Feb 3, 2026

Agriculture: Drought‑Hit 2025 Season Leaves Morocco More Dependent on Cereal Imports, According to FAO$

Morocco ended 2025 with a below‑average cereal harvest and higher food inflation, leaving the country more dependent on grain imports going into the 2025/26 marketing year, according to a new country brief from the UN Food and Agriculture Organization (FAO). The report notes that while late‑season rains improved conditions for the winter crop now in the ground, cumulative rainfall during the 2025 growing season was more than 60% below normal in key cereal‑producing areas, sharply curbing yields and forcing authorities to extend subsidy measures and step up import plans to secure supplies.
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Energy Markets Are Reacting to Iran, But Not Panicking Yet$

Energy markets often react before the rest of the economy when geopolitical crises erupt. Oil has surged toward $90 per barrel as traders price the risk of disruption around the Strait of Hormuz, while European natural gas remains relatively calm but structurally exposed through LNG shipping routes. Together, the charts suggest markets are pricing risk, not yet a supply shock, as the conflict involving Iran enters its early phase.

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Trump Sends Controversial Envoy to South Africa at a Diplomatic Low Point$

Leo Brent Bozell III has arrived in Pretoria as the new U.S. ambassador to South Africa, stepping into one of the most strained periods in bilateral relations in recent years. His appointment, amid disputes over Israel, Afrikaner rights allegations, and diplomatic expulsions, reflects a politically charged moment that could redefine the trajectory of U.S.–South Africa ties.

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