By Asha Elmi - Reporter
NEW YORK, Sept. 24, 2026 — Disruptions in the Strait of Hormuz have contributed to an estimated 40% decline in Somalia’s customs revenue, President Hassan Sheikh Mohamud said in an address to the United Nations General Assembly on Thursday.
“The disruption has also contributed to an estimated 40% decline in our customs-based domestic revenue, a critical source of financing for Somalia’s economic reforms, growth, and poverty reduction,” Mohamud said.
Somalia depends on imports from the Middle East for much of its food and fuel, he said, and is facing rising prices and higher transport and insurance costs.
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The president did not specify the period over which revenue had fallen or provide figures underlying the estimate.
Drought linked to climate change is affecting more than 6 million people in Somalia, Mohamud said. He called for free navigation through the Strait of Hormuz to protect import-dependent economies and maintain basic services.