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World Economy Apr 03, 2026

Iran-Israel Conflict Triggers Sudden LNG Shortage for Pakistan, Turning Surplus into Crisis

The U.S.-Israel strike campaign against Iran and the ensuing retaliation have crippled Qatar's LNG …
At the start of 2026 Pakistan was sitting on a surplus of imported liquefied natural gas (LNG). Three consecutive years of falling demand – from a peak of 8.2 million tonnes in 2021 to 6.1 million tonnes by late 2025 – were driven by cheap solar panels and reduced industrial activity. The government responded by quietly selling excess cargoes abroad and shutting down domestic wells to avoid over‑pressurising pipelines. Any gas that could not be diverted would have been pushed into household networks at a loss, adding billions to the sector’s crippling debt. Everything changed on 28 February when the United States and Israel launched the "Epic Fury" operation against Iran. The strikes killed Supreme Leader Ali Khamenei and targeted missile sites, air defences and military infrastructure. Iran retaliated with hundreds of missiles and drones, choking traffic through the Strait of Hormuz – a chokepoint for roughly 20 % of global oil and gas. As part of its retaliation, Iranian drones hit Qatar’s Ras Laffan Industrial City on 2 March, the world’s largest LNG export hub. Qatar, the second‑largest LNG exporter after the United States, declared force majeure and halted all production, releasing it from contractual delivery obligations. The fallout was immediate. Qatar’s forced shutdown cut its LNG output by 17 % and disrupted the supply chain that fuels Pakistan, which sources almost all of its imported gas from Qatar and the United Arab Emirates. Pakistan’s LNG arrivals plummeted from 12 shipments in January to just two in March. Monthly cargo data from the Oil and Gas Regulatory Authority (OGRA) show that the country received between eight and twelve shipments a month through 2025, but only two arrived after the conflict began. Price pressure followed. On 13 February state‑owned Pakistan State Oil and Pakistan LNG Limited bought eight cargoes at an average of $10.47 per MMBtu (totaling $257.1 million). By 12 March the two cargoes that did arrive cost $12.49 per MMBtu – a 19 % increase in just one month. Long‑term contracts have left Pakistan with little flexibility. Two government‑to‑government agreements with Qatar, spanning 15 and 10 years, commit the country to nine shipments a month. Even as domestic demand fell – LNG’s share of Asian markets dropped from ~30 % in 2020 to ~18 % in 2025 – the contracts remained binding. Solarisation has been a double‑edged sword. By 2025 Pakistan installed 34 GW of solar capacity, with about 25 GW feeding the national grid, driving an 11 % decline in overall electricity demand between 2022 and 2025. Gas‑fired power plants built for imported LNG are now under‑utilised, especially during daylight hours. Analysts warn that the surplus was predictable. “Pakistan’s energy planning has been locked into long‑term contracts with little room for adjustment,” says Haneea Isaad of the Institute for Energy Economics and Financial Analysis (IEEFA). The resulting circular debt now stands at 3.3 trillion rupees (≈ $11 billion), and the government is negotiating to off‑load 177 unwanted shipments worth $5.6 billion through 2031. With Qatar’s LNG shipments effectively halted, the country faces a potential shortfall of more than 21 % of its power generation capacity. The National Electric Power Regulatory Authority confirmed that LNG supplies are under force majeure, while coal imports from South Africa and Indonesia continue. To mitigate the gap, Pakistan is reviving domestic gas production that had been throttled during the surplus period. Roughly 350–400 million cubic feet per day of domestic gas were previously held back for LNG imports, now being released to the grid. Nevertheless, analysts caution that even with restored domestic gas, imported coal and hydropower, “the energy shortage may persist, especially during the peak summer months.” Summer pressure is already building. The State of Industry Report 2025 recorded peak electricity demand of over 33,000 MW last summer, while winter demand sits around 15,000 MW, helped by solar generation of 9,000–10,000 MW daily. Furnace oil, the primary backup fuel, now costs 35 rupees per unit (≈ $0.12), more than double since the Strait of Hormuz disruption. Consumers with grid electricity face higher bills and possible outages; industrial users reliant on gas risk production cuts; those equipped with rooftop solar and battery storage are best insulated. “Returning to the spot market is unlikely given Pakistan’s dire financial position, and competing with wealthier nations would price the country out,” Isaad warns. “The realistic outcome may be planned load‑shedding of two to three hours daily.”
#pakistan #lng #qatarenergy
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Politics Apr 03, 2026

Cuba Grants Amnesty to Over 2,000 Inmates as U.S. Pressure Peaks During Holy Week

Cuba announced a humanitarian pardon of 2,010 prisoners during Easter Holy Week, a move timed with …
Cuba’s government declared a humanitarian amnesty for 2,010 prisoners ahead of Easter’s Holy Week, a decision it says follows a careful review of each inmate’s conduct, health, and time served. The announcement, made by state media on Thursday, represents the second such amnesty this year and the fifth large‑scale pardon since 2011, bringing the total to more than 11,000 released individuals. While Havana officially denies acting under U.S. pressure, the timing aligns with what analysts describe as the most aggressive Washington campaign against the island in decades. The move comes a day after Cuba’s top diplomat in Washington invited the United States to assist in overhauling the island’s “crippled” economy, part of ongoing talks that have yet to produce concrete outcomes. U.S. officials, including President Trump’s administration, have repeatedly called for a change of government in the communist‑run state, with the president even musing about “taking” the island. Yet recent diplomatic exchanges suggest a nuanced shift: both sides have held talks, and scholars note that the amnesty could be a tangible sign of progress, however modest. University of Miami Cuban‑studies chair Michael Bustamante told AFP, “It seems not far‑fetched to think that this is a sign that some of the conversation between both governments is advancing… To where? Unclear.” He added that the political significance will depend on the profile of those released. The Cuban presidency did not disclose the names or crimes of the pardoned individuals, but indicated the group includes young people, women, and inmates over 60 who are slated for early release within the next six to twelve months. Foreign nationals and Cuban expatriates are also among those granted clemency. Importantly, the amnesty excludes anyone convicted of murder, sexual assault, drug‑related offenses, theft, illegal livestock slaughter, or crimes against state authority. Earlier in March, the government freed 51 prisoners as a “good‑will” gesture toward the Vatican, which often mediates between Washington and Havana. The current pardon is framed as part of the “humanitarian legacy of the Revolution” and is presented as customary practice during Holy Week. The release coincides with Russia’s announcement of a second oil tanker bound for Cuba, following a recent easing of the U.S. oil blockade that allowed the first shipment. Bustamante speculated that the timing may not be coincidental, suggesting a possible link between U.S. policy shifts and Cuba’s diplomatic overtures. U.S. Secretary of State Marco Rubio, a Cuban‑American critic of Havana, reiterated on Fox News that Cuba’s economic woes cannot be solved without political reform, warning that the island faces “a lot of trouble.”
#Cuba #United States #Amnesty
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World Economy Apr 03, 2026

Billionaire fortunes surged under Trump, sparking a nationwide push for wealth‑tax measures

As billionaire wealth hit record levels during the Trump era, a growing coalition of activists, law…
Rising fortunes among the ultra‑rich under the Trump administration have ignited a wave of tax‑reform campaigns across the United States. In California, volunteers like Karen Sanchez are gathering signatures for a one‑time 5% wealth tax targeting the state’s 200‑plus billionaires to offset federal cuts to hospitals, education and food‑assistance programs.At least ten states are exploring similar measures. Washington recently enacted its first income‑tax aimed at roughly 20,000 millionaire households, while Massachusetts and Minnesota already channel wealth‑tax proceeds into preschool, K‑12 meals and transportation infrastructure.On the federal front, Senators Bernie Sanders and Representative Ro Khanna have introduced the “Make Billionaires Pay Their Fair Share Act,” proposing an annual 5% levy on billionaire net worth. Khanna argues that the ultra‑wealthy fund private health insurers, defense contractors and political campaigns, creating a stark fairness gap.Data from Oxfam shows that in the twelve months after Trump’s re‑election, billionaire fortunes grew at a rate three times faster than the average annual growth of the previous five years. Meanwhile, the federal minimum wage has remained stagnant at $7.25 for fifteen years, underscoring the widening economic divide.A Data for Progress poll released last fall found that 70% of Americans believe the economic system favours corporations and the wealthy. “People are angry and want change,” says Amy Hanauer of the Institute on Taxation and Economic Policy (ITEP), noting that activists are leveraging every level of government to seek relief.The movement draws on a two‑decade history of class‑based activism, from the Occupy Wall Street protests to Senator Sanders’ 2016 campaign that foregrounded wealth‑tax proposals. Yet inequality has deepened: CEOs of the five largest U.S. firms now earn, on average, **$52 million** annually—over a thousand times the typical worker’s salary.Political spending by billionaires has also exploded. A recent New York Times analysis reveals that billionaire contributions rose from **0.3% of campaign funds in 2008** to **19% in 2024**, amounting to more than **$3 billion** from roughly 300 ultra‑rich donors, many of whom supported candidates opposing wealth taxes, including former President Donald Trump.The war in Iran has further inflamed resentment, with the United States spending **$11.3 billion** in the first week of bombardment—far exceeding the annual budgets of agencies such as the CDC, EPA and the National Cancer Institute.Local victories are feeding the momentum. New York City’s mayoral race saw Zohran Mamdani win on a platform that includes taxing the rich to fund affordable housing, groceries and transit. Councilmember Chi Ossé led a 1,500‑person march to the state capitol, urging Governor Kathy Hochul to permit a city‑level millionaire tax, a move that now has backing from some state Democrats.Beyond New York, states like Rhode Island, Hawaii, Pennsylvania, Virginia, Illinois and New Mexico are debating various wealth‑tax mechanisms, including the popular “mansion tax” on high‑value home sales. Currently, **17 localities** have adopted such taxes, most passed between 2018 and 2023.California’s gubernatorial race has become a flashpoint. Billionaire‑backed candidates Matt Mahan and Tom Steyer are vying to replace Governor Gavin Newsom, with the tech elite—such as Sergey Brin and Joe Lonsdale—pouring money into campaigns opposing the billionaire tax. Of the 30 billionaires who have contributed to the race, **25 supported Mahan**, who has positioned himself as a staunch anti‑tax candidate.For Sanchez, the stakes are personal. The proposed tax seeks to replace **$100 billion** in federal health‑care funding cut by Trump’s “One Big Beautiful Bill Act,” which threatens hospital closures and layoffs in the nation’s fourth‑largest economy. She aims to collect **875,000 signatures** by late June to secure the initiative on the November ballot.“It’s creating a network of groups all working toward a common good,” Sanchez says, reflecting a broader sentiment that collective action could finally translate the public’s demand for fiscal fairness into concrete policy.
#california #seiu #oxfam
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Sport Apr 03, 2026

Max Ojomoh vows to ‘choose greatness’ as Bath chase Champions Cup quarter‑final while England snub looms

After earning man‑of‑the‑match honours against Argentina, Max Ojomoh was dropped from England’s Six…
Bath’s historic Farleigh House training centre has been spruced up this week with black flags fluttering alongside a new “Choose Greatness” banner, signalling the club’s ambition as they approach a Champions Cup last‑16 tie with Saracens. For Max Ojomoh, the atmosphere feels like a personal challenge. Just weeks after collecting the Man of the Match award for his decisive performance against Argentina, the 25‑year‑old found himself omitted from Steve Borthwick’s Six Nations squad. Ojomoh believes that a dominant display for Bath – especially after the 62‑15 demolition of Saracens in the Premiership – could revive his England prospects, but he also acknowledges that national selectors may have a specific back‑line profile in mind for the upcoming World Cup. Reflecting on his Argentina heroics, Ojomoh said, “If that was my final Test, I’m happy to have left a mark on international rugby.” Yet the disappointment of watching England lose to Ireland from a Moroccan pub underscores how close the margins are for a player on the fringe. He explained the selection dilemma: with centre Ollie Lawrence returning from injury, the squad needed a more physical ball‑carrier, and Ojomoh’s role as a second‑receiver/playmaker meant he was the one to make way. England’s coaching staff have asked him to sharpen three key areas – post‑contact metres, defensive intensity and overall work‑rate. While these are valid targets, Ojomoh points out that few English centres combine his blend of pace, vision and creative kicking. Back at Bath, his partnership with newly‑signed Finn Russell has blossomed. “When we signed Finn, I didn’t expect us to think alike on attack,” Ojomoh remarked, highlighting a shared instinct that fuels his confidence. Coach Johann van Graan’s influence is evident, with the club’s motivational signage and a focused training environment that Ojomoh describes as “single‑minded”. He hopes the upcoming match will provide a platform for a first home Champions Cup quarter‑final since 2002. Family wisdom also plays a role; his father, former England centre Steve Ojomoh, reminded him that “the cream always rises to the top”. With a business degree from the University of Bath and a hobby of online chess, the younger Ojomoh is aware that consistent club performances could shift national perception. Looking ahead, Ojomoh is determined to make the 2027 World Cup squad. He admits that obsession over selection can be self‑destructive, emphasizing the need for mental clarity and playing with the same confidence he shows in his head. As Bath prepares for the high‑stakes clash with Saracens, Ojomoh’s mantra remains clear: choose greatness, stay true to his strengths, and let his on‑field X‑factor speak for itself.
#you #his #there
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Law Apr 03, 2026

US Threats Against Iranian Civilian Infrastructure Spark War Crime Concerns

The US has threatened to target Iranian civilian infrastructure, including power plants, which lega…
The recent statements and actions by the US, particularly by President Donald Trump, have raised serious concerns about potential war crimes under international law. During a national address, Trump warned that if Iran did not reach a deal with him, the US would target Iranian electric-generating plants and reduce the country to the 'stone ages.'Legal experts and human rights organizations have strongly criticized these threats. Erika Guevara Rosas, Amnesty International's senior director of research, advocacy, policy and campaigns, emphasized that intentionally attacking civilian infrastructure, such as power plants, is generally prohibited under international law. Such actions could cause disproportionate harm to civilians and are considered unlawful and potentially war crimes.More than 100 US experts in international law from prestigious universities, including Harvard, Yale, and Stanford, have expressed similar concerns. They highlighted Trump's comments, including the statement that the US may conduct strikes on Iran 'just for fun,' and Defense Secretary Pete Hegseth's remarks about not fighting with 'stupid rules of engagement.'The experts and legal experts point to the principle of distinction in international humanitarian law, which requires parties to avoid targeting civilian objects. Article 52 of the Geneva Conventions defines civilian objects as those that are not military objectives, and it is a war crime to intentionally direct attacks against them if they are not military objectives.Human rights organizations and experts warn that targeting Iran's power plants would have a devastating impact on the civilian population, affecting hospitals, water supplies, and other vital needs. Sarah Yager, Washington director of Human Rights Watch, noted that such actions would be catastrophic for the Iranian people.
#civilian #international #war
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Politics Apr 03, 2026

Labour Challenges Nigel Farage Over Private Jet Trip Costs to Maldives

Labour has questioned Nigel Farage's claim that a private jet trip to the Maldives cost £25,000, ci…
Labour has challenged Nigel Farage over the cost of his private jet trip to the Maldives, questioning his claim that it cost as little as £25,000. Farage, the leader of Reform UK, initially recorded the two-day trip as costing £12,500, funded by Thailand-based Reform megadonor Christopher Harborne, before later upgrading the cost to £25,000. The Labour Party's chair, Anna Turley, wrote to Farage arguing that chartering a private jet of a similar size would cost many times more than the sum declared. According to publicly available flight logs, the 11,000-mile round trip lasted just over 23 hours, using a model of plane that is currently advertised on multiple private jet websites as costing at least $11,500 (£8,500) per hour to charter. Turley highlighted that the plane's ownership is linked to Harborne, who has given the party more than £12m. She asked Farage to clarify how he valued the cost of the flight, which did not end in him reaching the Chagos Islands, as he did not have permission. Farage has described the visit as a "humanitarian mission", saying he undertook the trip to highlight the plight of the Chagossians, whose families were removed from the islands in the 1960s and are seeking to return. The trip has sparked controversy over the valuation of the private jet donation and Farage's attempts to reach the Chagos Islands, which are subject to a UK government decision to hand sovereignty to Mauritius.
#Nigel Farage #Labour Party #Maldives
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Sport Apr 03, 2026

Uzbek Grandmaster Sindarov Dominates 2026 Chess Candidates Tournament

The 2026 Chess Candidates Tournament has begun with a strong performance by 21-year-old Uzbek grand…
In other chess news, England's 11-year-old prodigy Bodhana Sivanandan has dramatically risen to No. 1 in Britain in the official Fide ratings for April and has broken into the world's top 100 women for the first time, ranked as world No. 72 with a rating of 2366.
#caruana #world #who
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Uk News Apr 03, 2026

Ground Control named as contractor in illegal felling of 500‑year‑old Whitewebbs oak, prompting legal fight with Toby Carvery and Enfield Council

The Guardian has uncovered that maintenance firm Ground Control carried out the unauthorised remova…
The Guardian’s investigation has revealed that the company responsible for the unauthorised partial felling of a 500‑year‑old oak in Whitewebbs Park, Enfield, was Ground Control, a maintenance business that reports a turnover of £190 million. The tree was cut down in September 2025 on behalf of Mitchells & Butler Retail (MBR), the owner of the Toby Carvery restaurant chain. MBR initially defended the action, claiming its contractor warned that the oak was diseased and posed a safety risk. However, a coalition of experts – including a Forest Commission investigator and ancient‑tree specialist Russell Miller – found the tree to be healthy with no imminent danger. Miller described the alleged “hazard” as an old, semi‑occluded wound that did not justify felling the entire tree. According to Dr. Ed Pyne of the Woodland Trust, the delay in identifying the contractor highlights a broader lack of transparency: "What evidence exists that the tree was dangerous? What qualifications did the operatives have?" He added that the justification for the removal remains unsubstantiated. Ground Control’s own documentation shows the work was assigned to its grounds‑maintenance team rather than its specialist arborists, a detail that fuels further criticism of MBR’s decision‑making process. Sources close to the firm say an internal review was conducted by a contracts manager, not a tree expert. Enfield Council, which owns the park, has launched legal action to evict Toby Carvery after MBR refused to apologise or offer compensation. The council also referred the incident to the police, but officers declined to investigate, deeming it a civil matter. Complicating the dispute, MBR is majority‑owned by investment group Enic, which holds strong financial ties to Tottenham Hotspur. The football club plans to develop a women’s training academy on 17 hectares adjacent to the park, a proposal opposed by the local campaign group Guardians of Whitewebbs. The group has secured a judicial review of the planning permission, set for June. In a statement last April, MBR asserted that its “specialist arboriculture contractors” deemed the split and dead wood a serious health‑and‑safety risk. A Toby Carvery spokesperson declined further comment, citing ongoing legal proceedings. The revelation of Ground Control’s involvement adds a new layer to the controversy, raising questions about corporate responsibility, environmental stewardship, and the adequacy of legal protections for historic trees in urban green spaces.
#tree #which #ground
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News Apr 03, 2026

US Threats of Carpet Bombing: A Decades-Old Legacy of Military Aggression

The US has a long history of threatening to carpet bomb countries, with President Donald Trump rece…
The United States has a long history of threatening to carpet bomb countries, with President Donald Trump recently warning Iran that he would bomb the country 'back to the stone ages.' This rhetoric is not new, as US leaders have made similar threats in the past.During his prime-time address to the nation, Trump said, referring to Iran: 'We are going to hit them extremely hard over the next two to three weeks, we're going to bring them back to the stone ages, where they belong.' Trump also said 'discussions are ongoing,' adding that the conflict could end over the same period.The current war on Iran began on February 28 when the US and Israel launched their attacks. Tehran hit back, targeting Israel and Gulf countries. More than 2,000 Iranians have been killed in the war so far. Thousands of civilian sites, including hospitals, schools, universities, and pharmaceutical factories, have been attacked by Israel and the US.Janina Dill, a global security professor at the University of Oxford, told Al Jazeera that if Trump's 'stone ages' threat implies that the US will destroy structures and buildings that characterise a modern society, 'then this would be illegal because it implies directing attacks against civilian objects.'The phrase 'bombing back to the stone ages' is widely associated with US Air Force officer Curtis LeMay, in the context of US threats against North Vietnam in LeMay's 1965 book, Mission with LeMay. LeMay wrote: 'We're going to bomb them back into the Stone Age.'The US carried out intensive bombing in South Vietnam, as well as in Cambodia and Laos, claiming to target enemy bases and supply routes. Overall, millions of Vietnamese soldiers and civilians were killed or wounded in the war.In January 1991, the US led a global coalition to force out Iraqi forces from Kuwait. Former US Secretary of State James Baker threatened that the US would bomb Iraq 'back to the Stone Age' if it did not withdraw from Kuwait.During World War II, the US carpet bombed Japanese cities, as well as cities in Asia that were controlled by Japanese forces. During the Korean War, the US carried out heavy bombing in North Korea, which some officials said destroyed almost every town.
#war #bombing #back
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