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Economy May 23, 2026

Iran Conflict Keeps U.S. Fuel Prices Elevated Through 2026

Even a swift peace settlement with Iran would not bring U.S. gasoline prices back to pre‑war levels…
War‑Driven Surge Pushes U.S. Pump Prices Above $4.50 Since the U.S. and Israel struck Iran in late February, the national average gasoline price has climbed to $4.55 per gallon (as of 22 May), roughly $1.50 higher than the pre‑conflict level. The spike reflects a 53 % increase in retail fuel costs, according to data from the Guardian’s interactive chart. Quantifying the Shock: Key Price and Supply Metrics $4.55 – current national average gasoline price (22 May 2026). $3.00 – approximate pre‑war baseline. 53 % – price rise since the first U.S.–Israeli strikes. 20 million barrels per day – share of global seaborne crude that transits the Strait of Hormuz (≈25 % of world trade). 30‑60 days – typical time to turn a barrel of crude into finished fuel. Why Prices Won’t Normalize Even If Hostilities End Tomorrow Energy analysts Denton Cinquegrana (Dow Jones Energy) and David Ruisard (Argus Media) stress that the bottleneck is not just the price of crude but the physical state of Gulf infrastructure. Even an undamaged well requires weeks to restart, and large crude carriers move at only about 13 knots, meaning a full backlog could take three to five weeks to clear. Furthermore, the region’s refineries need time to heat up and resume processing, while logistics for repositioning tankers add additional delays. As a result, industry estimates for a return to pre‑war price levels range from six months to two years. Broader Economic Ripple Effects The sustained “war premium” on fuel is feeding inflation and shaping political sentiment, as reflected in recent polls showing a historic backlash against President Trump. Higher pump prices also pressure other transport fuels: diesel remains tight, and jet fuel spikes have forced European airlines to adjust routes, though Ryanair’s CEO Michael O’Leary notes a modest easing as alternative supplies arrive. Despite the cost, travel demand stays strong—AAA projects 45 million Americans will take a Memorial Day trip, potentially setting a new record. Outlook: Volatility Through Summer, Gradual Normalization Post‑Conflict If the Strait of Hormuz reopens immediately, analysts expect summer gasoline prices to settle in the mid‑to‑upper $3 range. If the chokepoint stays closed, prices could creep toward $5 per gallon and possibly set new records. Both Patrick De Haan (GasBuddy) and Cinquegrana agree that any short‑term dip after a peace announcement would be fleeting, driven more by sentiment than fundamentals. Long‑term, countries hit hardest by the shock—such as Pakistan, India, South Korea and Japan—are likely to build strategic reserves, adding a structural floor to demand. In short, even a rapid diplomatic resolution will not erase the supply‑chain lag, and U.S. drivers should brace for elevated fuel costs well into 2027.
#United States #Iran #gas prices
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Politics May 23, 2026

Senegal's President Faye Dismisses PM Sonko and Dissolves Government

Senegal's President Bassirou Diomaye Faye has dismissed Prime Minister Ousmane Sonko and dissolved …
The Sudden Dismissal Senegal's President Bassirou Diomaye Faye has dismissed Prime Minister Ousmane Sonko and dissolved the government, a move that risks deepening uncertainty in a country grappling with a debt crisis and ongoing talks with the International Monetary Fund (IMF). The Background of Growing Tensions The decision follows months of growing tensions between Faye and Sonko. Sonko, a charismatic figure with a strong youth following, had backed Faye in the 2024 election after being barred from running himself due to a defamation conviction, but the two allies became increasingly estranged. Economic Pressures and IMF Talks The split comes as Senegal faces mounting economic pressure. The IMF froze a $1.8bn lending programme following the discovery of misreported debt hidden by the previous government, pushing the country's end-2024 debt level to 132 percent of its economic output. Faye's move raises the risk of further delays in reaching a new agreement with the IMF. Earlier on Friday, before Sonko's dismissal, Finance Minister Cheikh Diba told parliament that the government expects to resume talks with the IMF in the week of June 8 and hopes to reach an agreement on key points by June 30. Future Implications and Governance Now that Sonko is out of his job, it is unclear what his next steps will be. In March, he said he would be willing to take his Pastef party out of the government and return to opposition if Faye departed from the party's agenda. Pastef dominates the National Assembly, meaning it could complicate governance and the passage of reforms needed to secure IMF support.
#Senegal #Bassirou Diomaye Faye #Ousmane Sonko
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Politics May 23, 2026

Zelenskyy Pushes for Full EU Membership, Rejects Associate Status

Ukrainian President Volodymyr Zelenskyy has declared that the time is right for Ukraine to begin th…
The Lead: Ukraine's Push for Full EU MembershipUkrainian President Volodymyr Zelenskyy has told European Union leaders that now is the time to begin the process of Ukraine's accession to the bloc, describing a proposal for associate membership as "unfair." Zelenskyy emphasized that associate membership would leave Ukraine "voiceless" because it would not have voting rights, which would prevent Kyiv from advancing its interests.The Event Details: Political Shift in EU Accession ProcessUkraine has intensified efforts to join the EU after Hungary's former prime minister, Viktor Orban, was ousted in parliamentary elections last month. Under Orban, who maintained close ties with Russia, Budapest repeatedly used its veto power to block Ukraine's accession bid and stalled approval of aid for Kyiv.Zelenskyy's push for EU membership comes as both Kyiv and Moscow seek to advance their interests on the battlefield. The head of the Russian-occupied Luhansk region in eastern Ukraine said on Saturday the death toll from a drone attack a day earlier had risen to 10.The Data Analysis: Military Gains and CasualtiesZelenskyy said in a post on X that Ukraine had retaken almost 600 square kilometres (230 square miles) of territory since the beginning of the year, adding that Kyiv's gains were forcing Moscow to engage in negotiations aimed at ending the war, which began in February 2022.According to Zelenskyy, about 86,000 Russian soldiers have been killed since the beginning of the year, while at least 59,000 have been seriously injured and a further 800 have been taken prisoner.The Impact Analysis: Escalating Conflict and Infrastructure AttacksUkraine has increased attacks on infrastructure crucial to Russia's military and economy. Earlier this month, Kyiv attempted to attack gas facilities in southwest Russia's Orenburg region, which is home to one of the world's largest gas fields.Zelenskyy confirmed that Ukraine's military hit a large chemical plant, Metafrax Chemical, in Russia's Perm region, 1,700km (1,050 miles) from the border. "The company's products supply dozens of other Russian military production facilities, including aircraft equipment and drones, missile engines, and explosives. The production process at the enterprise has now been halted," he said.Ukraine also attacked Russian oil infrastructure, striking a refinery in the city of Yaroslavl. In Russia's Black Sea port of Novorossiysk, at least two people were injured when falling drone debris caused a fire at an oil terminal.The Prediction: Shifting Dynamics and Future OffensiveUkrainian officials believe Russia may be preparing to launch a new offensive in the coming months, as its troops regroup along the front line. The developments come as both nations continue to assert their positions on the battlefield while simultaneously engaging in diplomatic maneuvering.The United Nations expressed alarm by reports of the drone attack in Luhansk but cautioned that it could not verify the details. Kyiv has denied striking the dorm, saying it targeted an elite drone command unit in the area and that it complies with international humanitarian law.
#Zelenskyy #EU #Ukraine
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Environment May 23, 2026

Young Hiker Witnesses Devastating Mountain Fires in Mourne Mountains

A young hiker, Benjie, recounts witnessing devastating fires in the Mourne mountains, which destroy…
The Hike Turned Disaster Benjie, an eight-year-old hiker, was on a walk with his group in the Mourne mountains, specifically at Hen, Cock and Pigeon Rock, when they noticed smoke in the distance on May 23. Initially, the smoke seemed minimal, and they continued their hike. Escalating Flames and Smoke As they ascended one of the mountains, the extent of the smoke became alarmingly apparent. They soon saw a ring of flames and heard the fire crackling across the valley. The smoke began to obscure the sun, prompting them to change their plans. A Change of Plans Initially planning to walk to Bloody Bridge on the other side of the mountains. Decided to head to Tolleymore Forest Park instead due to the worsening fire situation. Witnessed six more fires and 12 fire engines en route. The Aftermath Benjie later learned that the fires persisted for many days, destroying a vast area. The fires were suspected to have been started deliberately, and it was reported that recovery efforts could take decades. Benjie expressed sadness and anger over the damage caused to wildlife. A Call to Action The Young Country Diary, where Benjie's story was published, continues to share stories about nature and the environment. The submission form will reopen on June 1 for summer articles.
#Mourne Mountains #Wildfires #Northern Ireland
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Politics May 23, 2026

US Munitions Shortage Threatens Future Wars After Iran Conflict

A Senate hearing revealed a pause on a $14 bn weapons sale to Taiwan as the U.S. scrambles to reple…
The acting Navy secretary Hung Cao told a Senate committee that the United States is temporarily pausing a $14 bn arms sale to Taiwan to ensure sufficient munitions for the Iran operation dubbed Epic Fury. The disclosure, coupled with a Washington Post report on interceptor usage, has sparked concerns that the U.S. may be exhausting its strategic missile stockpiles faster than they can be replenished. Senate Hearing Highlights $14 bn Taiwan Sale Pause and Iran‑War Munitions Demand During the hearing, Cao emphasized that the pause is a precaution, not a sign of a critical shortage, stating the U.S. has “plenty” of munitions for Epic Fury. Yet his own remarks underscored a broader tension: while officials publicly project confidence, internal data suggest a rapid drawdown of high‑value weapons used against Iran. Interceptors and Tomahawks: The Scale of US Depletion THAAD interceptors: >200 launched – roughly 50% of the U.S. inventory. SM‑3/SM‑6 missiles: >100 deployed. Tomahawk cruise missiles: >1,000 used out of an estimated 3,100. Overall, seven critical munitions saw more than half of their pre‑war stockpiles expended, according to a CSIS report dated April 21. Strategic Ripple Effects for Allies and Future Theaters The depletion has immediate implications for U.S. partners. Japan and South Korea, which rely on American missile‑defence systems, face heightened risk if the supply chain cannot keep pace. Gulf allies also worry about reduced availability of Patriot and THAAD systems should the Iran conflict reignite. Moreover, the same interceptors are needed for potential Indo‑Pacific contingencies involving China, amplifying the strategic stakes. Rebuilding the Arsenal: Timeline and Policy Choices Analysts from the International Institute for Strategic Studies and CSIS warn that restoring pre‑war levels for the seven most‑depleted munitions will require “one to four years” as production pipelines catch up. Factors such as supply‑chain bottlenecks, skilled‑labor shortages, and rare‑earth material constraints slow the ramp‑up. Until capacity improves, U.S. planners must factor stockpile depth into escalation calculations, potentially limiting the frequency or intensity of future strikes.
#United States #Iran #THAAD
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Entertainment May 23, 2026

Ponies Review: Emilia Clarke's Joyful 70s Spy Thriller

The TV series 'Ponies' starring Emilia Clarke and Haley Lu Richardson as two widows turned spies in…
The Lead 'Ponies' is a weirdly joyful and bizarrely endearing espionage thriller cum female buddy caper set in 1970s Moscow. The series, starring Emilia Clarke and Haley Lu Richardson as two widows turned spies, has been praised for its unique blend of modern feminist sensibility and 70s movie aesthetics. The Event Details The show's setup is almost embarrassingly absurd: the wives of two dead CIA agents persuade their husbands' boss to take them on as spies, on the grounds that the KGB will never suspect that women have been recruited. The series follows their adventures as they navigate the world of espionage, using their unique skills and personalities to overcome challenges. The Character Dynamics Clarke and Richardson play Bea, a Wellesley-educated daughter of Belarussian emigrants who speaks fluent Russian, and Twila, a brash, blue-collar American. Their chemistry makes them greater than the sum of their parts, and their odd couple dynamic is a highlight of the show. The Impact Analysis 'Ponies' is a mashup of genres and tropes, but it is its own thing too – and an unexpected treat at that. The show's blend of humor, action, and heart makes it a standout in the espionage thriller genre. The Prediction With its unique blend of style, humor, and heart, 'Ponies' is likely to appeal to fans of espionage thrillers and female buddy comedies alike. The show's success could pave the way for more innovative and genre-bending series in the future.
#Emilia Clarke #Haley Lu Richardson #Ponies
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Lifestyle May 23, 2026

Authors Share Books to Reignite Your Love for Reading

Notable authors and public figures share their book recommendations to help readers rediscover the …
The LeadIn an era of digital distractions, renowned authors and public figures have come together to share their most compelling book recommendations, aiming to reignite readers' passion for literature. From Nobel laureates to best-selling authors, these selections offer diverse perspectives and captivating stories designed to rekindle the joy of reading.The Literary SelectionsMalala Yousafzai, the activist and Nobel laureate, recommends Enter Ghost by Isabella Hammad. This British-Palestinian novel follows an actor who travels to the West Bank and becomes involved in a local production of Hamlet. Yousafzai was particularly moved by the rehearsal scenes that explore "arguments over translations, personal relationships, the question of whether a performance is even possible under Israeli occupation." She believes Hammad demonstrates that "theatre is capable of carrying weight that other art forms cannot hold."David Miliband, CEO of the International Rescue Committee, suggests Free: Coming of Age at the End of History by Lea Ypi. This memoir chronicles growing up in Albania, the last Stalinist country in Europe. Miliband describes the book as "at once hilarious and serious, appalling in its description of the lies and tentacles of the regime of Enver Hoxha and touching in its humanity." He notes that the author's journey from "Young Pioneer" in the Albanian Communist party to professor in the UK makes the book "more than a work of memory or history. It is also an engagement with the challenges of the present."Katherine Rundell, acclaimed author, enthusiastically recommends Luke Kennard's Black Bag. She admits to laughing "aloud dozens and dozens of times" while reading this novel about a young actor who takes a job dressing in a black bag during psychology lectures to gauge students' reactions to strangeness. Based on a real 1967 experiment, Rundell praises its "brilliant" and "inventive originality," calling it "a triumph of a book" that is "very powerfully worth your time."Jack Thorne, screenwriter, revisits Susan Cooper's classic The Dark Is Rising. As someone who identifies as "quite a weird kid," Thorne found that the book "found that weirdness and twisted it." He's holding off sharing it with his 10-year-old until the "perfect age" of 11, praising its exploration of "the battle between the Dark and the Light" that "weaves myth and history into a glorious concoction that uses language as a weapon."Margaret Busby, publisher and president of English PEN, recommends CLR James's The Black Jacobins: Toussaint L'Ouverture and the San Domingo Revolution. First published in 1938, this historical work documents "the only successful revolt of the enslaved in history." Busby, who had a personal connection to the author (her father was James's friend from schooldays in Trinidad), calls it an "uplifting example of how the personal and political connect" and notes its continuing relevance as "a defiant call to resisting oppression."The Reader ImpactThese diverse recommendations offer readers a pathway back to literary engagement by providing books that are not only entertaining but also intellectually stimulating. Each selection offers a unique perspective that can challenge readers' thinking while providing the pleasure of immersive storytelling. The variety of genres and styles represented ensures that there's something for every type of reader, whether they prefer contemporary fiction, historical accounts, or fantasy.The Cultural SignificanceIn an increasingly fragmented media landscape, these recommendations highlight the enduring power of books to connect us to different experiences and perspectives. The selections reflect both timeless themes and contemporary concerns, demonstrating how literature continues to evolve while addressing fundamental human questions. The fact that these recommendations come from diverse figures—activists, politicians, writers, and scholars—underscores the broad cultural relevance of reading across different professions and backgrounds.The Future of ReadingAs digital distractions continue to compete for our attention, curated recommendations from trusted voices may become increasingly important in guiding readers back to literature. These selections suggest a trend toward books that offer both entertainment and substance—works that can make us laugh while making us think. The enduring appeal of physical books, as evidenced by the care taken in describing these specific editions, indicates that despite digital alternatives, many readers still value the tangible experience of reading a well-crafted book.
#Malala Yousafzai #David Miliband #Katherine Rundell
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Lifestyle May 23, 2026

How Kristen Stewart's Heist Movie Inspired Me to Leave Engineering for Oil Rigs

A woman shares how Kristen Stewart's heist movie 'Catch That Kid' inspired her to pursue a life of …
The Unlikely Inspiration A family comedy starring Kristen Stewart and Corbin Bleu sparked a thirst for adventure in a young girl, leading her to pursue a life she never thought possible. A Life-Changing Film The 2004 film 'Catch That Kid' tells the story of three kids who rob a bank to pay for Stewart's father's expensive surgery. The film's successful heist and the trio's escape on go-karts left a lasting impression on the young girl. A Journey of Self-Discovery The girl's fascination with the film led her to declare that she would become the first black, female, Muslim Formula One driver. Although she couldn't afford to pursue this dream, she studied mechanical engineering and eventually landed a job on a remote oil rig. The Allure of Oil Rigs The woman was drawn to the adventure and technical challenges of working on oil rigs. She worked as a measurement while drilling (MWD) specialist and drilling engineer, often in demanding conditions. A New Chapter Although she eventually left the oil rigs to become a writer, she remains grateful to Kristen Stewart and her co-stars for inspiring her to take a path she never would have considered otherwise.
#Kristen Stewart #The Guardian #Oil Rigs
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World Wide May 23, 2026

Deadly Gas Explosion at Liushenyu Coal Mine Highlights Safety Crisis in China

A gas explosion at the Liushenyu coal mine in Shanxi province killed at least 90 workers, underscor…
Deadly Blast at Liushenyu Mine Shuts Down Operations State media Xinhua reported that a gas explosion ripped through the Liushenyu mine in Qinyuan county, Shanxi province on Friday, killing at least 90 people. The blast struck while 247 workers were underground, making it the deadliest mining disaster in China in more than a decade. Casualties, Workforce and Production Figures Highlight Scale Deaths confirmed: 90 Workers on shift at time of explosion: 247 Shanxi’s 2025 coal output: > 1 billion tonnes (≈ one‑third of national production) China’s share of global coal consumption: > 50% The province accounts for almost a third of China’s total coal extraction, meaning any shutdown reverberates through national energy supplies. Safety Lapses and Environmental Stakes Prompt Nationwide Scrutiny China’s coal mines have long been labeled among the world’s deadliest due to weak regulation, corruption, and inadequate safety standards. The explosion followed a carbon‑monoxide alert that reportedly indicated gas levels exceeding safe limits. CGTN confirmed the mine’s overseer has been arrested, and President Xi Jinping ordered all regions to intensify accident‑prevention measures. Beyond the human toll, the incident raises concerns about China’s ability to balance its status as the world’s largest coal producer with its commitments to reduce greenhouse‑gas emissions. The disaster could accelerate calls for a faster transition to renewable energy sources. Tightened Oversight Likely to Reshape China’s Coal Sector Analysts expect the central government will impose stricter safety inspections and possibly limit production at high‑risk mines. Potential outcomes include: Increased funding for modern monitoring equipment to detect hazardous gases. Revised penalties for safety violations, aiming to deter corruption. Accelerated investment in clean‑energy projects as part of China’s carbon‑neutrality roadmap. While short‑term coal output may dip, the long‑term effect could be a more regulated, safer industry that aligns with global climate goals.
#Liushenyu Mine #Shanxi Province #Xi Jinping
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