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London Jewish Museum to close indefinitely and look for new location
LONDON (JTA) — London’s Jewish Museum is to close indefinitely next month and begin hunting for a new home for its collection of 40,000 objects, one of the largest of its kind in Europe.
The rising costs of maintaining its current premises in northwest London and a difficult fundraising environment exacerbated an already precarious financial situation for the museum, its chairman Nick Viner told the Jewish Telegraphic Agency. The Jewish Museum intends to close its doors at the end of June and be out of its current building on Albert Street by the end of the year.
Viner said that the museum had been working on a “vision for the future” that would have seen it move to a building better tailored to the institution’s needs, but that the board had decided that it was no longer possible to make that transition seamlessly.
“We realized that it wasn’t possible to fund the ongoing museum, where the costs were going up significantly, and to focus on a future,” he explained. “We decided that we would pause — move out of the building, sell it, and use the funds to help us over the next period, so that we can continue to operate in a transition mode.”
The Jewish Museum, which had been struggling even prior to COVID-19, was forced into restructuring and layoffs during the pandemic, and it pivoted heavily towards educational programs.
Those programs will continue, and the museum also intends to operate temporary exhibitions in smaller spaces around London, while the rest of the collection is put in storage or loaned temporarily to other institutions.
“There is an opportunity to have parts of the collection that haven’t been seen be accessible to people in different parts of the country, which could be very exciting,” Viner said. “We are just starting to look at how it would work practically, and whether others can house parts of the collection safely.”
Among the rare objects that risk slipping out of view are the oldest Hanukkah menorah made in Britain, which has been displayed since the museum was founded in 1932, and a 17th-century Venetian synagogue ark. The Jewish Museum also houses collections from the Jewish Military Museum, the United Synagogue and the Jewish Historical Society.
But the institution’s small building meant that only 5% of its objects were displayed. It has historically also had a smaller profile than its counterparts on the continent, which operate largely based on public funding and have become more firmly entrenched on both Jewish and non-Jewish tourists trails and local cultural scenes.
“We are very conscious that the U.K. has the second largest Jewish community in Europe and that London’s museum is both very small and a very different kind of space from some of the great Jewish museums around Europe,” said Viner. “We feel that we have so many fantastic stories to tell and so much to show that we ought to have a museum that reflects that, but it will only work if the community is ultimately supportive.”
The museum will have to rely heavily on donors within the Jewish community to ensure its long-term future, as funds from the Arts Council England, a British government-funded body, are insufficient on their own to ensure its sustainability.
Recent records show that in the twelve months up to March 2022, the revenue of the Jewish Museum was hovering at just over a third of pre-COVID levels. The museum was granted National Portfolio status by Arts Council England last year, a label that provides it with a stream of over $280,000 a year until 2026. It had previously received an injection of over $1 million by the Arts Council during the pandemic.
“There is always a risk when you don’t have the fundraising that you cannot continue,” added Viner, who said that it was still uncertain how much the Jewish Museum was looking to raise. “There are different models. It could be a very significant amount, or it can be smaller depending on the scale and the nature of the [future] building. I wouldn’t want to put a future on it.”
While there is currently no specific location in mind for a future site, there is an understanding that an area with more foot traffic is vital. The current site, on a side street, is unlikely to be noticed by many curious tourists or long-time Jewish residents of London. There is also a hope that any future site, whether newly built or purchased, would have outdoor space and permit greater flexibility than the Albert Street building.
The Jewish Museum moved to Camden in 1994. Its current home has been the same since 2010, when it purchased a former piano factory behind the site and remodeled and combined the buildings.
The museum, which had previously put on widely acclaimed exhibitions on Amy Winehouse, Jewish cartoonists and Jewish soccer history in Britain, had also not been able to put on temporary exhibitions since the pandemic because of the cost.
“Exhibitions and work with our collection is a lot more expensive,” said Viner. “We believe that education is really important, but we also have a fantastic collection and lots of stories to tell. We need to find a way to do that too.”
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Somalia’s South West State Says It Has Severed Ties With the Federal Government
FILE PHOTO: Somalia’s presidential candidate of South West state Abdiaziz Hassan Mohamed speaks inside the Somali Parliament house in Mogadishu, Somalia April 30, 2018. Photo: REUTERS/Feisal Omar/File Photo
Somalia’s South West state said on Tuesday it was suspending all cooperation and relations with the government in Mogadishu, the latest sign of strain in the Horn of Africa country’s fragile federal system.
At a press conference, South West officials accused the federal government of arming militias and trying to unseat the state’s president, Abdiaziz Hassan Mohamed Laftagareen. Somalia’s defense and information ministers did not respond to Reuters’ requests for comment.
Disputes over constitutional changes, elections and the balance of power between Mogadishu and regional administrations repeatedly open up political fault lines in Somalia. The South West administration says relations with Mogadishu worsened after the federal government pushed through constitutional amendments opposed by some state leaders.
Travel agencies told Reuters on Tuesday that commercial flights between Mogadishu and Baidoa, the administrative capital of South West state, had been halted. Humanitarian flights, including for United Nations operations, were continuing. Baidoa, which lies about 245 km (150 miles) northwest of Mogadishu, is a politically and militarily sensitive city because it hosts federal troops, regional security forces and international humanitarian operations in a zone affected by drought, conflict and displacement.
The Mogadishu government’s relations with other states have also been fraught. Somaliland declared independence in 1991 and has long been outside Mogadishu’s control. The administration of semi-autonomous Puntland said in March 2024 it would no longer recognize the federal government until disputed constitutional amendments were approved in a nationwide referendum.
Semi-autonomous Jubbaland suspended ties with Mogadishu in November 2024 in a dispute over regional elections.
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Report: Iran Sees Control of Strait of Hormuz as Victory Over US, Israel
An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. Photo: REUTERS/Benoit Tessier/File Photo
i24 News – Iran is showing no indication it is ready to end the war with the United States and Israel, as officials say Tehran is relying on its control over the Strait of Hormuz to increase global economic pressure and strengthen its position.
According to regional officials cited by The Washington Post, Iran is rejecting diplomatic efforts to identify an off-ramp and instead escalating attacks on neighboring countries. An Iranian diplomat said the strategy is to “make this aggression super expensive for the aggressors,” as Tehran faces sustained military pressure.
The Strait of Hormuz remains central to Iran’s calculations. The waterway carries roughly one-fifth of global fuel shipments, and its partial closure has disrupted energy markets. US President Donald Trump issued a 48-hour deadline for Iran to reopen the route, warning of further escalation if it does not comply.
Iranian officials and diplomats said the leadership views its ability to maintain pressure through the strait as a short-term success, even as infrastructure damage mounts. “They don’t feel any pressure to negotiate,” one European diplomat based in the Gulf said, adding that Iran sees its influence over oil markets as a form of leverage.
At the same time, efforts to mediate a ceasefire have so far failed. Officials from Qatar and Oman approached Iran last week, but Tehran said it would only engage if US and Israeli strikes stopped first. An Iranian diplomat said the country would not accept a “premature ceasefire” and is seeking guarantees, including compensation and commitments to prevent future attacks.
The war has already caused significant damage. The Pentagon says more than 15,000 targets have been struck across Iran, while Iranian authorities report over 1,200 civilian deaths. The conflict has also expanded regionally, with Iranian strikes targeting energy infrastructure in Gulf states following attacks on its own facilities.
Despite mounting losses, analysts say Iran’s leadership believes prolonging the conflict could shift pressure onto Washington and its allies through rising energy prices and regional instability. “We’re still on an escalatory path,” said Alan Eyre, a former US official, adding that Tehran is attempting to “up the costs” rather than move toward negotiations.
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Persistent Iran War, Energy Price Surge Set to Sway Wavering Stocks
Stock ticker. Photo: Ahmad Ardity/Wikimedia Commons.
A Middle East crisis that has convulsed markets should remain the focal point for Wall Street in the near term, as investors stay glued to developments in Iran and the fallout from surging energy prices.
As the US-Israeli war on Iran stretches to three weeks, an over 40% jump in oil prices is driving worries about higher inflation and stagnating economic growth.
Inflationary concerns on Friday were prompting markets to rule out any equity-friendly interest rate cuts this year, which investors previously had been counting on, with futures trading instead suggesting modest chances of hikes in 2026. Federal Reserve Chair Jerome Powell expressed deep uncertainty at the US central bank’s meeting on Wednesday about how the crisis would factor into the economy, muddying its ability to forecast conditions ahead.
US stocks suffered sharp declines to end the week. The benchmark S&P 500 stock index posted its fourth straight weekly decline and hit a six-month low, while the Nasdaq Composite ended down nearly 10% below its October all-time high.
Middle East tensions escalated this week. Iran attacked energy facilities across the region following Israel’s strike on its gas field, while officials told Reuters on Friday that the US military is deploying thousands of Marines to the Middle East.
“This is a situation that’s so fluid,” said Chris Fasciano, chief market strategist at Commonwealth Financial Network. “We could have a resolution in the next week or it could go on for some time. And the longer it goes on, you start to think about the impacts it could have on the US economy.”
WATCHING OIL, STOCKS’ ‘ORDERLY’ REACTION
Swings in crude prices have rippled through asset classes. US crude settled around $98 a barrel on Friday, while Brent ended around $112. In addition to the attacks on energy infrastructure, traffic has stalled in the Strait of Hormuz, through which around a fifth of the world’s crude oil and liquefied natural gas normally passes.
The 20-day correlation between the S&P 500 and US crude stood at -0.89 late on Friday, according to LSEG data, a strong inverse relationship that showed they have tended to move in opposite directions.
“If you’re a trader, you watch oil prices because I do think that that’s generally giving the leading indicator as to how the financial markets are viewing the outlook for the conflict,” said Eric Kuby, chief investment officer at North Star Investment Management Corp.
The S&P 500 energy sector, which includes shares of oil companies, has gained since crude prices began to spike in late February, but the group accounts for less than a 4% weight in the benchmark index.
The latest declines left the S&P 500 down 6.8% from its record closing high set in late January. The pullback has mostly lacked the chaotic quality of the abrupt equity slide last April following President Donald Trump’s “Liberation Day” tariff announcement that set off broad economic worries, Fasciano said.
“This has been fairly orderly, which I think is an encouraging sign,” Fasciano said. “And I think it’s because the underlying fundamentals for corporate America are still fairly robust and are offering some support.”
TREASURY YIELDS, MARKET TECHNICALS ALSO IN FOCUS
Fast-climbing Treasury yields, driven higher by the energy price spike and caution from global central banks, were looming as a risk factor for stocks. The benchmark 10-year Treasury yield was last at 4.38% on Friday, its highest level since last summer.
Keith Lerner, chief investment officer at Truist Advisory Services, said he was watching whether the 10-year Treasury yield sustainably rises above 4.3%, which could increase pressure on stocks, while he was also eyeing 4.5% as a key level.
“Rates going higher means borrowing costs are somewhat higher. And then that could actually slow the economy,” Lerner said. “At some point, if they keep going higher, then the relative attractiveness of (bond) yields becomes more attractive relative to equities.”
Stocks were also around key technical levels. The S&P 500 on Thursday closed below its 200-day moving average — a closely watched long-term trendline — for the first time since May. With another decline on Friday, the index ended at its lowest point since September and fell below November lows that strategists had also identified as worrisome levels.
Reports on manufacturing, services activity and consumer sentiment highlight a relatively light week ahead for US economic data. A major energy conference in Houston that will feature top global industry executives could draw Wall Street’s attention.
Events in Iran were likely to loom largest. In a note on Thursday morning, analysts at UBS Global Wealth Management said the latest developments were “pushing markets to price in a higher risk of prolonged conflict, deeper infrastructure damage and higher-for-longer crude prices.”
“While a less damaging outcome in the Strait of Hormuz remains possible, recent events have narrowed that path and heightened the risk of continued volatility,” the UBS analysts said.