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World Economy Apr 14, 2026

Strait of Hormuz Traffic Plummets as Only 279 Vessels Pass Since War, 22 Attacked – US Blockade Fuels Oil Surge

Since the outbreak of hostilities, ship movements through the Strait of Hormuz have collapsed by mo…
On Tuesday, shipping data from LSEG and Kpler confirmed that at least three tankers entered the Gulf via the Strait of Hormuz, including the Panama‑flagged Peace Gulf, which is bound for Hamriyah port in the United Arab Emirates. Earlier that day, two U.S.–sanctioned vessels, the Rich Starry and the Elpis, also transited the waterway. Because none of these ships were destined for Iranian ports, they remain exempt from the U.S. blockade that began on Monday. The U.S. Central Command (CENTCOM) announced that, as of 10 a.m. ET (14:00 GMT) on Monday, a naval blockade was in effect against all maritime traffic to and from Iranian ports, in line with the presidential order issued by former President Trump. The directive applies to "vessels of all nations" operating in Iranian coastal waters, including the Arabian Gulf and the Gulf of Oman. Tehran has warned of possible retaliation against ports in neighboring Gulf states. In response to the blockade, the Islamic Revolutionary Guard Corps (IRGC) ordered every ship to follow a newly‑drawn navigation map that forces vessels to enter the strait north of Larak Island and exit south of it, citing the risk of anti‑ship mines in the former main traffic zone. Before the conflict, the strait functioned like a divided highway with two dedicated lanes—each about 3.2 km long—carrying roughly one‑fifth of the world’s oil and gas shipments. The IRGC now classifies the original lanes as "restricted" and has effectively closed them. Ship traffic has collapsed by **more than 95 %** since the war began. Kpler’s tracking data shows that only **279 vessels** passed through the strait between Feb. 28 and Apr. 12, a stark contrast to the pre‑war average of around **100 ships per day**. Even after a cease‑fire took effect on Apr. 8, a mere **45 ships** have entered or exited the waterway. The disruption has left hundreds of tankers and other vessels stranded in the Gulf, slashing global oil and gas supplies by an estimated **20 %**—the largest fuel‑supply shock on record. Damage to Gulf energy infrastructure and the sharp reduction in shipments have pushed crude prices up by roughly **50 %**, with Asian importers bearing the brunt of the price spike. According to the same Kpler data, **22 ships** have been attacked in the Strait of Hormuz since the conflict started. The incidents are distributed as follows: eight in United Arab Emirates waters, six in Omani waters, two each in Iraqi and Qatari waters, and one each in Bahraini, Kuwaiti, Saudi and Iranian waters. These figures underscore the strategic vulnerability of the world’s most critical energy chokepoint and highlight how the combined effect of the U.S. naval blockade and Iran’s alternate routing has reshaped global shipping patterns and commodity markets.
#iran #irgc #kpler
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News Apr 14, 2026

US Blockade of Hormuz Strait Effective as No Ships Pass Through on First Day

The US military blockade of the Strait of Hormuz has been effective in its first 24 hours, with no …
The US military's Central Command (CENTCOM) reported that no ships 'made it past' the blockade in the Strait of Hormuz during its first 24 hours. Six merchant ships were ordered to turn around after being intercepted. The blockade, which began after failed US-Iran talks in Pakistan, applies only to vessels entering and exiting Iranian ports, while others remain free to transit the waterway.CENTCOM stated that 10,000 US sailors, Marines, and airmen are involved in the operation, along with more than a dozen US warships and dozens of aircraft. The blockade's effectiveness has raised concerns about Iranian retaliation and its impact on global oil markets.Despite CENTCOM's report, there are conflicting accounts of ships transiting the strait. Reuters reported at least three vessels, including two US-sanctioned tankers, passed through without heading to Iranian ports. However, AFP and US media outlets reported two ships left Iranian ports and transited the waterway.The situation remains tense, with Iran condemning the blockade as 'piracy' and Trump threatening to 'eliminate' any Iranian ships that attempt to break the blockade. Both sides have signaled openness to further talks, with Trump suggesting potential developments within two days and Iran expressing willingness to negotiate on issues like the Strait of Hormuz, Iran's nuclear program, and a ceasefire extension to Lebanon.
#blockade #ships #hormuz
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News Apr 14, 2026

Day 46 of the US‑Iran Standoff: Hormuz Blockade Fuels Protests, Diplomatic Overtures and Rising Oil Prices

Four weeks into the US‑Iran confrontation, Washington’s naval blockade of the Strait of Hormuz has …
President Donald Trump asserted that a diplomatic path remains open for Tehran, even as the United States enforces a naval blockade of Iranian ports and Israel deepens its ground offensive in southern Lebanon. Iran’s leadership denounced the blockade as "piracy" and thousands gathered in Tehran to demonstrate against the restriction on maritime traffic through the strategic Strait of Hormuz. The Associated Press reported that diplomatic channels are still active; Pakistan has volunteered to host a second round of negotiations in Islamabad later this week. US blockade and protests: The enforcement of the maritime restrictions has provoked Iranian accusations of illegal action and sparked street protests in the capital. Tehran’s legal stance: Iran’s armed forces labeled the blockade unlawful, warning that targeting its ports could jeopardize broader Gulf shipping. IRGC warning: A Revolutionary Guard spokesperson hinted that Iran retains "unused capabilities" and may adopt new tactics if the confrontation escalates. Parliamentary support for the Pope: Speaker Mohammad Bagher Ghalibaf praised Pope Leo XIV’s condemnation of the war, describing it as courageous. Russian nuclear staff pull‑out: Moscow has withdrawn most of its personnel from Iran’s sole nuclear power plant, a project built with Russian assistance. Qatar’s mediation call: Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani urged both Washington and Tehran to engage constructively in mediation. Pakistan’s ceasefire assessment: Prime Minister Shehbaz Sharif said the US‑Iran truce is holding, even as weekend talks failed to produce a breakthrough. Shipping disruption: A UN spokesperson warned that there is no military solution and noted that roughly 20,000 vessels are stranded, straining global supply chains, especially for fertiliser. UK push for Lebanese inclusion: London advocated adding Lebanon to the US‑Iran ceasefire framework, which currently omits Hezbollah‑related fighting. US‑Lebanon diplomatic talks: Israeli and Lebanese ambassadors are slated to meet in Washington to discuss halting hostilities. Hezbollah’s rejection: Leader Naim Qassem urged Lebanon to cancel the planned Washington meeting, reaffirming the group’s opposition to any direct dialogue with Israel. Russia’s uranium offer: The Kremlin reiterated its willingness to accept Iran’s enriched uranium as part of a broader US‑Iran settlement, echoing President Vladimir Putin’s statements. Trump on Iranian outreach: The former president claimed Iranian officials have expressed a strong desire to negotiate, though he did not identify the interlocutors. Trump’s stance on the Pope: He dismissed criticism of Pope Leo XIV as unwarranted, labeling the pontiff "weak" on key issues, including Iran. Threat to Iranian vessels: Trump warned that U.S. forces will neutralise any Iranian fast‑attack ships that approach the blockade zone. Domestic political pressure: Senate Democrats, led by Chuck Schumer, are pushing for a new vote to limit the president’s war‑making powers, citing rising U.S. fuel prices. Protester arrests in New York: Approximately 90 demonstrators, including whistleblower Chelsea Manning and actor Hari Nef, were detained during a Manhattan traffic‑stop protest against the war and U.S. arms sales to Israel. Israel’s buffer‑zone push: Israeli forces continue ground and air operations in southern Lebanon, razing structures in border towns such as Naqoura to create a security buffer. Hezbollah retaliation: The group has intensified rocket and drone attacks on Israeli positions in locations like Bint Jbeil and Biyyada. Accusations of a "Greater Israel": Hezbollah chief Hassan Qassem accused Prime Minister Benjamin Netanyahu of pursuing an expansionist agenda backed by the United States. Diplomatic tension with Italy: Israel summoned the Italian ambassador after Italy’s foreign minister condemned Israeli attacks on Beirut as "unacceptable". Casualties in Lebanon: Israeli operations have raised the death toll in southern Lebanon since March 2 to at least 2,089, including a recent drone strike that killed two civilians near Nabatieh. Public opinion in Lebanon: Lebanese citizens are divided, with some weary of the conflict and hopeful for diplomacy, while others distrust Israel’s intentions. Canadian casualty: Canada’s foreign minister confirmed that a Canadian national died in southern Lebanon, though details remain scarce. Energy implications: Reuters reported that a Chinese‑owned tanker, sanctioned by the United States, successfully navigated the Strait of Hormuz despite the blockade, underscoring the challenges of enforcement. Oil market outlook: U.S. Energy Secretary Chris Wright warned that oil prices could keep climbing until "meaningful ship traffic" resumes through the strait.
#iran #pakistan #qatar
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Entertainment Apr 14, 2026

Low‑Budget Horror ‘Itch!’ Delivers Gruesome Body‑Horror in a Supermarket Siege

The 2026 horror film *Itch!* blends visceral body‑horror with a tense supermarket standoff, but its…
Itch! thrusts viewers into a nightmarish scenario where a hyper‑contagious disease forces victims to scratch themselves to death. The film’s most striking moment features a woman literally tearing her own skin, a set‑piece that showcases the director’s knack for visceral body‑horror despite a shoestring budget. The narrative then shifts to a cramped department store, where a rag‑tag group of uninfected shoppers must endure a claustrophobic dialogue‑driven showdown. While the premise echoes classic confinement thrillers such as John Carpenter’s The Thing and Assault on Precinct 13, the limited resources prevent the film from fully capitalising on these influences. Critics note that a larger budget could have amplified the already effective practical effects, and a tighter script would have deepened the human drama. The ensemble includes a widowed father (played by director‑screenwriter Bari Kang) juggling single‑parenthood, a cantankerous customer (portrayed by Douglas Stirling) who complains about price‑matching on Amazon, and several other archetypal figures. However, the screenplay struggles to give each character a distinct emotional arc, leaving audiences at a distance. Despite these shortcomings, the film’s core concept—an epidemic of fatal itching—offers a fresh angle for the under‑served eczema community and delivers moments of genuine horror. Itch! becomes as much a character study as a genre piece, though the balance tilts unevenly. The movie is available on UK digital platforms from 20 April 2026 and on US digital platforms from 21 April 2026.
#Itch! #2026 horror film #body-horror
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Politics Apr 14, 2026

Trump‑Era Thinktank Rally Shows Climate Denial Gaining Institutional Clout in Washington

A recent conference hosted by the Heartland Institute in Washington brought together climate skepti…
Scientists have confirmed that March 2026 was the hottest March on record in the United States, underscoring the urgency of the climate crisis. Yet, a weekend gathering in a hotel basement near the White House, organized by the climate‑denying Heartland Institute, celebrated a very different narrative.The audience—predominantly middle‑aged men in suits—cheered the claim that the world is finally “waking up” to the idea that there is no climate crisis. Heartland Institute president James Taylor described the atmosphere as “wonderful” and declared that “the truth is winning out.”The event’s headline speaker was Lee Zeldin, the EPA administrator—a figure also rumored to be under consideration for the role of attorney general. Zeldin framed the conference as a day of “vindication,” accusing a “cabal of elites” of using climate science to push a political agenda.Booths and banners, sponsored by groups such as the CO2 Coalition, displayed slogans like “CO2 is a lifesaver” and “There is no climate crisis.” Pamphlets touted fossil fuels as the “greenest energy source” and dismissed net‑zero targets as unfounded.While some attendees denied the existence of global warming outright, others conceded that temperatures were rising but insisted it was not a human‑caused emergency. Taylor later clarified that “humans have played a role in climate change, but that is not the same as a ‘climate crisis.’”Harvard historian Naomi Oreskes noted that think tanks like Heartland portray themselves as underdogs, even though they receive substantial backing from powerful interests. The institute has historically been funded by major oil companies—including Shell and ExxonMobil—and by the Mercers, a prominent Republican donor family.When asked about current funding sources, Taylor dismissed the inquiry as “curious and disappointing,” insisting that the organization is supported by individuals who value “freedom and affordable energy.” He added that the institute has not received oil money for nearly two decades, though he would “gladly accept” it again.Under the Trump administration, groups such as the Heartland Institute, the CO2 Coalition, and the Committee for a Constructive Tomorrow (CFACT) have secured unprecedented policy influence. Their agenda includes the repeal of the EPA’s “endangerment finding,” a legal basis for most U.S. climate regulations. During Zeldin’s introduction, CFACT president Craig Rucker announced the rollback to a cheering crowd.CFACT’s lobbying helped cancel a California offshore‑wind project, while the CO2 Coalition’s founder helped establish a White House committee that questioned climate science during Trump’s first term. Most recently, the coalition succeeded in placing an ophthalmologist with no air‑pollution expertise on a key EPA advisory panel.Despite the deniers’ confidence, polling consistently shows that a **vast majority of Americans**—including 42 % of young Republicans—acknowledge climate change and view it as a pressing issue. Taylor countered by citing a 2019 survey indicating limited willingness to pay higher electricity bills for climate action, but the broader data suggest strong public concern.Younger activists disrupted a youth‑focused panel, arguing that the conference’s “geriatric white‑male” audience was out of touch with the climate realities that will affect their generation. One protester shouted, “There’s no such thing as fossil‑fuel‑caused climate change!” before being removed.The clash highlighted a growing divide: while right‑wing think tanks are consolidating power within the federal government, public opinion and scientific consensus continue to affirm the reality and urgency of global warming.
#Heartland Institute #Lee Zeldin #EPA
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News Apr 13, 2026

US Orders Full Blockade of Iranian Ports, Sending Crude Over $100 and Raising Global Tensions

The United States will commence a comprehensive blockade of Iranian Gulf ports at 14:00 GMT, follow…
The U.S. military announced that, starting at 14:00 GMT on Monday, it will enforce a blockade of every Iranian port, a step taken after President Donald Trump ordered a naval closure of the Strait of Hormuz—the waterway through which roughly one‑fifth of global crude oil normally flows. The blockade comes on the heels of stalled peace negotiations in Islamabad, where talks between Washington and Tehran collapsed without an agreement despite a prior cease‑fire pledge. Trump’s escalation has already driven crude prices above $100 per barrel and unsettled Asian equity markets, with the Nikkei 225 down 0.84%, the Topix slipping 0.42% and South Korea’s Kospi falling 1.83%. Iran’s response is equally forceful. The Islamic Revolutionary Guard Corps warned that any vessel entering the strait would be deemed a breach of the cease‑fire and dealt with “harshly and decisively,” insisting it has “full control” and threatening a “deadly vortex” for any misstep. Navy chief Shahram Irani dismissed Trump’s threat as “ridiculous and funny,” while state television said Iranian forces are closely monitoring U.S. movements. Foreign Minister Abbas Araghchi lamented “maximalism, shifting goalposts, and blockade” that undermined a near‑final Islamabad memorandum, quoting, “Good will begets good will. Enmity begets enmity.” Parliament speaker Mohammad Bagher Ghalibaf pledged resistance and mocked U.S. gasoline prices, posting a map of Washington‑area pump prices and predicting nostalgia for $4‑$5 gas. U.S. Central Command clarified that the blockade will stop all vessels bound for or from Iran, while traffic to non‑Iranian ports will continue unhindered. Trump also warned that any ship that has paid an “illegal toll” to Iran will be intercepted on the high seas, and he publicly criticized Pope Leo XIV for urging an end to the conflict. In Lebanon, Israeli airstrikes have killed at least five people, bringing the country’s overall death toll to 2,055. Hezbollah retaliated with a rocket barrage aimed at northern Israeli towns, citing violations of a cease‑fire. The United Nations Interim Force in Lebanon (UNIFIL) reported that an Israeli tank rammed peace‑keeping vehicles twice in the south. Israel’s Prime Minister Benjamin Netanyahu visited troops on the Lebanese border, claiming that Hezbollah’s invasion threat has been neutralized, though he acknowledged that hostilities continue within the security zone. On the energy front, shipping through the Hormuz corridor has “immediately halted,” according to Lloyd’s List, with several vessels turning back after the blockade announcement, further tightening global oil supplies.
#iran #hezbollah #lebanon
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Politics Apr 13, 2026

Trump's Iran War Escalation Becomes Everyone's Problem

The article discusses how Trump's escalation of the conflict with Iran has become a global problem,…
The ongoing conflict between the US and Iran has taken a turn for the worse, with President Trump's decision to escalate rather than negotiate turning this into a global problem. Europe, which had initially adopted a stance of non-involvement, is now facing the consequences of Trump's actions. The US naval blockade of Iran aims to prevent the country from shipping oil to market unless it allows free passage through the Strait of Hormuz. However, this move has caused oil prices to rise and stocks to fall, with the global economy feeling the pinch. The International Monetary Fund (IMF) meeting in Washington has turned into a crisis summit, with global growth forecasts being revised down due to the expected prolonged energy shock. The conflict has also raised concerns about shortages of essential goods such as medicines, fertilizers, and helium, which could have far-reaching consequences for the global economy. The article suggests that Trump's threats to stop tankers reaching Iranian ports and seize any ship paying Iran a toll for safe passage risk spiraling the war out of control. In this context, former UK Prime Minister Boris Johnson's suggestion that Europe should help the US get out of the mess it has created has some merit. The article argues that Europe needs to find a way to help Trump retreat without losing face, and that diplomacy and negotiation are crucial to resolving the crisis. The article concludes that Trump's war aims are unpredictable and that the US needs NATO's diplomats and ideas to resolve the crisis, rather than just brute force. Europe must find a way to work with the US to end the conflict and prevent further economic damage.
#Donald Trump #Iran #United Nations
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World Economy Apr 13, 2026

US Pressure Sidelines Climate Talks at Global Finance Meetings

The US is pressuring the World Bank and IMF to downplay climate change discussions at global financ…
The ongoing global finance talks between the International Monetary Fund (IMF) and the World Bank Group (WBG) have taken a contentious turn. Governments are being urged not to mention climate change, despite its growing impacts and the pressing need for climate finance.The climate crisis has significant implications for developing countries, which are already paying billions to repair damage from droughts, floods, and storms. The World Bank Group aims to devote 35% of its funding to climate-related activities, but US pressure may hinder these efforts.US Treasury Secretary Scott Bessent has demanded the removal of some climate finance targets from the World Bank's aims, insisting on an 'all-of-the-above approach to energy' that includes financing for gas, oil, and coal. This move has sparked alarm among other countries, including large developed economies.Experts warn that sidelining climate change discussions would be disastrous for the developing world. Mohamed Adow, director of the Power Shift Africa thinktank, described the situation as 'beyond absurd', emphasizing that fossil fuels and the climate emergency are inextricably linked.The World Bank is the biggest single source of climate funding, and many donor countries channel their climate finance largely through the multilateral development banks. At the Cop29 UN climate summit in Azerbaijan in 2024, countries agreed that at least $1.3tn a year should flow to the developing world by 2035 to help countries cut greenhouse gas emissions and cope with the impacts of extreme weather.Lord Stern, a former World Bank chief economist, suggested that much could still be achieved without formally labelling projects as climate-related, emphasizing that investing in low-carbon infrastructure and energy systems is crucial for sustainable development.
#climate #world #bank
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World Economy Apr 13, 2026

UK households face £480 income hit as Iran‑triggered energy surge slashes living‑standard gains

The Resolution Foundation warns that soaring energy costs linked to the Iran conflict will erase ro…
Rising energy costs stemming from the Iran war are set to deliver a sharp blow to British living standards, with the Resolution Foundation estimating that the average working‑age household could lose about £480 in income this year. Before the conflict began, the think‑tank projected a modest 0.9% rise in household earnings. Market‑driven energy price spikes have now pushed that forecast into a -0.6% decline, effectively turning a gain into a loss. Oil and gas markets have reacted dramatically: Brent crude has surged back above $100 per barrel (£74), while analysts such as JPMorgan Chase expect prices to stay elevated through the current quarter, with Goldman Sachs revising its Brent outlook to an average of $90 per barrel in Q2. For the poorest fifth of households, the outlook is equally grim. Expected income growth has been trimmed from 2.8% to 1.2%, despite a long‑overdue real‑terms increase in benefits for some low‑income families. Families with three or more children stand out as a relative bright spot. The abolition of the two‑child limit is projected to generate a 7.7% income boost for this group, contrasting with zero growth for poorer families with fewer children. Energy bills are also poised to climb this summer, erasing the £117 average savings households enjoyed after the regulator lowered the energy price cap in April, according to Jonathan Marshall, the foundation’s principal economist. In response, the Resolution Foundation is urging the UK government to fast‑track a social tariff before winter, aiming to shield the most vulnerable households from the worst of the price shock. James Smith, chief economist at the foundation, warned that “while hopes for sustained peace persist, the path of this conflict remains uncertain and energy prices stay well above pre‑war levels, meaning many households face a decline in purchasing power this year.” He added that “de‑escalation is welcome, but the damage to household finances is already largely done; the government should act now to prepare a social tariff that reaches households falling through the cracks this winter.”
#year #households #energy
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