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World Economy Apr 10, 2026

IMF Flags Inflation Surge as US‑Israel Conflict Over Iran Threatens Global Growth

The International Monetary Fund warned that the ongoing US‑Israel war against Iran could spark a wo…
The International Monetary Fund has cautioned that the US‑Israel war on Iran could ignite a new wave of global inflation, jeopardising the outlook for world growth even if the current cease‑fire endures. IMF Managing Director Kristalina Georgieva announced on Thursday that the Fund will lower its growth projection for the global economy at next week’s IMF‑World Bank Spring Meetings, stating that the conflict has turned a potential upgrade into a growth downgrade. Earlier this year the IMF had lifted its forecast to 3.3 % growth for the 191‑member economies. That optimism evaporated after the war erupted on 28 February, driving up oil and natural‑gas prices, damaging energy infrastructure such as refineries and tanker terminals, and disrupting fertilizer shipments essential for global agriculture. Georgieva warned that the conflict is eroding business and consumer confidence and urged member nations to “get your house in order” as heightened defence spending adds further strain to the world economy. She also expressed confidence that the IMF will secure U.S. congressional approval this year for a 50 % increase in quota‑based lending resources, unlocking more of its roughly $1 trillion lending capacity. The United States, the Fund’s largest shareholder, would thereby provide crucial financial reassurance amid uncertain future developments. In a newly released report, the IMF estimated that countries directly involved in armed conflict typically see output fall by about 3 % at the outset, accumulating to roughly 7 % losses over five years. However, the study noted that economies like the United States may avoid severe economic damage because the fighting does not physically affect their own territory. Central banks are also on alert. Georgieva emphasized that “the central bank cannot afford to let inflation spiral out of control,” a statement that precedes the U.S. Federal Reserve’s two‑day policy meeting scheduled for 28–29 April, where interest‑rate decisions will be made amid political pressure from President Trump to lower rates. Other monetary authorities, including the Bank of Mexico, warned that the Middle‑East turmoil could push inflation higher in Latin America’s second‑largest economy, underscoring the broader spill‑over risks of the conflict.
#imf #economy #war
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World Economy Apr 09, 2026

Iran Unveils Strait of Hormuz Toll Plan Amid Ceasefire – Global Shipping Faces New Uncertainty

Iran has announced a protocol that could impose tolls on vessels transiting the Strait of Hormuz, a…
The strategic Strait of Hormuz, linking the Persian Gulf to the Gulf of Oman, has become the focal point of the Israel‑U.S. war on Iran that began in February. In peacetime the narrow waterway handled about 20% of global oil and liquefied natural gas shipments without any tolls, but the conflict has turned it into a contested zone. After a series of Israeli and U.S. strikes, Iran retaliated by targeting merchant vessels it deemed hostile, effectively shutting the passage and triggering one of the most severe energy‑distribution crises in recent memory. While a two‑week ceasefire, brokered by Pakistan, was declared on Tuesday, Tehran has issued a set of official terms that would govern the strait moving forward. According to Iran’s foreign minister Abbas Araghi, safe passage will be allowed in coordination with the Iranian armed forces and subject to technical limitations. The Islamic Revolutionary Guard Corps (IRGC) has even published a new navigation map that pushes traffic farther north, away from the traditional route near Oman’s coast, citing the risk of anti‑ship mines. Central to Tehran’s 10‑point peace proposal is the idea of charging fees for strait usage. Iranian media report that the plan could levy up to $2 million per vessel—a sum to be shared with Oman—or a charge of $1 per barrel of oil shipped. The revenue would allegedly fund reconstruction of military and civilian infrastructure damaged by the U.S.–Israeli campaign. Oman has publicly rejected any toll scheme, with Transport Minister Said Al‑Maawali reminding that the country has already signed all relevant international maritime transport agreements that prohibit such fees. International law adds another layer of complexity. The United Nations Convention on the Law of the Sea (UNCLOS) prohibits levying charges for mere passage through international straits, allowing fees only for services like navigation assistance or port use. Neither the United States nor Iran have ratified UNCLOS, but the principle remains a benchmark for maritime norms. Analysts suggest a possible workaround: charging for de‑mining and safety services rather than for passage itself, which could be permissible under existing legal frameworks. The proposal has sparked diplomatic pushback. At the United Nations Security Council, Bahrain led a resolution urging coordinated reopening of the strait, backed by Qatar, the UAE, Saudi Arabia, Kuwait, and Jordan. The resolution passed with 11 of 15 votes, but was vetoed by Russia and China, who argued it unfairly targeted Iran and ignored the initial strikes. Beyond the region, the United States is unlikely to accept indefinite tolls. Former President Donald Trump, who announced the ceasefire, warned that U.S. forces would remain in the area and threatened to resume attacks if negotiations faltered. American troops are reportedly “hanging around” to assist with traffic buildup, though the extent of their operational control remains unclear. Maritime analyst C. Uday Bhaskar notes that only three to five ships have traversed the strait since the ceasefire began, underscoring the lingering uncertainty for global shippers. He adds that ship owners facing multi‑million‑dollar losses each day may ultimately acquiesce to Iran’s terms, at least temporarily. Should Iran implement a toll regime, the immediate impact would fall on Gulf oil‑producing nations, but the ripple effects could destabilize global energy markets, already strained by supply shocks. Major powers such as the United Kingdom have been coordinating with a coalition of 40 countries to explore alternative mechanisms for reopening the waterway without conceding to tolls. In sum, Iran’s proposed protocol for the Strait of Hormuz introduces a contentious new variable into an already volatile geopolitical landscape, pitting national security interests against established maritime law and the broader stability of world energy supplies.
#iran #unclos #oman
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Politics Apr 09, 2026

Iran Conflict Leaves No Victors as Regional Costs Soar

The article reflects on the Iran‑related conflict, arguing that the war produced no clear winner an…
The piece titled The war on Iran: Nobody won, everyone paid examines the aftermath of the recent hostilities involving Iran. It argues that the conflict failed to deliver a decisive victory for any side, while inflicting widespread losses that reverberated throughout the Middle East.By highlighting the shared burdens—ranging from disrupted trade routes to strained diplomatic ties—the analysis underscores how the war deepened regional instability rather than resolving underlying tensions.In sum, the article portrays the Iran war as a costly stalemate, reminding policymakers that the true price of conflict is borne by all parties involved.
#Iran #United States #Saudi Arabia
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World Apr 09, 2026

Israel's Large‑Scale Lebanon Strike Risks Undermining US‑Iran Ceasefire and Exposes Netanyahu's Strategic Calculus

A surprise Israeli barrage on Lebanon that killed more than 300 people and hit over 100 sites in te…
On a Wednesday night, Israel launched a massive air campaign against Lebanon that resulted in the deaths of over 300 civilians and struck more than 100 targets within ten minutes, including densely populated neighborhoods in central Beirut. The operation, described by Israeli officials as the largest strike against Hezbollah since the month‑long war with Iran began, has drawn sharp international condemnation. The Israeli government, led by Prime Minister Benjamin Netanyahu, maintains that the attacks were narrowly aimed at Hezbollah operatives who allegedly relocated command posts to civilian districts such as the Dahieh suburb. Critics, however, argue that the scale and timing of the strikes suggest a broader political motive: to disrupt the US‑Iran ceasefire negotiated by former President Donald Trump, a deal many view as unfavorable to Netanyahu. Evidence fueling this theory includes the lack of any prior warning and the targeting of locations where high‑profile Hezbollah figures were present. Among the dead was Ali Yusuf Harshi, the nephew and personal adviser of Hezbollah secretary‑general Naim Qassem, leading some observers to speculate that the operation may have been a failed attempt to eliminate Qassem himself—mirroring Israel’s 2024 alleged assassination of former Hezbollah leader Hassan Nasrallah. Hezbollah officials later claimed they had been “notified of a ceasefire” and were committed to it from the morning of the attack, yet by Thursday both sides were again exchanging heavy fire. Netanyahu’s public justification for the strike—citing the killing of an aide to Qassem—appeared thin, reinforcing the perception that the operation was designed to act as a “spoiler” to a ceasefire he had previously opposed. Analysts at the Soufan Center in New York warned that, even if Lebanon is technically outside the ceasefire framework, the sheer magnitude of Israel’s assault will be viewed as escalatory. They argue the strikes serve a dual purpose: to widen the rift between Iran and its proxies and to retaliate against what Israel perceives as being sidelined in the ceasefire negotiations. Iranian President Masoud Pezeshkian condemned the attacks, stating they breach the ceasefire agreement and render ongoing talks meaningless. He warned of a possible Iranian response against Israel, underscoring the fragile nature of the diplomatic effort. Marion Messmer, director of the international security programme at Chatham House, highlighted a deeper strategic dilemma: the United States’ difficulty in managing its alliance with Israel amid the broader US‑Iran conflict. She noted that Israel’s insistence that its Lebanese operations are unrelated to the ceasefire reveals a “key vulnerability” in Washington’s ability to steer its regional partners, potentially trapping the US in a conflict it seeks to exit. Further complicating the picture, the Israeli Defense Forces reportedly assess that defeating Hezbollah remains unrealistic despite the intensified bombing campaign, suggesting that the current strategy may be more about political signaling than achieving decisive military objectives. In sum, the Israeli strike on Lebanon not only caused a tragic loss of civilian life but also raised serious questions about the durability of the US‑Iran ceasefire, the strategic calculations of Netanyahu’s government, and the broader stability of Middle‑East geopolitics.
#israel #lebanon #hezbollah
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Media Apr 09, 2026

Legendary BBC Wildlife Filmmaker Doug Allan Passes Away During Nepal Trek at 74

Renowned wildlife cameraman Doug Allan, celebrated for his work on BBC series such as Planet Earth …
Doug Allan, a pioneering wildlife cinematographer, died at the age of 74 while on a trek in Nepal, his management firm said, noting he passed away "immersed in nature and surrounded by friends."Best known for his role as principal camera operator on landmark BBC series including Planet Earth, Frozen Planet and The Blue Planet, Allan amassed a remarkable collection of honors, among them eight Emmy Awards, five BAFTAs, and an OBE awarded in 2024 for services to broadcast media and environmental awareness.Born in Dunfermline, Fife, he earned an honours degree in marine biology from Stirling University in 1973 and soon after joined the British Antarctic Survey as a research diver at Signy Island. It was during this period that his passion for filming blossomed, leading to a pivotal encounter with Sir David Attenborough in 1981, which set him on the path to a distinguished career.Allan’s early forays into polar filming began with a 16 mm camera he purchased for an Antarctic expedition, capturing emperor penguins and selling the footage to the BBC—a move that launched his lifelong partnership with the broadcaster.His dedication to extreme‑environment storytelling earned him the Polar Medal twice, underscoring his expertise in filming some of the planet’s harshest locales.In a 2017 interview, Allan revealed he had spent roughly 620 days tracking and recording polar bears. He recounted a memorable moment when a bear’s wet nose brushed a window, likening it to “a squeegee mop cleaning the glass.” Another close encounter saw a hungry walrus seize his legs underwater, which he repelled by striking the animal with his camera.Allan’s visual legacy, described by his representatives as "breathtaking and intimate moments in the natural world," continues to inspire audiences to appreciate and protect Earth’s wonders.
#bbc #obe #nepal
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Sports Apr 09, 2026

Van Dijk vows Liverpool can overturn 2-0 PSG deficit, calls season ‘unacceptable’

Liverpool captain Virgil van Dijk likens the club’s Champions League quarter‑final against PSG to t…
Virgil van Dijk drew a direct parallel between Liverpool’s current Champions League challenge against Paris Saint‑Germain and the club’s famous comeback against Barcelona in 2019, but warned that belief in the squad may be waning under new manager Arne Slot.Liverpool entered the quarter‑final with a 2‑0 deficit after a lackluster first‑leg loss at the Parc des Princes. Van Dijk, however, remains 100% convinced that a dramatic Anfield turnaround is still possible, citing the memory of overturning a 3‑0 first‑leg loss to Barcelona and winning 4‑0 at home.Reflecting on the 2019 semi‑final, the Dutch defender said, “We faced one of the best teams in Europe with the best player in the world, and we were injured. Now we face the European champions again, and on paper no one gives us a chance.” He stressed that success hinges on self‑belief, the manager’s game plan, and relentless intensity from the first minute to the last.Van Dijk also addressed Liverpool’s broader season, which has already produced 16 defeats across all competitions, including a penalty shoot‑out loss in the Community Shield and a recent FA Cup quarter‑final exit to Manchester City. “It’s unacceptable,” he said, describing the inconsistency as “disappointing” and acknowledging that the current squad does not match the standards set during the Klopp era.Despite the setbacks, the captain highlighted a positive sign: the team’s resilience in the previous Champions League rounds, notably the comeback against Galatasaray in the last‑16 and a strong showing against PSG at Anfield last season. He warned that “everything has to click” against a PSG side that excels in every department.Slot’s tactical shift to a three‑man central defence was only practiced for two days before the Paris match, adding to the challenges. Van Dijk admitted that recent league defeats, starting with a 2‑1 loss at Brighton, have tested the squad’s morale, but he remains hopeful that the experience gained in earlier European ties can fuel a decisive second‑leg performance.
#liverpool #against #but
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Sports Apr 09, 2026

American Samoa Women Transform From World Cup Underdogs to Dark Horses with Historic Upsets

The American Samoa women’s national team, once the lowest‑ranked side in the OFC, have shocked oppo…
From the world’s smallest footballing nation – a population of just 45,319 – the American Samoa women entered the 2026 World Cup qualifiers ranked 153rd, the lowest spot in the global rankings.Team captain Alma Mana’o describes the squad as a close‑knit family, noting that several sets of sisters play together and that the Mana’o family holds the record for the most relatives to appear at FIFA events.In November, the side faced Tonga, the tournament’s highest‑ranked opponent. 18‑year‑old Cassidy Drago etched her name into Samoan folklore by netting the nation’s first ever goal in women’s World Cup qualifying, followed quickly by a second, sealing a 3‑0 victory. The momentum continued with a win over the Cook Islands, cementing their reputation as genuine upset‑makers.The second round seemed to promise a return to reality when the Solomon Islands – 80 places above them in the rankings and 2025 Pacific Nations Cup champions – thrashed American Samoa 7‑1 in an Olympic qualifier. Yet, just 90 minutes later, the Samoans produced one of the competition’s most astonishing results: a 1‑0 win over the same opponents.That triumph was followed by another narrow victory, 1‑0 against neighbouring Samoa, securing a place in the final OFC qualifying round and completing the team’s evolution “from underdog to dark horse,” as Mana’o puts it.Looking ahead, American Samoa will meet Papua New Guinea in Auckland – the venue of their inaugural women’s international match 28 years ago. The squad now benefits from the guidance of Amanda Cromwell, the 1996 U.S. Olympic gold‑medal‑winning coach, who has overseen four wins in five games. Mana’o credits Cromwell with professionalising the program, from nutrition plans to dedicated training staff, and says the new standards will become the norm.Mana’o herself broke ground as the first “off‑island” player in 2011 at age 15, enduring an 8‑0 debut loss. Today she celebrates a new generation of teenagers, such as Mia Toeaina and Naiyah Ve’e, who are experiencing a vastly different, more positive football environment.
#American Samoa Football Federation #FIFA Women's World Cup #OFC
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Sports Apr 09, 2026

PSG's 2-0 triumph in Paris highlights Liverpool's recent slump ahead of Champions League return leg

Paris Saint‑Germain defeated Liverpool 2‑0 in the Champions League quarter‑final first leg, exposin…
In a night that felt more theatrical than competitive, Paris Saint‑Germain secured a 2‑0 victory over Liverpool at the Parc des Princes, leaving the English champions questioning their own identity ahead of the second leg.While Liverpool’s players showed resilience by refusing to abandon the fight, the result underscores a deeper issue: the team has lost five of their last eight matches and currently sits fifth in the Premier League, just three points clear of Everton in eighth place. The margin is razor‑thin and the pressure is mounting.PSG’s performance was a masterclass in flair and efficiency. Their first goal set the tone, but it was the second strike at the 66‑minute mark that captured headlines. Georgian winger Khvicha Kvaratskhelia received a swift pass from João Neves, surged past two Liverpool defenders with remarkable balance, evaded Ryan Gravenberch’s challenge, and finished with a composed right‑footed shot that left the Anfield side scrambling.The goal highlighted PSG’s technical edge: their movement was fluid, their ball control assured, and their finishing clinical. In contrast, Liverpool’s pressing strategy, orchestrated by manager Arne Slot, appeared tentative. Slot’s early enthusiasm has given way to a more nervous demeanor, as reflected in his subdued sideline presence.Beyond the scoreline, the match exposed Liverpool’s structural deficiencies. The team’s lack of a clear pattern and the absence of a recognizable “Liverpool goal” raise questions about the effectiveness of Slot’s tactical overhaul, often dubbed “Slot 2.0”.Adding to the narrative, midfielder Dominik Szoboszlai walked off the tunnel alone, a symbolic gesture that contrasted sharply with the collective pursuit of the manager by his teammates. The moment, while minor, hinted at a growing disconnect within the squad.PSG’s dominance was not limited to the goals. Their pre‑match spectacle—flashing lights, dramatic sound cues, and a flamboyant PA announcer—set a tone of confidence that translated onto the pitch. The French side’s control of possession and spatial awareness suggested they could have added another goal with more ruthless finishing.For Liverpool, the defeat is a sobering reminder of the challenges ahead. After a heavy loss to Manchester City in the FA Cup, the Reds entered Paris with evident apprehension. The 2‑0 result, while disappointing, may serve as a catalyst for introspection before the return leg at Anfield.Looking forward, the upcoming fixture at Anfield will test whether Liverpool can summon the “deep Anfield voodoo” that fans often cite as a turning point. The stakes are high: a positive result could revive their European ambitions, while another setback may cement doubts about their season trajectory.
#liverpool #like #his
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World Economy Apr 09, 2026

UK Launches ‘Right to Try’ Scheme to Protect Disabled Workers from Benefit Loss, Yet Advocates Demand Broader Support

The British government is set to enact a “right to try” law that stops automatic benefit reassessme…
The UK government announced legislation that will protect disabled claimants from an automatic reassessment of benefits when they begin paid employment or volunteering. The measure, dubbed the “right to try”, is slated to take effect at the end of April and aims to remove the fear of losing financial support that many say discourages job‑seeking. Minister for Social Security and Disability Sir Stephen Timms framed the policy as a reassurance for people “stranded in the benefits system”. He emphasized that the change also extends to volunteering, which he described as a vital stepping‑stone toward sustainable employment. The new rules will apply to recipients of Employment and Support Allowance (ESA), Personal Independence Payment (PIP) and the health element of Universal Credit. Under the current system, taking up work can trigger a reassessment that often leads to reduced or withdrawn support, a risk that has deterred many disabled individuals from seeking employment. Disability advocates welcomed the development but cautioned that it does not tackle the deeper obstacles faced by disabled job‑seekers. James Taylor, a director at the charity Scope, called the policy “a step in the right direction” but warned that “the odds are stacked against disabled people when it comes to finding suitable work”. He urged the government to fund personalised employment support and to halt further benefit cuts. Research from the flexible‑working nonprofit Timewise underscores the challenge: only 2.5% of long‑term sick or disabled individuals who are economically inactive manage to return to work each year, and more than half of those jobs last fewer than four months. Mikey Erhardt of Disability Rights UK highlighted that a secure “right to try” is essential to ensure that anyone who tries work can retain the same level of support if the venture fails. Critics also noted that the announcement coincides with a controversial reduction to the health element of Universal Credit, which will be halved for new claimants and frozen unless stricter eligibility criteria are met. Timms acknowledged the pressure this creates, saying the previous system forced people to prove they were “too unwell to work”. Campaigners fear the simultaneous cuts will exacerbate financial strain for disabled claimants already navigating an uncertain labour market. Erhardt warned that “hundreds of thousands of disabled people will experience yet another cut in living standards”, arguing that successive governments have treated social security more as a coercive tool than a safety net.
#people #work #disabled
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