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Business Apr 08, 2026

Shell Sees Soaring Oil Trading Profits Amid Iran Crisis, But Qatar Strikes Hit Gas Output

Shell expects significantly higher profits from its commodity trading desks in Q1 due to market vol…
Shell is poised to report a substantial increase in profits from its commodity trading activities in the first quarter, driven by recent market volatility sparked by the Iran crisis. The energy giant's chemicals and products unit, which encompasses its primary oil trading desk, is expected to see a significant boost in trading results.The company's trading windfall is particularly notable in its renewable energy division, with predicted earnings ranging from $200m to $700m in the first quarter, up from approximately $100m in the previous quarter. This surge is attributed to the historic price rises in oil and gas markets following Iran's retaliation to US-Israeli aggression, which included throttling energy trade through the Strait of Hormuz and launching strikes against key energy infrastructure in the Gulf region.However, Shell's gas production is expected to decline by about 5% to between 880,000 and 920,000 barrels of oil equivalent per day, compared to 948,000 in the fourth quarter, due to the impact of the Middle East conflict on its assets in Qatar. A strike damaged Shell's assets at the Ras Laffan liquified natural gas (LNG) complex in Qatar, contributing to the expected decline.Despite these challenges, Shell's boss, Wael Sawan, has warned that Europe could face an energy and fuel shortage in April without a reopening of the Strait of Hormuz. The company is working with governments to address the oil and gas supply crisis, which has already led to energy rationing in some Asian countries.
#Shell #Iran crisis #Qatar strikes
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Politics Apr 08, 2026

Iran Threatens Saudi and UAE Energy Sites as US President Trump Issues Strait of Hormuz Ultimatum

Iran warned it will target Saudi and UAE energy infrastructure if the United States attacks Iranian…
Iran has warned that Saudi Arabia and the United Arab Emirates could become new targets if the United States proceeds with attacks on Iranian civilian infrastructure, according to a statement cited by the Tasnim news agency. The warning came late on Tuesday, as U.S. President Donald Trump issued an ultimatum demanding Iran reopen the Strait of Hormuz by 00:00 GMT (3:30 a.m. Tehran time) on Wednesday, threatening to "destroy a whole civilisation" if the demand is not met. Closing the strategic waterway would further destabilise the global oil market, already rattled by the ongoing blockade of Gulf oil exports. In response, Iran’s First Vice President Mohammad Reza Aref affirmed the country’s readiness for any scenario, stating on X that national security and infrastructure sustainability have been meticulously calculated and that “no threat is beyond our preparedness and intelligence.” Meanwhile, U.S. forces intensified strikes on Iranian targets, hitting railway and road bridges, an airport, a petrochemical plant, and the Kharg Island oil export terminal. Gulf states on high alert Regional authorities have taken precautionary measures: Bahrain’s Khalifa Bin Salman Port announced a temporary suspension of operations from early April 8, and the U.S. State Department issued a shelter‑in‑place order for American citizens in Bahrain, alongside travel advisories for the Hajj pilgrimage and for Riyadh. Kuwait’s Ministry of Interior imposed a curfew from 12 a.m. to 6 a.m. (GMT 21:00–03:00) as a precaution, while the King Fahd Causeway linking Saudi Arabia and Bahrain was closed twice on Tuesday due to alerts in Saudi Arabia’s eastern region. Israel warned its citizens of a likely surge in attacks as the deadline approaches, citing the Karish and Tanin offshore gas fields as potential targets. Explosions and rocket fire were reported across the region, including near a U.S. diplomatic facility in Baghdad, in the Iraqi capital, and over Bahrain and the UAE. The UAE’s Ministry of Defence confirmed that its air defences are currently engaging missile and drone attacks from Iran, and Qatar’s Ministry of Defence reported intercepting a missile aimed at its territory. These developments underscore a rapidly escalating security environment in the Middle East, with the potential to impact global energy supplies and international trade.
#Iran #Saudi Arabia #United Arab Emirates
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News Apr 08, 2026

Afghanistan Hails 'Useful' China-Hosted Peace Talks with Pakistan

Afghanistan has described peace talks with Pakistan, hosted by China, as 'useful' in efforts to hal…
Afghanistan has deemed the peace talks with Pakistan, facilitated by China, as 'useful' in addressing the ongoing conflict between the two nations.The talks, which began on April 1 in the western Chinese city of Urumqi, aim to stop the violence that started in February, resulting in hundreds of deaths and significant concern for Beijing due to its proximity to western Chinese regions.The conflict escalated after Pakistan conducted air strikes inside Afghanistan, including in the capital Kabul, leading to accusations from Afghanistan of civilian casualties, including children.The situation has drawn international alarm, particularly given the presence of other armed groups like al-Qaeda and ISIS in the region.94,000 people have been displaced overall, with 100,000 individuals in two Afghan districts near the border completely cut off due to the fighting since February.Afghanistan's Foreign Ministry has expressed gratitude to China for hosting the talks and acknowledged the mediation efforts of Saudi Arabia, Turkiye, Qatar, and the United Arab Emirates.Despite the talks, Afghanistan has continued to accuse Pakistan of shelling across its border, killing and wounding civilians, while Pakistan denies these allegations and instead accuses Afghanistan of providing a safe haven to armed groups like the Pakistan Taliban (TTP).
#afghanistan #pakistan #china
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Politics Apr 08, 2026

US-Iran Conflict Escalates: Trump's Threats of Infrastructure Destruction Spark Fears of Prolonged War

The US-Iran conflict escalates as President Trump threatens to destroy Iran's infrastructure, promp…
The US-Iran conflict has taken a dire turn as President Donald Trump threatens to destroy Iran's power plants, bridges, and other vital civilian infrastructure if Tehran does not reopen the Strait of Hormuz. Analysts warn that such actions will only prolong and expand the conflict, which has already entered its sixth week.Naveed Shah, political director at Common Defense, an advocacy group led by US military veterans, cautioned that if the regional war is not brought to an end soon, “there’s no end in sight as to how far” it will spread. Shah emphasized that attacking infrastructure will not end the war faster, but rather make it go on much longer.Iran has warned of severe retaliation if its civilian infrastructure is attacked, potentially targeting energy and power facilities across the region, which could further raise oil and gas prices. Several Iranian officials have ruled out reopening the Strait of Hormuz under Trump's threats.Brian Finucane, an analyst at the International Crisis Group and former adviser at the US Department of State, stated that attacks on civilian infrastructure in Iran are unlikely to help Trump achieve his goals, namely reopening Hormuz. “It’s hard to see this lead to some quick US victory,” Finucane said.The supply pressure from closing Hormuz is being felt in the US, where petrol prices have gone up to more than $4.11 per gallon from less than $3 before the war. Finucane noted that escalating attacks against Iran and having Iran escalate attacks against its neighbors is a recipe for “even higher gas prices.”Trump has set a deadline for Iran to reopen Hormuz or face widespread destruction, threatening that the “whole civilisation will die” after the deadline passes. Qatar's Foreign Ministry spokesperson Majed al-Ansari warned that prolonging the war benefits no one and could take the conflict to a point where it cannot be controlled.Negar Mortazavi, a senior fellow at the Center for International Policy, said more threats and attacks by Trump will only lead to more resistance by Iran. “Maximum pressure has not produced surrender from Iran since the first term of President Trump,” Mortazavi told Al Jazeera.
#Donald Trump #Iran #Tehran
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News Apr 08, 2026

Pakistan Pleads with Trump for Two‑Week Extension on Iran Deal and Urges Tehran to Reopen Hormuz Strait

Pakistan’s prime minister appealed to President Donald Trump for a two‑week extension on the deadli…
In an urgent 11‑hour appeal posted on X, Pakistani Prime Minister Shehbaz Sharif asked U.S. President Donald Trump to push back the deadline for his proposed Iran deal by two weeks. Sharif also called on Tehran to fully reopen the Strait of Hormuz for the same period, framing the move as a goodwill gesture that could bolster ongoing diplomatic talks aimed at ending the U.S.–Israeli war on Iran. Sharif wrote that “Diplomatic efforts for peaceful settlement of the ongoing war in the Middle East are progressing steadily, strongly and powerfully with the potential to lead to substantive results in the near future,” and added that a temporary cease‑fire across the region would give negotiations a chance to succeed. The White House, through press secretary Karoline Leavitt, confirmed that President Trump is aware of Pakistan’s proposal and that an official response will be forthcoming. Meanwhile, a senior Iranian official told Reuters that Tehran is “positively reviewing” the request. Trump has intensified his rhetoric, warning on Truth Social that the United States would “destroy the Iranian civilization” if Tehran does not fully open the Strait of Hormuz and comply with his terms. Iran has responded by nearly halting maritime traffic through the waterway, which carries about one‑fifth of the world’s oil and LNG shipments, as retaliation for recent U.S.–Israeli strikes on Iranian soil. The Islamic Revolutionary Guard Corps warned it would not hesitate to strike back if U.S. forces target civilian facilities. In parallel, Israel has launched attacks on Iranian railways and bridges, while Iranian forces have struck targets in Bahrain, Qatar and the United Arab Emirates. A Pakistani source speaking to Al Jazeera noted that “we’re at a dangerous escalation, but the possibility of diplomacy can’t be ruled out till the last minute,” emphasizing Islamabad’s commitment to keeping all diplomatic channels open despite internal opposition. Legal experts have warned that Trump’s threats to target civilian infrastructure could amount to a war crime. Yale University professor and U.S. legal scholar Oona Hathaway warned that any such action would become “exhibit A” in future war‑crimes tribunals, noting that there is no statute of limitations for these offenses. As the deadline looms, the international community watches to see whether Trump will grant the requested extension, whether Iran will reopen the strategic strait, and whether diplomatic momentum can translate into a lasting cease‑fire in the volatile Middle East.
#iran #trump #war
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Politics Apr 07, 2026

Israel Warns Iranians Against Train Travel as Trump’s Strait of Hormuz Deadline Approaches, Prompting Regional Infrastructure Shutdowns

Israel’s military has cautioned Iranians to avoid trains and railways, signaling possible strikes b…
Israel’s armed forces posted a stark warning on X, urging Iranians to refrain from using trains or approaching railway lines until 21:00 Iran time (17:30 GMT). The message, issued on the military’s Persian‑language account, framed the advisory as a safety measure, hinting at imminent strikes on civilian rail infrastructure before U.S. President Donald Trump’s deadline to reopen the Strait of Hormuz lapses. Trump has publicly threatened to bomb Iran’s bridges and power plants if the strategic waterway remains closed, setting a deadline of Tuesday 8 p.m. EST (01:00 GMT Wednesday). In response, Tehran has pledged “devastating” retaliation against any attacks on its civilian targets. Recent Israeli air operations have intensified. New strikes hit Tehran’s residential districts and a nearby synagogue, and a petrochemical facility on Iran’s side of the South Pars gasfield—shared with Qatar—was also targeted. According to Iran’s Ministry of Health, the conflict, which began on 28 February, has claimed at least 2,076 Iranian lives over more than five weeks. Amid the escalating rhetoric, the King Fahd Causeway linking Saudi Arabia and Bahrain was suspended as a precaution against potential Iranian attacks on Saudi Arabia’s Eastern Province. The 25 km (16 mi) bridge is the sole road link for Bahrain, which hosts the U.S. Navy’s 5th Fleet. Gulf states report heightened alert levels: alarms sounded in Bahrain and the UAE, and the Saudi Ministry of Defense said it intercepted seven ballistic missiles in its eastern sector. Al Jazeera’s correspondent noted that the Gulf region has borne the brunt of the conflict. On the diplomatic front, the UN Security Council is slated to vote on a watered‑down resolution aimed at unblocking the Strait of Hormuz. The draft, seen by AFP, omits any language authorising force, but Russia and China retain the power to veto. Iran’s blockade has already rattled global energy markets, driving oil and gas prices to record highs and forcing nations to adopt austerity measures. Analysts such as Trita Parsi, vice‑president of the Quincy Institute, argue that President Trump retains the flexibility to extend the deadline without losing credibility, given his historically limited diplomatic leverage. As the deadline looms, the convergence of military warnings, infrastructure closures, and diplomatic maneuvering highlights the fragile balance between coercive pressure and the risk of broader regional escalation.
#Israel Defense Forces #Iran #Strait of Hormuz
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Features Apr 07, 2026

Pakistan’s Solar Surge Buffers Rural Farmers from Iran‑War Energy Shock

A grassroots solar boom in Pakistan, exemplified by farmer Karim Baksh’s switch from diesel‑pumped …
Karim Baksh of Dasht, a remote Balochistan village, once relied on a diesel‑powered pump to irrigate his watermelon fields. After the 2022 Russia‑Ukraine war drove diesel prices sky‑high, he could no longer afford the fuel, forcing him to cut back his cultivated area. In 2023 he took a gamble: borrowing 300,000 Pakistani rupees (≈ $1,075) from relatives and installing a modest row of solar panels. Three years later, the panels run his pump without diesel, letting him water his crops even as global oil markets tumble amid the US‑Israel war on Iran and the temporary closure of the Strait of Hormuz, through which 20% of world oil and gas normally flows. Baksh’s experience reflects a broader national shift. Pakistan imports about 80% of its oil via the Hormuz chokepoint and sources 99% of its LNG from Qatar and the UAE. A Council on Foreign Relations report warns that a prolonged closure could trigger severe power shortages, factory shutdowns, and transport disruptions. Yet a quiet solar revolution is building resilience. Since 2018, rooftop solar installations have saved Pakistan over $12 billion in fuel imports, and at current prices the sector is projected to save another $6.3 billion this year alone. According to the independent think‑tank EMBER, solar’s share of the national energy mix surged from 2.9% in 2020 to 32.3% in 2025. This growth is not the result of a single government plan but of millions of individual decisions—farmers swapping diesel pumps, businesses installing panels, and households seeking reliable electricity. In urban centres such as Lahore and Karachi, solar rooftops are commonplace. Homeowners typically recoup installation costs within a few years, enjoy free electricity thereafter, and can even sell surplus power back to the grid through net‑metering. By 2025, 25% of Pakistani households use solar in some form, up from 15% in 2023, with over 280,000 consumers now participating in net‑metering schemes. However, the benefits are uneven. The upfront cost of a 3 kW system—about 450,000 rupees ($1,610)—and larger commercial setups costing up to 2.2 million rupees ($7,874) remain out of reach for many low‑income families. Analysts warn that non‑solar users, largely poorer households, are subsidising the grid usage of solar owners. Net‑metering has already shifted an estimated 159 billion rupees (≈ $570 million) of costs onto other consumers, raising concerns about a two‑tier energy system. The rapid expansion is powered largely by imports from China, which controls roughly 80% of the global solar supply chain. Chinese lithium‑ion batteries, now 20% cheaper than in 2024, enable storage for nighttime use, further reducing reliance on the national grid. Solar panel prices have plummeted: from 100‑120 rupees per watt in the early 2010s to about 30 rupees per watt today. This price collapse, combined with electricity shortages and rising tariffs after the 2022 oil price spike, made solar an attractive alternative for those able to invest. Government policy has been mixed. A 2015 net‑metering scheme encouraged adoption by offering roughly 25 rupees ($0.090) per kilowatt‑hour for exported power and by reducing import taxes on panels. More recently, concerns over the financial strain on the power sector led to a cut in the buy‑back rate to about 10 rupees ($0.036) per kilowatt‑hour. For Baksh, the policy shifts matter little. His solar‑powered pump guarantees water for his watermelons regardless of diesel price swings or geopolitical turmoil. He plans to expand his solar array, increase production, and ship his harvest to larger markets in Quetta and Karachi. In a region where temperatures can soar to 51 °C (124 °F), the sun has become a reliable ally—ensuring that, for farmers like Baksh, “the water keeps flowing no matter what.”
#pakistan #china #balochistan
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Tech Apr 07, 2026

Inside Scale AI's Outlier Platform: Workers Scrape Instagram, Label Porn and Dog Waste for Meta‑Backed AI Training

Scale AI, a company partly owned by Meta, uses its Outlier platform to pay tens of thousands of gig…
Tens of thousands of people have been hired by Scale AI – a firm 49% owned by Meta – to train artificial‑intelligence models by scraping Instagram accounts, harvesting copyrighted artwork and transcribing pornographic soundtracks, according to the Guardian.Scale AI promotes its Outlier platform as a flexible, expert‑driven marketplace, recruiting professionals from medicine, physics and economics to "become the expert that AI learns from."Workers, however, say the reality diverges sharply from high‑level model refinement. They describe tasks that involve massive personal‑data scraping and content that many find morally uncomfortable.Outlier is managed by Scale AI, which holds contracts with the U.S. Pentagon and other defense companies. Its chief executive, Alexandr Wang, is hailed by Forbes as the world’s youngest self‑made billionaire, while former managing director Michael Kratsios served as science adviser to former President Donald Trump.One contractor noted that users of Meta platforms would be shocked to learn their photos and friends’ images are being harvested for AI training, with workers manually reviewing profiles to extract data.The Guardian interviewed ten Outlier contributors – many also journalists, graduate students, teachers or librarians – who took the gig work out of economic desperation. One said, "A lot of us were really desperate" and felt compelled to accept the unstable, low‑pay assignments.These gig workers, dubbed “taskers,” often feel they are training their own replacements, expressing “internalised shame and guilt” over contributing to the automation of creative professions.Law firm Clarkson, representing AI gig workers, estimates that hundreds of thousands of people worldwide now labor on platforms like Outlier. Taskers report bait‑and‑switch recruitment tactics, where advertised high salaries are replaced by lower‑paid projects after onboarding.All contributors are monitored through a tool called Hubstaff, which can screenshot browsers to verify work. While Scale AI claims the software is only for accurate payment, workers describe it as constant surveillance.Assignments have ranged from transcribing pornographic audio and labeling photos of dead animals or dog faeces, to annotating diagrams of infant genitalia and violent police scenarios. One doctoral student recounted being promised “no nudity” only to receive explicit porn clips.Scale AI says it shuts down any task flagged as inappropriate and does not accept projects involving child sexual‑abuse material or pornography, though workers note that publicly available images of minors have been used for training.Social‑media scraping tasks required workers to tag individuals by name, location and age, sometimes pulling data from accounts of users under 18. One task asked contributors to order Facebook photos by the subject’s age, prompting ethical unease.In addition to personal data, taskers were asked to harvest copyrighted artwork, with strict instructions to avoid AI‑generated images and select only hand‑drawn pieces. Scale AI maintains it does not ask workers to violate copyright standards.Scale AI’s client list includes major tech firms such as Google, Meta and OpenAI, as well as the U.S. Department of Defense and the government of Qatar, highlighting the growing demand for labelled data as AI models scale.Some workers reported interacting with ChatGPT and Claude, and speculated they might be training Meta’s upcoming model, code‑named “Avocado.”OpenAI announced it ended its partnership with Scale AI in June 2025, citing its supplier code of conduct that mandates ethical treatment of all workers.Despite irregular pay, occasional mass layoffs and the unsettling nature of many tasks, many taskers remain on the Outlier platform, hoping the AI future will eventually improve conditions. One said, "I have to be positive about AI because the alternative is not great."In response, a Scale AI spokesperson stated, "Outlier provides flexible, project‑based work with transparent pay. Contributors choose when and how they participate, and we regularly hear from highly skilled contributors who value the flexibility and opportunity to apply their expertise on the platform."
#Scale AI #Meta #Outlier platform
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News Apr 06, 2026

Ukraine and Syria Pledge Enhanced Security Cooperation Amid Regional Tensions

Ukrainian President Volodymyr Zelenskyy and Syrian President Ahmed al-Sharaa have agreed to enhance…
Ukrainian President Volodymyr Zelenskyy and Syrian President Ahmed al-Sharaa have pledged to strengthen security cooperation between their countries. The agreement was made during Zelenskyy's visit to Damascus, where he discussed ways to enhance security and development opportunities for both nations. The cooperation aims to provide more security and opportunities for development for their societies, Zelenskyy wrote on Telegram after the meeting. He highlighted that there is a great interest in exchanging military and security experience between the two countries. Ukraine, which has developed significant expertise in countering drone attacks during its ongoing conflict with Russia, has been offering its military capabilities to countries in the Middle East region. Zelenskyy has recently signed long-term military cooperation deals with Saudi Arabia and Qatar, and has sent teams to the United Arab Emirates, Qatar, and Saudi Arabia to share Ukraine's expertise. Syria, which currently lacks effective air defenses against Iranian drones and missiles, stands to benefit from Ukraine's experience. Iran and its allied groups have been attacking US and Israeli targets, as well as targets in Gulf countries, using a range of missiles and drones. In addition to security cooperation, Zelenskyy and al-Sharaa discussed joint opportunities to strengthen food security across the region. Zelenskyy emphasized that Kyiv is a reliable grain supplier. The meeting between the two presidents was also attended by Turkish Foreign Minister Hakan Fidan, who met with Zelenskyy, al-Sharaa, and Ukrainian Ambassador Andrii Sybiha. This trilateral meeting underscores the growing diplomatic engagement in the region. Zelenskyy's visit to Syria follows his recent trip to Turkiye, where he agreed on new steps in security cooperation with President Recep Tayyip Erdogan and discussed joint gas infrastructure projects.
#ukraine #syria #iran
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