14, April 2026
Strait of Hormuz: Joint statement by the heads of the International Energy Agency, International Monetary Fund, and World Bank Group 0
The Heads of the International Energy Agency, International Monetary Fund, and World Bank Group met today as part of the coordination group they established in early April to maximize their institutions’ response to the energy and economic impacts of the war in the Middle East. At the end of their meeting, they issued the following statement:
“As we noted earlier this month, the impact of the war is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries. The shock has led to higher oil, gas and fertilizer prices, triggering concerns about food security and job losses as well. Some oil and gas producers in the Middle East have also seen a dramatic loss of export revenue.
The situation remains very uncertain, and shipping through the Strait of Hormuz is yet to normalize. Even after a resumption of regular shipping flows through the Strait, it will take time for global supplies of key commodities to move back towards their pre-conflict levels—and fuel and fertilizer prices may remain high for a prolonged period given the damage to infrastructure. Due to supply disruptions, shortages of key inputs are likely to have implications for energy, food, and other industries. The war has also forcibly displaced people, impacted jobs, and reduced travel and tourism, which may take time to reverse.
Today, we shared our latest assessments, ahead of the release this Tuesday, April 14, of the IEA’s monthly Oil Market Report and IMF’s World Economic Outlook. We also discussed the situations of the countries most affected by the shock as well as the responses by our institutions. Our teams are working closely, including at country level, to leverage our respective expertise and help countries through tailored policy advice and, in the case of the IMF and World Bank, financial support where needed.
We will continue to monitor closely and assess the impact of the war on energy markets, the global economy and individual countries, and to coordinate our response and support to our member countries—working with, and drawing on, other international organizations’ expertise as needed to lay the foundations for a resilient recovery that delivers stability, growth and jobs.”



















16, April 2026
The Holy Father is in Bamenda to preach a message of peace 0
Pope Leo XIV travelled Thursday to the western Cameroonian city of Bamenda to preach a message of peace in the epicenter of a separatist conflict that humanitarian groups have called one of the world’s most neglected crises.
Leo’s Camair charter landed at the Bamenda airport, where jubilant Cameroonians clogged the roads, blowing horns and dancing. They were overjoyed that a pope had come so far to see them and put a global spotlight on the violence that has traumatized this region for nearly a decade.
Leo is to preside over a peace meeting involving a Mankon traditional chief, a Presbyterian moderator, an imam and a Catholic nun. The aim is to highlight the interfaith movement that has been seeking to end the conflict and care for its many traumatized victims.
It wasn’t immediately clear if any of the separatist fighters, who announced a three-day pause in fighting to allow the pope safe passage, would attend.
The pope is also set to celebrate a Mass for the people of Bamenda, near the western border with Nigeria.
Leo arrived in Cameroon on Wednesday on the second leg of his four-nation African trip, the first by the first American pope. In his arrival speech, he demanded the “chains of corruption” in the mineral-rich country be broken and lectured President Paul Biya on the legitimate exercise of authority.
The 93-year-old Biya, the world’s oldest leader, has been in power since 1982 and claims to have won a disputed election last year that gave him an eighth term in office.
The conflict in Cameroon’s two Anglophone regions is rooted in Cameroon’s colonial history, when the country was divided between France and Britain after World War I. English-speaking regions later joined French Cameroon in a 1961 U.N.-backed vote, but separatists say they have since been politically and economically marginalized.
In 2017, English-speaking separatists launched a rebellion with the stated goal of breaking away from the French-speaking majority and establishing an independent state. The conflict has killed more than 6,000 people and displaced over 600,000 others, according to the International Crisis Group.
The separatist movement is believed to be backed by several actors abroad. In December last year, a federal jury in U.S. convicted two individuals for conspiracy to provide funds and equipment to the separatist fighters. Belgian authorities in March also announced they had arrested four people as part of its investigations into Belgian residents suspected of being among the separatist leaders and raising money for them from Belgium.
Cameroon sits atop significant reserves of oil, natural gas, cobalt, bauxite, iron ore, gold and diamonds, making resource extraction one of the pillars of its economy.
While French and English companies have long dominated the extraction industry in Cameroon, Chinese companies have established a significant presence in recent years, particularly in the gold mining regions of the east.
On the eve of Leo’s arrival, separatist fighters announced a three-day pause in fighting. A spokesperson for the Unity Alliance, Lucas Asu, said the pause “reflects a deliberate commitment to responsibility, restraint and respect for human dignity, even in the context of ongoing conflict.”
He said the pope’s visit should remain “spiritual” and not be seen as endorsing any political authority.
Though the number of deadly attacks by separatists has decreased in recent years, the conflict shows no sign of resolution. Peace talks with international mediators have stalled, with both sides accusing each other of acting in bad faith.
Morine Ngum, a mother of three whose husband was shot dead in 2022 by Cameroonian soldiers while fighting as a separatist, expressed doubt that the pope’s visit and peace meeting would lead to meaningful change. She said any real progress must begin with those in power.
“Nothing is going to change,” said Ngum, 30. “This conflict has turned my children into orphans and me into a widow. Many families have been rendered homeless.”
Source: ABC News