renewed

Is Ethiopia heading towards renewed civil war? | Abiy Ahmed News

Seven armed groups announce alliance to topple government.

Despite decades of peace deals and ceasefires, armed groups in Ethiopia have continued to battle each other, as well as the military. Now, some of these former rivals have formed an alliance to push out the government in Addis Ababa.

They warn Ethiopia is on the brink of disintegration, and blame Prime Minister Abiy Ahmed. Abiy says the country can defend itself, but Ethiopians fear they could be on the verge of another civil war.

So, could these former rivals, with deep political and ideological divides, achieve their common objective?

Presenter:

Rob Matheson

Guests:

Samuel Getachew – Political commentator who specialises in Ethiopian affairs

Ngala Chome – Horn of Africa analyst

Kjetil Tronvoll – Professor of peace and conflict studies at Oslo New University College

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Renewed fighting worsens Yemen’s humanitarian crisis | Houthis

Fighting between Yemen’s Houthis and internationally recognised government forces have worsened an already dire humanitarian and displacement crisis. The International Organization for Migration tells Al Jazeera tens of thousands of people are in urgent need of help.

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Price of oil rises after renewed U.S.-Iran fighting in Middle East

Aug. 31 (UPI) — Oil prices surged early Monday after fighting flared in the U.S.-Iran conflict for the first time in four weeks since U.S. President Donald Trump announced a “pause” in U.S. military strikes on Aug. 1.

The contract for the benchmark Brent crude for November delivery jumped by 3.4% to $91.09 a barrel and the October contract for American crude saw a similar-sized increase to $86.22 after U.S. forces hit rocket launchers on Larak Island in the Hormuz Strait on Sunday night and Iran’s military retaliated, targeting American bases in Jordan.

The hikes were driven by the renewed hostilities stoking fears ongoing supply disruption caused by a drastic curtailment of tankers traffic transiting the Strait of Hormuz would be made worse and persist for longer, according to experts.

“Supply risk will persist and oil inventories will continue to deplete in the coming weeks and months. The Iranian crisis has likely changed the security status quo in the Middle East,” said PVM Oil Associates’ London-based analyst Tamas Varga.

Investment bank Goldman Sachs, the impact of destructive attacks on refining capacity was responsible for upward pressure on margins.

“Rising strikes on refineries in the Middle East and Russia have further constrained already-stretched global refining capacity, pushing refined products margins to new highs,” the bank said in a note.

Prices at the pump in the United States on Monday remained broadly flat from the previous day, with the average price of a gallon of regular unleaded up 0.2 cents at 4.08 a gallon, and diesel down by a little over 0.3 cents at $5.60 a gallon, according to the American Automobile Association.

The developments came as the United States’ Strategic Petroleum Reserve has fallen to its lowest level since 1982.

President Trump said Sunday he would restock it with oil from his Venezuela deal giving the United States secure a stake in more than 65 billion barrels of oil despite the fact it could to produce take many years to before the agreements yields any significant volumes because the oil is reserves, as yet to be drilled.

The price of oil has seesawed over the past two weeks after rising in response to Trump’s Aug. 19 threat to wage a “crushing economic operation” against Iran that his officials said would cause the regime to collapse, and then retreating again in the hours before the mainly-sanctions package of measures were unveiled on Aug. 24.

President Donald Trump signs an executive order to rename Lake Ontario as Lake America in the Oval Office of the White House on Thursday. Photo by Al Drago/UPI | License Photo

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