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World Economy Apr 07, 2026

Vietnam gig workers' earnings slashed as Iran‑linked fuel price surge doubles diesel costs

Rising fuel costs triggered by the Iran‑related blockade of the Strait of Hormuz have forced Vietna…
Vietnam’s gig‑economy is under pressure as fuel prices soar following the Iran‑related blockade of the Strait of Hormuz. Nguyen, an e‑hailing driver in Ho Chi Minh City, reported that a 7‑hour shift earned him 240,000 VND (≈$9.11) while fuel alone cost 120,000 VND (≈$4.56), wiping out half his income.Diesel prices have more than doubled and petrol has risen by almost 30 %, straining riders who rely on motorcycles – the dominant transport mode in a city of over 7 million two‑wheelers.In response, Prime Minister Pham Minh Chinh announced a temporary suspension of the environmental tax on diesel, petrol and aviation fuel until 15 April, a move that will forfeit an estimated $273 million in revenue but aims to curb the price surge.Experts warn the shock highlights Vietnam’s vulnerability to external conflicts. Nguyen Khac Giang, a visiting fellow at the ISEAS‑Yusof Ishak Institute, said the tax cut is essential to “keep macro‑economic stability intact” amid “turbulence outside Vietnam”.Beyond gig workers, the ripple effect reaches public transport and airlines. Bus operators have raised fares by 3,000 VND (≈$0.11) yet still face losses, while Vietnam Airlines and Vietjet have trimmed flight schedules.Gig workers lack collective bargaining power. Do Hai Ha, a University of Melbourne research fellow, noted that platform drivers “have no chance to negotiate with the platforms” and are excluded from minimum‑wage or overtime protections, forcing many to work longer hours for diminishing returns.Small‑scale entrepreneurs are also feeling the pinch. A fisherman from Binh Thuan reported that his catch price fell from 800,000 VND (≈$30) to 650,000 VND (≈$24) as fuel costs climbed, while a bus fare collector on route 13 said the company cannot absorb the higher fuel bill despite modest fare hikes.Households are cutting back on essential goods. Uyen Pham of Saigon Children’s Charity observed that the price of bottled cooking gas has nearly doubled, prompting low‑income families to revert to wood‑fuel stoves and limit travel to see relatives.The crisis is prompting a strategic rethink on energy policy. Giang warned that Vietnam’s reliance on just two refineries – which currently meet only 40 % of national petrol demand – is unsustainable, urging accelerated investment in domestic refining capacity.Corporate responses are already shifting. Vingroup, the country’s largest conglomerate, announced it would pause a planned LNG‑fired power plant and redirect funds to renewable projects, citing “significant risk of high fuel prices” linked to the war.For workers like Duy, who runs a café near a petrol station, the tax suspension offers modest relief: projected price cuts of about 25 % for petrol and 5 % for diesel could ease daily expenses that had briefly doubled.
#vietnam #prices #fuel
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World Economy Apr 07, 2026

Iran Threatens Closure of Bab al-Mandeb Shipping Route, Risking Global Trade Disruption

A top Iranian adviser has threatened to shut the Bab al-Mandeb shipping route, a crucial waterway f…
Iran has issued a threat to close the Bab al-Mandeb shipping route, a vital waterway connecting the Red Sea to the Gulf of Aden, in response to escalating tensions with the US. Ali Akbar Velayati, a top adviser to Supreme Leader Mojtaba Khamenei, warned that Iranian allies could shut the route, similar to Iran's effective closure of the Strait of Hormuz.The Bab al-Mandeb is a crucial passage for global oil trade, with 4.1 billion barrels of crude oil and refined petroleum products passing through it in 2024, accounting for 5% of the global total. A closure of both the Bab al-Mandeb and the Strait of Hormuz would block 25% of the world's oil and gas supply.The strait is effectively controlled by the Iran-backed Houthis, who have already demonstrated their ability to disrupt shipping in the region. During Israel's conflict in Gaza, the Houthis blocked the Bab al-Mandeb for ships associated with Israel or the US.A closure of the Bab al-Mandeb would have significant implications for global trade, particularly for Saudi Arabia's oil exports to Asia and global container shipping from China, India, and other Asian countries to Europe. It could also exacerbate the ongoing global energy supply crisis.Experts warn that a blockade of the Bab al-Mandeb would create a 'nightmare scenario,' disrupting trade toward Europe and potentially leading to a broader conflict in the region.
#bab #al-mandeb #strait
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Features Apr 07, 2026

Ukrainian Drone Strikes Ignite Baltic Oil Hubs, Cutting Russia’s Export Revenues by $1 Billion

Ukrainian long‑range drones have set fire to Russia’s two main Baltic oil terminals, halting shipme…
For Konstantin, a 53‑year‑old resident of St Petersburg, the war in Ukraine has become a literal scent in the air. Over the past fortnight he has repeatedly detected the acrid odor of burning crude, fuel and chemicals drifting from Ukrainian drone strikes on Russia’s two largest Baltic oil terminals. The facilities at Ust‑Luga and Primorsk together handle about 40% of Moscow’s seaborne oil exports and roughly 2% of global oil supply, according to the International Energy Agency. Both ports lie within 150 km of St Petersburg, making the smoke visible – and smelt – to locals. Ukrainian drones have flown more than 1,000 km from the front lines to strike storage tanks and loading infrastructure, igniting fires that have burned for days. The smell, described by Konstantin as a mix of diesel exhaust, burning plastic and rotten eggs, first appeared in late March. These attacks are a key element of Kyiv’s strategy to erode Russia’s “unexpected windfall” from oil exports, a revenue stream that has surged as the US‑Israel campaign against Iran pushed global oil prices higher. Satellite imagery shows extensive damage at both terminals, with Ust‑Luga’s sprawling processing complex blackened by fire. As a result, both ports are currently unable to dispatch cargo, forcing traders to reroute oil to smaller Baltic and Black Sea ports that lack the capacity to absorb the displaced volume. Financial analysts estimate that the disruption has already cost Moscow roughly $1 billion in lost export earnings, according to Bloomberg data released on March 31. Moreover, every $10 rise in global oil prices translates into about $1.6 billion of additional monthly income for the Kremlin. Russian officials have blamed European nations for allegedly facilitating the drone overflights, but Ukrainian experts dispute this claim. Andrey Pronin, a pioneer of Ukraine’s drone warfare, emphasized that the strikes are meticulously planned to stay within Russian airspace, bypassing air‑defence systems. Since the campaign began, Ukrainian forces have targeted 13 oil sites, seriously damaging at least eight refineries from the Baltic coast to the Volga region. The attacks are timed to coincide with the heightened profitability Russia enjoys from the Iran‑related oil price surge, according to researcher Nikolay Mitrokhin of Bremen University. Beyond the immediate economic impact, Kyiv views the strikes as leverage in negotiations with Moscow. President Volodymyr Zelenskyy has floated the idea of a temporary moratorium on attacks against Ukrainian energy infrastructure in exchange for concessions, though the strategy also inadvertently benefits Iran by sustaining higher oil prices. On the tactical side, Ukraine now relies heavily on FP‑1 drones produced by the domestic Firepoint company. These unmanned aircraft can carry up to 120 kg of explosives and travel roughly 1,500 km, enabling strikes deep inside Russian territory. For civilians living near the conflict zones, the nightly “fireworks” of explosions have become a grim routine. Abdulla, a Tatar resident of Crimea, described the constant shelling as a new normal, while analysts note that President Vladimir Putin remains resolute, using the ongoing talks with the White House as a diplomatic façade. Overall, the Ukrainian drone campaign illustrates how modern warfare increasingly intertwines kinetic attacks with strategic economic disruption, reshaping the dynamics of the Russia‑Ukraine war and its broader geopolitical reverberations.
#ukraine #russia #primorsk
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News Apr 07, 2026

Ukraine Launches Drone Strikes on Russian Black Sea Energy Hub

Ukraine's military has conducted a drone strike on a Russian warship and a drilling rig in the Blac…
Ukraine's military has launched a significant drone strike on Russian energy infrastructure in the Black Sea, targeting the port of Novorossiysk. According to Ukrainian drone forces commander Robert Brovdi, the overnight attack hit the Admiral Makarov missile carrier in the port, which serves as Russia's largest oil exporting outlet on the Black Sea.The attack is part of Ukraine's broader strategy to disrupt Russian energy exports and reduce Moscow's revenues. Ukraine has increased its attacks on Russian energy infrastructure in recent weeks, aiming to halt Russian oil exports and impact the Russian economy.Russian authorities reported that at least eight people, including two children, were injured in Novorossiysk. Videos posted on Telegram showed a fire at one of the oil port's docks. Novorossiysk Mayor Andrei Kravchenko stated that debris from drones had fallen on two locations in the city, including a residential area.Russia's military claimed that air defense units had downed 148 Ukrainian drones over a three-hour period. The Caspian Pipeline Consortium (CPC) terminal, located in the Novorossiysk port area, exports oil from Kazakhstan and has major US oil companies, such as Chevron and ExxonMobil, as shareholders.The attack on Novorossiysk comes amid a series of Ukrainian drone strikes on Russian oil infrastructure. On the previous day, Ukrainian drones struck Russia's Baltic Sea port of Primorsk and the NORSI oil refinery in Nizhny Novgorod. These attacks are part of Ukraine's efforts to reduce Moscow's revenues from oil sales, which are crucial for the Russian economy.In response to the attacks, Russia's Ministry of Defence accused Ukraine of deliberately targeting the CPC terminal to inflict economic damage on its largest shareholders, including US and Kazakh energy companies.
#oil #russia #russian
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World Economy Apr 07, 2026

Libya's Oil Disputes Mirror Hormuz Crisis, Threatening European Energy Security

Libya's oil disputes are escalating, mirroring the crisis in the Hormuz Strait and posing significa…
The global oil trade is facing a chokepoint crisis, with Libya's oil disputes mirroring the situation in the Hormuz Strait. The Strait of Hormuz, a critical waterway for oil transportation, was briefly closed after US and Israeli strikes on Iran in late February, causing Brent crude oil prices to soar to nearly $120 a barrel.Libya, with its strategically located oil terminals on the northeastern coast, has become a crucial player in the global oil trade. The country's light, sweet grades of oil are particularly valuable to European refiners. However, Libya's political instability and factional oil deals are threatening to disrupt oil supplies, with Europe's energy security hanging in the balance.The Libyan National Army (LNA), led by Khalifa Haftar, controls the territory where Libya's oil is located, while the Government of National Unity (GNU) in Tripoli signs oil contracts. This has led to a situation where Tripoli may sign oil contracts, but Haftar decides whether oil actually flows. The Arkenu agreement, a private oil company linked to the Haftar family, was recently terminated due to corruption allegations, leaving the future of Libya's oil supplies uncertain.The US is attempting to broker new talks between Tripoli and Haftar's camp, but a deal is not yet certain. Meanwhile, European energy security is at risk, with the Mediterranean Sea becoming a battleground for proxy wars between Russia and Ukraine. The sabotage of oil infrastructure and attacks on tankers are exacerbating the situation, highlighting the need for a stable and secure oil supply to Europe.
#oil #libya #libyan
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News Apr 07, 2026

Former Kursk Governor Sentenced to 14 Years for Corruption That Weakened Border Defences During Ukraine’s 2024 Incursion

A Russian court sentenced ex‑governor Alexei Smirnov to 14 years in a penal colony for taking bribe…
A Russian court on Monday handed former Kursk governor Alexei Smirnov a 14‑year prison term in a penal colony after finding him guilty of corruption that left the region’s border defenses vulnerable during Ukraine’s August 2024 offensive. According to the verdict, the 52‑year‑old official accepted bribes from construction firms tasked with building anti‑tank barriers. Investigations revealed that the barriers were erected with substandard materials incapable of stopping Ukrainian armored units, directly contributing to the rapid advance of an estimated 11,000 Ukrainian soldiers into Kursk. The court also imposed a fine of 400 million roubles (≈ $4.9 million), confiscated more than 20 million roubles (≈ $220,000) from Smirnov’s assets, and barred him from any employment for ten years. Smirnov, who had been appointed governor in May 2024 and resigned in December of the same year, pleaded guilty and was subsequently detained. He claimed that his predecessor, Roman Starovoit, encouraged the practice of accepting kickbacks. Starovoit, later appointed transport minister, was dismissed by President Vladimir Putin in July 2025 and died under circumstances ruled as suicide. The incursion marked the first time in decades that foreign troops entered Russian soil, forcing an estimated 78,000 Russian soldiers to engage the Ukrainian force and exposing systemic weaknesses in Russia’s border security. The Kremlin responded with a sweeping crackdown on regional and military officials deemed responsible for the failure. Russian forces eventually expelled the Ukrainian units from Kursk in April 2025, reportedly with assistance from several thousand North Korean troops. The episode remains a diplomatic embarrassment for President Putin, highlighting the strategic and political fallout of corruption within Russia’s regional administrations.
#russia #kursk #ukraine
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Politics Apr 06, 2026

Meta Fined $375m in Landmark Case Over Child Sex Trafficking on Facebook and Instagram

A Guardian investigation exposed child sex trafficking on Facebook and Instagram, leading to a $375…
A Guardian investigation has shed light on the dark reality of child sex trafficking on Facebook and Instagram, prompting a landmark lawsuit against Meta. The tech giant has been fined $375m in a New Mexico court case, highlighting its failure to prevent criminal exploitation on its platforms.The investigation, led by reporter Katie McQue, began with a tip-off about surging child sexual abuse trafficking in the US. It uncovered evidence of traffickers using Facebook Messenger and private Instagram accounts to target, groom, and exploit children. Meta was found to be struggling to prevent these crimes, despite warnings from experts and law enforcement.The probe involved extensive research, including analysis of court documents and interviews with former Meta contract workers. These workers reported that their efforts to flag and escalate possible child trafficking often went unaddressed, and harmful content was rarely removed.The investigation's findings were published in April 2023, revealing how Facebook and Instagram had become marketplaces for child sex trafficking. The case was cited in a US supreme court amicus brief, and New Mexico's office of the attorney general filed a lawsuit against Meta for failing to protect children.The lawsuit went to trial, and Meta lost the court battle in March, being ordered to pay $375m in civil penalties. The company has said it will appeal the ruling, maintaining its stance on protecting teens online.This case marks a significant milestone in the ongoing scrutiny of social media platforms' role in combating child exploitation. Meta faces further trials, including one with a coalition of 33 attorneys general alleging the company designed features that 'purposefully addict children and teens.'
#Meta #Facebook #Instagram
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Law Apr 06, 2026

Trump’s Iran threats force U.S. officers to choose between illegal orders and war‑crime liability

President Donald Trump’s ultimatum to bomb Iran’s power grid and bridges has ignited a legal crisis…
President Donald Trump’s recent proclamation that Iran must reopen the Strait of Hormuz or face a combined "Power Plant Day" and "Bridge Day" has thrust senior U.S. officers into a stark ethical quandary: obey a presidential directive that could breach international law, or risk court‑martial for insubordination. In a post on his Truth Social platform, Trump warned that failure to comply would result in an unprecedented strike on Iran’s civilian energy infrastructure, a move that legal scholars agree would amount to a war crime against 93 million civilians. Two former judge‑advocate general officers, Margaret Donovan and Rachel VanLandingham, emphasized that such rhetoric, if acted upon, would place service members on a “path of no return,” directly contradicting the extensive legal training that defines permissible orders. Historical precedent underscores the gravity of the situation. During the Vietnam War, officers who participated in the My Lai massacre were ultimately held accountable, with the court rejecting the “just following orders” defence as the orders were deemed “palpably illegal.” Professor Charli Carpenter of the University of Massachusetts Amherst notes that while many troops can identify manifestly unlawful commands in surveys, translating that awareness into real‑time refusal is far more challenging, especially when the military culture heavily emphasizes obedience to the chain of command. Since assuming office, Defense Secretary Pete Hegseth has reshaped the Pentagon’s legal advisory structure, dismissing senior JAG officials and dismantling the Civilian Harm Mitigation and Response unit created under the previous administration. Consequently, service members now rely on a “GI rights hotline,” whose usage has reportedly surged under the current leadership. Beyond conventional strikes, Trump’s escalating rhetoric has raised alarms about the potential use of nuclear force. Under U.S. protocol, the president alone can initiate a nuclear launch, with the “nuclear football” – a briefcase containing strike options and authentication codes – handed to a close aide. The only safeguard is for senior commanders to deem such an order illegal, a step that experts fear may never occur. Former Joint Chiefs Chairman Gen. Mark Milley, during the previous administration, reportedly instructed senior officers to stay involved in any nuclear decision due to concerns about Trump’s volatility. Nuclear weapons scholar Jeffrey Lewis now warns that confidence in any contemporary intervention is essentially nonexistent, citing Trump’s pattern of purging dissenting military personnel. As the deadline looms, the United States faces a precarious balance between upholding international humanitarian law and navigating a command structure that may be unwilling or unable to challenge the commander‑in‑chief’s most extreme directives.
#trump #his #orders
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Sports Apr 06, 2026

Tadej Pogacar and Other Riders Face Investigation for Running Red Light During Tour of Flanders

Tadej Pogacar, who won the Tour of Flanders for a record-equalling third time, is among riders bein…
Tadej Pogacar, the winner of the Tour of Flanders for a record-equalling third time, is among the riders under investigation for allegedly running a red light at a railway crossing during the race on Sunday. The incident occurred when Pogacar, along with a group of riders, proceeded through the crossing without stopping, while most of the peloton behind them had to halt before the railway. Belgian officials have confirmed that an investigation is underway into the riders who allegedly ran the red light. Although no further details were provided immediately, local media reports suggest that the riders could face fines ranging from €320 to €4,000 (£279 to £3487) and a driving ban of eight days if found guilty. Pogacar, who rides for UAE Team Emirates-XRG, explained after the race that the signal to stop came too late for them. He described the situation, saying, “Suddenly three guys jump on the middle of the road and start waving to stop. How can you stop in one second? I think they could prevent this by stopping us before, no? Not 10 metres before the crossing. I was thinking: ‘Maybe it’s like some protesters or something crazy is going on.’” The Belgian newspaper Het Laatste Nieuws reported that the East Flanders public prosecutor’s office intends to prosecute the riders. Riders could face significant penalties, including fines and a driving ban, if convicted. Race officials ordered the riders who went through the red light to slow down so the rest of the peloton could catch up. The Tour of Flanders, also known as De Ronde (the Tour), is one of cycling’s most challenging one-day races and a “monument” of the sport. This year’s 278km route featured 16 short but punishing climbs and several cobblestone sections. Pogacar’s victory was notable, but the incident has overshadowed his achievement.
#Tadej Pogacar #Tour of Flanders #Belgian Cycling Federation
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