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Sudan, one of the world's most impoverished countries, has been ravaged by a civil war that began in 2023. The conflict, driven by a power struggle between the army and the paramilitary Rapid Support Forces (RSF), has left the nation unrecognizable. Over 40,000 people have been killed, and about 14 million – a quarter of the population – have been forced to flee their homes. Civilian infrastructure across the country has been extensively damaged.“We are not just facing a crisis – we are witnessing the systematic erosion of a country’s future,” Luca Renda, the United Nations Development Programme’s (UNDP’s) resident representative in Sudan, told Al Jazeera. A report by the UNDP and the Institute for Security Studies highlights the scale of Sudan’s economic collapse. Even under the most optimistic scenario of peace being achieved in 2026, Sudan would still lose an estimated $18.8 billion in gross domestic product (GDP) by 2043.The war has had a devastating impact on Sudan's infrastructure and basic services. $6.4 billion was lost in GDP in 2023 alone, reflecting a simultaneous collapse across all major parts of Sudan’s economy. The destruction of infrastructure has triggered displacement and made it difficult for people to secure adequate housing or access basic services. Up to 40 percent of power generation capacity has been lost, and key water infrastructure has been destroyed or seized, cutting communities off from clean water and sanitation.The labor market has also been severely affected, with agriculture – once the backbone of Sudan’s economy – severely hit. Cultivated land has shrunk, adversely impacting rural livelihoods. Average incomes have fallen back to levels last seen in 1992. About 90 percent of manufacturing activity has been destroyed in key economic hubs, eliminating thousands of jobs.The oil industry has suffered significantly, with oil output falling amid widespread instability and infrastructure damage. The Khartoum refinery, which previously processed up to 100,000 barrels per day, has been out of operation since July 2023. Key infrastructure, including pipeline routes carrying crude to Port Sudan, has been hit.The collapse of the Sudanese pound and supply chains has caused a sharp rise in living costs. Food prices have surged, with four pieces of bread now costing about 1,000 pounds, an amount that had previously bought six pieces. Wages have failed to catch up with inflation, leaving many households without access to necessities. Nearly half the population is now experiencing acute food shortages.The economic collapse has had a profound impact on Sudan's people, with 34 million people in need of assistance and 19 million facing acute food shortages. The war has caused death, trauma, and profound loss, casting a long shadow over Sudan’s future and dimming the prospects of a generation whose lives are being shaped by violence. If the conflict continues to 2030, Sudan’s economy in 2043 would be about $34.5 billion smaller than it would have been without the war, and GDP per capita would drop by roughly $1,700.

The prospect of a renewed U.S. oil blockade has sparked concerns across Havana’s tobacco fields, where the cigar industry remains a cultural and economic cornerstone. Analysts warn that restricting oil supplies could disrupt the energy‑intensive processes essential for curing, rolling, and transporting premium cigars, potentially undermining production volumes and export revenues. Cuba’s cigar sector accounts for a significant share of the island’s foreign‑exchange earnings, with premium brands commanding premium prices in markets worldwide. A sustained energy shortage would not only raise operational costs but could also force producers to scale back output or seek alternative, less efficient energy sources, eroding the competitive edge that Cuban cigars have long enjoyed. Beyond the immediate economic impact, the blockade could deepen existing tensions in U.S.-Cuba relations. The move may be interpreted as a strategic lever to pressure the Cuban government, yet it also risks alienating stakeholders in the global tobacco trade and could invite retaliatory measures. While the full extent of the blockade’s effect remains uncertain, experts stress that any disruption to the cigar supply chain would reverberate through related sectors—tourism, agriculture, and logistics—exacerbating the island’s broader fiscal challenges. Policymakers on both sides are therefore urged to weigh the economic costs against geopolitical objectives before implementing such a measure.

President Donald Trump declared that the war with Iran is "very close to over," even as Washington maintains a naval blockade of the strategic Strait of Hormuz. In Washington, D.C., Israeli and Lebanese ambassadors convened for uncommon direct talks, seeking a cease‑fire while Israel pressed for Hezbollah’s disarmament. Trump also hinted at a possible second round of negotiations with Tehran, suggesting talks could resume in Pakistan within days. The United States, however, is set to let a temporary sanctions waiver on stranded Iranian oil expire, tightening economic pressure on Tehran. The International Committee of the Red Cross and Red Crescent Societies delivered its first shipment of medical supplies and humanitarian aid into Iran since hostilities began, offering a modest lifeline to civilians. Inside Tehran, minor explosions caused limited damage and injuries, underscoring ongoing instability. Iran estimates its war‑related losses at $270 billion and plans to seek reparations. On the diplomatic front, the United Nations' IAEA chief Rafael Grossi noted that the duration of any uranium‑enrichment moratorium would be a political decision, reflecting the delicate balance of future negotiations. In the United States, the Senate is poised to vote as early as Wednesday on a Democratic initiative to restrict the president’s war powers, signaling growing congressional scrutiny of the conflict. Former defence official David Sedney warned that the Hormuz blockade is backfiring, increasing pressure on Washington as global trade routes are disrupted and domestic support wanes. Meanwhile, CENTCOM Commander Admiral Brad Cooper affirmed that the blockade of Iranian ports is fully operational and that U.S. forces retain maritime superiority in the region. President Trump publicly rebuked Italy’s Prime Minister Giorgia Meloni for not joining U.S. actions against Iran, describing her stance as lacking courage. U.S. Treasury Secretary Scott Bessent announced that American forces will intercept Chinese tankers carrying Iranian oil through the Hormuz Strait, effectively cutting off Iran’s oil exports while allowing non‑Iranian cargo to pass. Israel has proposed a long‑term troop presence extending up to 8 km into southern Lebanon until Hezbollah is dismantled, and continues air strikes aimed at encircling the strategic town of Bint Jbeil. Former U.S. Assistant Secretary of State Jeffrey Feltman highlighted a growing divergence between U.S. and Israeli priorities, noting Israel’s heightened concern over Iran’s ballistic‑missile program. In Lebanon, Israeli raids have resulted in multiple civilian casualties, with reports of villages being razed in a manner likened to Gaza. Hezbollah has rejected the ongoing Israel‑Lebanon talks, while public opinion remains split between hopes for peace and opposition to negotiations. The International Monetary Fund warned that any further escalation could push the global economy toward recession. It cut its 2026 growth forecast for the Middle East and North Africa to 1.1 % from 3.9 %, citing disruptions to Gulf oil and gas exports. On the markets, stock indices rose while oil prices slipped, reflecting renewed optimism for a diplomatic resolution and the reopening of the Hormuz Strait.

The US military has announced that its blockade of Iranian ports has been 'fully implemented,' resulting in a complete halt to economic trade entering and leaving Iran by sea. According to US Central Command (CENTCOM), the blockade is being enforced against vessels of all nations 'entering or leaving coastal areas or ports in Iran.'In a statement, CENTCOM Commander Admiral Brad Cooper said that an estimated 90% of Iran's economy is fueled by international trade by sea. He noted that within 36 hours of the blockade's implementation, US forces had completely halted economic trade going into and out of Iran by sea. The operation involves over 10,000 sailors, Marines, and US Air Force personnel.In the first 24 hours, six merchant ships complied with US orders to turn around and re-enter an Iranian port. Additionally, a US Navy destroyer interdicted two oil tankers attempting to leave Iran, instructing them to turn around. The blockade, which went into effect on Monday at 10am in Washington, DC (14:00 GMT), has had a significant impact on global oil prices, which jumped above $100 per barrel before easing on hopes of further talks between the US and Iran.The blockade is seen as a move by US President Donald Trump to force officials in Tehran to accept Washington's terms for ending the conflict. However, Tehran considers the blockade a violation of the ceasefire, which could complicate the situation. Analysts suggest that the US may be hinting at renewed peace talks to ease the shock of the blockade on the global oil market.

Tehran has issued an uncompromising demand for $270 billion in reparations for the devastation wrought by United States and Israeli strikes since the war began on 28 February. The figure, disclosed by government spokeswoman Fatemeh Mohajerani in an interview with Russia’s RIA Novosti, aggregates both direct and indirect losses across a wide range of sectors. Iran’s UN envoy asserted that five regional states must contribute to the compensation, alleging that their territories served as launchpads for attacks on Iranian soil. In parallel, Tehran floated a Strait of Hormuz protocol that would levy a tax on vessels transiting the strategic waterway, earmarking the proceeds for reconstruction. The war has battered Iran’s critical infrastructure: oil and gas complexes, petrochemical plants, steel and aluminium factories, as well as military installations have been repeatedly struck. Damage extends to bridges, ports, railways, universities, research centres, power stations and desalination plants, while countless hospitals, schools and civilian homes have been either damaged or razed. In the aviation sector, Maghsoud Asadi Samani, secretary of the Association of Iranian Airlines, reported that 60 civilian aircraft have been rendered inoperable, with 20 completely destroyed. Iran now operates roughly 160 passenger planes, many of which are decades old and suffer from parts shortages due to stringent US sanctions. The airline industry estimates losses exceeding 300 trillion rials (≈ $190 million) over just 40 days of conflict, compounded by the loss of anticipated revenue from the Nowruz holiday period. Despite the extensive damage, Iranian officials have signalled no willingness to make major concessions in forthcoming negotiations with Washington, including on nuclear enrichment. Hard‑line parliament spokesman Ebrahim Rezaei warned that extending the recent two‑week ceasefire would merely allow the US and Israel to replenish their arsenals, urging the United States to either recognise Iran’s rights—particularly over the Strait of Hormuz—or return to hostilities. Financially, Iran allocated close to $8 billion to its military in 2024, according to SIPRI, and has pledged to triple that budget following previous missile exchanges with Israel. Yet the economy remains strained by years of sanctions, mismanagement and corruption. Compounding the economic strain, the government‑imposed near‑total internet shutdown—affecting over 90 million users—has been estimated to cost the nation up to $80 million per day. Afshin Kolahi of the Iran Chamber of Commerce warned that the blackout equates to losing the output of four B1‑class bridges and two medium‑capacity power plants each day. While a limited “Internet Pro” service is being offered to select users, the majority of the population remains confined to a state‑controlled intranet, prompting widespread calls for internet freedom. These intertwined military, economic and digital pressures underscore the high stakes of the anticipated US‑Iran talks, with Tehran demanding acknowledgment of its losses and a pathway to rebuild a war‑torn nation.

Chinese President Xi Jinping has met with Russian Foreign Minister Sergey Lavrov, calling for closer and stronger strategic coordination between Beijing and Moscow. The meeting took place in the Great Hall of the People in Beijing, where Xi emphasized the need to firmly defend their legitimate interests and safeguard the unity of Global South countries.Xi described the stability and certainty of China-Russia relations as particularly precious in an international landscape marked by change and chaos. This comes as the world faces growing fears over the shutdown of the Strait of Hormuz, which could trigger a global food crisis as critical fertiliser and fuel exports are blocked.Lavrov told a news conference after meeting Xi that Moscow could compensate for China’s energy shortages as shipping through the strait remains choked. China and Russia are not formal military allies but maintain extremely close economic and political ties, with Xi signing a 'no limits' strategic partnership with President Vladimir Putin in 2022.The visit by Lavrov to Beijing this week also included meetings with other leaders, such as Spanish Prime Minister Pedro Sanchez, Abu Dhabi’s Crown Prince Mohamed bin Zayed Al Nahyan, and Vietnamese leader To Lam. In talks with Sanchez, Xi warned that the world was facing 'chaos and turmoil' and 'a contest between justice and force', urging closer cooperation.

Venezuela's interim President Delcy Rodriguez has urged the United States to remove the sanctions that have severely impacted the country's economy. Her comments come after the US Treasury Department announced new licenses allowing transactions with certain Venezuelan banks and individuals. However, Rodriguez argues that these measures are insufficient to help Venezuela overcome its economic crisis. She believes that a complete removal of sanctions is necessary to provide legal certainty to investors and foster sustained economic growth. “We reiterate the need to advance towards a Venezuela free of sanctions, as a means of providing institutional legal certainty to investors coming to our country – a setting where they are guaranteed sustained investment over time and a forward-looking perspective,” Rodriguez stated on social media. The Venezuelan government has been facing protests from workers demanding higher wages and better pensions, amid frustration over the country's sluggish economy. Rodriguez's administration has sought to cooperate with US President Donald Trump's demands, including opening Venezuela to foreign investment and loosening restrictions on oil exploration and mining. Since Maduro's removal, the US has moved to tighten relations with Venezuela, reopening its embassy in Caracas and gradually easing sanctions on certain sectors, including the oil industry. The US currently approves all Venezuelan oil sales abroad, with the proceeds placed in a US-controlled bank account. Rodriguez has pledged to address concerns over workers' wages on May 1, a day commonly associated with labor rights. She has also expressed interest in hearing from energy executives about potential projects in Venezuela and changes to regulation.

The US Congress is embroiled in a heated debate over the renewal of Section 702 of the Foreign Intelligence Surveillance Act (FISA), a law that grants the US government sweeping powers for warrantless surveillance. The law is set to expire on April 20, and lawmakers are divided over whether to reform it or extend it without changes.A coalition of progressive Democrats and far-right Republicans is pushing for reforms, while others are advocating for an 18-month renewal with no changes, in line with Donald Trump's demands. House GOP leaders delayed a procedural vote on a clean extension of Section 702 after the chamber's rules committee approved the measure, amid dissent from privacy advocates within their own party.Section 702 allows national security agencies to collect and review texts and emails sent to and from foreigners living outside the country without a warrant. If Americans are communicating with a non-American target living abroad, their communications can also be swept in. The law includes a provision that notes it will expire without periodically being reauthorized.Intelligence agencies have argued that a warrant requirement would be too burdensome, while privacy advocates argue that the law has been abused and that a warrant requirement is necessary to protect Americans' rights. The FBI has made 7,413 queries about Americans under Section 702 last year, according to the Department of Justice.The Foreign Intelligence Surveillance Court has expressed concerns about compliance problems with the FBI's querying procedures under Section 702, stating that they have been 'persistent and widespread.' The court's concerns highlight the need for greater oversight and reform of the law.The renewal of Section 702 comes as the Trump administration appears to be widening its surveillance arsenal, with the FBI resuming its purchase of sensitive location data to bypass warrant requirements. Privacy advocates are pushing for a warrant requirement, citing concerns about mass surveillance and the potential for abuse of power.

Wall Street climbed to a fresh all‑time high on Wednesday as investor confidence rose on the prospect that the US‑Israel war with Iran could soon end.The benchmark S&P 500 closed at 7,022.95, breaking the 7,000‑point barrier for the first time and posting a 0.8% gain. The tech‑heavy Nasdaq surged 1.6% to 24,016.02, also a record, while the Dow Jones Industrial Average remained broadly flat.This rally has erased the steep losses recorded during the early weeks of the conflict, buoyed by the two‑week cease‑fire deal announced last week between the United States and Iran.In a Wednesday interview, former President Donald Trump told Fox Business the war was “very close to over,” a statement that lifted trader sentiment.The White House later clarified it had not requested an extension to the cease‑fire, which is set to expire on 22 April, but said negotiations were “productive and ongoing.”Quarterly earnings from Bank of America and Morgan Stanley beat market estimates, reinforcing confidence in the economy. Bank of America CEO Brian Moynihan highlighted strong consumer spending, improving credit quality, and increased corporate line usage.Despite reports that the United States is preparing a naval blockade of the Strait of Hormuz—a chokepoint for roughly a fifth of the world’s oil and gas shipments—the markets stayed upbeat. The Pentagon has deployed 15 warships and thousands of service members to enforce the restriction.Oil markets reacted positively to the cease‑fire news, with Brent crude falling about 10% to around $95 a barrel, though this price remains roughly 35% above pre‑conflict levels.