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World Economy Apr 04, 2026

India and Sri Lanka Face Looming Food Crisis Amid Iran Conflict and Fertiliser Shortages

The ongoing conflict in Iran has led to a significant increase in global fertiliser prices, affecti…
Farmers in India and Sri Lanka are bracing for a potential food crisis as the conflict in Iran disrupts global fertiliser supplies. The war has led to a blockade of the Strait of Hormuz, a critical shipping route for oil and gas supplies from the Gulf states, causing a shortage of natural gas and fertilisers.In India, farmers like Gurvinder Singh are worried about the impact on their crops. 'If we don't get fertilisers, there will be less yield. That will affect my entire family and the entire region, because we are completely dependent on agriculture.' India is the world's second-largest fertiliser consumer, using over 60 million tonnes annually, with most of its imports coming from Gulf countries.The World Food Programme has estimated that an extra 45 million people could be pushed into acute food insecurity if the conflict does not end by June. Experts warn that South Asian countries, including India and Sri Lanka, are particularly vulnerable due to their heavy reliance on imported fertilisers and gas.In Sri Lanka, the situation is dire, with farmers facing massive price increases and warning of a potential food crisis. The Sri Lankan government has attempted to control prices and ration fertiliser, but the chairman of the National Agrarian Unity warns that the fertiliser crisis is even bigger than the fuel crisis and poses a threat to national security.The conflict has already begun to strain supply chains, with gas supplies to fertiliser factories cut by 30%. Farmers are stocking up on fertiliser in advance, but many small-scale farmers are already operating with heavy losses and are crushed by debt.
#farmers #fertiliser #india
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Business Apr 04, 2026

AI Giants Bet on Massive Natural‑Gas Power Plants as Turbine Costs Surge

Tech leaders Microsoft, Google and Meta are racing to secure natural‑gas power plants to fuel AI‑in…
AI‑Driven Power Race The AI boom is prompting the biggest wave of power‑infrastructure investment since the early days of cloud computing. Companies are scrambling to lock in natural‑gas supplies and build on‑site generators, a move that could reshape electricity markets in the southern United States. Scale of the Projects Microsoft is partnering with Chevron and Engine No. 1 to construct a natural‑gas plant in West Texas that could reach 5 GW of capacity. Google has confirmed a collaboration with Crusoe for a 933 MW plant in North Texas. Meta is adding seven more plants to its Hyperion data‑center complex in Louisiana, bringing total on‑site capacity to 7.46 GW—enough, the company notes, to power the entire state of South Dakota. Combined, these projects exceed 13 GW, roughly equivalent to the average electricity demand of a mid‑size U.S. state. Supply Constraints and Cost Pressures Wood Mackenzie warns that turbine prices have surged 195% versus 2019 levels. If a 2020 turbine cost $1 million, the same unit now costs about $2.95 million, inflating the equipment share of a plant’s budget from 20% to up to 30%. The consultancy also notes a six‑year lead time for turbine delivery, meaning new orders cannot be placed until 2028. This bottleneck could delay the rollout of additional capacity precisely when AI workloads are accelerating. Resource Availability and Market Risks The U.S. Geological Survey estimates that a single gas‑rich region holds enough supply to power the entire United States for 10 months. While abundant, production growth in the three leading shale basins—responsible for three‑quarters of U.S. output—has slowed, tightening the long‑term outlook. Natural gas accounts for about 40% of U.S. electricity generation (EIA). Consequently, any spike in gas prices reverberates through wholesale electricity markets, raising the cost of power for all consumers, not just data‑center operators. Strategic Risks for Tech Companies Behind‑the‑meter gas plants allow firms to claim “self‑supply,” but they merely shift demand from the public grid to the gas grid, potentially driving up wholesale gas prices. Industrial users—petrochemical plants, fertilizer manufacturers—cannot easily substitute gas with renewables, so they may push back against large‑scale data‑center consumption. Extreme weather, such as the 2021 Texas freeze, can curtail wellhead output, forcing a choice between keeping AI workloads online or supplying heat to households. In sum, the AI‑driven rush for natural‑gas power plants highlights a fundamental physical constraint: the digital economy still depends on finite, market‑sensitive energy resources. Betting heavily on a commodity that can swing dramatically in price may prove costly if AI growth plateaus or if gas supply tightens.
#Microsoft #Google #Meta
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Politics Apr 03, 2026

Iran Releases Footage of US Aircraft Searching for Downed Pilots

Iran has released videos showing US aircraft searching for pilots shot down in Iranian territory.
Iran has released footage of US aircraft conducting a search operation for pilots who were shot down in Iranian airspace. The videos, obtained by Iranian authorities, provide a glimpse into the search efforts undertaken by the US military.The release of these videos comes amid heightened tensions between Iran and the United States, with both countries engaging in a delicate diplomatic dance. The incident highlights the complexities of military interactions between nations and the importance of transparency in such situations.
#Iran #United States #US Air Force
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News Apr 03, 2026

Over 100 US Legal Scholars Warn US‑Israel Strikes on Iran May Constitute War Crimes

More than a hundred US‑based international law experts have signed an open letter condemning the US…
More than 100 United States‑based international law scholars have signed an open letter denouncing the recent US‑Israeli strikes on Iran as a violation of the United Nations Charter and potentially amounting to war crimes. The letter, released on Thursday, asserts that the campaign – launched on February 28 – proceeded without UN Security Council authorization and without credible evidence of an imminent Iranian threat. According to the scholars, the legal basis for force against another state exists only in self‑defence against an actual or imminent armed attack, or when expressly sanctioned by the Security Council. Iran has not attacked the United States or Israel, and the Security Council did not approve the operation. The experts organize their concerns into four categories: the legality of the war decision, the conduct of hostilities, threatening rhetoric from senior officials, and what they describe as the dismantling of civilian‑protection safeguards within the US defence establishment under Secretary of Defense Pete Hegseth’s “gloves‑off” approach. Among the most alarming incidents highlighted is the strike on a primary school in Minab, Iran on the first day of the conflict, which killed at least 175 people, the majority of them children. The letter also cites attacks on hospitals, water treatment facilities, and energy infrastructure, emphasizing that schools, health facilities, and homes have been targeted. The signatories condemn public statements by senior US officials, including a mid‑March remark by former President Donald Trump that the United States might strike Iran “just for fun,” and early‑March comments from Pentagon chief Pete Hegseth dismissing “stupid rules of engagement.” They argue that such rhetoric reflects an “alarming disrespect” for international humanitarian law, which is designed to protect civilians and combatants alike. Financially, the letter notes that the war is costing US taxpayers up to $2 billion per day, underscoring the broader economic burden of the conflict. The open letter was co‑authored by prominent legal scholars such as Yale Law School’s Oona Hathaway, former State Department legal adviser Harold Koh, NYU’s Philip Alston, and former Human Rights Watch chief Kenneth Roth. While the authors focus on the United States’ conduct, they warn of a heightened risk of atrocities throughout the region. Emphasizing the need for consistent application of international law, the scholars write: “We urge US government officials to uphold the UN Charter, international humanitarian law, and human rights law at all times, and to publicly make clear US commitment to and respect for norms of international law.”
#law #international #iran
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News Apr 03, 2026

Israel Faces $112 bn War Burden as Public Endurance Wanes Amid Iran Conflict

Two‑and‑a‑half years of successive wars have cost Israel an estimated 352 billion shekels ($112 bn)…
Analysts say that more than two years of relentless campaigns against Gaza, the Houthis, Lebanon and now Iran have reshaped Israel’s politics, economy and social fabric.Washington, rather than Jerusalem, is likely to decide the ultimate outcome of the conflict that Israeli leaders describe as an “existential battle” with Tehran.According to the Bank of Israel, the cumulative cost of these wars has reached 352 billion shekels (about $112 bn), which translates to roughly 300 million shekels ($96 m) per day. The financial pressure is compounded by the International Court of Justice hearing credible genocide accusations and the International Criminal Court’s arrest warrants for the prime minister and a former defence minister.Domestically, Israelis endure frequent air‑raid alerts and school closures, while many families juggle work and shelter duties. Yet a poll by the Israel Democracy Institute in late March showed that 78 % of Jewish Israelis still support continuing the war, even as a majority doubt that Washington and Israeli planners have fully grasped Tehran’s capabilities.Political commentator Dahlia Scheindlin told Al Jazeera that a “graveness” has settled over the population, noting a grim determination to press on despite exhaustion.Israel’s right‑wing coalition, led by figures such as National Security Minister Itamar Ben‑Gvir and ultra‑Orthodox Finance Minister Bezalel Smotrich, has pushed through a controversial death‑penalty law targeting Palestinians and approved a record $271 bn budget. The budget allocates substantial funds to ultra‑Orthodox and settler communities, a move described by critics as an attempt to shore up Prime Minister Netanyahu’s waning support.Internationally, the United Nations, European Union and several Muslim‑majority states have condemned the new death‑penalty legislation, though Israel has so far avoided direct sanctions.Economists warn that the war’s fiscal impact extends beyond defence spending. A Le Monde analysis highlighted rising defence outlays, lost productivity from reservist mobilisation, and dampened consumer activity. While temporary tax cuts have mitigated fuel‑price spikes caused by Iran’s closure of the Strait of Hormuz, political economist Shir Hever cautions that Israel’s reliance on imported fuel means any relief is short‑lived.Hever likens the current economic trajectory to that of a “totalitarian state,” where military expenses are pursued arbitrarily, ignoring broader economic stability.Ultimately, the war’s duration may hinge more on U.S. policy than Israeli strategy. When asked by Newsmax about progress toward its goals, Prime Minister Netanyahu could only claim the effort was “halfway” achieved.
#israel #iran #war
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Politics Apr 03, 2026

Burkina Faso's Traore Rejects Democracy, Cites Libya as Example

Burkina Faso's military leader, Ibrahim Traore, has stated that people should 'forget about democra…
Burkina Faso's military leader, Ibrahim Traore, has made a striking statement, urging citizens to 'forget about democracy'. This declaration comes just three months after his government dissolved all political parties in the West African nation.In a lengthy interview on state television, Traore referenced Libya as an example where outsiders attempted to impose democracy but failed. He claimed that democracy 'kills' and equates it with slavery.Traore's government has been distancing itself from initial promises to restore democratic governance. He seized power in September 2022, following a military coup that overthrew the democratically elected government of President Roch Marc Kabore.The military government had promised to combat al-Qaeda and ISIL-linked armed groups but the country continues to face repeated attacks, with hundreds of thousands of civilians displaced.Traore initially promised elections in 2024 but later reneged, stating they would only be held when all parts of Burkina Faso are safe for voting.In January, Traore's government scrapped over 100 political parties and seized their assets. Parliament and political activity were previously suspended, and the Independent National Electoral Commission was dissolved in July 2025.Analysts have raised concerns about the government's targeting of institutions, including the media and judiciary. Journalists, political opposition leaders, and prosecutors critical of the military government have been forcibly conscripted and sent to the front lines.Burkina Faso, along with neighboring military governments in Niger and Mali, exited the regional Economic Community of West African States (ECOWAS) bloc to form their own Alliance of Sahel States (AES) last January.The country has turned to Russian paramilitary fighters after evicting former colonial power, France, which had deployed some 5,000 soldiers to help fight armed groups in the Sahel region.Violence in Burkina Faso has continued to escalate, with fatalities tripling in the three years since Traore took power, reaching 17,775 by last May. Most of those killed were civilians, many by government forces and allied militias.
#Ibrahim Traore #Burkina Faso #Libya
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News Apr 03, 2026

US and Israel's Attacks on Iran's Medical Facilities Escalate

The US and Israel have launched multiple attacks on medical facilities in Iran, resulting in signif…
The conflict between the US and Israel against Iran has taken a devastating toll on the country's healthcare system. At least 2,076 people have been killed and 26,500 wounded in Iran since the US and Israel first launched strikes on the country on February 28.Iranian President Masoud Pezeshkian has strongly condemned the attacks, appealing to international health organizations to respond to the crisis. On Thursday, he wrote on X: “What message does attacking hospitals, pharmaceutical companies and the Pasteur Institute as a medical research center in Iran convey?”The Pasteur Institute, a key center for medical research and vaccine production in Tehran, has been targeted. The institute, founded over 100 years ago in collaboration with the Institut Pasteur in Paris, conducts research on infectious diseases, produces vaccines, and provides advanced diagnostics.According to the World Health Organization (WHO), over 20 attacks on healthcare facilities in Iran have been verified since March 1, resulting in at least nine deaths, including an infectious diseases health worker and a member of the Iranian Red Crescent Society.Some of the facilities hit include:Red Crescent warehouse in Bushehr province, which was destroyed by a drone strike on Friday morning.Tofigh Daru Research and Engineering Company, one of Iran’s largest pharmaceutical companies, which was hit on March 31.Delaram Sina Psychiatric Hospital in Tehran, which was significantly damaged on March 29.Ali Hospital in Andimeshk, which sustained damage from an explosion on March 21.Gandhi Hospital in Tehran, which was damaged during attacks on a nearby television communications tower on March 2.International humanitarian law states that health establishments and units, including hospitals, should not be attacked. The United Nations Security Council resolution 2286 was adopted unanimously in 2016, condemning attacks on healthcare and calling on nations to respect international law.The attacks on healthcare facilities are not limited to Iran. Israel has also targeted healthcare facilities in Lebanon and Gaza, resulting in significant damage and loss of life.
#iran #hospital #health
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Politics Apr 03, 2026

Trump Escalates Rhetoric: US Aims to Seize Iran's Oil Industry

US President Donald Trump suggests that with more time, the US can seize Iran's oil industry, escal…
US President Donald Trump has intensified his rhetoric against Iran, suggesting that the United States aims to seize the country's oil industry. In a recent social media post, Trump stated that with more time, the US can 'easily open the Hormuz Strait, take the oil, and make a fortune.' This assertion marks a significant escalation in his statements regarding Iran. The strategic Hormuz Strait, a critical waterway for global oil shipments, has been effectively blocked by Iran early in the conflict, leading to a surge in energy prices. Trump's comments come as the US and Israel continue their military campaign against Iran, with the war now entering its sixth week. Under international law, specifically the doctrine of Permanent Sovereignty over Natural Resources adopted by the UN General Assembly in 1962, oil and minerals are considered to belong to the countries where they are located. Trump's repeated calls for 'taking the oil' in countries involved in US military actions, including Iraq and Venezuela, have been controversial. Despite the assassinations of top Iranian officials and daily bombardments by the US and Israel, the Iranian government remains in control of the country's natural resources. The US has no publicly known military presence on the ground in Iran, and Trump did not provide details on how his administration plans to control Iran's oil. Trump's suggestion that replicating the Venezuelan model in Iran is possible but would require prolonging the war has sparked concerns. He expressed a preference for taking Iran's oil but noted that the US public may not have the patience for a prolonged conflict. Legal experts have criticized Trump's threats to bomb civilian infrastructure, including power stations and water desalination plants, as potential war crimes under international law. Iran's Foreign Ministry spokesperson has likened the US attacks to ISIS tactics, highlighting the devastating impact on civilian populations.
#Donald Trump #Iran #oil industry
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Features Apr 03, 2026

Ukraine Halts Russian Advances, Deals Blow to Oil Exports and War Effort

Ukraine has successfully slowed down Russian advances and reclaimed occupied territory, while also …
Ukraine has made significant gains on the battlefield, halving the Russian rate of advance in the past three months and reclaiming 470sq km of occupied territory this year. The country's military has also dealt a major blow to Russia's oil export capacity, striking key terminals and refineries, including Ust-Luga and Primorsk, which account for about 60% of Russia's oil export capacity.Ukrainian President Volodymyr Zelenskyy has secured agreements with several Gulf states, including Saudi Arabia, the UAE, and Qatar, to export Ukrainian drone know-how in return for joint drone production support. This has enabled Ukraine to increase its drone production and effectively counter Russian advances.The Ukrainian military has also targeted Russian munitions production, striking the Promsintez explosives plant in the Samara region, which produces 30,000 tonnes of military explosives annually. According to estimates, Russia has lost 45% of its missile production capacity due to Ukrainian strikes.In response to Ukrainian attacks, Russia has begun to extend its drone strikes throughout the day, imitating Iran's tactics against the US and Israel. However, Ukraine has successfully shot down over 90% of the drones launched by Russia.
#ukraine #russia #russian
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