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World Economy Apr 08, 2026

Iran and China Deploy Yuan Toll Payments in Strait of Hormuz to Erode US Dollar Dominance

Amid the paused US‑Israel‑Iran conflict, Tehran and Beijing have begun charging transit fees in yua…
The temporary cease‑fire in the US‑Israel‑Iran war has given Iran and China a strategic opening to challenge the US dollar’s supremacy in global finance. Both nations share a common objective: to reduce reliance on the greenback, especially in the oil sector where, according to a 2023 JP Morgan estimate, roughly 80% of transactions are settled in dollars. In a practical step toward this goal, Iran’s de‑facto toll‑booth system in the Strait of Hormuz—a chokepoint that handles about one‑fifth of the world’s oil and LNG shipments—has started accepting transit fees in Chinese yuan. Lloyd’s List reported that at least two vessels had already paid in yuan by March 25, and China’s Ministry of Commerce later acknowledged the reports on social media. Iran’s embassy in Zimbabwe even called for the introduction of a “petroyuan” to the global oil market, underscoring the political symbolism of the move. While Tehran pledged to guarantee safe passage for two weeks under a US‑brokered cease‑fire, Beijing declined to comment. Harvard economist Kenneth Rogoff told Al Jazeera that Iran’s actions serve a dual purpose: they “poke a thumb in the United States’s eye” and provide a practical alternative to dollar‑based sanctions. Rogoff added that Iran’s shift to yuan aligns with China’s broader effort to redenominate trade among BRICS nations. For both countries, the yuan offers a way to sidestep US sanctions and lower transaction costs. Their trade relationship, cemented by a 25‑year strategic partnership signed in 2021, sees China buying over 80% of Iran’s oil—often at discounted rates—while Iran imports Chinese machinery, electronics, chemicals, and industrial components. Data from Kpler and TankerTrackers indicate that, despite the conflict, Iran’s oil exports to China have remained near pre‑war levels, ranging between 12 million and 13.7 million barrels in the first two weeks of hostilities. China’s ambition to elevate the yuan is long‑standing. President Xi Jinping, in a 2024 address, expressed hope that the yuan would become a global reserve currency. Yet significant hurdles remain: the yuan is not freely convertible due to strict capital controls, and the Chinese financial system is perceived as opaque, limiting broader adoption. According to the IMF, the dollar still dominated global foreign‑exchange reserves at 57% last year, far ahead of the euro’s 20% and the yuan’s modest 2%. Cross‑border trade settled in yuan rose to 3.7% in 2024, up from under 1% in 2012, per S&P; Global—an encouraging but limited shift. Natixis chief economist Alicia Garcia‑Herrero cautioned that the Strait of Hormuz experiment adds only “incremental pressure” and that a true “de‑dollarisation” would require Gulf states, which have priced oil in dollars since the 1970s in exchange for US security guarantees. European analyst Hosuk Lee‑Makiyama highlighted that China’s ability to supply Iran with essential goods makes the yuan a viable alternative, a dynamic not possible for Europe or Japan. He described China as the closest the world has seen to a “manufacturing one‑stop shop.” Consultancy founder Dan Steinbock echoed that while the dollar’s supremacy is unlikely to crumble overnight, the gradual increase in yuan usage could “chip away” at US dominance in specific sectors over time. Rogoff concluded that the long‑term impact hinges on the war’s outcome. If Iran and China emerge stronger, many countries may diversify away from the dollar to avoid US‑imposed financial constraints. Conversely, a decisive US victory could reinforce dollar hegemony for the foreseeable future.
#iran #china #yuan
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News Apr 08, 2026

Greta Thunberg denounces Trump’s ‘civilization will die’ warning amid rising Gen Z opposition to US‑Iran conflict

Swedish climate activist Greta Thunberg slammed President Donald Trump’s threat that an entire civi…
President Donald Trump warned on Tuesday that a U.S. attack on Iran could cause "a whole civilization to die tonight," a statement that sparked immediate backlash from climate icon Greta Thunberg. The Swedish activist, known for her outspoken stance on climate change and the Gaza crisis, described the president’s remarks as a normalization of genocide and urged the public to reject such rhetoric. In an Instagram video posted shortly before a cease‑fire was announced, Thunberg lamented the "muted" reaction to the threat, asking, "What the f*** is anyone even doing at this point?" She emphasized that the world has become accustomed to "total annihilation of entire peoples" and the "systematic destruction of the biosphere," urging viewers to demand an end to these narratives. Poll data reveal a stark generational split on the war. A Pew Research Center survey released Tuesday showed that while 67 % of Republicans aged 65+ believe the conflict will curb Iran’s nuclear ambitions, only 25 % of Republicans aged 18‑29 share that view. When asked about the war’s impact on Iranians, just 7 % of older Republican voters said they would be worse off, compared with nearly 28 % of younger voters. Among Democrats, the age gap is less pronounced but still significant: 60 % of young Democratic respondents (18‑29) think the war will harm Iranians, versus 48 % of those over 65. Similar patterns emerge in other surveys. Emerson College found that 75 % of respondents under 50 fear a new world war within four years, compared with 54 % of those over 50. A Politico poll of self‑identified “MAGA Republicans” showed that only 49 % of those under 35 believe Trump has a concrete plan for the Iran conflict, versus 70 % of older supporters. These findings echo a broader historical trend: younger Americans, many of whom grew up in the shadow of the Iraq and Afghanistan wars, display a more isolationist outlook. A December 2025 Pew poll indicated that only 39 % of 18‑29‑year‑olds consider active U.S. involvement in global affairs important, compared with 73 % of seniors. The generational divide also extends to attitudes toward Israel. The same Tuesday poll reported that 84 % of young Democrats and 57 % of young Republicans hold an unfavorable view of Israel, whereas older respondents are considerably less critical. Thunberg’s criticism of Trump aligns with her longstanding activism on Middle‑East issues. Last year she joined a humanitarian flotilla bound for Gaza, only to be detained and deported by Israeli forces. Her latest condemnation underscores a growing sentiment among Gen Z that calls for accountability and an end to war‑like rhetoric. In summary, the controversy surrounding Trump’s Iran threat has amplified existing generational tensions in the United States, with younger citizens increasingly questioning the efficacy and morality of U.S. military interventions while demanding a shift away from language that normalizes mass violence.
#iran #politico #israel
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World Apr 08, 2026

Share Your Experience: How Have You Been Affected by the Latest Events in the Middle East?

The Guardian invites readers to share their experiences of how they have been affected by the lates…
The Guardian is calling on readers to share their personal stories of how they have been impacted by the ongoing conflict in the Middle East. With Iran and the US agreeing to a two-week conditional ceasefire, the situation remains volatile and uncertain.Whether you are living, working, or traveling in the region, or have been impacted in other ways, the Guardian wants to hear from you. Your experiences can help provide a deeper understanding of the human impact of the conflict.Please note that your security is the top priority. The Guardian recognizes it may not always be safe or appropriate to record or share your experiences, so please consider this when deciding whether to get in touch.To share your story, you can:Fill out the online form provided, which is encrypted and confidential.Message the Guardian on WhatsApp or Signal at +447766780300.The Guardian assures readers that all responses will be kept secure and anonymous if desired. The information collected will only be used for the purpose of this feature and will be deleted when no longer required.Key form fields include:NameLocationBackground information (optional)Country locatedPersonal experience with the conflictPhoto upload (optional)Publication consentContact details (optional)For more information, readers can visit the Guardian's tips guide or privacy policy.
#iran #israel #conflict
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Tv And Radio Apr 08, 2026

Undercover Filmmakers Expose Sinister Polygamous Cult in Netflix Doc

A new Netflix documentary series, 'Trust Me: The False Prophet', reveals the inner workings of a po…
The documentary series 'Trust Me: The False Prophet' has shed light on the sinister activities of a polygamous Mormon cult led by Samuel Bateman, who is currently serving a 50-year sentence for luring minors into criminal sex acts.Director Rachel Dretzin, a former investigative journalist for Frontline, worked on the series, which follows a pair of documentary filmmakers, Christine Marie and Tolga Katas, who embedded themselves in Utah's Fundamentalist Church of Jesus Christ of Latter-day Saints (FLDS) community. They earned the trust of the cult members and were invited into Bateman's home, where he presided over 20 'wives', many of them underage.The filmmakers' incriminating footage and witness testimony were essential to the FBI's case against Bateman and other men charged with crimes. The series transcends the true crime genre's typical sensationalism, presenting its revelations thoughtfully and honestly.Dretzin notes that documentary filmmaking can be more effective than the legal system in effecting change, particularly in cases like this where the community is fiercely insular. The series raises questions about the ethics of documentary filmmaking and the blurred lines between observer and participant.The story also highlights the manipulation and indoctrination of young women within the cult, including Naomi, a young woman who becomes a pivotal witness. Her aunt Carole, who defected from the FLDS, shares her insights on how the cult grooms girls for exploitation.Dretzin believes that the story has echoes in our ordinary lives and political landscape, particularly in the era of 'fake news' and echo chambers. The series serves as a reminder of the dangers of closed systems and the importance of critical thinking.
#documentary #netflix #flds
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Music Apr 08, 2026

Brighton’s Early‑2000s Indie Surge: A Patchwork of Talent That Redefined the City’s Music Legacy

The article explores Brighton’s vibrant early‑2000s indie scene, highlighting its eclectic bands, D…
In the spring of 2002, the modest Free Butt pub on Brighton’s seafront buzzed with a restless energy. Future stars such as Natasha Khan, then a university art student, danced atop the bar while the Yeah Yeah Yeahs thundered through their first UK dates. Behind the scenes, band frontmen like Guy McKnight of Eighties Matchbox B‑Line Disaster served pints, and budding engineers like Steve Ansell of Cat on Form fine‑tuned the sound. The atmosphere felt like a rite of passage, where any performer could slip from a cramped stage to national attention.Unlike the neatly branded scenes of New York’s garage‑rock revival or London’s Libertines‑driven hype, Brighton’s early‑2000s scene resisted a single aesthetic. Rock groups emerged from rehearsal rooms and tiny clubs with wildly different looks and sounds, creating a cultural mosaic rather than a monolithic movement.Electrelane’s guitarist recalls recording their debut Rock It to the Moon in a studio once owned by the Levellers, and crafting their sophomore effort inside a former public toilet. These unconventional spaces proved surprisingly fertile, underscoring the city’s DIY spirit.By the turn of the millennium, the big‑beat dominance of Fatboy Slim and Skint Records had faded, making way for a grassroots rock surge. Sea Power relocated from Reading to Brighton, drawn by the city’s “dilapidated charm and fresh sea air”. Their self‑organized Club Sea Power nights at the Lift offered a chaotic yet liberating platform that eventually caught Rough Trade’s attention.Women played a pivotal role in shaping the scene’s infrastructure. Promoters Lisa Lout and Anna Moulson, both still active, booked seminal shows—including the Strokes’ first UK gig at the Lift in 2001—and helped launch the Great Escape festival. Their efforts ensured that bands such as the Pipettes, Electrelane and Bat for Lashes could share stages and media coverage.Artists recall the city’s palpable sense of belonging. Rose Dougall of the Pipettes describes a landscape where “alternative culture was on every street, from vintage shops to the colour of the houses,” and where “small venues made it feel attainable to launch a project.” Similarly, Brakes frontman Eamon Hamilton contrasts Brighton’s walk‑able, collaborative vibe with London’s darker, more competitive energy.Music journalism mirrored the scene’s intensity. Everett True and photographer Steve Gullick launched Careless Talk Costs Lives in 2002, a deliberately short‑run magazine that championed female writers and bands at a time when the industry was still heavily male‑dominated.As rents surged through the 2010s, many of the cheap flats, rehearsal rooms and iconic venues that underpinned the scene vanished. The Free Butt closed, independent record stores shuttered, and the once‑abundant low‑cost infrastructure dwindled, prompting a migration of creative energy down the coast to places like Margate, Ramsgate, Folkestone and Shoreham.Nevertheless, the remnants of Brighton’s network continue to nurture new talent, from the Kooks to Dream Wife and Gazelle Twin. The city’s strength lies not in a singular sound but in its capacity to host a “constant collision of wildly dissimilar bands,” allowing artists to develop authentically and fearlessly.
#brighton #bands #city
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Business Apr 08, 2026

Maritime Workers' Lives Disrupted by Middle East Conflict

The ongoing conflict in the Middle East is causing significant disruptions to maritime traffic and …
The Middle East conflict is having a profound impact on maritime workers, port staff, and shipping crews. The Strait of Hormuz, one of the world's busiest maritime routes, remains affected despite a temporary ceasefire between the US and Iran.Maritime traffic through the narrow channel linking the Persian Gulf with the Gulf of Oman continues to face delays, diversions, and heightened security risks as the situation evolves. Ports and shipping companies are operating amid uncertainty, while cruise ships carrying thousands of tourists have faced disruption across the region.The Guardian is inviting maritime workers, port staff, and shipping crews to share their experiences of how the conflict is affecting their work. The outlet is providing a confidential form and messaging channels for those who wish to contribute their stories anonymously.Key concerns for maritime workers include:Delays and diversions due to the conflictHeightened security risks for vessels and crewsImpact on livelihoods and work operationsThe Guardian's initiative aims to shed light on the human impact of the conflict on those working in the maritime industry.
#you #your #please
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Sport Apr 08, 2026

British Horseracing Authority Mulls Direct‑Action Protests Over Proposed Betting Affordability Checks

The British Horseracing Authority is weighing direct‑action protests as it battles the UK governmen…
The chief executive of the British Horseracing Authority (BHA), Brant Dunshea, announced that the sport is prepared to consider more direct‑action protests as it confronts the government’s proposal to introduce affordability checks for punters. Last September’s one‑day strike, which forced the cancellation of four meetings, proved decisive: it helped the government abandon a planned increase in betting tax from 15% to 21%, a rise the BHA estimated would have cost the industry £330 million. Following the “Axe the Racing Tax” campaign, the BHA is now urging the government to rethink the affordability checks that could require up to 120,000 regular gamblers to provide personal documentation, according to the Betting and Gaming Council. Independent modelling by EY suggests that as many as 44,000 bettors might migrate to black‑market operators, eroding the industry’s betting turnover by tens of millions of pounds. Betting turnover has already fallen by £2 billion since 2021. The Gambling Commission is slated to decide on the checks next month, while more than 400 racing figures – including trainers and MPs – have signed an open letter to Culture Secretary Lisa Nandy demanding intervention. “Our campaign will continue, and direct action is part of our broader strategy, though we will not discuss specifics publicly,” Dunshea said. He highlighted the power of collective action, noting that the industry’s cultural and economic significance was recognised in the government’s recent budget announcement. Recent pilot schemes, involving three credit‑reference agencies, produced inconsistent outcomes for the same individuals, raising concerns that the checks could push more punters toward illegal markets. Data from Yield Sec shows that the share of the UK gambling market held by black‑market operators surged from 0.43% in 2020 to 9% last year, with £379 million wagered on unlicensed platforms that do not contribute to the exchequer. Dunshea stressed that any affordability measure must be truly frictionless. “Consumers are price‑sensitive and protective of their personal data; any intervention that feels invasive will drive them elsewhere,” he warned. Amid the upcoming Grand National at Aintree, Dunshea expressed surprise at recent comments from the RSPCA regarding horse deaths at Cheltenham, reaffirming the BHA’s commitment to a collaborative relationship with the animal‑welfare charity. He noted that over the past 25 years, the industry has invested £60 million in equine welfare, reducing fatality rates to 0.22% of runners, and emphasized that the BHA will continue to work constructively with the RSPCA despite recent tensions.
#our #more #dunshea
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Sports Apr 08, 2026

Nike acknowledges shoulder‑seam flaw in 2026 World Cup kits as fans call for quick remedy

Nike has confirmed a design defect in the shoulder seams of several 2026 World Cup jerseys after fa…
When Nike unveiled its official 2026 World Cup kit range in March, the designs were widely praised, with the United States' home shirt hailed as the most distinctive in years and other nations such as France, England, Canada and Uruguay receiving positive feedback.However, during the recent international break, a growing chorus of supporters highlighted a recurring problem: a pronounced bulge along the shoulder seam of many of the new jerseys. While the effect was subtle on some kits, it was stark on others – notably the sleek France shirt worn by Kylian Mbappé and the Uruguay jerseys that resembled a cartoon villain’s armor.Fans took to social media to share photos and complaints, with some claiming that steaming or pre‑washing the garments temporarily eased the issue, while others expressed outright frustration, describing the design as “stupid” and unsuitable for broader shoulder widths.Given that the jerseys retail for between $100 and $200, the defect poses a significant concern for both consumers and the national federations that expect their players to look immaculate on football’s biggest stage.In a statement to The Guardian, Nike acknowledged the flaw, noting that the problem was most evident during the recent break and that “performance is unaffected, but the overall aesthetic is not where it needs to be.” The company added that it is reviewing possible solutions in collaboration with partner federations and suppliers.The kits are built around Nike’s Aero‑FIT system, a computational‑design and stitch‑specific knitting process marketed as a way to keep athletes cool in what could be the hottest World Cup ever, hosted across the United States, Canada and Mexico. A source familiar with the technology confirmed that AI‑driven design data underpins the process.Nevertheless, the shoulder‑seam issue raises questions about the feasibility of a redesign with the tournament less than two months away and millions of jerseys already sold. Nike officials indicated that any corrective action would require a massive logistical effort.“We are a global team of best‑in‑class designers, creators and dreamers who spend every day thinking about how to innovate, challenge ourselves, and take risks that push the beautiful game,” the company said. “We always hold ourselves and our products to the highest standards and this fell short. We’re working quickly to make this right for players and fans, because every kit should reflect the care, precision and pride that the game deserves.”Nike’s partnership with the United States runs until 2033, while England’s agreement with the FA extends to 2030, meaning the brand will continue to supply kits for future tournaments despite this setback.
#kits #nike #world
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World Apr 08, 2026

Iranians Express Deep Distrust of the U.S. Amid Mixed Reactions to Two‑Week Ceasefire

A video from Tehran reveals crowds divided over the surprise two‑week ceasefire with the United Sta…
Footage captured on the streets of Tehran shows small groups of citizens gathering around Enghelab Square – a historic rally point for pro‑regime supporters – some waving Iranian flags, others draped over their backs. The atmosphere is far from uniform; debates and arguments erupted shortly after the ceasefire announcement, reflecting a spectrum of emotions from shock to tentative hope.The video, posted by Majid Nouri – son of former prison official Hamid Nouri – includes his running commentary. He notes that the discussions began around 3 a.m. and continued into the morning, with participants expressing both anger and disbelief. "In no way do we trust America," Nouri declared, echoing a sentiment he says is shared by virtually every Iranian.Pro‑government demonstrators were heard chanting "Death to America, death to Israel, death to compromisers!" and burning U.S. and Israeli flags, according to the Associated Press. The chants persisted despite attempts by organizers to calm the crowd, underscoring the depth of anti‑Western feeling among hardliners.While the ceasefire halted active hostilities, the war has already claimed at least 1,900 lives in Iran. With internet services largely blacked out, gauging the broader public mood is challenging, but pockets of Tehran reported subdued celebrations in the early hours of Wednesday.Local resident Ali, a 31‑year‑old, summed up the prevailing uncertainty: "Most people here don’t trust the US and still don’t know exactly what is going to happen, so they are unsure whether they should be happy or worried." He warned that the ceasefire’s two‑week duration offers no guarantee of lasting peace.Business owners are beginning to test the waters. Hamid, a 43‑year‑old shopkeeper whose grocery and cleaning‑supplies store closed after the February bombings, said, "Today feels like there is no war," and he has reopened his shop, hoping to recover lost income for his family.Iranian officials are framing the pause as a diplomatic victory. Former foreign minister Ali Akbar Velayati posted on X that the conflict has reshaped the global power balance, positioning Iran within a new multipolar order. President Masoud Pezeshkian praised the ceasefire as the fruit of the blood of Iran’s “great martyred leader” and the collective will of the people.Strategically, the ceasefire highlights Tehran’s ability to disrupt the vital Strait of Hormuz, a chokepoint for global oil shipments. Analysts note that this leverage could bolster Iran’s negotiating stance, even as former U.S. President Donald Trump previously warned that a full‑scale clash would threaten "a whole civilisation." As sunrise illuminated the capital, daily life resumed with shops reopening and traffic returning to the streets, yet the prevailing mood remains a blend of exhaustion, cautious optimism, and lingering mistrust of the United States.
#iran #israel #tehran
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