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Economy Apr 18, 2026

Oil Prices Plunge as Iran Reopens Strait of Hormuz, But Tensions Remain

Oil prices have dropped to their lowest point in weeks after Iran announced that the Strait of Horm…
Oil prices have plummeted to their lowest point in weeks after Iran said the Strait of Hormuz was open for passage during a ceasefire in Lebanon. The international benchmark, Brent crude, fell more than 9 percent to $90.38 a barrel on Friday, taking it below $91 for the first time since March 10.Iranian Foreign Minister Abbas Araghchi said the strait was “completely open” and would remain so for the duration of the 10-day ceasefire between Israel and Lebanon, which took effect on Friday. US President Donald Trump hailed Tehran’s announcement, declaring the waterway “ready for business and full passage.”However, on Saturday, Iran rowed back on its decision to reopen the Strait of Hormuz, warning that it would continue to block transit through the key waterway as long as the US blockade of Iranian ports remained in effect. Trump said the blockade “will remain in full force” until Tehran reaches a deal with the US, including on its nuclear programme.Roughly one-fifth of the world’s oil passes through Hormuz and further limits would squeeze already constrained supply, driving prices higher once again. Amid the escalation, Pakistani officials say they are trying for more talks between the US and Iran ahead of the April 22 ceasefire deadline.Meanwhile, ship tracking data displayed a significant uptick in vessels crossing the strait on Saturday, with an analyst at maritime intelligence firm Windward saying it was the busiest since the Strait of Hormuz was effectively closed at the beginning of the war.
#Iran #Strait of Hormuz #OPEC
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Politics Apr 18, 2026

Iran-US Conflict Escalates: Key Developments on Day 50

The conflict between Iran and the US has reached day 50, with tensions persisting around the Strait…
The Iran-US conflict has entered its 50th day, with escalating tensions around the strategic Strait of Hormuz. Iranian officials have rejected claims by US President Donald Trump on the state of negotiations, highlighting deep contradictions in messaging.Despite this, Trump has stated there are no 'sticking points' left for a deal, while insisting the blockade will remain until any agreement is '100 percent complete'. Iran's Foreign Minister Abbas Araghchi said the Strait of Hormuz remains fully open to commercial vessels, subject to conditions.Key developments in the region include:Enriched uranium dispute: Iran's foreign ministry says its enriched uranium stockpile will not be transferred 'anywhere', rejecting claims by Trump that Tehran had agreed to hand it over.Hormuz fees plan: Iran said it will not impose 'traditional' transit fees in the Strait of Hormuz, but is drafting a law to charge ship owners for 'securing the strait'.Lebanon-Israel 'agreements': President Joseph Aoun says Lebanon is nearing a 'new phase' of lasting deals after the ceasefire and is no longer 'an arena for others' wars'.France, UK Hormuz mission: France and Britain will lead a multinational effort to safeguard freedom of navigation in the Strait of Hormuz 'as soon as conditions allow,' British Prime Minister Keir Starmer said.The conflict has also had significant economic impacts, with oil prices falling and stocks soaring after Iran announced the reopening of the Strait of Hormuz. The global economy is closely watching the developments, as the situation remains fragile and unpredictable.
#Iran #United States #Donald Trump
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News Apr 18, 2026

Trump Seeks $10bn Lawsuit Resolution with IRS, Raising Conflict of Interest Concerns

President Donald Trump's lawyers are seeking a resolution with the Department of Justice over a $10…
President Donald Trump's lawyers have filed a court document seeking a 90-day pause in a $10bn lawsuit against the Internal Revenue Service (IRS) to explore a potential settlement. The move has sparked concerns about a conflict of interest, as Trump controls both the executive branch and the Department of Justice, which will be involved in the settlement negotiations. The lawsuit stems from the unauthorized release of Trump's tax returns in 2020, which were leaked by a former IRS contractor. Trump's lawyers claim that the release of the tax returns caused him, his businesses, and his sons "significant and irreparable harm", including reputational and financial damage. However, experts have questioned the validity of the lawsuit, citing flaws in the calculation of damages and the statute of limitations. They also argue that the lawsuit represents a conflict of interest, as Trump is essentially negotiating with his own administration for a payout. The $10bn sum sought by Trump is based on media references to his leaked tax returns, which experts say is not a valid formula for damages. Additionally, the lawsuit contends that Trump did not discover the unauthorized disclosures until January 2024, despite posting about the issue on social media in 2020. Government watchdogs have attempted to stop a settlement from unfolding, arguing that it would threaten the integrity of the justice system and the important taxpayer and privacy protections at the heart of this case. The Emoluments Clause in the US Constitution also prohibits the president from profiting off his position, apart from his salary. Trump has justified the sum by saying it would be donated to charity, but legal experts argue that this could still run afoul of the Emoluments Clause. The case has raised significant concerns about the potential for abuse of power and the integrity of the justice system.
#trump #lawsuit #his
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Lifeandstyle Apr 18, 2026

Hidden Gross Ingredients Lurking in Everyday Foods: What’s Really in Your Plate

A Guardian investigation (18 April 2026) uncovers surprising, sometimes hazardous ingredients—like …
A Guardian investigation published on 18 April 2026 reveals that staple foods across the UK and United States contain unexpected and occasionally unsafe components, from tiny insect fragments in spreads to cockroach‑infested coffee beans, raising fresh questions about food‑safety oversight and consumer transparency.While food processing can bring nutritional benefits, it also obscures the exact composition of many products. Chris Young, head of the Real Bread Campaign at Sustain, warns that each additive is tested in isolation but rarely examined for long‑term effects when combined in the modern diet. “The evidence base is limited, and history shows that some substances once deemed safe were later banned,” he says.Insect fragments are surprisingly common. US regulations permit up to 30 insect pieces per 100 g of peanut butter, 60 per 100 g of chocolate, and even two maggots per 100 g of tomato paste. The Food Standards Agency (FSA) in the UK, however, enforces a zero‑tolerance policy for visible contamination, triggering enforcement action when standards are breached. Estimates suggest the average American unintentionally consumes around 450 g of insects each year, a figure that would be alarming if not already part of many cultural diets.Coffee is another surprising vector. In the United States, up to 10 % of green coffee beans may be infested with insects before they are discarded, and remnants can survive processing into the final product. The more notorious threat is the coffee berry borer—a beetle that lays eggs inside coffee cherries—though its impact is less visible than stray cockroach fragments that occasionally appear in packaged coffee.Seafood is not exempt. The FSA mandates that fish intended for raw or lightly cooked dishes be frozen at –20 °C for at least 24 hours to eradicate parasites. Nevertheless, dead worms can still be present in smoked or pickled fish, and certain parasites resist salting or marinating, only dying after a brief 60 °C cooking period. Consuming live larvae can trigger severe illness or allergic reactions, underscoring the importance of “sushi‑grade” labelling.Mineral‑based additives also hide in plain sight. Ingredients such as calcium carbonate (chalk), phosphoric acid, and monocalcium phosphate are mined from limestone, phosphate rock in Morocco and China, and then incorporated as dough conditioners or acidity regulators. Titanium dioxide, a bright white pigment derived from ilmenite, has been banned in the EU since 2022 due to concerns over nanoparticle accumulation and potential DNA damage, though the UK’s FSA is still reviewing the evidence.Even seemingly innocuous components like silicon dioxide (anti‑caking agent) and gypsum (calcium sulphate) are sourced from sand and ancient sea‑bed deposits, respectively. While generally regarded as safe, excessive consumption can cause gastrointestinal discomfort.Ice‑cream and other low‑fat desserts often rely on cellulose derivatives—carboxymethyl cellulose and methyl cellulose—produced as by‑products of the wood‑pulp industry. A 2022 study linked carboxymethyl cellulose to transient stomach pain and a possible disturbance of gut microbiota, prompting debate over the safety of the large‑scale emulsifier intake typical of modern diets.Plant‑based sausages frequently contain methyl cellulose as a thermoreversible gel, giving them a meat‑like texture. Professor Barry Smith of University College London notes that such additives can make vegetarian products “convincingly” meat‑like, but the health implications of chronic consumption remain under‑researched.Overall, the article underscores a paradox: while ultra‑processed foods can improve shelf‑life and accessibility, they also conceal a cocktail of ingredients—some benign, others potentially harmful. Consumers are urged to scrutinise ingredient lists, favour products with transparent sourcing, and support regulatory bodies that demand rigorous, long‑term safety testing for all food additives.
#but #food #can
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Sports Apr 18, 2026

England Women's Rugby Team Thrash Scotland 84-7 in Six Nations

England women's rugby team defeats Scotland 84-7 in the Women's Six Nations, with 12 tries and a re…
England's women's rugby team delivered a dominant performance, scoring 12 tries and securing an 84-7 victory over Scotland in the Women's Six Nations. The match, held at Murrayfield, drew a record attendance of 30,498 spectators, marking a significant milestone for women's solo sporting events in Scotland. The visitors were in top form, with Ellie Kildunne scoring two tries, including her 50th for England. The team's impressive display was highlighted by Maddie Feaunati's crucial line break that led to Kildunne's opening try. Scotland, on the other hand, struggled with 13 handling errors and a tackle completion rate of just 59%, resulting in 52 missed tackles. England's head coach, John Mitchell, emphasized that his team will not become complacent despite the big win, stating, 'It is very unlikely I will ever get complacent. I am probably at my worst when we win because I drive to try to raise the floor even more.' The team's depth and talent were on full display, with 19-year-old Demelza Short making a solid debut at blindside flanker. Scotland's captain, Rachel Malcolm, acknowledged the team's poor performance, saying, 'You never want to see a scoreline like that. We need to dust ourselves off pretty quickly.' The hosts will look to bounce back against Italy next week, while England will host Wales in the next round.
#England women's rugby #Scotland women's rugby #Six Nations
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Sport Apr 18, 2026

Alycia Baumgardner Retains Unified Junior Lightweight Crown While Lani Daniels Pulls Shock KO at Madison Square Garden

Alycia Baumgardner kept her WBO, IBF and WBA junior‑lightweight belts with a dominant unanimous dec…
Alycia Baumgardner entered the Theater at Madison Square Garden on Saturday morning as the defending champion of three junior‑lightweight belts (WBO, IBF, WBA) and delivered a textbook performance against South Korea’s Bo Mi Re Shin. The Ohio‑born fighter, trained by Derrick James, secured a wide‑margin unanimous decision, with judges scoring the bout 98‑92, 98‑92 and 99‑91, confirming her sixth successful defense in the 130‑lb division. The event, staged by Most Valuable Promotions Women—the new women’s‑boxing platform launched by boxer‑influencer Jake Paul—also featured a dramatic co‑main event. New Zealand’s Lani Daniels, a 37‑year‑old former IBF light‑heavyweight and heavyweight champion, defied 4‑to‑1 odds by stopping unified super‑middleweight champion Shadasia Green with a ninth‑round technical knockout. Green was subsequently taken to hospital on a stretcher, though promoters later confirmed she was “awake and talking.” Daniels, nicknamed the “Smiling Assassin,” expressed mixed emotions after the bout, saying, “I’m happy but also concerned for her,” while celebrating her third‑weight‑class world title. The upset added a compelling narrative to a night already highlighted by Baumgardner’s dominance. Baumgardner’s fight unfolded under traditional men’s championship rules—ten three‑minute rounds. From the opening bell she imposed her technical superiority, landing crisp straight punches and a sharp right‑left combination that set the tempo. Shin attempted to disrupt the rhythm, even attempting a brief grapple in round three, but Baumgardner’s disciplined jab and footwork kept her in control. Midway through the contest the challenger found brief success, pressing forward in rounds five and six and even edging a round in the judges’ eyes. However, Baumgardner rebounded in round seven, re‑establishing distance and using angles to neutralize Shin’s pressure. By the ninth round she had reclaimed the fight, delivering clean counters that left Shin visibly shaken. In the final round, rather than coasting on the scorecards, Baumgardner engaged in a high‑energy exchange, finishing the night with a flurry that earned her a standing ovation from the thousands‑strong crowd. She entered the ring accompanied by New York rapper Lil’ Kim, a moment that amplified the event’s star power. Post‑fight, Baumgardner highlighted the physical demands of three‑minute rounds, stating, “Three‑minute rounds, ten rounds, on my period—baby, stop playing with me.” Her comments underscored an ongoing push within women’s boxing for longer rounds, a change she believes suits her aggressive style. Looking ahead, Baumgardner voiced interest in marquee match‑ups, naming Irish champion Katie Taylor as a dream opponent and also mentioning Amanda Serrano as a viable New York showdown. She emphasized that she “deserves the biggest fights and the biggest paydays,” signaling her ambition to elevate the profile—and profitability—of women’s boxing.
#baumgardner #her #shin
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Technology Apr 18, 2026

Man Arrested for Throwing Molotov Cocktail at OpenAI CEO Sam Altman's Home

A 20-year-old man, Daniel Moreno-Gama, was arrested for throwing a molotov cocktail at OpenAI CEO S…
A molotov cocktail attack was carried out on the home of OpenAI CEO Sam Altman in San Francisco on April 10. The suspect, 20-year-old Daniel Moreno-Gama, was arrested less than two hours later while attempting to break into OpenAI's headquarters with a jug of kerosene, a lighter, and an anti-AI manifesto.Moreno-Gama has been charged with attempted arson and attempted murder, and faces up to life in prison if convicted. His parents stated that he had recently suffered a mental health crisis. The attack is seen as part of a growing trend of discontent against artificial intelligence and is the most prominent attack so far against a person or business related to the technology.The FBI and California state authorities have vowed to use the full force of law enforcement to prevent any acts of destruction against the industry, stating that they will not tolerate threats against innovation leaders. Moreno-Gama's public defender has criticized the charges, saying that the attack was the result of a mental health crisis rather than an attempt to harm.Moreno-Gama had a history of posting anti-AI sentiment online, and had joined online forums advocating for the prevention of advanced artificial intelligence. He also published a manifesto condemning AI and calling for the killing of CEOs involved with the technology.
#moreno-gama #altman #his
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World Economy Apr 18, 2026

Franco Manca to shut 16 sites as soaring costs and over‑expansion curb UK sourdough pizza boom

UK sourdough pizza chain Franco Manca will close 16 restaurants under a company voluntary arrangeme…
When Franco Manca opened its first outlet in Brixton Market in 2008, its affordable, slow‑fermented sourdough pizzas quickly became a London sensation, drawing long queues and media buzz.Fast‑forward to 2026, the chain announced the closure of 16 restaurants via a company voluntary arrangement (CVA), endangering around 225 jobs. The sites slated for shutdown include nine locations in London – notably the original Brixton shop – as well as outlets in Hove and Glasgow.CEO Marcel Khan attributed the pull‑back to a “string of external cost pressures” hitting the hospitality sector, citing higher national‑insurance contributions, the living‑wage increase and rising business rates that have rendered several stores financially unsustainable.Despite speculation about a UK “peak pizza” moment, industry analysts say demand for pizza remains robust. Consultant Peter Backman notes that sourdough pizza now represents roughly 20% of all pizza sales and that the overall pizza market is growing faster than inflation.The sourdough trend, which exploded online during the pandemic, has migrated into supermarkets. Backman estimates that retail now accounts for about half of all pizza sales, and Mintel data shows sourdough‑based pizza products made up 29% of new launches between 2022 and 2025.However, the premium perception of sourdough means it commands higher prices. While a Margherita was £4.60 at the chain’s debut, recent visits record prices near £10, a jump that food‑blogger Gerry del Guercio says has eroded the brand’s original value proposition.Competitive pressure is also intensifying. Independent pizzerias and rivals such as Rudy’s and Pizza Pilgrims have accelerated growth, leveraging social media to attract cost‑conscious consumers who now favour supermarket‑bought pizzas or home‑baked alternatives.Industry observers, including CGA consultant Reuben Pullan, argue that Franco Manca’s challenges are less about waning consumer interest and more about the “unfortunate churn” caused by higher energy and procurement costs across a large estate of sites.Backman adds that the CVA could ultimately be beneficial, allowing the chain to shed under‑performing stores and regain financial flexibility. He concludes that Franco Manca still possesses a strong brand and a product in demand, suggesting the chain may stabilise after the restructuring.
#pizza #says #franco
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Politics Apr 18, 2026

Trump Claims Major Concessions from Iran in Potential Ceasefire Talks

US President Donald Trump has claimed that Iran has agreed to significant concessions, including ke…
US President Donald Trump has made a series of claims about concessions secured from Iran ahead of possible ceasefire talks, including that Tehran has agreed to keep the Strait of Hormuz open and turn over its nuclear stockpile.On Friday, Trump posted on Truth Social that Iran had agreed to open — and “never close” — the Strait of Hormuz, a critical waterway for global oil shipments. He also claimed that Iran would turn over its “nuclear dust” and that Israel would be “prohibited” from launching attacks in Lebanon.Iran has confirmed reopening the Strait of Hormuz for the “duration” of the current pause in fighting, which is set to end early next week. However, officials have pushed back on claims regarding its nuclear stockpile, with a source telling Al Jazeera negotiations remain at a preliminary stage.Despite the outstanding questions, Trump struck a celebratory tone, calling Friday “A GREAT AND BRILLIANT DAY FOR THE WORLD!” He also told Bloomberg News that he expected talks to move forward on Sunday with a permanent ceasefire deal in sight.“We’re not seeing the full picture,” Yezid Sayigh, a senior fellow at the Carnegie Middle East Center, told Al Jazeera, pointing to Trump’s penchant for hyperbole and several unresolved issues. “But this does suggest a positive momentum towards something that may end up being a comprehensive deal.”Sayigh added that Trump could have ulterior motives in striking an upbeat tone, at a time when the chokehold in the Strait of Hormuz is driving up prices for everything from fuel to fertiliser.“It is very interesting that President Trump is putting such a positive spin on things, not only to encourage markets and talk down oil prices and talk stock market prices up,” Sayigh said. “But also, I suspect, because he’s preparing the ground for more revelations about what is being negotiated with Iran.”
#Donald Trump #Iran #Strait of Hormuz
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