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Analysts warn that the world is confronting the most severe energy shock since the 1970s, a looming global recession and a renewed surge in living‑cost pressures that are hitting the most vulnerable households hardest.Against a backdrop of sweltering Washington heat, the atmosphere at the International Monetary Fund’s spring meetings shifted dramatically as delegates confronted the fallout from the Iran war. The usual optimism about rising living standards was replaced by a palpable sense of unease.IMF Managing Director Kristalina Georgieva addressed finance ministers and central‑bank governors, noting that “some countries are in panic” and urging that “the sooner it ends, the better for everybody.”Such gatherings are rarely venues for open geopolitical confrontation. Yet, as a record‑breaking April heatwave baked the capital, the mounting economic damage from the conflict could no longer be ignored.During a G20 breakfast that included U.S. Treasury Secretary Scott Bessent and outgoing Fed Chair Jerome Powell, participants described the mood as somber, with frank discussions about the war’s ramifications.Former IMF deputy managing director Mohamed El‑Erian likened the session to a “twilight‑zone meeting,” identifying three looming shadows: the overall health of the global economy, the disproportionate impact on lesser‑discussed nations, and the paradox that the United States, as the war’s initiator, would suffer comparatively less.British Chancellor Rachel Reeves started her day with a jog alongside counterparts from Spain, Australia and New Zealand on the National Mall, posting an Instagram selfie captioned, “Friends that run together – work together.” The image underscored her resolve to confront the war’s economic fallout.Reeves had earlier condemned the conflict as a “mistake” and “folly,” arguing that the war had not enhanced global security and was driving up energy prices for UK families and businesses.In a one‑on‑one with Bessent near the White House, Reeves emphasized the urgency of the situation, noting that the UK, like many other nations, was feeling the pain of higher energy costs triggered by the conflict.Despite the tension, the UK and the United States continue to share deep interests in artificial intelligence, financial services and trade, though the British government signalled little tolerance for the Iranian regime.The IMF’s own warning that the war could precipitate a global recession singled out the United Kingdom as the “biggest G7 casualty,” highlighting the stakes for British growth forecasts.Observers noted Reeves’s vocal stance, recalling earlier disagreements between Bessent and European Central Bank President Christine Lagarde that had remained behind closed doors.A cocktail reception at the British ambassador’s residence brought together senior diplomats and financiers—including Bank of England Governor Andrew Bailey and Barclays CEO CS Venkatakrishnan—where transatlantic friction was a hot topic, just weeks before King Charles’s state visit to the United States.Meanwhile, revelations about former ambassador Peter Mandelson’s vetting process added another layer of political strain for the UK government.Before the war, the IMF agenda focused on global cooperation, AI adoption, job creation and poverty eradication. The conflict has now complicated each of these priorities, especially the goal of coordinated international action.Former UK Foreign Secretary David Miliband observed that many nations are now “hedging against American decisions,” acknowledging the United States’ outsized role—about 25% of the global economy—while noting its recent retreat from several forums.The irony was not lost on participants: the meetings were held in institutions born out of U.S. leadership after World War II to prevent the economic chaos of the 1930s, yet they now convene amid a war that threatens similar turmoil.Economists also recognized that real policy leverage sits “two blocks away,” behind the security cordons surrounding the White House, casting doubt on the ability of the IMF and World Bank to influence the conflict directly.Amid the uncertainty, the rapid growth of AI—exemplified by Anthropic’s Mythos model—offers a glimmer of economic resilience, but most countries cannot afford to sever ties with the United States entirely.El‑Erian summed up the dilemma: “People want to go long the private sector and short the mess, but it’s almost impossible to do.”

Australia's Prime Minister, Anthony Albanese, has stated that the country is prepared to provide assistance in the Strait of Hormuz, a crucial route for oil shipments, as global oil prices experience a significant drop. On Saturday, oil prices fell by approximately 10% after Iran announced that the strait would be open for commercial vessels during a ceasefire with the United States and Israel.The Prime Minister was attending a meeting of 49 countries to discuss the reopening of the strait when the news broke. Albanese emphasized the importance of freedom of navigation for global trade, stating, “Freedom of navigation is essential for global trade.” He also expressed the desire for a permanent and full reopening of the strait for all countries.Australia's energy minister, Chris Bowen, reported that the country has 46 days’ worth of petrol in reserve, which is 10 more days than before the US and Israeli bombing of Iran that sparked the global fuel crisis. Since April 1, fuel prices at Australian pumps have fallen by about 10c per litre beyond the artificial measures to ease prices.The NRMA spokesperson, Peter Khoury, mentioned that it could take a week for the falls in global oil prices to translate to lower prices at the fuel pumps. He also noted that the national average for unleaded petrol has fallen 50c since April 1, and diesel has fallen 37c in the last week.Additionally, the Australian Competition and Consumer Commission reported that average retail petrol prices had dropped 41.6c per litre since March 31 across major cities. The federal government's measures, including halving the fuel excise on petrol and diesel and pausing GST revenue on fuels, have resulted in a saving of about 32c per litre of fuel.

The United Nations’ Under‑Secretary‑General for Humanitarian Affairs, Tom Fletcher, warned the Security Council on Friday that South Sudan is at a dangerous crossroads, facing the prospect of a full‑scale famine and national collapse.Fletcher stressed that “hunger across South Sudan is tightening its grip,” noting that emergency‑level food insecurity is projected for all ten states during the lean season, which runs until the end of July.After a week‑long visit, he reported that humanitarian compounds have been looted and nutrition centres destroyed around Akobo in Jonglei State, where more than 140,000 people are in “dire need of help.” He warned that his next briefing could be dominated by famine warnings.According to the UN official, over 7.5 million South Sudanese will require food assistance this year. The situation is compounded by expected floods that will further isolate communities and damage livelihoods.Escalating violence fuels the crisisUNMISS head Anita Kiki Gbeho told the council that civilians continue to bear the brunt of intensifying clashes between the South Sudan People’s Defence Forces and the Sudan People’s Liberation Movement/Army in Opposition (SPLM/A‑IO), especially in Jonglei.Fighting surged late last year after a 2018 peace deal ended a five‑year civil war. In December, opposition forces seized government outposts in Jonglei, prompting a retaliatory operation in January that forced more than 280,000 civilians to flee.Fletcher urged the Security Council to secure unhindered humanitarian access, increase flexible funding, and demand that all parties fully respect humanitarian law and protect civilians and infrastructure.As the council deliberates the renewal of the UNMISS mandate—currently set to expire on 30 April—Gbeho warned that “the scale and urgency of needs on the ground are not yet matched by the type of sustained commitment and investment required to fully meet the shared ambition of a sustainable path to peace.”

US President Donald Trump has made a series of claims about concessions secured from Iran ahead of possible ceasefire talks, including that Tehran has agreed to keep the Strait of Hormuz open and turn over its nuclear stockpile.On Friday, Trump posted on Truth Social that Iran had agreed to open — and “never close” — the Strait of Hormuz, a critical waterway for global oil shipments. He also claimed that Iran would turn over its “nuclear dust” and that Israel would be “prohibited” from launching attacks in Lebanon.Iran has confirmed reopening the Strait of Hormuz for the “duration” of the current pause in fighting, which is set to end early next week. However, officials have pushed back on claims regarding its nuclear stockpile, with a source telling Al Jazeera negotiations remain at a preliminary stage.Despite the outstanding questions, Trump struck a celebratory tone, calling Friday “A GREAT AND BRILLIANT DAY FOR THE WORLD!” He also told Bloomberg News that he expected talks to move forward on Sunday with a permanent ceasefire deal in sight.“We’re not seeing the full picture,” Yezid Sayigh, a senior fellow at the Carnegie Middle East Center, told Al Jazeera, pointing to Trump’s penchant for hyperbole and several unresolved issues. “But this does suggest a positive momentum towards something that may end up being a comprehensive deal.”Sayigh added that Trump could have ulterior motives in striking an upbeat tone, at a time when the chokehold in the Strait of Hormuz is driving up prices for everything from fuel to fertiliser.“It is very interesting that President Trump is putting such a positive spin on things, not only to encourage markets and talk down oil prices and talk stock market prices up,” Sayigh said. “But also, I suspect, because he’s preparing the ground for more revelations about what is being negotiated with Iran.”

Turkish doctoral student Rumeysa Ozturk has decided to return to her native Turkey after a nearly yearlong legal battle with the Trump administration. Ozturk was targeted for deportation due to her pro-Palestinian advocacy, which the US government claimed was in support of Hamas.Ozturk, who received her PhD in child study and human development in February, made the announcement through the American Civil Liberties Union (ACLU) on Friday. She cited the 'state-imposed violence and hostility' she faced in the United States as the reason for her decision.The controversy began when Ozturk co-signed an opinion column in her student newspaper, The Tufts Daily, calling on her university's president to acknowledge the Israeli genocide of Palestinians and divest from companies with ties to Israel. The Department of Homeland Security (DHS) accused her of having 'engaged in activities in support of Hamas', although there is no evidence to back that assertion.Ozturk's case was one of the most high-profile instances of the Trump administration seeking to punish foreign students for their pro-Palestinian advocacy. Her arrest on March 25, 2025, was captured on surveillance video, showing six plain-clothed immigration officers surrounding her on the street outside her Massachusetts apartment.After her arrest, Ozturk was transported to New Hampshire, then to Vermont, and eventually to Louisiana, where she was held in ICE detention for 45 days. She described squalid conditions at the detention centre, including overcrowding, insufficient food, and a lack of medical care.Ozturk's legal team had submitted a habeas corpus petition, and on May 9, she was ultimately released. However, her legal proceedings continued, and this week, the ACLU announced that Ozturk's legal team had reached a settlement with the Trump administration to dismiss the deportation push.In a statement announcing her departure, Ozturk explained that countries should understand it is a 'privilege' to host international scholars. She also expressed support for other scholars fearing for their livelihoods and work, stating that she stands 'firmly in solidarity with academic communities in the US and elsewhere who live in fear for nothing more than their scholarship'.Ozturk will put her 13 years of study to use in her native Turkey, saying she is choosing to return home as planned to continue her career as a woman scholar without losing more time to the 'state-imposed violence and hostility' she experienced in the United States.

Ben Roberts-Smith, a 47-year-old former Australian special forces soldier and Victoria Cross recipient, has been granted bail after spending 10 days in prison. He was arrested in Sydney last week and charged with murdering five people in Afghanistan between 2009 and 2012.Roberts-Smith, who was heralded as an Australian war hero and even honoured as the nation’s “father of the year,” denies all charges. The alleged crimes include the murder of unarmed Afghan prisoners by Australian troops. He faces a maximum sentence of life imprisonment if found guilty.The Australian Federal Police (AFP) Commissioner Krissy Barrett stated that “it will be alleged the victims were not taking part in hostilities at the time of their alleged murder in Afghanistan.” The prosecution will also allege that the victims were shot by Roberts-Smith or by subordinates acting on his orders and in his presence.Roberts-Smith's reputation was called into question in 2018 when news reports linked him to the alleged murder of unarmed Afghan prisoners. A judge found in 2023 that many of the journalists’ claims were “substantially true.”Australia deployed 39,000 troops to Afghanistan over two decades as part of US and NATO-led operations against the Taliban and other armed groups.

Juba, South Sudan – Growing up, Khloe Nyanda was taught to stay small and avoid taking up space. Defying that lesson, the 21‑year‑old law student at the University of Juba pursued modeling after being inspired by South Sudanese supermodel Adut Akech, whose refugee‑to‑runway story she describes as a "crown".Nyanda’s ambition mirrors that of a new generation of South Sudanese talent, with 95% of models from the country naming Akech as their spark. She began modeling in 2023, but her family remained skeptical, fearing the clash between academic responsibilities and a fashion career.Her personal journey has been marked by familial estrangement after she rejected an arranged marriage and a modelling coach’s advances, leading to loss of support from her stepbrother and other relatives.Beyond social pressures, Nyanda faces systemic obstacles. Since 2023 she has endured multiple visa rejections despite contracts with agencies in London, Paris, and Italy. An attempt to attend Milan Fashion Week was denied by the Italian embassy in Nairobi over bank‑statement issues, while two separate applications to the French embassy in Kampala were also turned down. The absence of South Sudanese embassies in France and Italy forces hopeful models to obtain travel documents from neighboring countries, inflating costs and delays.Another emerging model, 20‑year‑old Alek Mayen Garang, balances her senior‑year studies with runway aspirations. Born in Greater Jonglei and raised in Renk, she spent part of her childhood in Kampala before returning to South Sudan amid the 2016 conflict. Garang draws inspiration from Anok Yai, the American‑South Sudanese model named Model of the Year at the 2025 British Fashion Awards.Unlike Nyanda, Garang found an ally in her elder sister, who accompanied her to her first runway show and helped negotiate parental approval. Her early challenges were technical—learning to walk in heels, maintaining strict diet and skincare regimens—and the lingering fear of rejection at auditions.Both women are part of a broader South Sudanese surge in global fashion. Nine of the world’s top 50 models on models.com hail from South Sudan, underscoring the country’s deep talent pool. Former models have transitioned to design and entrepreneurship, founding South Sudan Fashion Week and creating bespoke wedding gowns.Industry veterans now coach new talent, urging them to prioritize education alongside modeling. Yet a new anxiety looms: the potential rise of AI‑generated Black models, which could further destabilize already precarious careers.Within South Sudan, the Ministry of Culture, Museums and National Heritage has been criticized for its limited engagement with the modeling sector. Advocates argue that official endorsement could shift parental attitudes and legitimize modeling as a respectable profession.Garang recently won the “creativity” award at the national Miss Junub beauty pageant, expanding her vision from personal success to mentoring emerging designers and models. Nyanda, meanwhile, envisions a future beyond the runway: she plans to invest her earnings in establishing a credible mother agency, as well as a school and hospital for orphans, aiming to reinvest in her homeland.“South Sudan is not a place I am running from; it is the place I am running for,” Nyanda declares, embodying a resolve to reshape societal expectations and create pathways for the next generation of South Sudanese talent.

Celebrations erupted in Lebanon after a 10‑day ceasefire took effect, with the U.S. State Department noting that the pause opens a window for longer‑term negotiations between Israeli and Lebanese officials.President Donald Trump declared that an agreement to end the war on Iran is "very close," hinting that the next round of talks could occur this weekend in Islamabad. Iran’s Foreign Ministry welcomed the truce, describing it as part of a broader effort with Washington to pause the regional conflict.Tehran‑based analyst Abas Aslani acknowledged progress in the U.S.–Iran dialogue but warned that significant gaps remain, noting that both sides are preparing for either a negotiated settlement or a possible return to hostilities, while Trump appears to be seeking an “off‑ramp” from the war.Trump also expressed hope that Hezbollah would "act nicely and well" during the truce and announced a White House invitation for Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun.Speaking in Las Vegas, Trump dismissed warnings that the conflict could push oil prices to $300 a barrel, insisting that markets remain strong despite volatility and global fuel disruptions linked to the war.Netanyahu hailed the ceasefire as an opportunity for a historic peace agreement with Beirut, but reiterated that the disarmament of Hezbollah remains a non‑negotiable precondition.Hours before the truce began, an Israeli strike on the southern Lebanese town of Ghaziyeh killed at least seven civilians and wounded 33, intensifying Israeli public frustration over promises of a buffer zone in the north.Opposition leader Yair Lapid condemned the ceasefire, arguing it fails to remove the threat to northern communities and pledging that any future government would adopt a tougher stance.Lebanese Prime Minister Nawaf Salam welcomed the truce, and Trump confirmed that the agreement also encompasses Iran‑backed Hezbollah.Analyst Rami Khouri noted that Hezbollah is central to the ceasefire but operates “behind a curtain,” while residents in Sidon remain anxious as Israel demands Hezbollah’s disarmament yet refuses to withdraw, leaving the truce fragile and far from permanent.

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.