disruptions

Somalia Customs Revenue Falls 40% Amid Hormuz Disruptions

Hassan Sheikh Says Trade Disruptions Are Driving Up Import Costs and Cutting Government Revenue New York (WDN) — Somalia’s customs revenue has fallen by about 40% amid disruptions around the Strait of Hormuz, President Hassan Sheikh Mohamud told the UN General Assembly on Thursday. Hassan Sheikh said Somalia’s heavy reliance on imports from the Middle...