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Economy Apr 17, 2026

IMF and World Bank Restore Ties with Venezuela Under Interim Leadership

The IMF and World Bank have announced the resumption of ties with Venezuela under interim leader De…
The International Monetary Fund (IMF) and the World Bank have announced the resumption of ties with Venezuela under the country's interim leader, Delcy Rodriguez. This move comes after a period of severed relations that began in 2019 due to international disputes over the legitimacy of Venezuela's leadership. The IMF and World Bank had cut ties with Caracas in 2019 amid a split in the international community over whether to support Nicolas Maduro or Juan Guaido as the country's rightful leader following disputed presidential elections. IMF Managing Director Kristalina Georgieva stated that the institution had resumed dealings with Venezuela under Rodriguez's administration, guided by the views of its members. This step is expected to ultimately benefit the Venezuelan people. The World Bank followed suit, announcing that it would re-engage with Venezuela based on the outcome of the IMF's decision-making process. The bank had last made a loan to Caracas in 2005. These announcements come several weeks after the United States President's administration lifted sanctions on Rodriguez, further conferring legitimacy on her leadership. Rodriguez welcomed the announcements, calling it a significant achievement for Venezuelan diplomacy. Venezuela has one of the highest debt burdens in the world, with total external liabilities estimated at more than $150bn. The resumption of ties with the IMF and World Bank clears the way for Venezuela to request financial assistance if necessary to shore up its finances. In 2020, the IMF had rejected Venezuela's request for an emergency loan of $5bn to help fund its response to the COVID-19 pandemic, citing the lack of international consensus on Maduro's legitimacy. Venezuela has been a member of the IMF and World Bank since 1946.
#IMF #World Bank #Venezuela
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Sports Apr 17, 2026

Saudi Arabia Sacks Coach Herve Renard Ahead of 2026 World Cup

French coach Herve Renard has been relieved of his duties as Saudi Arabia's national team coach, ju…
Frenchman Herve Renard has been sacked as Saudi Arabia coach, less than two months before the start of the FIFA World Cup 2026 in North America. Renard, 57, had returned for a second spell as Saudi coach at the end of 2024, having led them at the last World Cup four years ago in Qatar.“That’s football … Saudi Arabia have qualified for the World Cup seven times, including twice with me,” Renard told the news agency AFP on Friday. “And there’s only one coach who has led them through both the qualifiers and the World Cup; that’s me, in 2022. At least there will be that sense of pride.”Renard, a two-time Africa Cup of Nations (AFCON) winner with Zambia and the Ivory Coast, was in charge of Saudi Arabia from 2019 to 2023 before being replaced by Italian coach Roberto Mancini. He served as coach of the France women’s team from 2023 to 2024 and reached the quarterfinals of both the 2023 Women’s World Cup and the 2024 Paris Olympics.Georgios Donis, a former Greece international, is reportedly being lined up as the man to take over from Renard. Saudi Arabia are in Group H at the 2026 World Cup, alongside two former champions, Spain and Uruguay, and debutants Cape Verde. All their group games are scheduled to be played across the United States.The Arab nation has made six World Cup appearances, with a round of 16 finish in 1994 in the US their best result thus far. They suffered a group-stage exit in the last World Cup in 2022 but made headlines worldwide with a shock 2-1 group win over eventual champions Argentina. Saudi Arabia is also due to host the 2034 World Cup.
#cup #saudi #world
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News Apr 17, 2026

Iran Declares Strait of Hormuz Fully Open Amid Israel-Lebanon Ceasefire, While US Keeps Naval Blockade

Iran’s foreign minister announced that the Strait of Hormuz will remain completely open for commerc…
Iran’s foreign minister Abbas Araghchi posted on X that, in line with the 10‑day Israel‑Lebanon ceasefire, the Strait of Hormuz is "completely open" for all commercial vessels for the remainder of the truce. The declaration follows a fragile agreement between Israel and Lebanon, whose acceptance by Hezbollah remains uncertain. The Iranian Ports and Maritime Organisation has already outlined a coordinated routing system for vessels, ensuring that traffic proceeds under strict supervision by the Islamic Revolutionary Guard Corps Navy, which will permit only non‑military ships. U.S. President Donald Trump echoed the openness of the strait in a social‑media post, emphasizing that it is "ready for business and full passage." However, he added that the U.S. naval blockade will continue "until Iran reaches a deal with the United States to end the war," signalling that commercial freedom does not equate to a lift of sanctions. Trump also claimed that Iran has pledged to "never close the Strait of Hormuz again," describing the waterway’s previous use as a "weapon against the world." A senior Iranian military official clarified that this promise applies solely to non‑military vessels, with IRGC Navy oversight. The conflict, which began on 28 February, has already claimed over 3,000 lives and saw Iran previously block the strait—a chokepoint through which roughly 20% of global oil and LNG shipments flow. After stalled U.S.–Iran talks in Pakistan, the United States expanded its blockade to Iranian ports in the Gulf. In Washington, Trump reiterated his administration’s pressure on Tehran to abandon its nuclear ambitions. He suggested a potential "cash‑for‑uranium" deal worth $20 billion, later describing the prospect of acquiring Iran’s "nuclear dust" without payment—a claim dismissed by Iran’s state media, which said no such negotiations ever occurred. Trump also announced that Israel is now "prohibited" from bombing Lebanon, stating that any U.S.–Iran agreement is not contingent on developments in Lebanon. UN peacekeepers reported no air attacks since midnight, though they accused Israeli forces of violating Lebanese airspace and conducting artillery fire. According to the U.S. Department of State, Israel may act in self‑defence against imminent threats but is barred from offensive operations in southern Lebanon. Senior analyst Mairav Zonszein of the International Crisis Group described the direct talks between Lebanon and Israel as a "potential breakthrough," while cautioning that a durable settlement remains distant. He noted that a diplomatic track strengthening the Lebanese government could gradually diminish Hezbollah’s political influence. Overall, the simultaneous declaration of an open strait and the continuation of a U.S. blockade underscores the complex interplay of commercial interests, regional security, and the broader quest for a diplomatic resolution to the Middle‑East conflict.
#iran #strait #lebanon
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World Economy Apr 17, 2026

Life on Kharg Island: Iran's Oil Lifeline Under Siege

The US has launched military strikes on Kharg Island, a crucial hub for Iran's oil trade, and is en…
Kharg Island, a strategic location in the Persian Gulf, has become a front-line target in the ongoing conflict between the United States and Iran. The island is the heart of Iran's oil trade, and the US has struck military sites there, escalating tensions in the region.Despite the critical role Kharg Island plays in Iran's economy, 8,000 people call the island home. Their lives have been severely impacted by the conflict, with bombs falling and ships stopped from moving. The situation on the ground is dire, with residents facing significant challenges in their daily lives.The US naval blockade on Iranian ports has further exacerbated the situation, severely impacting Iran's oil exports and economy. The blockade is part of a broader effort by the US to enforce sanctions on Iran and limit its ability to export oil.The conflict has significant implications for the global economy, particularly in terms of oil prices and supply chains. As tensions continue to escalate, the international community is watching closely to see how the situation will unfold.
#take #list #island
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Politics Apr 17, 2026

Lebanese Banking Magnate Antoun Sehnaoui Sparks Outrage After US Envoy Praises Pro‑Israel Stance Amid Ongoing Conflict

Banker Antoun Sehnaoui, chair of Societe Generale de Banque au Liban, was lauded by US Middle East …
Amid a wave of Israeli air strikes that have killed hundreds and displaced roughly 20 % of Lebanon’s population from the south, Lebanese banker Antoun Sehnaoui attracted fierce criticism after being publicly praised for his pro‑Israel activities. Sehnaoui, who chairs Societe Generale de Banque au Liban (SGBL), attended an event at the United States Holocaust Memorial Museum – a venue he has financially supported. The commendation came from Morgan Ortagus, the U.S. Middle‑East envoy who, according to reports, is also Sehnaoui’s romantic partner. Ortagus framed support for Israel as a matter of "moral clarity", even when it entails personal risk. She highlighted Sehnaoui’s funding of a U.S.–Israeli opera project, noting that such transactions are technically illegal in Lebanon under the country’s ban on dealings with Israeli entities. Describing the banker’s lineage, Ortagus said he hails from generations of "committed Lebanese Christian Zionists" and that his family has been "trained to support the State of Israel and the Jewish people." She also referenced his father, Nabil Sehnaoui, a principal backer of the Lebanese Forces militia, which allied with Israel during the 1982 invasion and was implicated in the Sabra‑Shatila massacres. The timing of the endorsement proved especially contentious. Since mid‑March, Israel has been accused of employing a “quadruple‑tap” bombing technique designed to maximise civilian casualties, and more than a million southerners have fled their homes, deepening sectarian tensions. Lebanese social‑media users reacted with outrage, calling for Sehnaoui’s imprisonment, accusing him of betraying his nation, and even alleging he had converted to Judaism. One commentator, academic Makram Rabah, argued that while a museum visit should not be controversial, the overt support for Israel amid a fragile ceasefire is. Ortagus’s own record – marked by staunch opposition to Hezbollah and open advocacy for Israel since her appointment in April 2025 – has already drawn scrutiny over her suitability as a neutral broker in the region. Beyond the political backlash, Sehnaoui faces serious legal challenges. Lebanese prosecutors have filed money‑laundering charges against him and SGBL, alleging illicit currency‑trading activities that exacerbated the country’s financial crisis that began in 2019. The bank denies any wrongdoing. In the United States, a 2020 civil lawsuit filed by families of Hezbollah‑linked attack victims accuses SGBL of providing material support to the militant group – a claim the bank also rejects. Lebanese MP Paula Yacoubian warned that Sehnaoui’s recent maneuvers appear designed to secure personal immunity in exchange for facilitating Israel‑Lebanon normalisation, rather than delivering tangible benefits such as the safe return of displaced residents. While the controversy rages, a tenuous ceasefire has allowed tens of thousands of residents to return to the devastated south, many seeking the remains of loved ones or assessing the damage to their homes.
#Antoun Sehnaoui #Morgan Ortagus #Societe Generale de Banque au Liban
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Politics Apr 17, 2026

Beirut Celebrates 10-Day Israel-Lebanon Ceasefire as Trump Signals Near-Term Iran Deal

A ten‑day ceasefire between Israel and Hezbollah has sparked public celebrations in Lebanon, while …
Lebanese citizens took to the streets to celebrate the launch of a 10‑day ceasefire between Israel and Hezbollah, a move aimed at opening negotiations for a lasting security and peace arrangement, according to the U.S. State Department.The ceasefire, announced to facilitate dialogue between Israeli and Lebanese officials, has been welcomed as a hopeful step toward stabilizing a volatile border region that has seen repeated hostilities.In a separate development, U.S. President Donald Trump reiterated that a deal to end the war with Iran is "very close," suggesting that diplomatic talks could resume in Pakistan’s capital, Islamabad, as early as the upcoming weekend.Trump’s statement follows recent political turbulence in Washington, where the House of Representatives voted down an effort to limit the president’s authority to engage in a war against Iran.Both the ceasefire and the prospective Iran negotiations underscore a broader push by the United States to de‑escalate tensions across the Middle East, offering a potential shift in regional dynamics.
#Israel #Hezbollah #Donald Trump
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News Apr 17, 2026

Syria Takes Full Control of Former US Bases, Completing Kurdish Forces Integration

Syria has assumed complete control of all former U.S. military sites, marking the end of a decade‑l…
Syria has taken full control of every former U.S. military site, completing a handover that Damascus says demonstrates the successful absorption of Kurdish‑led fighters into national structures.The final U.S. convoy departed Qasrak air base in Hasakah on Thursday, ending a presence that began in 2014 when American troops entered the fight against ISIL alongside Kurdish units that later formed the Syrian Democratic Forces (SDF).In Damascus, President Ahmed al‑Sharaa received the two most senior SDF officials – military commander Mazloum Abdi and political head Ilham Ahmad – accompanied by Foreign Minister Asaad Hassan al‑Shaibani and the presidential envoy overseeing the integration process.The Ministry of Foreign Affairs hailed the completed handover as evidence of the government’s drive to bring the entire country, including border areas and the northeast, under a single state authority. It stressed that the transfer was carried out in full coordination with the United States, pointing to a constructive relationship that dates back to al‑Sharaa’s 2025 meeting with then‑U.S. President Donald Trump.U.S. Central Command confirmed that American forces have “completed turning over all of our major bases in Syria as part of a deliberate and conditions‑based transition.”The handover follows a January cease‑fire agreement between Damascus and the SDF and a March integration pact that places Kurdish fighters into the Syrian national army, deploys Syrian security forces to the city centres of Hasakah and Qamishli, and transfers control of border crossings and civilian institutions to Damascus.Syria’s entry into the international coalition against ISIL in November reshaped its role from obstacle to partner, fundamentally altering the rationale for a continued U.S. military footprint.Analyst Charles Lister noted that the last U.S. convoy was routed overland through Jordan rather than Iraq to reduce exposure to potential attacks by Iranian‑backed militias operating in the region.
#syria #hasakah #qamishli
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News Apr 17, 2026

Pakistan Leads Diplomatic Surge as US‑Iran Talks Stall and Ceasefire Nears Expiry

Pakistan confirmed that the United States and Iran are still negotiating a second round of talks to…
Pakistan’s Foreign Ministry confirmed on Thursday that the United States and Iran are still negotiating a second round of talks—held through Islamabad—to end their nearly seven‑week conflict, even though no date has been fixed for the meeting.The ceasefire, brokered by Pakistan on April 8, is set to expire on April 22, and officials warn it is under increasing strain as a U.S. naval blockade continues to turn away Iranian‑linked vessels in the Strait of Hormuz.Prime Minister Shehbaz Sharif is conducting a regional tour that began in Jeddah, moved to Doha, and will continue to Antalya, where he will attend the Antalya Diplomacy Forum on April 17 alongside Saudi, Turkish and possibly Egyptian counterparts.Simultaneously, Chief of Defence Forces Asim Munir arrived in Tehran with a delegation that includes Interior Minister Mohsin Naqvi. He was welcomed by Iranian Foreign Minister Abbas Araghchi, who praised Pakistan’s “gracious hosting of dialogue.”Foreign Ministry spokesperson Tahir Andrabi emphasized that the details of the upcoming talks remain confidential and that Pakistan’s role is to keep the process alive, stating, “We have the details and information of the talks entrusted to us by the negotiating parties.”Analyst Muhammad Faisal described Islamabad’s approach as a dual‑track strategy: Sharif is building a broader Gulf coalition, while Munir is engaged in hard negotiations aimed at narrowing gaps between Washington and Tehran and extending the ceasefire.Iran has insisted that any agreement must include Lebanon, citing the ongoing Israeli strikes that have killed over 2,000 people and displaced 1.2 million. The United States, however, maintains that a Lebanon settlement must remain separate from the US‑Iran talks.U.S. Secretary of State Marco Rubio recently mediated a trilateral meeting in Washington with Israeli and Lebanese ambassadors, but no ceasefire or follow‑up was secured.Both sides appear cautiously optimistic. White House press secretary Karoline Leavitt said further talks are “very likely” to take place in Islamabad, while Iran’s spokesperson Esmaeil Baghaei noted multiple messages exchanged with Washington since April 12.President Donald Trump indicated that talks could resume within two days and expressed a greater willingness to travel to Pakistan for negotiations.Strategic analysts warn that the Strait of Hormuz blockage—which restricts roughly one‑fifth of global oil shipments—remains a pivotal issue. Opening the waterway is seen as essential to easing upward pressure on oil prices and restoring confidence in global markets.Should the second round of talks fail, Pakistan’s role may shift from mediator to crisis manager, focusing again on brokering a ceasefire if hostilities resume.
#pakistan #iran #ceasefire
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Video Apr 17, 2026

China’s Strategic Calculus in the Iran Conflict: Influence, Risks, and Global Implications

The article examines how Beijing is navigating its diplomatic, economic, and security interests ami…
Amid the escalating war in Iran, China is adopting a cautious yet opportunistic stance, seeking to safeguard its strategic interests while avoiding direct confrontation with the United States and its partners. Beijing’s primary objective is to preserve the economic corridors and energy supplies that flow through Iran under the Belt and Road Initiative. By maintaining trade routes and securing oil imports, China aims to mitigate the impact of sanctions and market volatility on its own growth. Diplomatically, China is positioning itself as a potential mediator, offering to host dialogue between the warring factions. This approach serves a dual purpose: it projects China as a responsible global power and provides a platform to deepen its influence in the Middle East without overtly siding with either side. At the same time, Chinese officials are wary of military entanglement. While there are reports of limited arms sales to Iran, Beijing publicly emphasizes that any assistance is strictly defensive and complies with international regulations, reflecting its desire to keep the relationship within acceptable diplomatic bounds. The United States has warned that deeper Chinese involvement could trigger a new round of strategic competition in the region. In response, China stresses the importance of respecting national sovereignty and non‑interference, a stance that resonates with many regional actors seeking alternatives to Western pressure. Overall, China’s maneuvering in the Iran war illustrates a broader pattern of balancing economic imperatives with geopolitical risk management. The outcome of this balancing act will likely shape not only the trajectory of the conflict but also the future contours of Sino‑Middle Eastern relations.
#what #role #china
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