
Iran and the US are scheduled to sign an agreement on Friday that could lead to the reopening of the Strait of Hormuz to maritime traffic. The Associated Press reported that the two countries reached an understanding today, with representatives set to meet in Switzerland to formalize the agreement. Pakistani mediators were cited by AP as confirming the development. Iranian deputy foreign minister, Kazem Gharibabadi, confirmed the agreement on state television, and US leader Donald Trump has reportedly ordered an end to his country鈥檚 naval blockade of Hormuz. If implemented, the deal could facilitate the resumption of oil and natural gas shipments from the Gulf. However, ongoing issues such as Israel鈥檚 attacks on Lebanon and US objections to Iran鈥檚 enriched uranium stockpile remain, posing potential threats to the fragile agreement.
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by The Reporter Ethiopia.
Must ReadThe Ethiopian National Dialogue Commission ENDC announced that the National Dialogue Conference will officially commence on July 15, 2026, in Addis Ababa. Commissioner Mesfin Araya Prof. stated that this marks the final phase of the four-year peace initiative. The assembly is scheduled to last three weeks and will gather selected representatives from across the country to address political and societal divisions. Delegates are instructed to arrive in the capital a week prior for pre-dialogue activities. The conference follows a preparatory process that collected public agendas from 1,234 woredas across 12 regions, Addis Ababa, and Dire Dawa city administrations, also including the Ethiopian diaspora. Mesfin emphasized that the convention's goal is to foster debate on foundational issues and achieve lasting consensus. The ENDC was established by Parliament in February 2022 to promote national consensus and address historical ethnic polarization and internal conflicts. Mesfin extended an invitation to political and civil factions that have not yet participated, stating the Commission's door remains open.
Must ReadThe Ethiopian federal government has proposed a record Birr 2.34 trillion approximately USD 14.85 billion budget for the 2026/2027 fiscal year, a significant increase from the previous year. Finance Minister Ahmed Shide presented the plan, which anticipates a 10.1 percent economic growth rate. However, despite these figures, many Ethiopian citizens are experiencing severe economic hardship due to currency devaluation, aggressive tax collections, and skyrocketing administrative fees. The government's economic reforms, particularly the 2024 transition to a market-based exchange rate, led to a sharp devaluation of the Ethiopian Birr, increasing the cost of imported essentials and fueling inflation. To fund the budget, the state is relying on increased domestic tax mobilization and higher non-tax government fees, partly to meet IMF conditions for a loan. Over half of the budget, Birr 1.20 trillion, is allocated to recurrent expenditures, including external debt servicing and subsidies for fertilizer and petroleum. Capital infrastructure projects receive Birr 568.2 billion, and regional subsidies get Birr 520.6 billion, while only Birr 14 billion is allocated for regional Sustainable Development Goals and direct poverty alleviation. Critics argue the budget does not adequately address the immediate needs of the poor, advocating for measures like freezing or reducing non-tax government fees for low-income citizens, expanding direct cash transfer programs, and implementing tax relie
Must ReadOlusegun Obasanjo, the African Union鈥檚 High Representative for the Horn of Africa, visited Mekelle on June 11, 2026, to prevent a return to conflict and assess the implementation of the Pretoria Agreement. His visit follows reports of a drone strike in northwestern Tigray and concerns over military mobilization. The Tigray People鈥檚 Liberation Front TPLF recently reinstated its pre-war 2020 State Council, electing Debretsion Gebremichael as regional president, which dismantled the federally recognized Interim Regional Administration. The TPLF's self-proclaimed regional government has also unveiled legislation proposing mandatory mobilization, expanded security powers, and a new media regulatory regime. This draft legislation, which includes penalties for refusing mobilization and allows arrests without court warrants, has been criticized by opposition parties like Ethiopian Citizens for Social Justice EZEMA and Salsay Weyane Tigray SAWET as a blueprint for totalitarian control and an assault on judicial independence. EZEMA warned that the situation risks reigniting conflict and called for dialogue, while SAWET urged international bodies to review the proclamation. Both the federal government and the TPLF are seen as having failed to fully implement the Pretoria Agreement, contributing to the current crisis.