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World Economy Apr 14, 2026

UK Pushes for More North Sea Gas to Cut Dependence on US LNG and Lower Emissions

National Gas confirms the UK will meet summer demand without LNG, but analysts warn that long‑term …
National Gas announced that the United Kingdom will have enough gas to satisfy summer demand despite recent tensions in the Strait of Hormuz. The network, which runs the country’s gas pipelines, says domestic and Norwegian supplies will cover the low‑usage months, meaning liquefied natural gas (LNG) imports will be minimal this summer. The real challenge lies ahead. While renewable rollout is accelerating, gas will remain a core part of the UK’s energy mix for at least the next two decades. It accounts for about 37% of total gas consumption in 2024, with domestic heating being the largest single use. Replacing millions of boilers with heat pumps cannot happen quickly, especially given the current sluggish pace. Government plans for 2030 still require the full 35 GW of gas‑fired generation capacity to stay online as backup. Energy department data released in early 2025 showed gas demand “broadly stable” for the third consecutive year, representing roughly half of the nation’s 75.2% fossil‑fuel dependency. In the debate over new North Sea drilling licences, the key question is where future gas will come from. Oxford energy economist Sir Dieter Helm, speaking on a Chatham House podcast, warned that gas will dominate the energy supply for the next decade or two and that the cheapest, least polluting option is pipeline gas—not LNG. Analysis from Wood Mackenzie confirms this hierarchy. Pipeline gas from modern Norwegian platforms has the lowest carbon intensity, followed by UK North Sea pipelines. By contrast, LNG adds significant emissions during liquefaction and regasification, and US LNG is the most carbon‑intensive because much of it originates from shale gas with higher methane leakage. Wood Mackenzie’s import forecasts to 2045 paint a stark picture: if domestic production wanes, the UK could rely on US LNG for over 60% of its total gas supply by 2035. The firm notes that Middle‑East gas is geared toward Asian markets, while US cargoes are increasingly directed to Europe, raising concerns about over‑reliance on a single supplier. These projections underpin the argument for expanding UK North Sea extraction. More domestic drilling would reduce dependence on US LNG—a geopolitical risk given the United States’ tendency to use energy as a foreign‑policy lever—and would also lower the overall carbon footprint of the gas supply chain. Critics often claim that North Sea output is exported, so it does not improve national security. Two counter‑points are clear: first, gas delivered directly via pipeline to the UK network is inherently more secure than trans‑Atlantic cargoes; second, the UK could negotiate long‑term, fixed‑price contracts with producers, a model that worked well in the early days of North Sea development. None of this diminishes the importance of renewables and nuclear power. Electrification remains the long‑term goal, but gas will stay in the energy basket for years to come. Offshore Energies UK estimates that, with a pragmatic licensing approach, reliance on LNG could be limited to 6% of total gas supplies by 2035. Assuming political stalemate eases, the pending approval of the Jackdaw field—accounting for roughly 6% of current domestic production—could spark a more nuanced debate about the UK’s gas procurement strategy, moving beyond the simplistic “renewables vs. gas” narrative. Reflecting on the recent Iran‑UK conflict, Prime Minister Rishi Sunak highlighted the need for “secure, homegrown energy”. The logical follow‑up is twofold: accelerate electrification to cut gas demand, and while gas remains essential, avoid turning the UK into an “energy prisoner of the US”. Beyond the geopolitical and environmental benefits, expanding North Sea output would also support jobs, tax revenue, and the balance of payments.
#gas #more #north
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World Economy Apr 14, 2026

US Energy Prices Remain High Despite Jones Act Suspension

Despite a 60-day waiver of the Jones Act by President Trump, US energy prices continue to rise. The…
Energy prices in the United States have continued to surge, even after President Donald Trump's administration issued a 60-day waiver of the Jones Act, a maritime law that restricts foreign-flagged vessels from transporting goods between US ports.The waiver, which came into effect on March 18, was intended to alleviate pressure on energy supplies by allowing more foreign vessels to transport goods domestically. However, experts say the impact on oil prices has been negligible, with oil prices rising 4 percent on the day amid a US blockade of Iranian ports.“It is estimated that it’s going to be about 3 cents on the East Coast and it might go up on the Gulf Coast, but these changes are so small that they’re overshadowed by the spikes in oil prices, and the oil prices keep going up,” said Usha Haley, a professor of management at Wichita State University.The Containerized Freight Index, a benchmark for shipping container costs, has jumped more than 10 percent over the last month and is up more than 35 percent from this time last year. The average price of gas in the US has also increased to $4.125 per gallon, up from $3.63 at this time last month.Despite the waiver, shippers have adapted their routes, with more than 34,000 ships diverting from the Strait of Hormuz over the past month. Major vessel insurers have also cancelled war risk coverage for ships travelling through the waterway, dissuading ship owners from going through the Gulf.Experts predict that fuel prices will only normalise once traffic through the strait returns to pre-war levels. The ongoing conflict and disruptions to transit through the Strait of Hormuz have contributed to the sustained high energy prices.
#oil #prices #through
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News Apr 14, 2026

Senator Bernie Sanders Moves to Block $500 Million in US Arms to Israel as Iran Conflict Escalates

Senator Bernie Sanders announced he will force a Senate vote on a resolution to halt roughly $500 m…
Senator Bernie Sanders declared on Monday that he will force a vote later this week on a resolution designed to stop the sale of nearly $500 million in bombs and bulldozers to the Israeli military. The procedural maneuver bypasses the Senate majority leader, signaling a direct challenge to the administration’s policy of unconditional support for Israel.Sanders framed the measure as a response to what he described as the "extremist Netanyahu government" responsible for alleged genocide in Gaza, arguing that American taxpayers should not fund further military operations that exacerbate civilian suffering.While the Republican‑controlled Senate is unlikely to approve the resolution, the vote will serve as a barometer of Democratic sentiment toward Israel, especially as anger over the U.S.–Israel war on Iran and ongoing atrocities in Gaza and the West Bank intensifies.Last year, Sanders introduced a comparable bill that was defeated 27‑70. At that time, a majority of Senate Democrats had supported the effort, reflecting an erosion of the once‑solid bipartisan consensus backing Israel.Public opinion data underscores this shift: a February Gallup poll found that only 46 % of Americans hold favourable views of Israel, and a mere 17 % of Democratic respondents say they sympathise more with Israelis than Palestinians.Since the conflict began, the United States has provided Israel with over $21 billion in military assistance during the first two years of the Gaza war, a figure that critics argue fuels continued violence.Adding pressure from the advocacy side, liberal Zionist organization J Street issued its first call to phase out U.S. aid to the Israeli military, citing the combined impact of the Gaza war, rising extremist activity in the West Bank, and the U.S.–Israel confrontation with Iran.J Street urged Washington to consistently apply existing legal restrictions—such as the Leahy Law—that prohibit security assistance to countries implicated in human‑rights abuses, a standard it says has been routinely overlooked in Israel’s case.The upcoming Senate vote, therefore, not only tests the durability of the U.S.–Israel security partnership but also reflects a broader reevaluation of American foreign‑policy priorities amid a volatile Middle‑East landscape.
#israel #war #sanders
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News Apr 14, 2026

Romuald Wadagni Poised to Secure Benin Presidency After Opposition Concedes

Government‑backed foreign minister Romuald Wadagni is set to win Benin's presidential race followin…
Benin’s presidential contest is tilting decisively toward the incumbent government’s nominee, Romuald Wadagni, after his only challenger, Paul Hounkpe of the Cowry Forces for an Emerging Benin party, publicly acknowledged defeat on national television. Hounkpe’s concession, aired on Monday, included a call for “republican congratulations” and a reminder that democratic health depends on mutual respect across partisan lines, as reported by AFP. Currently serving as foreign minister, Wadagni is the designated successor of President Patrice Talon, who is stepping down after two consecutive five‑year terms. The election follows a turbulent period marked by a foiled coup in late 2025, which was suppressed with the aid of Nigerian forces. Out of an electorate of nearly 8 million eligible voters, early voting proceeded at a modest pace, according to Al Jazeera correspondent Ahmed Idris reporting from Cotonou. Hounkpe’s campaign highlighted that despite a robust 7.5% GDP growth in 2024, the benefits have not sufficiently improved living standards, pointing to persistent poverty rates exceeding 30% and limited trickle‑down of economic gains. In contrast, Wadagni pledged to focus on essential services such as water access, expanded social security, and improved healthcare, positioning himself as a continuity candidate for the ruling coalition. The finance minister, who previously led the polls, was widely expected to prevail after the main opposition party, the Democrats, failed to nominate a candidate and declined to endorse Hounkpe. The Democrats also fell short of the 20% threshold needed for parliamentary representation in the January 2026 elections, securing only about 16% of the vote. Security concerns loom large for the incoming administration. The northern region continues to grapple with insurgent activity from the al‑Qaeda affiliate Jama’at Nusrat al‑Islam wal‑Muslimin (JNIM), which has inflicted heavy casualties on the military, including an attack last year that killed 54 soldiers and another incident in March that claimed 15 lives. These challenges are compounded by broader instability across the Sahel, where a succession of coups in neighboring states such as Burkina Faso, Niger, and Mali has heightened regional volatility. While Wadagni’s ascent promises policy continuity, the new president will need to address both the security vacuum in the north and the socioeconomic gap that leaves a third of Benin’s population in poverty despite recent economic growth.
#benin #election #wadagni
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Politics Apr 14, 2026

White House Report Proposes Regulatory Cuts to Bridge 10‑Million‑Home Shortage and Boost US Growth

A new White House Economic Report estimates a 10 million‑home deficit and argues that cutting build…
The White House Council of Economic Advisers released an analysis estimating that the United States faces a shortage of roughly 10 million homes. The report argues that easing regulatory burdens could unlock a construction surge, stabilise home prices, expand home‑ownership and accelerate overall economic growth. President Donald Trump signed two executive orders in March directing federal agencies to reduce housing‑regulation costs and to facilitate mortgage lending by smaller banks. Yet, critics note that the administration has been slow to prioritize high housing costs amid falling approval ratings tied to tariffs, the US‑Israel conflict with Iran, and unmet inflation‑reduction promises. Mortgage rates have risen from just under 6 % to 6.37 % for a 30‑year loan, further inflating the cost of home purchase. Trump has publicly defended higher home prices to protect existing owners, stating, “I don’t want to drive housing prices down… I want to drive housing prices up for people that own their homes.” The housing chapter of the annual Economic Report of the President, obtained by the Associated Press, outlines a blueprint showing how increased homebuilding could benefit the middle class and the broader economy, providing a potential political narrative for the president. According to the report, if homebuilding had continued at its pre‑2008 pace, the nation would have **10 million more houses** today. The 2008 crisis, driven by risky lending and a housing bubble, still casts a long shadow. Home prices have surged **82 % since 2000**, while median incomes have risen only **12 %**, a disparity previously softened by historically low mortgage rates. The post‑COVID inflation spike and higher rates have made affordability a top concern for voters under 40. Regulatory costs—dubbed the “bureaucrat tax”—are estimated to add **over $100,000 per new home** through updated building codes, compliance fees and zoning approvals. The report projects that trimming these costs could enable the construction of **up to 13.2 million homes**, potentially delivering an **average 1.3 percentage‑point boost to annual GDP** over the next decade and supporting **two million manufacturing and construction jobs**. One administration official, speaking on condition of anonymity, suggested that federal funding to states could be tied to regulatory reductions, creating a financial incentive for local governments. The analysis also criticises the green‑energy housing standards introduced under former President Joe Biden, which mandate more efficient HVAC systems and water‑heater requirements. Citing a 2021 National Association of Home Builders study, the report claims these standards could add **up to $31,000** to a new home’s price, with a **payback period of up to 90 years** for homeowners via lower utility bills. While rolling back such standards might lower upfront costs, the report acknowledges potential long‑term utility‑bill increases for owners. Legal challenges further complicate the picture: a Texas federal judge recently sided with 15 Republican‑led states, deeming the Biden‑era standards for federally backed housing **unlawful**. Overall, the White House’s proposal positions regulatory reform as a lever to address the housing deficit, stimulate economic growth, and generate jobs, while navigating the political and environmental trade‑offs inherent in the debate.
#White House #Biden administration #HUD
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News Apr 14, 2026

Hezbollah Leader Rejects Lebanon-Israel Talks, Calls for 'Historic Stance' Against Negotiations

Hezbollah leader Naim Qassem has urged Lebanon's government to boycott upcoming talks with Israel i…
Hezbollah leader Naim Qassem has strongly opposed an upcoming meeting between the Lebanese government and Israel in the United States, labeling such efforts as 'futile' amid intensified Israeli attacks on Lebanon. In a televised speech on Monday, Qassem called on the Lebanese government to take 'a historic and heroic stance' by not attending the planned talks. The Lebanese and Israeli ambassadors are set to meet in Washington, DC, on Tuesday to discuss direct negotiations between the two countries. However, Qassem argued that the talks are a ploy to pressure Hezbollah into laying down its weapons, with Israeli Prime Minister Benjamin Netanyahu repeatedly stating that the goal is to disarm Hezbollah. Qassem emphasized that Hezbollah will not back down, stating, 'We will not rest, stop or surrender. Instead, we will let the battlefield speak for itself.' He also accused Israel of continuing its aggressive actions, including near-daily deadly attacks, despite a supposed ceasefire in effect since November 2024. Since Israel intensified its war on Lebanon in early March, at least 2,055 people have been killed, including 165 children and 87 medical workers, with over 6,500 wounded and around 1.2 million displaced. Qassem described the planned talks as a 'free concession' to Israel and the US, and called for a united Lebanese stance against negotiations. The speech followed protests in Beirut against the planned talks, with demonstrators accusing Lebanese Prime Minister Nawaf Salam of betraying the Lebanese people. The situation remains tense, with the Israeli military claiming to have surrounded the key southern town of Bint Jbeil, while Hezbollah continues to claim attacks against Israeli forces there.
#hezbollah #lebanon #israel
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World Economy Apr 14, 2026

US Launches Mine Clearance Operation in Strait of Hormuz Amid Iran Tensions

The US military has initiated a mine clearance operation in the Strait of Hormuz, a critical waterw…
The United States military has begun a mine clearance operation in the Strait of Hormuz, a vital waterway for global oil and gas supplies, in response to Iran's alleged laying of sea mines. The operation, led by guided missile destroyers USS Frank E Peterson and USS Michael Murphy, aims to establish a 'safe pathway' for the free flow of global commerce.Iran's Islamic Revolutionary Guard Corps (IRGC) recently released a map of the Strait of Hormuz showing a safe route for ships to follow through the strait, directing vessels farther north towards the Iranian coast and away from the traditional route closer to the coast of Oman. The IRGC stated that all vessels must use the new map for navigation due to 'the likelihood of the presence of various types of anti-ship mines in the main traffic zone.'The stakes are high, with one-fifth of the world's oil and liquefied natural gas (LNG) supplies having been shipped through the Strait of Hormuz before the war. Even a single mine can compel operators to assume a wider threat, effectively invalidating insurance and shutting down their use of the waterway.Iran's stockpile is estimated to number 2,000 to 6,000 mines, a significant portion of which are produced domestically. These mines generally fall into three categories: contact mines, bottom (influence) mines, and 'smart' and rocket mines.The US Navy is facing a 'mine gap,' with experts calling for institutional neglect that led to the retirement of dedicated mine countermeasures (MCM) assets. The current US strategy relies on small combat ships built for coastal operations and fitted with MCM mission modules, but only one of these vessels, the USS Canberra, is currently available in the region.
#mines #strait #iran
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News Apr 14, 2026

Pakistan Seeks to Revive US-Iran Talks After Ceasefire Breakdown

US and Iran fail to reach a deal after marathon talks in Pakistan, but Pakistan aims to revive nego…
High-level talks between the United States and Iran ended without an agreement in Islamabad, Pakistan, on Sunday. The breakdown leaves a fragile two-week ceasefire as the only barrier between diplomacy and a return to war. Pakistan, which played a key role in bringing both sides to the negotiating table, remains committed to facilitating further dialogue.The talks, the highest-level direct engagement between Washington and Tehran since the 1979 Islamic Revolution, stalled over differences surrounding Iran's nuclear program. The US insisted on a commitment from Iran that it would not seek a nuclear weapon, while Iran's Foreign Minister, Abbas Araghchi, accused the US of 'maximalism' and shifting demands.Despite the setback, Pakistan's Deputy Prime Minister and Foreign Minister, Ishaq Dar, emphasized that Pakistan will continue to play a role in facilitating engagements and dialogue between the two nations. Iranian officials, including Parliament Speaker Mohammad Bagher Ghalibaf, also expressed optimism about the potential for future talks.The immediate threat to the ceasefire comes from the evolving situation in the Strait of Hormuz and Lebanon. Iran has warned that continued Israeli strikes on Lebanon could render negotiations meaningless, while the US has announced a blockade in the Strait of Hormuz, which Iran controls and uses as a key negotiating lever.Analysts say Pakistan's role is crucial in preventing a prolonged conflict, but its economic fragility and limited leverage constrain its ability to impose outcomes. Pakistan's Prime Minister, Shehbaz Sharif, and Chief of Army Staff, Field Marshal Asim Munir, have been praised by both Trump and Iranian officials for their efforts to secure the ceasefire and host the talks in Islamabad.
#pakistan #iran #talks
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Politics Apr 14, 2026

Israeli Airstrike Kills Three in Gaza as West Bank Arrests Surge

An Israeli air attack in Gaza killed three Palestinians, while Israeli forces arrested at least 30 …
An Israeli air attack targeted a group of men gathered outside a school in Deir el-Balah, central Gaza, killing at least three people. The incident occurred as Israeli forces arrested at least 30 Palestinians in raids across several cities and towns in the occupied West Bank.Medics at Al-Aqsa Hospital reported the killings, with the bodies of the victims laid out in white shrouds outside the hospital's morgue. Relatives and friends gathered to bid farewell, with some kissing the victims' foreheads before holding special prayers.The Israeli military did not immediately comment on the airstrike. The killings took place as mediators met with leaders from the Palestinian group Hamas to bolster a fragile ceasefire brokered by the United States, which began last October.The ceasefire has been marred by violence, with over 750 Palestinians killed since it took effect. Hamas fighters have killed four Israeli soldiers, and both sides have traded blame for violations.Israeli forces have also been accused of moving yellow concrete markers westwards in Gaza, which Palestinians say is an attempt to expand a depopulated zone. Israel denies this.In the West Bank, the Palestinian Prisoners Media Office reported that two children and some freed detainees were among those arrested in the raids. The military operations included searches of homes and property damage.The conflict has resulted in significant casualties, with over 72,000 Palestinians killed in Israel's war on Gaza, which began in October 2023. In the occupied West Bank, at least 1,133 Palestinians have been killed, 11,700 others wounded, and nearly 22,000 arrested.The International Court of Justice has declared Israel's occupation of Palestinian territory illegal and called for the evacuation of all settlements in the West Bank and East Jerusalem.
#Israeli Airstrike #Gaza #West Bank
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