weeks after the start of the Iran war, the Strait of Hormuz has remained closed to naval traffic, bleeding the global economy far beyond the Gulf. Iran's Islamic Revolutionary Guard Corps (IRGC) maintains an iron grip over this narrow, strategic waterway, while a corresponding United States naval blockade on Iranian ports has failed to reopen it.Before the war began, between 120 and 140 ships travelled through the strait each day, about half of them oil tankers carrying some 20 million barrels of oil between them. Now, only a few vessels whose owners have negotiated with the IRGC are permitted to pass.The Strategic Control of HormuzOn Wednesday, Iran said it coordinated the transit of 26 vessels through the Strait of Hormuz in 24 hours, two days after announcing the formation of the Persian Gulf Strait Authority (PGSA), a new body to provide "real-time updates" on operations in the strait.Since the announcement of a temporary ceasefire between the US and Iran in April, Iran has been working on formalising a mechanism to charge a transit fee from ships crossing the critical chokepoint, through which 20 percent of the world's oil and liquefied natural gas (LNG) are shipped during peacetime.Tehran has reportedly already charged fees as high as $2m per ship for transit since the war started. Even though countries opposing Tehran say this is illegal, it may still be less expensive than the overall cost of the closure of the strait each day.The Economic Cost of BlockadeNearly one-fifth of global oil and LNG exports were shipped by Gulf producers through the Strait of Hormuz before the US and Israel bombed Iran on February 28, triggering the Iranian closure of the waterway. The strait is the only waterway linking Gulf producers to the open ocean – there is no other route through which they can ship exports.About 20.3 million barrels per day of oil passed through the Strait of Hormuz in peacetime – nearly 27 percent of global maritime oil trade. The lion's share of that crude went to Asian markets.Global LNG trade has been similarly hard hit. On the day before the war broke out, Brent crude – the global benchmark for oil prices – closed at $72.48 per barrel. After Iran closed the waterway on March 4 and began attacks on vessels attempting to sail through, traffic came to a standstill, stranding about 2,000 ships on either side of the strait.In terms of lost oil revenues, this amounts to $114.8bn of losses per day. About 10 billion cubic feet of LNG per day also used to pass through the strait, worth a further $7.8bn.The Cost-Benefit Analysis of Transit FeesFor hundreds of ships stranded in the Gulf with thousands of sailors on board, the cost of remaining anchored is steep, including crew wages, loan repayments, repair and management, coupled with inflated war risk premiums.In turn, Iran has reportedly been charging up to $2m for authorisation to pass. Experts say many will see this as worthwhile purely in terms of monetary cost."There is no doubt that paying Iran is cheaper than a continuous blockade because a sitting tanker bleeds money," said Nader Habibi, an Iranian American economist."It makes sense from an economic point of view, but it is not politically feasible," he added. "The companies are under pressure from the US sanctions and not to make arrangements with Iran. This is not just a purely economic cost-benefit analysis, but long-term considerations that are taken into account."International Legal PerspectivesInternational law protects free transit through strategic waters such as natural straits like Hormuz, barring countries from imposing passage tolls even where the waterways fall entirely into territorial waters, like in the case of Hormuz.However, services such as security controls, inspections and insurance regimes can be charged for. Chargeable fees also partly depend on whether a waterway is a man-made passageway or a natural one.These are three different precedents in maritime traffic flow:Panama Canal: An artificial waterway connecting the Atlantic and Pacific oceans. Vessels pass through a unique system of locks that raise and lower vessels across elevated terrain. Since Panama built, maintains and operates the canal, it can charge transit fees based on vessel size, cargo capacity and booking priority. These range from several hundred thousand dollars per transit to some slots sold for millions of dollars.Suez Canal: Another artificial canal, linking the Mediterranean and Red seas. Egypt charges transit fees for the use of canal infrastructure, maintenance and traffic management services through the narrow waterway. Container ships and oil tankers pay from several hundred thousand dollars to more than one million dollars per voyage.Turkiye's Bosporus Strait and Dardanelles: These are different because they are natural straits, rather than man-made canals. Turkiye charges for navigation-related services such as lighthouse operations, rescue readiness, medical support and traffic management – and tightly controls ship scheduling and navigation.Regional Cooperation PossibilitiesIran's newly-formed PGSA published a new map of Hormuz, stretching from Kuh-e Mubarak in Iran to south of Fujairah, in the UAE, at the eastern entrance of the strait, and from the tip of Qeshm Island to Umm al-Quwain at the western entrance.Given how the Iran war has spilled over into the Gulf region – with the UAE taking the brunt of Iranian strikes – economist Mohammad Reza Farzanegan said "regional cooperation with Iran is the most realistic path to stable transit through the Strait of Hormuz."The UAE, Oman, Qatar and Iran will have to work together because their economies require it, he argued. A workable arrangement could include a joint maritime authority, shared monitoring, emergency coordination, environmental protection and service-based contributions for maintaining safe passage."This would give Iran a recognised role in the security of the waterway while giving Persian Gulf economies more predictability," Farzanegan added. "Such a framework is also more realistic than relying on external military enforcement, which has been more a source of trouble for these states."The Future OutlookWhile it may seem that the economics of the closure of the strait are currently skewed towards Iran, Aniseh Tabrizi, an associate fellow on the Middle East and North Africa Programme at think tank Chatham House, noted that "the economics by itself is not going to be the driver to change calculation or move from the current standpoint."She emphasized that Iran and the US need to reach a "diplomatic compromise, with other calculations linked in to the economic factor", before there can be an end to the energy supply crisis.Farzanegan added that if the world expects stable access to the Strait of Hormuz, then paying Iran could well be accepted as the price of keeping the vital waterway predictable. "From an economic perspective, a negotiated transit arrangement [with Iran] now makes more sense than continued closure," he concluded.
#Iran #Strait of Hormuz #Oil Prices
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World Wide May 21, 2026

Mauritania’s Female Islamic Guides Lead the Fight Against Extremism

Mauritania has deployed state‑trained female Islamic guides, known as mourchidates, to counter viol…
Mauritania has turned to an unconventional counter‑terrorism tool: women trained in Islamic scholarship who work in schools, prisons and community centres to undermine extremist narratives. Since the Ministry of Islamic Affairs launched the mourchidates programme in 2021, the country has avoided the large‑scale attacks that have ravaged its Sahel neighbours. The State‑Backed Religious Guidance Model The mourchidates are certified by the state, receiving formal training in Quranic interpretation, Islamic jurisprudence and social counselling. Their role mirrors Morocco’s programme launched after the 2003 Casablanca bombings, but Mauritania has expanded their deployment to every region of the country. Training includes theological study and community‑engagement techniques. Guides operate under the Ministry of Islamic Affairs, ensuring official backing. They address both extremist ideology and the socio‑economic factors that fuel radicalisation. Prison as a Battleground for Ideas In Mauritanian prisons, mourchidates sit with detainees linked to Sahel armed groups, challenging the theological justifications for violence point‑by‑point. By offering alternative readings of Islamic texts, they create space for detainees to reconsider violent paths. Preventive Outreach in Communities Beyond prisons, the guides travel to schools, youth centres, mosques and markets, delivering lessons on tolerance, charity and accountability. Their presence aims to intercept radicalisation before it takes root, especially among unemployed youth vulnerable to extremist recruitment. Impact on Regional Stability While exact metrics are scarce, Mauritania’s relative calm compared with Mali, Burkina Faso and Niger is widely attributed to this holistic approach. Analysts cite the programme as a case study in combining intelligence, community trust and religious reform to blunt extremist growth. Future Outlook and Replicability Critics note limited resources and question whether the model can be exported to other Sahel states where state‑society trust is weaker. Nonetheless, the success of the mourchidates suggests that investing in credible, female religious leadership could become a cornerstone of non‑military counter‑terrorism strategies across the region.
#Mauritania #Mourchidates #Sahel
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Politics May 21, 2026

Iran Reviews US Peace Proposal as Pakistan Steps Up Mediation

Tehran says it is reviewing the United States' latest peace offer while Pakistan's military chief p…
Iran Scrutinizes the Latest US Offer Amid Growing Pakistani Diplomatic PushTehran confirmed it has received US views on its peace framework and is currently reviewing them, according to Ministry of Foreign Affairs spokesperson Esmaeil Baghaei. The statement arrives as Pakistan’s Field Marshal Asim Munir readies a visit to Tehran, and Interior Minister Mohsin Naqvi makes a second trip in less than a week to discuss the proposal.Key Numbers Shaping the Negotiation LandscapeThe war entered its nearly three‑month phase, with a ceasefire in place for six weeks.Iran’s original demand list comprises 14 points, including control of the Strait of Hormuz, reparations, sanctions relief, frozen‑asset release, and US troop withdrawal.The US naval blockade, launched in mid‑April, has resulted in the boarding of at least five vessels; a recent incident saw a ship searched and redirected by Central Command.Pakistan facilitated the only direct US‑Iran talks in April and now hosts the military chief for “talks and consultations”.Strategic Implications for the Region and Global PowersAnalysts note that Iran has seized the initiative by shifting focus to the strategic chokepoint of the Strait of Hormuz rather than its nuclear program, forcing Washington to defend its position. The US, wary of appearing weaker than it was on February 26 when it walked away from talks, is attempting to re‑center the nuclear issue. Meanwhile, the Islamic Revolutionary Guard Corps warns that any renewed aggression could expand the conflict beyond the region.What Comes Next? Scenarios for a Fragile Peace ProcessProfessor Scott Lucas of University College Dublin predicts a settlement is possible but cautions that President Donald Trump remains unpredictable, keeping the risk of renewed strikes alive. If the US accepts Iran’s 14‑point framework, a durable cease‑fire could emerge, unlocking the Strait for global shipping. Conversely, a failure to bridge gaps may see the blockade intensify and the conflict spill over, drawing in regional actors.
#Iran #United States #Pakistan
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World Wide May 20, 2026

Iran Coordinates Transit of 26 Vessels through Strait of Hormuz in 24 Hours

Iran's Islamic Revolutionary Guard Corps (IRGC) coordinated the transit of 26 vessels through the S…
The Strait of Hormuz Transit Iran's Islamic Revolutionary Guard Corps (IRGC) has said it coordinated the transit of 26 vessels through the Strait of Hormuz in the past 24 hours, as talks between Washington and Tehran over the resumption of traffic through the narrow waterway remain stalled. Coordination and Control “Traffic through the Strait of Hormuz is being carried out with permission and in coordination with the IRGC Navy,” the statement carried by Iran's state-affiliated ISNA news agency said on Wednesday. Global Energy Impact About a fifth of global energy exports used to pass through the strait before the beginning of the United States-Israel war on Iran on February 28, which prompted Tehran to blockade the waterway. Humanitarian and Economic Consequences The standoff has put huge strain on global energy markets as well as raising concerns over a looming humanitarian catastrophe. On Wednesday, the Food and Agriculture Organization of the United Nations (FAO) warned that the blockage could trigger a severe global food price crisis within six to 12 months, calling the disruption “the beginning of a systemic agrifood shock”. Stalled Talks and Future Uncertainty On Wednesday, Trump spoke about “progress” made in negotiations with Iran. But he also threatened to resume military action if Iran does not agree to a deal. Iran's Foreign Minister Abbas Araghchi warned “return to war will feature many more surprises”. The IRGC also said that if Iran is attacked again, it would widen the conflict by extending fighting “this time” beyond the region.
#Iran #Strait of Hormuz #IRGC
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World Wide May 20, 2026

Who Were the Victims of the San Diego Mosque Shooting?

On May 18, 2026, a gun attack at the Islamic Center of San Diego killed three community members – s…
On May 18, 2026, a gun attack at the Islamic Center of San Diego left three community members dead, including security guard Amin Abdullah, longtime staffer Mansour Kaziha, and neighbor Nader Awad who rushed to help. The incident, investigated as a hate crime, has sparked an outpouring of grief and a renewed debate on protecting places of worship.Victims’ Backgrounds and RolesMansour Kaziha (78) – a Syrian‑born employee who helped build the mosque in the 1980s, ran its gift shop, and prepared meals for Ramadan. He was described by the board chairman as “a cornerstone, a pillar of this masjid.”Nader Awad (57) – a resident across the street who attended daily prayers and, when he heard gunfire, ran into the mosque to assist, even diverting other congregants.Amin Abdullah (51) – the mosque’s security guard, a father of eight, who greeted visitors with “as‑salamu alaikum.” Police chief Scott Wahl called his actions “heroic” and credited him with preventing a larger tragedy.Key Facts and Numbers from the AttackThree victims were killed; two teenage attackers also died from self‑inflicted gunshot wounds.The attack occurred during daylight hours on a Monday, shortly after police were alerted to one attacker’s possible suicidal intent.Social media accounts show Amin Abdullah had roughly 1,800 followers, underscoring his community visibility.Community and Law‑Enforcement ResponseThe mosque’s imam, Taha Hassane, referred to the victims as “martyrs and heroes.” Families held vigils, and local officials classified the incident as a hate crime, prompting calls for stronger security protocols at religious institutions nationwide.Future Outlook for Mosque Security in the U.S.Law‑makers and faith‑based groups are now urging increased funding for security training, surveillance upgrades, and rapid‑response coordination with police. The tragedy underscores the need for proactive measures to protect vulnerable communities and may shape future legislation on hate‑crime prevention.
#San Diego #Islamic Center of San Diego #Amin Abdullah
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World Wide May 20, 2026

Nigeria and US Claim Major Success Against ISIL in Joint Northeast Operations

Nigerian forces, in coordination with the United States, report killing 175 ISIL fighters in joint …
The LeadNigerian forces, in coordination with the United States, have announced the successful elimination of 175 ISIL fighters in a series of joint military operations in the country's northeastern region. These strikes represent a significant escalation in counterterrorism efforts against the Islamic State's West Africa Province (ISWAP) affiliate, which has been active in the area for years.Joint Military Operation DetailsThe operations, conducted with the US military's Africa Command (AFRICOM), targeted and destroyed multiple ISIL infrastructure including checkpoints, weapons caches, logistics hubs, military equipment, and financing networks. Nigerian Defence Headquarters spokesperson Major-General Samaila Uba confirmed that as of May 19, 2026, assessments indicate that 175 ISIS terrorists have been eliminated from the battlefield."The joint strikes have further reinforced what the Armed Forces of Nigeria have consistently done over the years – hunt down and kill terrorists anywhere they are in Nigeria," Uba stated, emphasizing the continued commitment to counterterrorism operations.Targeting ISIL LeadershipThe recent operations follow the reported killing of Abu Bilal al-Minuki, described as ISIL's second-in-command, along with several of his lieutenants in a joint Nigeria-US strike. The Nigerian Army noted that al-Minuki oversaw key ISIL operations in the Sahel and West African region.Nigerian President Bola Ahmed Tinubu publicly thanked US President Donald Trump for his "leadership and unwavering support" following the announcement of al-Minuki's death. "I commend the personnel involved on both sides for their professionalism and courage, and I look forward to more decisive strikes against all terrorist enclaves across the nation," Tinubu stated.The Nigerian military also reported the killing of another senior fighter, Abd-al Wahhab, who was responsible for coordinating attack planning and propaganda for ISWAP, along with two other senior ISWAP members.Regional Security ImplicationsThese joint operations come at a critical time as ISIL has increasingly shifted its focus to Africa. According to crisis monitoring group Armed Conflict Location & Event Data, Africa accounted for 86 percent of the group's global activity in the first three months of 2026, following major setbacks in the Middle East.The increased US military involvement in Nigeria, which initially was described as mostly advisory and training when troops were deployed in February, now appears to have escalated to more direct combat operations. This shift reflects growing international concern about the expansion of terrorist networks in West Africa and the Sahel region.Future Counterterrorism StrategyThe success of these joint operations may signal a new phase in counterterrorism cooperation between Nigeria and the United States. With ISIL's increased focus on Africa, such collaborative efforts are likely to continue and potentially expand to other regions facing similar threats.However, the long-term effectiveness of these strikes will depend on addressing the root causes of extremism in the region, including poverty, governance challenges, and ethnic tensions that have historically fueled insurgent movements in Nigeria's northeast.
#Nigeria #United States #ISIL
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Politics May 20, 2026

Vance: US 'Locked and Loaded' for Military Action if Iran Talks Fail

US Senator JD Vance has stated that America is 'locked and loaded' for potential military action if…
The LeadUS Senator JD Vance has delivered a stark warning regarding America's stance on Iran, declaring that the United States is 'locked and loaded' for potential military action if diplomatic efforts fail. The statement comes amid heightened tensions in the Middle East and ongoing negotiations between world powers and Iran over its nuclear program.Vance's Hardline Position on IranSenator Vance, a prominent Republican voice on foreign policy, made the comments during a recent interview, emphasizing that military options remain on the table if diplomatic channels with Iran do not yield satisfactory results. The phrase 'locked and loaded' is typically associated with being prepared for immediate combat, suggesting a willingness by the US to consider military force as a viable option.This stance aligns with a more assertive approach to Iran that has been gaining traction among some Republican lawmakers, who have criticized the current administration's diplomatic efforts as insufficient to address Iran's nuclear ambitions and regional activities.Current Military Posture in the RegionThe United States maintains a significant military presence in the Middle East, with naval assets positioned in the Persian Gulf and thousands of troops stationed throughout the region. Recent reports indicate that the US has been reinforcing its military capabilities in areas neighboring Iran, including increased naval deployments and enhanced air defense systems.Additionally, the US has maintained economic sanctions on Iran, targeting its oil exports and financial sectors, as part of ongoing pressure to limit its nuclear program and influence in the region.Implications for US-Iran RelationsVance's statement likely complicates already fragile diplomatic relations between the US and Iran. The Islamic Republic has consistently maintained that its nuclear program is for peaceful purposes and has responded to Western pressure with increased uranium enrichment activities.The hardline rhetoric from US officials may further reduce the likelihood of successful negotiations, potentially pushing Iran toward more confrontational positions. This could destabilize the Middle East further, affecting global energy markets and security arrangements in the region.International partners involved in the Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), have expressed concerns about the deteriorating diplomatic environment and the potential for military escalation.Future Outlook on Diplomatic TensionsThe coming months will be critical in determining whether diplomatic channels can be reestablished between the US and Iran. With both sides entrenched in their positions, the risk of miscalculation or accidental escalation remains significant.Should diplomatic efforts continue to falter, the US may face increasing pressure to act militarily, potentially leading to a wider conflict in the Middle East. Conversely, a shift in either administration's approach could open new avenues for negotiation, though the path forward remains uncertain amid deep-seated mutual distrust.
#JD Vance #United States #Iran
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World Wide May 20, 2026

San Diego Mosque Attack: Victims Identified as Mansour Kaziha and Nader Awad

Authorities have confirmed the identities of two victims killed in an attack on the Islamic Center …
The San Diego Mosque Attack Authorities confirmed the identities of two other men killed in an attack on the Islamic Center of San Diego, in the latest apparent hate incident in the United States. Victim Details Revealed Mosque officials on Tuesday said Mansour Kaziha and Nader Awad had been killed when two gunmen attacked the religious site the day before. Mansour Kaziha was a longtime employee of the mosque, originally from Syria, and was married with five adult children. Nader Awad was a member of the mosque who lived across the street and rushed to the facility when he heard gunshots. The Heroic Response The third victim, Amin Abdullah, a security guard credited with thwarting the attackers, was identified by friends and family. The alleged gunmen were later found dead of apparent self-inflicted gunshot wounds. Investigation and Aftermath Police have been investigating the attack as a hate crime. The chairman of the Mosque’s board of directors, Ahmed Shabaik, said all three men had played a role in responding to the gunmen. The mosque complex, the largest in the county, remained closed as police continued their investigation. Rise in Hate Crimes The Council on American Islamic Relations (CAIR) said in a statement on Tuesday: “Hate against American Muslims is completely out of control.” The mosque has seen an increase in hate calls in recent times, as instances of Islamophobia have remained elevated amid the ongoing genocide in Gaza.
#San Diego #Mosque Attack #Mansour Kaziha
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Politics May 19, 2026

Somaliland Announces Embassy Move to Jerusalem, Israel to Open Representation in Hargeisa

Somaliland will relocate its embassy to Jerusalem while Israel plans to establish a diplomatic pres…
Somaliland’s Decision to Relocate Its Embassy to JerusalemMohamed Hagi, Somaliland’s ambassador to Israel, announced that the breakaway region will move its embassy to Jerusalem and that Israel will soon open a representation in Hargeisa. The statement, posted on X on Tuesday, highlighted a "growing friendship, mutual respect, and strategic cooperation" following Israel’s historic recognition of Somaliland’s independence in December 2025.Numbers Behind the Diplomatic ShiftSomaliland becomes the eighth diplomatic mission to relocate to Jerusalem after the United States, Guatemala, Kosovo, Honduras, Paraguay, Papua New Guinea and Fiji.Israel’s recognition in December 2025 was the first by any UN member state, breaking a 30‑year diplomatic isolation.Key regional reactions: condemnation from the UN Security Council, African Union, Organisation of Islamic Cooperation and European Union.Geopolitical Ripple Effects in the Horn of Africa and Middle EastThe reciprocal moves signal a strategic partnership that could reshape alliances in the Horn of Africa. Gideon Saar, Israel’s foreign minister, called the announcement a "significant step" and pledged swift implementation. The development may pressure neighboring states, especially Somalia, which has never accepted Somaliland’s independence, and could influence other nations considering similar embassy relocations.What the Next Steps Could Mean for Regional DiplomacyAnalysts expect accelerated cooperation in areas such as water management, security, and trade, building on recent delegations and training exchanges. However, the move also risks heightened tensions with the Palestinian Authority and broader international criticism over Jerusalem’s contested status. Future diplomatic engagements will likely focus on balancing Somaliland’s quest for broader recognition with the sensitivities of the Israeli‑Palestinian conflict.
#Somaliland #Israel #Mohamed Hagi
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