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Africa sees winners and losers as Iran war pushes up oil prices

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Several countries on the continent have sought financial help due to economic uncertainty caused by the US-Israeli war on Iran.

Eric Wainaina, a motorcycle taxi driver in Nairobi, Kenya, was already bracing for a loss in income when the rainy season hit in March, but the war on Iran, which erupted on 28 February, has also taken its toll.

Kenya is the latest in a series of African nations to experience the economic fallout caused by the United States and Israel’s assault on Iran, with rising energy prices leading to spiralling costs for businesses, small and large, across the continent.

Wainaina works six days a week, usually starting at 6:30am, to help support a wife and three children. Before the war, he would drive up to 180km a day, but now, due to rising energy costs, he covers only 90km, resulting in his monthly income dropping by half.

“We can’t work as much as we usually would because the price of petrol is so high,” he told Al Jazeera.

Soaring energy prices have seen winners and losers on the African continent, with oil-rich nations enjoying huge windfalls, while resource-sparse nations are paying the price, resulting in mounting deficits and subsidy costs.

The crisis could see Kenya, which falls in the latter category, seek a loan of up to $600m from the World Bank, according to Bloomberg, as it attempts to shield its economy from the shocks of the global energy crisis. Fuel prices have already surged there, with the price of a litre of diesel rising during the war by 24 percent to about $1.60, with the higher cost of filling car and motorcycle tanks having a profound effect on Kenyans’ everyday lives.

“Normally, I’d get 20 to 30 customers a day, but now I’m getting fewer than 10,” said Wainaina. “Passengers can’t afford it anymore. I’ve had to significantly increase fares because of the rise in petrol prices and the wet season. Usually, I’d only charge slightly higher fares due to the heavy rain.”

If the situation doesn’t improve soon, Eric says he and his family might be forced to live on land inherited from his grandfather in the rural hinterlands of Kenya. He expects other relatives to do the same, even if it means making a new life in makeshift homes and a lower standard of living.

The Iran war has triggered what the International Energy Agency (IEA) describes as the most severe oil supply shock in history.

Goldman Sachs estimates that the massive disruption of trade in the Strait of Hormuz, along with attacks on regional energy infrastructure, has reduced global oil production by 14.5 million barrels per day – equivalent to a 57 percent decline.

Despite being one of the world’s largest oil-producing regions – accounting for roughly 12 percent of global reserves – Africa still imports more than 70 percent of its refined fuel, according to the Africa Finance Corporation (AFC), a multilateral financial institution created by African states. This left many nations there, particularly those like Kenya with no or few biocarbon reserves, exposed to market volatility, when the Iran war broke out.

Last month, the AFC warned that the continent is on course for an 86-million-tonne fuel shortfall by 2040, underscoring the widening gap between domestic production capacity and growing energy demands.

Insufficient refining capacity is another of Africa’s biggest energy challenges. In its 2026 outlook report, the African Energy Chamber cautioned that the continent might struggle to fully capitalise on its vast oil reserves if it continues exporting low-value crude while importing high-value refined products.

Yet, Africa’s energy woes are not isolated to the continent but part of a wider trend affecting countries across the world, Amaka Anku, head of Eurasia Group’s Africa practice, told Al Jazeera.

“When you have a global shock like this, it affects everyone. The media has this very narrow framing that Africa is going to be impacted the worst. However, rising inflation is hurting us all,” she said.

“It’s not an Africa story – it’s a global story. For instance, the supply chain shock has been worse in Asia due to its dependence on the Gulf for petroleum products.”

Nigeria, Africa’s largest oil producer and exporter, has benefitted from a surge in energy prices, boosting its export revenues. US investment firm Vanguard reported last month that Nigerian oil companies had earned a $4bn windfall from the rise in oil prices. Its analysis found that Nigerian Bonny Light crude had risen by 66 percent since the start of the Iran war, from about $70.14 per barrel to an average of $116.84, while other African countries could benefit from growing demand for minerals.

“Nigeria is seen as one of the winners of the war. If you’re an oil company in Nigeria, it’s going to be easier to raise cash for investments. The Democratic Republic of [the] Congo is also benefitting in some ways because it has the critical minerals that will be needed to replace US defence systems that have been destroyed in the Iran war. The conflict has created opportunities that didn’t exist before,” Anku told Al Jazeera.

However, she says Kenya is “quite exposed” to the economic fallout from the Middle East crisis, with the government already facing fiscal pressure ahead of next year’s general election – a situation compounded by the country’s dependence on energy imports from the Gulf.

Over the past decade, Gulf investment in Africa has surged, with a strong emphasis on the renewable energy sector as MENA states seek to diversify their economies from hydrocarbons. In February, the Clean Air Task Force reported that Saudi Arabia and the United Arab Emirates had made $175bn in funding commitments between 2010 and 2024, largely directed towards renewable energy generation and hydrogen projects. China has also invested heavily in the continent’s renewable energy sector and remains Africa’s single largest investor in green energy.

However, Ebenezer Obadare, a senior fellow at the Council on Foreign Relations focusing on Africa, said that even if the US and Israeli war on Iran has caused financial hardship for some countries on the continent, many will maintain close ties with Washington due to the economic benefits from this relationship.

“A massive shift by African countries towards other international partners seems highly unlikely, and it seems more probable that they will continue to weigh their options. Many African countries, having campaigned for the renewal of the African Growth and Opportunity Act (AGOA), it seems unlikely they will cut ties so quickly after securing reauthorisation until December this year,” Obadare said, referring to the trade programme that provides eligible sub-Saharan African nations with duty-free access to the US market.

“Moreover, a growing number of African countries have signed bilateral agreements with the US as part of the latter’s America First Global Health Strategy, and they may be reluctant to put those agreements at risk. All in all, we may expect the current pattern of deep ties with the US to continue for the foreseeable future, with the important caveat that things could change depending on the course of the war and how long it lasts.”

📰 மூல செய்தி (Source): https://www.aljazeera.com/news/2026/5/7/africa-sees-winners-and-losers-as-iran-war-pushes-up-oil-prices?traffic_source=rss

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FA Cup final: Chelsea vs Manchester City – teams, start, lineups

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Manchester City will continue their hunt for a domestic treble when they face Chelsea in Saturday’s FA Cup final.

Who: Chelsea vs Manchester City

What: English FA Cup final

Where: Wembley Stadium in London, United Kingdom

When: Saturday, May 16 at 3pm (14:00 GMT)

How to follow: We’ll have all the buildup on Al Jazeera Sport from 11 GMT in advance of our live text commentary stream.

History will be made on Saturday as Manchester City become the first side to line up in four consecutive finals as they take on Chelsea for the trophy.

Between them, the sides have won 15 FA Cup titles, but this is a first meeting between the clubs in the final itself – despite the teams between them appearing in five of the last six finals.

City, who have already claimed the League Cup, are still in with the chance of a domestic treble. Chelsea, however, have been engaged in a managerial merry-go-round – all off the back of beating Paris Saint-Germain to claim the expanded FIFA Club World Cup last year.

Al Jazeera Sport takes you through all the information you need to know in the run-up to the 145th FA Cup final.

Crystal Palace beat City 1-0 in last season’s final to lift the trophy for the first time in their history.

Eberechi Eze scored the only goal of the game after 16 minutes to sign off from the Eagles in style. The England forward joined Arsenal at the end of the season.

City had dominated the final with a staggering 78 percent of possession.

Chelsea overcame Leeds United 1-0 in their last four clash, with Enzo Fernandez scoring the only goal in the 23rd minute.

The Blues thumped Port Vale in the quarterfinals with a 7-0 win, while there was a more Hollywood feel to their clash with Wrexham in the prior round.

Extra time was required in their 4-2 win in Wales.

City were well tested in the semifinal by Championship side Southampton as Nico Gonzalez scored with three minutes remaining after Jeremy Doku’s 82nd-minute strike cancelled out Finn Azaz’s opener.

Liverpool were seen off in the quarterfinals with a 4-0 thumping at Etihad Stadium, while a 3-1 win was recorded at Newcastle United in the round prior to that.

Manchester City were 3-0 winners in the last meeting between the sides, which came in a Premier League fixture in west London on April 12.

All three goals came within 17 minutes of each other in the second half, with Nico O’Reilly, Marc Guehi and Jeremy Doku netting at Stamford Bridge.

City sit second in the English top flight, just two points behind leaders Arsenal with two games to play.

Club World Cup holders Chelsea have sacked both Enzo Maresca and Liam Rosenior this season and sit ninth in the league.

Calum McFarlane will be taking charge of his sixth game in his second spell as the club’s interim manager.

The teams last met in the FA Cup in a semifinal clash at Wembley Stadium in April, 2024.

Bernardo Silva scored the only goal of the game to send City through to the final, where they were beaten 2-1 by Erik ten Hag’s Manchester United.

Alejandro Garnacho, now of Chelsea, gave United the lead, which Kobbie Mainoo doubled before the break. Jeremy Doku netted an 87th-minute goal to set up a tense finale.

Chelsea have had their name etched on the trophy on eight occasions, with their first win coming in 1970 as they beat Leeds United 2-1 in a replay at Manchester United’s Old Trafford.

The first attempt ended in a 2-2 draw, leading to the first time a final would be replayed. Wembley hosted the opening match, but was unavailable for the replay due to the pitch being in unfit condition.

City have lifted the cup on seven occasions, with their first win coming in 1904 with a 1-0 win over Bolton Wanderers.

Chelsea’s last win came in 2022 and required penalties against Liverpool to seal the win.

The match ended 0-0 after extra time – the first final to end goalless since Sir Alex Ferguson’s Manchester United beat Arsene Wenger’s Arsenal on spot kicks in 2005.

City last lifted the trophy in 2023, beating Manchester United 2-1.

In a final that would see a rerun between the cross-city rivals the following year, Ilkay Gundogan opened the scoring in the first minute and later restored his side’s lead five minutes after the break, after a Bruno Fernandes penalty had levelled the tie at the break.

Arsenal are the record winners of the competition with 14 victories to their name. The first was in 1930 under the club’s famous manager, Herbert Chapman. The Gunners beat Huddersfield Town 2-0 in the final.

Their last win came in 2020 when they beat Chelsea 2-1. It was the first of three successive finals for the Blues, who tasted defeat the following year against Leicester City before the 2023 win against Liverpool.

Manchester United are the second-most successful side in the competition’s history with 13 wins. Chelsea’s eight victories are joint third on the list with Liverpool and Tottenham.

The first FA Cup final was staged in 1872 with Wanderers beating Royal Engineers 1-0 in a match staged at the Kennington Oval cricket ground, which remains the current home to the English county cricket club, Surrey.

This will be the 181st meeting between the teams, with Chelsea winning 99 of the meetings and Manchester City winning 68 of the encounters.

The first match was played in 1907 in the old Division One of English football (now the Premier League), with the match ending in a 2-2 draw in London.

This will be the 11th meeting between the sides in the FA Cup, with City winning six of the matches to Chelsea’s four wins.

The first cup meeting was in February, 1915, with Chelsea winning 2-1 in Manchester. City had to wait 33 years for a chance of cup revenge, which they took at first attempt with a 2-0 home win in January 1948.

This will be the side’s seventh meeting in the competition in the last 13 seasons.

Estevao Willian, Jamie Gittens and Jesse Derry are all out with injuries, but Robert Sanchez, Pedro Neto and Alejandro Garnacho have all trained in the build-up to the game as they attempt to shake off knocks.

Sanchez; Gusto, Fofana, Colwill, Hato; James, Caicedo; Palmer, Fernandez, Cucurella; Pedro

Guardiola made several changes to his starting lineup for their last outing in the Premier League game against Crystal Palace, ⁠with Erling Haaland playing no part.

The Norwegian will be leading City’s attack in Saturday’s showpiece, though, aiming to correct a remarkable statistic.

Haaland has scored 161 goals in 196 games for City in all competitions, yet has never found the net or made an assist in the 12 semifinals or finals in which he has ⁠featured.

Rodri remains an injury doubt with a groin issue.

Trafford; Nunes, Khusanov, Guehi, O’Reilly; Gonzalez, Bernardo; Semenyo, Cherki, Doku; Haaland

📰 மூல செய்தி (Source): https://www.aljazeera.com/sports/2026/5/15/fa-cup-final-chelsea-vs-manchester-city-teams-start-lineups?traffic_source=rss

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BRICS talks end without joint statement as divisions over Iran war deepen

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Iran’s foreign minister had urged member states to condemn ‘violations of international law by the United States and Israel’.

The BRICS alliance of major developing economies has failed to issue a joint statement after their two-day meeting in India, amid internal divisions over the Iran war which is affecting several members.

India hosted the foreign ministers’ meeting in New Delhi and currently chairs the alliance. BRICS brings together core members Brazil, Russia, India, China and South Africa, as well as newer members Ethiopia, Egypt, Iran, Indonesia and the UAE.

India said on Friday that “there were differing views among some members” regarding the conflict in the Middle East.

Iranian Foreign Minister Abbas Araghchi on Thursday urged BRICS member states to condemn what he described as “violations of international law by the United States and Israel”.

The war has intensified tensions between Iran and its Gulf neighbours, including Saudi Arabia and the United Arab Emirates, a fellow BRICS+ member. Riyadh has yet to formally join the bloc.

Without directly naming the UAE, Araghchi told a news conference that a BRICS member had blocked parts of India’s statement. Iran repeatedly targeted its Gulf neighbour following the outbreak of the war on February 28, reportedly striking the UAE more than any other country involved in the conflict, including Israel.

“We have no difficulty with that certain country, they have not been our target in the current war. We only hit American military bases and American military installations, which are unfortunately on their soil,” Araghchi said.

The UAE representative, Minister of State, Khalifa bin Shaheen Al Marar, rejected Araghchi’s remarks, accusing him of attempting to justify “terrorist attacks” against the UAE and other Gulf states. Al Marar said Iran had launched approximately 3,000 attacks on the UAE using ballistic missiles, cruise missiles and drones.

India’s statement highlighted areas of consensus among BRICS members, including calls for reforms to global governance institutions, such as the United Nations and the Security Council. The bloc reiterated its longstanding demand for greater representation of Global South countries within international institutions, reflecting its broader push for a multipolar world order.

The foreign ministers also discussed Israel’s genocidal war on Gaza. They agreed that Gaza was an “inseparable part” of any future independent Palestinian state, stressing the importance of unifying the enclave with the occupied West Bank under the governance of the Palestinian Authority. However, the statement noted that one unnamed country had expressed reservations about certain aspects of the section on Gaza.

The group further called on all parties to respect the ceasefire in Lebanon, which critics have denounced as a halt in hostilities in name only. Without singling out a specific country, the ministers condemned the use of economic sanctions as a form of coercion.

Sudan was also on the agenda. The African country remains in the grip of what the UN has described as the world’s worst humanitarian crisis. Ministers called for an immediate ceasefire, saying that only a peaceful solution through dialogue could bring a lasting end to the civil war, which began more than three years ago. They also warned that Sudan could become fertile ground for what ministers described as “extremism” and “terrorism”.

Also discussed was the situation in Syria, which is recovering from the civil war that effectively ended in December 2024 following the overthrow of longtime ruler Bashar al-Assad.

India’s statement called for a peaceful and inclusive political transition. The parties further stressed the importance of eliminating what they described as “foreign terrorist fighters” in Syria, saying they pose a security threat to both the country and the wider region.

📰 மூல செய்தி (Source): https://www.aljazeera.com/news/2026/5/15/brics-talks-end-without-joint-statement-as-divisions-over-iran-war-deepen?traffic_source=rss

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UAE to accelerate oil pipeline project to bypass Strait of Hormuz

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The crown prince of the UAE says the project would help ‘meet global demands’.

The United Arab Emirates is fast-tracking the construction of a new pipeline, which will double the export capacity through Fujairah, a port city in the country’s east, as Gulf nations seek to bypass the Strait of Hormuz.

Crown Prince Sheikh Khaled bin Mohamed bin Zayed announced the acceleration of the West-East Pipeline project to “meet global demands”, at an executive meeting held by the Abu Dhabi National Oil Company (ADNOC) on Friday.

The pipeline should be operational by 2027, the government’s Abu Dhabi Media Office said.

Sheikh Zayed said ADNOC is “well positioned as a responsible and reliable global energy producer, with the operational flexibility to responsibly increase production to meet market needs when export constraints allow”.

The United States and Israel’s war on Iran shook global energy supply chains across the world.

With the blockade on the Strait of Hormuz – through which previously about a fifth of the world’s oil passed – and Iran’s new maritime protocol in the waterway, as well as attacks on energy infrastructure, Gulf nations have been forced to find alternative trade routes to maintain oil and gas exports.

Currently, the UAE has the Abu Dhabi Crude Oil Pipeline (ADCOP), a 380km (235-mile) pipeline which runs from Habshan, an oil and gasfield in the southwestern area of Abu Dhabi, to the port of Fujairah – which has come under attack recently.

The pipeline, which started working in 2012, has the capacity of about 1.5 million barrels of oil per day (bpd). It is one of the key energy routes in the Middle East.

Saudi Arabia also has the East-West pipeline, designed to export the kingdom’s oil, concentrated in the country’s east, via the west coast, which has been less affected by the Iran war.

Saudi’s pipeline is 1,200km (745 miles) long, running from the Abqaiq oil processing centre to the Yanbu port on the Red Sea. State oil giant Aramco’s Chief Executive Amin Nasser has called it a “critical lifeline” for the kingdom.

Oman borders the Gulf of Oman with an extensive coastline outside the Strait of Hormuz, while Kuwait, Iraq, Qatar, and Bahrain depend almost entirely on the waterway for their trade shipments.

Last month, the UAE announced its departure from the Organization of the Petroleum Exporting Countries (OPEC) in order to focus on “national interests”. The UAE said this move was part of its “long-term strategic and economic vision and evolving energy profile”.

📰 மூல செய்தி (Source): https://www.aljazeera.com/news/2026/5/15/uae-to-accelerate-oil-pipeline-project-to-bypass-hormuz?traffic_source=rss

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