South Korean envoy to be dispatched to Algeria as part of plan to secure crude oil supplies amid Strait of Hormuz crisis Copy link

Global energy markets are facing mounting uncertainty as disruptions in the Strait of Hormuz intensify following US and Israeli strikes on Iran, according to Anadolu Agency. Although the strategic waterway has not been officially closed, strict Iranian controls have severely limited maritime traffic, with oil tanker crossings dropping by more than 90% on certain days.

The Strait of Hormuz, which accounts for nearly 20% of global oil trade, now sees up to 15 million barrels of crude oil per day at risk. This situation has driven oil prices from around $70 to $120 per barrel, while natural gas prices in Europe have nearly doubled amid growing supply concerns.

Despite attempts by the International Energy Agency (IEA) to stabilize markets through the release of emergency reserves, volatility persists, highlighting the fragility of global energy supply chains.

In this context, Türkiye is emerging as a key alternative transit corridor. With existing infrastructure such as the Kirkuk-Ceyhan pipeline and new proposals to transport gas from Qatar and Iraq toward Europe, Ankara is positioning itself as a strategic hub linking the Middle East, the Caspian region and European markets.

However, experts caution that alternative routes remain limited in capacity and cannot fully compensate for disruptions in Hormuz in the short term. As a result, global markets remain vulnerable, while attention increasingly turns toward diversified energy sources, including pipeline gas from regions such as North Africa.

Source: Anadolu Agency

Algeria has achieved a notable milestone at both continental and global levels, ranking first in Africa in the 2026 Resilient Food Systems Index (RFSI), published by Economist Impact. The country placed 32nd worldwide with a score of 64.66 points, in an index that measures nations’ ability to ensure stable food availability and accessibility despite accelerating global challenges.

This ranking highlights Algeria’s growing position in the field of food security, as it has succeeded in building a food system capable of adapting to economic fluctuations and disruptions in global supply chains, amid an international context marked by increasing climate and geopolitical instability.

Growing capacity to withstand crises

According to the report, Algeria topped the African rankings, ahead of South Africa, which ranked 38th globally with 62.65 points, and Egypt, which came 39th with 62.18 points.

The index underscores Algeria’s strong capacity to cope with global supply chain challenges, particularly in the face of price volatility and trade disruptions. This performance reflects public policies focused on boosting domestic production, improving distribution mechanisms, and ensuring the availability of essential food products at affordable prices.

It also indicates steady progress in food security and sustainable development indicators. Algeria has previously achieved advanced positions in similar international reports in recent years, reinforcing its status as a regional player in this strategic sector.

At the Arab level, Algeria ranked fourth, behind countries such as Qatar and Saudi Arabia, in an index that evaluates 60 countries worldwide based on 71 quantitative and qualitative indicators.

Globally, Portugal topped the rankings with 76.83 points, benefiting from its agricultural diversity and policies supporting healthy food systems. The report also revealed a gap of more than 40 points between the most resilient and the most vulnerable food systems, highlighting the scale of challenges still facing many countries.

ALGIERS – The Algerian Mining Industrial Group (SONAREM) signed a Memorandum of Understanding (MoU) on Thursday with the Chadian national mining company, SONIMIC. The agreement aims to strengthen cooperation in geological research, exploration, and mining operations, according to a statement from the group.