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	<title>Oil and Gas Archives - Kaab TV</title>
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	<description>Somalia and Somaliland Daily News Update</description>
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	<item>
		<title>Oil Prices Surge as Red Sea Attacks, Iran Tensions Shake Global Markets</title>
		<link>https://en.kaabtv.com/oil-prices-surge-as-red-sea-attacks-iran-tensions-shake-global-markets/</link>
		
		<dc:creator><![CDATA[Staff Reporter]]></dc:creator>
		<pubDate>Thu, 23 Jul 2026 14:50:38 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Trending]]></category>
		<category><![CDATA[Global oil prices have climbed sharply as renewed tensions in the Middle East fuel concerns over energy supplies and maritime security]]></category>
		<category><![CDATA[Iran Tensions Shake Global Markets]]></category>
		<category><![CDATA[Oil and Gas]]></category>
		<category><![CDATA[Oil Prices Jump 3% as U.S.–Iran Conflict Reignites]]></category>
		<category><![CDATA[Oil Prices Surge as Red Sea Attacks]]></category>
		<guid isPermaLink="false">https://en.kaabtv.com/?p=20563</guid>

					<description><![CDATA[<p>Global oil prices have climbed sharply as renewed tensions in the Middle East fuel concerns over energy supplies and maritime security. The latest spike follows attacks on Saudi oil tankers in the Red Sea, escalating threats involving Iran, and a new U.S.-Saudi civilian nuclear energy agreement that has heightened uncertainty across international markets. Brent crude, [&#8230;]</p>
<p>The post <a href="https://en.kaabtv.com/oil-prices-surge-as-red-sea-attacks-iran-tensions-shake-global-markets/">Oil Prices Surge as Red Sea Attacks, Iran Tensions Shake Global Markets</a> appeared first on <a href="https://en.kaabtv.com">Kaab TV</a>.</p>
]]></description>
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<p class="PDq2pG_selectionAnchorContainer" data-start="80" data-end="437">Global oil prices have climbed sharply as renewed tensions in the Middle East fuel concerns over energy supplies and maritime security.</p>
<p class="PDq2pG_selectionAnchorContainer" data-start="80" data-end="437">The latest spike follows attacks on Saudi oil tankers in the Red Sea, escalating threats involving Iran, and a new U.S.-Saudi civilian nuclear energy agreement that has heightened uncertainty across international markets.</p>
<p data-start="439" data-end="886">Brent crude, the global benchmark for oil prices, rose above $98 per barrel, reaching its highest level since June after Yemen&#8217;s Iran-backed Houthi movement claimed responsibility for attacking two Saudi-owned oil tankers transiting the Red Sea.</p>
<p data-start="439" data-end="886">The group also announced what it described as a naval blockade targeting vessels linked to Saudi Arabia, raising fears of renewed disruptions along one of the world&#8217;s most critical shipping routes.</p>
<p data-start="888" data-end="1249">The growing crisis has been compounded by increasingly hostile rhetoric between Washington and Tehran.</p>
<p data-start="888" data-end="1249">U.S. President Donald Trump has warned that the United States could target key Iranian infrastructure if attacks on commercial shipping or U.S. interests in the region continue, further increasing concerns over the possibility of a broader regional conflict.</p>
<p data-start="1251" data-end="1636">At the same time, the United States and Saudi Arabia announced a new agreement on civilian nuclear energy cooperation.</p>
<p data-start="1251" data-end="1636">While both governments described the deal as focused on peaceful energy development and economic cooperation, analysts say it also reflects Washington&#8217;s efforts to deepen its strategic partnership with Riyadh amid rising geopolitical tensions across the Middle East.</p>
<p data-start="1638" data-end="2210" data-is-last-node="" data-is-only-node="">Economists warn that continued attacks in the Red Sea and around the Bab al-Mandeb Strait could drive oil prices even higher, increasing transportation costs, fueling inflation, and placing additional pressure on the global economy.</p>
<p data-start="1638" data-end="2210" data-is-last-node="" data-is-only-node="">The Red Sea and the Bab al-Mandeb are among the world&#8217;s most important maritime trade corridors, carrying millions of barrels of oil and a significant share of global commerce between Asia, Europe, and the Middle East.</p>
<p data-start="1638" data-end="2210" data-is-last-node="" data-is-only-node="">Any prolonged disruption could have far-reaching consequences for international energy markets and global supply chains.</p>
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<p>The post <a href="https://en.kaabtv.com/oil-prices-surge-as-red-sea-attacks-iran-tensions-shake-global-markets/">Oil Prices Surge as Red Sea Attacks, Iran Tensions Shake Global Markets</a> appeared first on <a href="https://en.kaabtv.com">Kaab TV</a>.</p>
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		<title>Hassan Sheikh Sacks Longtime Ally Abdirisak Omar Mohamed: Here’s Why</title>
		<link>https://en.kaabtv.com/hassan-sheikh-sacks-longtime-ally-abdirisak-omar-mohamed-heres-why/</link>
		
		<dc:creator><![CDATA[Kaab TV News Editor]]></dc:creator>
		<pubDate>Sun, 22 Dec 2024 20:37:19 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Special Report]]></category>
		<category><![CDATA[Abdirisak Omar Mohamed]]></category>
		<category><![CDATA[Corruption]]></category>
		<category><![CDATA[Hassan Sheikh Mohamud]]></category>
		<category><![CDATA[Hassan Sheikh Wife]]></category>
		<category><![CDATA[Oil and Gas]]></category>
		<category><![CDATA[Petroleum]]></category>
		<category><![CDATA[Somalia]]></category>
		<category><![CDATA[Turkey]]></category>
		<guid isPermaLink="false">https://en.kaabtv.com/?p=9323</guid>

					<description><![CDATA[<p>MOGADISHU (Kaab TV) &#8211; It was a long and tense night at Villa Somalia on Saturday as negotiations dragged past midnight in a final attempt to reconcile President Hassan Sheikh Mohamud and his longtime ally, Abdirisak Omar Mohamed, the Minister of Petroleum and Mineral Resources. For months, their disagreements had remained hidden from the public, [&#8230;]</p>
<p>The post <a href="https://en.kaabtv.com/hassan-sheikh-sacks-longtime-ally-abdirisak-omar-mohamed-heres-why/">Hassan Sheikh Sacks Longtime Ally Abdirisak Omar Mohamed: Here’s Why</a> appeared first on <a href="https://en.kaabtv.com">Kaab TV</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-pm-slice="0 0 []">MOGADISHU (Kaab TV) &#8211; It was a long and tense night at Villa <a href="https://en.kaabtv.com/search-across-states-u-s-hunts-somali-born-citizen-for-fraud/">Somalia</a> on Saturday as negotiations dragged past midnight in a final attempt to reconcile President Hassan Sheikh Mohamud and his longtime ally, Abdirisak Omar Mohamed, the Minister of Petroleum and Mineral Resources.</p>
<p data-pm-slice="0 0 []">For months, their disagreements had remained hidden from the public, but by the week’s end, their feud had become impossible to contain.</p>
<p>At the center of their conflict were lucrative oil and gas exploration contracts, involving millions of dollars and foreign companies, including entities from Turkey.</p>
<p>President Mohamud accused Abdirisak of misappropriating funds from these deals, alleging that over $10 million received in 2022 and $8 million in 2023 were mishandled.</p>
<p>While Abdirisak did not deny the accusations, sources close to the president revealed that he had initially shared a portion of the proceeds with Mohamud but later began keeping the funds for himself &#8211; mostly in overseas bank accounts.</p>
<p>Efforts to mediate the crisis were spearheaded by Prime Minister Hamza Abdi Barre and other key figures, including Minister of Planning Mohamud Beene Beene.</p>
<p>Both sought a resolution that would preserve the relationship between the two men. However, President Mohamud was unyielding, insisting that Abdirisak, who is also a Member of Parliament from the Hiiraan region, be removed from his cabinet post as punishment for what he viewed as betrayal.</p>
<p>By early Sunday, President Mohamud instructed the prime minister to announce a cabinet <strong><a href="https://kaabtv.com/xamse-oo-isku-shaadheyn-iyo-magacaabis-ku-sameeyey-golihiisa-wasiiradda/" target="_blank" rel="noopener">reshuffle</a></strong>. By midday, Abdirisak’s dismissal was formalized, marking the end of his tenure as Minister of Petroleum and Mineral Resources.</p>
<h3><strong>Mini reshuffle</strong></h3>
<p>The reshuffle brought significant changes. Abdirisak was replaced by Dahir Shire Mohamed, who now oversees the Ministry of Petroleum and Mineral Resources.</p>
<p>General Bashir Mohamed Jama (Goobe), who faced <strong><a href="https://hornobserver.com/articles/2873/Women-MPs-and-Rights-Activists-Condemn-Generals-Takeover-of-the-Ministry-of-Women" target="_blank" rel="noopener">criticism</a></strong> during his time as Minister of Women and Human Rights, was reassigned as Minister of Environment and Climate Change.</p>
<p>Meanwhile, Khadija Al-Makhsumi, a Member of Parliament and the wife of Abdikarin Hussein Guled, a close associate of president Mohamud, was appointed as Minister of Family and Human Rights.</p>
<p>Following his dismissal, Abdirisak <strong><a href="https://en.kaabtv.com/shortly-after-dismissal-somalias-petroleum-minister-criticizes-president-hassan-sheikh/" target="_blank" rel="noopener">issued</a></strong> a statement on social media, citing differences with the government over addressing grievances in Hiiraan and tensions with the HirShabelle administration.</p>
<p>“People may wonder why my dismissal occurred now, despite my close ties with the President. The decision stems from disagreements on resolving the longstanding grievances of the people of Hiiraan toward HirShabelle’s leadership,” he wrote.</p>
<p>Abdirisak also referenced unresolved disputes dating back to HirShabelle’s formation, including the designation of its capital and parliamentary representation.</p>
<h3 data-pm-slice="1 1 []"><strong>The end of the political journey</strong></h3>
<p>Abdirisak’s political journey is closely tied to President Mohamud. A Somali-Canadian and a former taxi driver from Ottawa, Canada, he rose to prominence as one of Mohamud&#8217;s most trusted allies.</p>
<p>He first served in president Mohamud&#8217;s cabinet as Minister of Security during the 2012–2016 term.</p>
<figure id="attachment_9324" aria-describedby="caption-attachment-9324" style="width: 2048px" class="wp-caption aligncenter"><a href="https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey.webp"><img fetchpriority="high" decoding="async" class="wp-image-9324 size-full" title="In March 2024, Abdirisak Omar Mohamed signed oil exploration contract with Turkey." src="https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey.webp" alt="In March 2024, Abdirisak Omar Mohamed signed oil exploration contract with Turkey." width="2048" height="1328" srcset="https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey.webp 2048w, https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey-300x195.webp 300w, https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey-1024x664.webp 1024w, https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey-768x498.webp 768w, https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey-1536x996.webp 1536w, https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey-648x420.webp 648w, https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey-150x97.webp 150w, https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey-696x451.webp 696w, https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey-1068x693.webp 1068w, https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey-1920x1245.webp 1920w" sizes="(max-width: 2048px) 100vw, 2048px" /></a><figcaption id="caption-attachment-9324" class="wp-caption-text">In March 2024, Abdirisak Omar Mohamed signed oil exploration contract with Turkey.</figcaption></figure>
<p>Their relationship was not built on educational or professional connections but on familial ties—Abdirisak comes from the family of president Mohamud&#8217;s mother.</p>
<p>When Mohamud returned to office in May 2022, Abdirisak secured the petroleum ministry after reportedly promising to share the profits from oil and gas contracts with the president.</p>
<p>Allegations suggest that Mohamud&#8217;s first wife was also involved in managing these deals.</p>
<p>Now, with their alliance fractured and Abdirisak removed, questions linger over what will become of the millions of dollars allegedly lost.</p>
<p>In <a href="https://en.kaabtv.com/search-across-states-u-s-hunts-somali-born-citizen-for-fraud/">Somalia</a>, corruption rarely leads to accountability. Instead, power dynamics shift, and the cycle continues.</p>
<p>For the new Minister of Petroleum, Dahir Shire Mohamed, the message is clear: any future funds must be fully surrendered to the president and his influential first lady.</p>
<p>As for Abdirisak, only time will tell whether this marks the end of his political career or merely a temporary setback.</p>
<p>For now, his fall from grace serves as another reminder of the pervasive corruption that continues to define Somali politics.</p>
<p>The post <a href="https://en.kaabtv.com/hassan-sheikh-sacks-longtime-ally-abdirisak-omar-mohamed-heres-why/">Hassan Sheikh Sacks Longtime Ally Abdirisak Omar Mohamed: Here’s Why</a> appeared first on <a href="https://en.kaabtv.com">Kaab TV</a>.</p>
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		<media:thumbnail url="https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey-150x150.webp" />
		<media:content url="https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey.webp" medium="image">
			<media:title type="html">Abdirisak signed oil contract with Turkey</media:title>
			<media:description type="html">In March 2024, Abdirisak Omar Mohamed signed oil exploration contract with Turkey.</media:description>
			<media:thumbnail url="https://en.kaabtv.com/wp-content/uploads/2024/12/Abdirisak-signed-oil-contract-with-Turkey-150x150.webp" />
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		<title>Shortly After Dismissal, Somalia&#8217;s Petroleum Minister Criticizes President Hassan Sheikh</title>
		<link>https://en.kaabtv.com/shortly-after-dismissal-somalias-petroleum-minister-criticizes-president-hassan-sheikh/</link>
		
		<dc:creator><![CDATA[Kaab TV News Editor]]></dc:creator>
		<pubDate>Sun, 22 Dec 2024 18:41:35 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Special Report]]></category>
		<category><![CDATA[Trending]]></category>
		<category><![CDATA[Hassan Sheikh Mohamud]]></category>
		<category><![CDATA[Hiiraan]]></category>
		<category><![CDATA[Hirshabelle]]></category>
		<category><![CDATA[Oil and Gas]]></category>
		<category><![CDATA[Petroleum]]></category>
		<category><![CDATA[Somalia]]></category>
		<guid isPermaLink="false">https://en.kaabtv.com/?p=9317</guid>

					<description><![CDATA[<p>MOGADISHU (Kaab TV) &#8211; Somalia&#8217;s Minister of Petroleum and Mineral Resources, Abdirizak Omar Mohamed, has been removed from his position in a minor cabinet reshuffle announced by Prime Minister Hamza Abdi Barre. The reshuffle affected several key ministers and comes amid internal disagreements within the administration. Abdirizak, a former Canadian taxi driver, was regarded as [&#8230;]</p>
<p>The post <a href="https://en.kaabtv.com/shortly-after-dismissal-somalias-petroleum-minister-criticizes-president-hassan-sheikh/">Shortly After Dismissal, Somalia&#8217;s Petroleum Minister Criticizes President Hassan Sheikh</a> appeared first on <a href="https://en.kaabtv.com">Kaab TV</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>MOGADISHU (Kaab TV) – Somalia’s Minister of Petroleum and Mineral Resources, Abdirizak Omar Mohamed, has been removed from his position in a minor cabinet reshuffle announced by Prime Minister Hamza Abdi Barre.</p>
<p>The <strong><a href="https://kaabtv.com/wasiirkii-batroolka-df-soomaaliya-ee-maanta-xilka-laga-qaaday-oo-afka-furtay/" target="_blank" rel="noopener">reshuffle</a></strong> affected several key ministers and comes amid internal disagreements within the administration.</p>
<div>Abdirizak, a former Canadian taxi driver, was regarded as one of President Hassan Sheikh Mohamud’s closest allies. He has been replaced by Dahir Shire Mohamed, who now takes over the Ministry of Petroleum and Mineral Resources.</div>
<div></div>
<p>In another significant change, Military General Bashir Mohamed Jama (Goobe), who faced criticism during his tenure as Minister of Women and Human Rights, has been reassigned as Minister of Environment and Climate Change.</p>
<p>This follows public outcry and protests from women’s groups over his take over of the women’s ministry.</p>
<figure id="attachment_9319" aria-describedby="caption-attachment-9319" style="width: 2048px" class="wp-caption aligncenter"><a href="https://en.kaabtv.com/wp-content/uploads/2024/12/471222585_946141324281681_7146650625706857144_n.jpg"><img decoding="async" class="wp-image-9319 size-full" src="https://en.kaabtv.com/wp-content/uploads/2024/12/471222585_946141324281681_7146650625706857144_n.jpg" alt="Abdirizak Omar has been replaced by Dahir Shire Mohamed (above), who now takes over the Ministry of Petroleum and Mineral Resources." width="2048" height="2006" srcset="https://en.kaabtv.com/wp-content/uploads/2024/12/471222585_946141324281681_7146650625706857144_n.jpg 2048w, https://en.kaabtv.com/wp-content/uploads/2024/12/471222585_946141324281681_7146650625706857144_n-300x294.jpg 300w, https://en.kaabtv.com/wp-content/uploads/2024/12/471222585_946141324281681_7146650625706857144_n-1024x1003.jpg 1024w, https://en.kaabtv.com/wp-content/uploads/2024/12/471222585_946141324281681_7146650625706857144_n-768x752.jpg 768w, https://en.kaabtv.com/wp-content/uploads/2024/12/471222585_946141324281681_7146650625706857144_n-1536x1505.jpg 1536w, https://en.kaabtv.com/wp-content/uploads/2024/12/471222585_946141324281681_7146650625706857144_n-429x420.jpg 429w, https://en.kaabtv.com/wp-content/uploads/2024/12/471222585_946141324281681_7146650625706857144_n-150x147.jpg 150w, https://en.kaabtv.com/wp-content/uploads/2024/12/471222585_946141324281681_7146650625706857144_n-696x682.jpg 696w, https://en.kaabtv.com/wp-content/uploads/2024/12/471222585_946141324281681_7146650625706857144_n-1068x1046.jpg 1068w, https://en.kaabtv.com/wp-content/uploads/2024/12/471222585_946141324281681_7146650625706857144_n-1920x1881.jpg 1920w" sizes="(max-width: 2048px) 100vw, 2048px" /></a><figcaption id="caption-attachment-9319" class="wp-caption-text">Abdirizak Omar has been replaced by Dahir Shire Mohamed (above), who now takes over the Ministry of Petroleum and Mineral Resources.</figcaption></figure>
<p>Khadija Al-Makhsumi, a Member of Parliament and a wife to Abdikarin Hussein Guled who is a close business partner of President Hassan Sheikh, has been re-assigned to lead the Ministry of Family and Human Rights.</p>
<p>Osman Ahmed Ma’ow has also been named as the State Minister of Energy and Water.</p>
<h3><strong>Abdirizak Responds to Dismissal</strong></h3>
<p>Following his dismissal, Abdirizak Omar Mohamed issued a detailed statement on social media, citing differences with the government over how to address grievances in his region of Hiiraan and the HirShabelle administration.</p>
<p>“People may wonder why my dismissal occurred now, especially given my close ties with the President. The decision stems from disagreements on resolving the longstanding grievances of the people of Hiiraan toward HirShabelle&#8217;s leadership,” Abdirizak said in his statement.</p>
<p>He highlighted disputes dating back to HirShabelle&#8217;s formation, including issues surrounding the designation of its capital and parliamentary representation.</p>
<p><a href="https://en.kaabtv.com/wp-content/uploads/2024/12/Screenshot-2024-12-22-at-5.50.52 PM.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-9320 size-full" src="https://en.kaabtv.com/wp-content/uploads/2024/12/Screenshot-2024-12-22-at-5.50.52 PM.png" alt="" width="1058" height="1158" srcset="https://en.kaabtv.com/wp-content/uploads/2024/12/Screenshot-2024-12-22-at-5.50.52 PM.png 1058w, https://en.kaabtv.com/wp-content/uploads/2024/12/Screenshot-2024-12-22-at-5.50.52 PM-274x300.png 274w, https://en.kaabtv.com/wp-content/uploads/2024/12/Screenshot-2024-12-22-at-5.50.52 PM-936x1024.png 936w, https://en.kaabtv.com/wp-content/uploads/2024/12/Screenshot-2024-12-22-at-5.50.52 PM-768x841.png 768w, https://en.kaabtv.com/wp-content/uploads/2024/12/Screenshot-2024-12-22-at-5.50.52 PM-384x420.png 384w, https://en.kaabtv.com/wp-content/uploads/2024/12/Screenshot-2024-12-22-at-5.50.52 PM-150x164.png 150w, https://en.kaabtv.com/wp-content/uploads/2024/12/Screenshot-2024-12-22-at-5.50.52 PM-300x328.png 300w, https://en.kaabtv.com/wp-content/uploads/2024/12/Screenshot-2024-12-22-at-5.50.52 PM-696x762.png 696w" sizes="auto, (max-width: 1058px) 100vw, 1058px" /></a></p>
<p>While Abdirizak advocated for reconciliation involving elders, religious leaders, and politicians from both regions under HirShabelle, he claimed his approach was rejected by HirShabelle leaders, the intelligence chief, and the President.</p>
<p>“My proposal for a new framework to address these grievances, including reconciliation and discussions on HirShabelle’s future, was not supported. This ultimately led to my removal,” he added.</p>
<p>The reshuffle has sparked widespread debate, with some questioning the timing of Abdirizak’s remarks and their implications for the already fragile political situation in HirShabelle.</p>
<p>Abdirizak also involved in various controversial oil and gas contracts with foreign companies that are yet to be presented to the parliament.</p>
<p>The post <a href="https://en.kaabtv.com/shortly-after-dismissal-somalias-petroleum-minister-criticizes-president-hassan-sheikh/">Shortly After Dismissal, Somalia&#8217;s Petroleum Minister Criticizes President Hassan Sheikh</a> appeared first on <a href="https://en.kaabtv.com">Kaab TV</a>.</p>
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			<media:title type="html">Abdirizak Omar has been replaced by Dahir Shire Mohamed (above), who now takes over the Ministry of Petroleum and Mineral Resources.</media:title>
			<media:description type="html">Abdirizak Omar has been replaced by Dahir Shire Mohamed (above), who now takes over the Ministry of Petroleum and Mineral Resources.</media:description>
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			<media:title type="html">Screenshot 2024-12-22 at 5.50.52 PM</media:title>
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