DAR ES SALAAM, Tanzania (AP) — Landslides triggered by heavy rainfall have killed at least 20 people in southern Tanzania in recent days, authorities said, as the death toll from across the wider East African region continues to rise.
Rainfall and high winds caused landslides that destroyed houses early Wednesday in the Mbeya region, said Jaffar Haniu, administrator for the Rungwe district where the landslides happened.
“The death toll now stands at 20,” he told reporters. “One victim is a very young child, a year and a half old."
He said meteorologists predict more rainfall in the days ahead, and urged residents of landslide-prone areas to evacuate.
In neighboring Kenya, which experiences seasonal flooding each year, at least 88 people have been killed. Flooding events have affected 21 counties and at least two rivers have burst their banks since heavy rains started earlier this month.
But the scale and intensity of the current crisis have renewed concerns about disaster preparedness and the vulnerability of communities living near rivers and flood-prone areas. The military was deployed to assist emergency rescue services.
In southern Ethiopia, at least 80 people were killed in landslides earlier in March.
Last month, the Climate Prediction and Applications Centre of a regional bloc known as IGAD said the March-May rainy season has a 45% chance of above-average rainfall across most countries in the region, with affected countries ranging from Uganda to Djibouti.
People stand behind a makeshift shelter after heavy rainfalls triggered landslides killing scores Thursday, March 26, 2026 in the Mbeya region of Tanzania Southern Highlands. (AP Photo/Cosmas Muliriye)
NEW YORK (AP) — U.S. stocks are falling Friday as Wall Street stumbles toward the finish of a fifth straight losing week, which would be its longest such streak in nearly four years.
The S&P 500 sank 0.8% in early trading, deepening its losses after falling the day before to its worst drop since the war with Iran began. The Dow Jones Industrial Average was down 402 points, or 0.9%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1% lower.
The losses are a break from Wall Street’s pattern this week, where the U.S. stock market flip-flopped from gains to losses each day as hopes rose and fell about a possible end to the war.
Moments after the U.S. stock market finished its dismal Thursday of trading, President Donald Trump offered another potential signal for hope. He extended a self-imposed deadline to “obliterate” Iran’s power plants to April 6 if it doesn’t allow oil tankers to resume their exits from the Persian Gulf to the open ocean through the Strait of Hormuz.
Oil prices pulled back briefly after Trump’s announcement in a sign of hope in financial markets that some normalcy may return to the Strait of Hormuz. But oil prices resumed their climb as the sun moved westward from Asia to Europe and back to Wall Street.
Despite Trump’s second announcement of delay this week, fighting continued in the Middle East. Iran gave no signs of backing down, while Israel threatened to “escalate and expand” its attacks on Iran.
“The diplomatic dissonance this week between the U.S. and Iran dismayed investors,” said Doug Beath, global equity strategist at Wells Fargo Investment Institute. “By the end of the week, risk appetite could not withstand the fog of war.”
“Any further statements by Trump about a deal are white noise to the markets,” Jim Bianco, president and macro strategist at Bianco Research, wrote in a social media post. “Only if the IRANIANS say the talks are going well will it impact markets.”
The price for a barrel of Brent crude rose 2.2% to $104.15 and is up from roughly $70 before the war began. Benchmark U.S. crude rose 3% to $97.28 per barrel.
The fear in financial markets is that the war will disrupt the production and transport of oil and natural gas in the Persian Gulf for a long time. It could keep so much oil and gas out of the world’s markets that it sends a punishing wave of inflation through the global economy. Not only would it raise prices for drivers buying gasoline, it could push businesses that use any trucks, ships or planes to move their products to raise their own prices.
If the war continues until the end of June, strategists at Macquarie say the price of oil could reach $200 per barrel, which would be a record.
Such worries have virtually eliminated hopes among traders that the Federal Reserve could cut interest rates this year to boost the economy. While lower rates would help give the job market and prices for investments an upward jolt, they would also risk making inflation worse.
Long-term Treasury yields rose even further in the bond market following Friday’s rise for oil prices. The yield for the 10-year Treasury climbed to 4.46% from 4.42% late Thursday and from just 3.97% before the war began.
That rise has already sent rates jumping for mortgages and for other loans taken by U.S. households and businesses, slowing the economy.
On Wall Street, most stocks fell, including four out of every five in the S&P 500.
One of the few stocks to rise was Netflix, which added 0.8% a day after announcing price hikes for its services.
In stock markets abroad, indexes fell in Europe following a mixed finish in Asia.
AP Business Writers Chan Ho-him and Matt Ott contributed.
Federico DeMarco works on the floor at the New York Stock Exchange in New York, Wednesday, March 25, 2026. (AP Photo/Seth Wenig)
Federico DeMarco, right, and Dilip Patel work on the floor at the New York Stock Exchange in New York, Wednesday, March 25, 2026. (AP Photo/Seth Wenig)
FILE - Liberia-flagged tanker Shenlong Suezmax, carrying crude oil from Saudi Arabia, that arrived clearing the Strait of Hormuz, is seen at the Mumbai Port in Mumbai, India, Thursday, March 12, 2026. (AP Photo/Rafiq Maqbool, File)
James Denaro, center, and Dilip Patel, left, work on the floor at the New York Stock Exchange in New York, Wednesday, March 25, 2026. (AP Photo/Seth Wenig)
