Maghreb Edition
In the post-Gaddafi era, corruption in Libya is endemic and metastasized. The culture of corruption is so ubiquitous and widespread that Transparency International ranks Libya third before last in the MENA region, doing only better than Syria and Yemen. In this podcast, Arezki looks at how the Gaddafi clan has siphoned off billions of dollars and that the current governments may have made corruption even worse. How to Listen:
A conversation with Dr. Kate Schecter, President and CEO of World Neighbors, on how community-led development works in practice across the Global South.
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Oil prices surged toward $119 per barrel as the conflict involving Iran disrupted tanker traffic through the Persian Gulf, forcing several Gulf producers to reduce output and pushing governments to consider emergency energy measures. Saudi Arabia joined Iraq, Kuwait, Qatar, and the UAE in cutting production as shipments stalled and storage capacity tightened. With hundreds of tankers idling near the Strait of Hormuz and major shipping insurers suspending coverage, the crisis is rapidly evolving from a regional military conflict into a global energy shock.
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.
A conversation with Dr. Kate Schecter, President and CEO of World Neighbors, on how community-led development works in practice across the Global South.
