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World Economy Apr 03, 2026

Iran-Israel Conflict Triggers Sudden LNG Shortage for Pakistan, Turning Surplus into Crisis

The U.S.-Israel strike campaign against Iran and the ensuing retaliation have crippled Qatar's LNG …
At the start of 2026 Pakistan was sitting on a surplus of imported liquefied natural gas (LNG). Three consecutive years of falling demand – from a peak of 8.2 million tonnes in 2021 to 6.1 million tonnes by late 2025 – were driven by cheap solar panels and reduced industrial activity. The government responded by quietly selling excess cargoes abroad and shutting down domestic wells to avoid over‑pressurising pipelines. Any gas that could not be diverted would have been pushed into household networks at a loss, adding billions to the sector’s crippling debt. Everything changed on 28 February when the United States and Israel launched the "Epic Fury" operation against Iran. The strikes killed Supreme Leader Ali Khamenei and targeted missile sites, air defences and military infrastructure. Iran retaliated with hundreds of missiles and drones, choking traffic through the Strait of Hormuz – a chokepoint for roughly 20 % of global oil and gas. As part of its retaliation, Iranian drones hit Qatar’s Ras Laffan Industrial City on 2 March, the world’s largest LNG export hub. Qatar, the second‑largest LNG exporter after the United States, declared force majeure and halted all production, releasing it from contractual delivery obligations. The fallout was immediate. Qatar’s forced shutdown cut its LNG output by 17 % and disrupted the supply chain that fuels Pakistan, which sources almost all of its imported gas from Qatar and the United Arab Emirates. Pakistan’s LNG arrivals plummeted from 12 shipments in January to just two in March. Monthly cargo data from the Oil and Gas Regulatory Authority (OGRA) show that the country received between eight and twelve shipments a month through 2025, but only two arrived after the conflict began. Price pressure followed. On 13 February state‑owned Pakistan State Oil and Pakistan LNG Limited bought eight cargoes at an average of $10.47 per MMBtu (totaling $257.1 million). By 12 March the two cargoes that did arrive cost $12.49 per MMBtu – a 19 % increase in just one month. Long‑term contracts have left Pakistan with little flexibility. Two government‑to‑government agreements with Qatar, spanning 15 and 10 years, commit the country to nine shipments a month. Even as domestic demand fell – LNG’s share of Asian markets dropped from ~30 % in 2020 to ~18 % in 2025 – the contracts remained binding. Solarisation has been a double‑edged sword. By 2025 Pakistan installed 34 GW of solar capacity, with about 25 GW feeding the national grid, driving an 11 % decline in overall electricity demand between 2022 and 2025. Gas‑fired power plants built for imported LNG are now under‑utilised, especially during daylight hours. Analysts warn that the surplus was predictable. “Pakistan’s energy planning has been locked into long‑term contracts with little room for adjustment,” says Haneea Isaad of the Institute for Energy Economics and Financial Analysis (IEEFA). The resulting circular debt now stands at 3.3 trillion rupees (≈ $11 billion), and the government is negotiating to off‑load 177 unwanted shipments worth $5.6 billion through 2031. With Qatar’s LNG shipments effectively halted, the country faces a potential shortfall of more than 21 % of its power generation capacity. The National Electric Power Regulatory Authority confirmed that LNG supplies are under force majeure, while coal imports from South Africa and Indonesia continue. To mitigate the gap, Pakistan is reviving domestic gas production that had been throttled during the surplus period. Roughly 350–400 million cubic feet per day of domestic gas were previously held back for LNG imports, now being released to the grid. Nevertheless, analysts caution that even with restored domestic gas, imported coal and hydropower, “the energy shortage may persist, especially during the peak summer months.” Summer pressure is already building. The State of Industry Report 2025 recorded peak electricity demand of over 33,000 MW last summer, while winter demand sits around 15,000 MW, helped by solar generation of 9,000–10,000 MW daily. Furnace oil, the primary backup fuel, now costs 35 rupees per unit (≈ $0.12), more than double since the Strait of Hormuz disruption. Consumers with grid electricity face higher bills and possible outages; industrial users reliant on gas risk production cuts; those equipped with rooftop solar and battery storage are best insulated. “Returning to the spot market is unlikely given Pakistan’s dire financial position, and competing with wealthier nations would price the country out,” Isaad warns. “The realistic outcome may be planned load‑shedding of two to three hours daily.”
#pakistan #lng #qatarenergy
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Economy Apr 03, 2026

China's 'Teapot' Refineries Cushion Impact of Iran War on Oil Crisis

China's 'teapot' refineries have helped the country mitigate the effects of the US-Israeli war on I…
The ongoing conflict between Iran and the US-Israeli alliance has sent shockwaves through global oil markets, with Brent crude prices surging 5% to $106.16 per barrel on Thursday morning. Despite being heavily reliant on Iranian oil, China appears to have largely insulated itself from the crisis.China's strategy involves utilizing 'teapot refineries,' small, privately owned oil refineries primarily based in Shandong province. These facilities have been importing discounted Iranian and Russian oil, accounting for one-quarter of China's processing capacity. This approach allows China to circumvent US sanctions and maintain a stable oil supply.China's teapot refineries have been stockpiling oil reserves, providing a buffer against potential supply disruptions. According to Muyu Xu, a senior crude oil analyst at Kpler, China's seaborne crude imports in March stood at 10.19 million barrels per day (mbd), down from 11.51mbd in February but still in line with the 2025 average of 10.41mbd.The US has previously imposed sanctions on some of these teapot refineries for importing Iranian oil. However, China's tolerance of this independent system has proved strategically useful, allowing the country to maintain a flexible buffer for bargain barrels during crises.Experts note that while China's measures will not completely immunize the country from rising fuel prices, they do provide Beijing with more flexibility to survive a crisis compared with other nations. China's approach involves aggressive stockpiling, tolerating shadow networks, and keeping flexible buffers, demonstrating its preparedness for energy shocks.
#China #Iran #Russia
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Sports Apr 03, 2026

Iranian Women's Footballers Face 'Enormous Pressure' After Asian Cup Saga

Iranian women's footballers Mona Hamoudi and Zahra Sarbali reveal the 'enormous pressure' they face…
Iranian footballer Mona Hamoudi had one ambition when she boarded the flight to Australia for the Women’s Asian Cup: to play well. However, the tournament became a test of her skills, patience, and ability to make difficult decisions under enormous pressure.Hamoudi, a 32-year-old midfielder, was part of the Iranian national squad that travelled to Australia in early March. The trip unravelled into one of the most scrutinised episodes in the history of Iranian women’s sport. The squad had remained silent during the national anthem ahead of their Asia Cup opener against South Korea on March 2, two days after the United States and Israel went to war with Iran and killed Supreme Leader Ayatollah Ali Khamenei.Their silence was perceived by some as a protest against the Iranian government, and Iran’s state television branded the women as “traitors”. The players sang the anthem at their next two matches, but fears for their safety grew further after it was reported in the media that they were being monitored by Iranian government and football officials.Following Iran’s elimination at the group stage, five players – Hamoudi among them – claimed asylum and were granted humanitarian visas by the Australian authorities. However, after the rest of the squad left Australia on March 10, five of the seven later reversed course and said they would return to Iran – including Hamoudi.Hamoudi and teammate Zahra Sarbali describe the decision to return to Iran as inseparable from a sense of duty; to family, teammates, and “national obligation”, rather than a purely free choice made in calm and safety. They faced harassment and constant following from media and social media, and the expectations and pressure from the Iranian-Australian community.The journey back to Tehran was marked by fear and tension, with the media attention that had followed them throughout the tournament only intensifying once they were back in Iran. The football federation offered formal support, and the players appeared on national television after their return and resumed training as normal.On March 19, the team were met in Tehran with a hero’s welcome from the public, with several thousand people gathering in Valiasr Square, many holding Iranian flags. However, fears remain over the consequences for their careers and how their every future action might be interpreted.Maryam Irandoust, a former head coach of the Iranian women’s national team, said these experiences will carry a psychological weight onto the pitch, directly affecting performances in training and in matches. Adel Ferdosipour, a veteran Iranian sports journalist, warned that any punishment of the players could deter future footballers from representing Iran.
#iranian #iran #players
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Features Apr 03, 2026

Israel's Attacks on Lebanon Destroy Healthcare Infrastructure, Fuel Mass Displacement

Israel's attacks on Lebanon have severely damaged the country's healthcare infrastructure, resultin…
Israel's ongoing attacks on Lebanon have led to a significant deterioration of the country's healthcare infrastructure. In the past month, 53 medical workers have been killed, 87 ambulances and medical centers destroyed, and five hospitals forced to close, according to Lebanon's Ministry of Public Health.The attacks have resulted in the displacement of 1.2 million people, putting an enormous strain on the already struggling Lebanese healthcare system. Experts and analysts say that Israel's actions are part of a broader strategy to force people out of southern Lebanon.“Israeli strikes and blanket evacuation orders are cutting people off from care and shrinking the space for health services to function,” said Luna Hammad, Lebanon medical coordinator for Doctors Without Borders (MSF). MSF has documented a pattern of attacks affecting healthcare.The destruction of healthcare infrastructure has also led to a significant increase in emergency room admissions. Healthcare facilities are under higher strain than before, with many patients needing treatments like chemotherapy, radiotherapy, and dialysis being transferred further north.Direct attacks on healthcare workers and facilities have been documented by Human Rights Watch (HRW), which has noted repeated, apparently deliberate attacks on medical workers in Lebanon. Medical workers and healthcare facilities are protected under international humanitarian law, and Israel's attacks on medics in 2024 were described as an apparent war crime by HRW.The attacks on healthcare infrastructure during times of war are not new. Forensic Architecture has documented systematic targeting of hospitals and healthcare workers in Gaza. Experts warn that such attacks have compounding effects, including treatable injuries getting worse, war wounds not healing properly, and long-term consequences.Experts and analysts say that the attacks are unlikely to cease as long as the pattern of impunity continues. Lebanon's government has a responsibility to ensure accountability and to give jurisdiction to the International Criminal Court (ICC) to investigate and prosecute war crimes.
#lebanon #healthcare #attacks
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Sports Apr 03, 2026

Tiger Woods Arrested for DUI, Claims He Was Talking to the President

Golf legend Tiger Woods was arrested for driving under the influence (DUI) in Florida after crashin…
Tiger Woods, the renowned golfer, was arrested on March 27 for driving under the influence (DUI) in Florida after his car crashed on a residential road. According to body camera footage, Woods told a Sheriff's deputy that he was 'talking to the president' during the incident.The footage shows Woods appearing astonished as he was handcuffed after failing a sobriety test. He was found to have hydrocodone in his possession, a painkiller that contains an opioid. Woods claimed he had taken 'a few' medications earlier in the day but denied drinking any alcohol.Woods, 50, pleaded not guilty to the charges and later announced that he would be stepping away indefinitely 'to seek treatment and focus on my health'. The incident has raised concerns about Woods' health and well-being, particularly given his history of surgeries, including seven back surgeries and over 20 surgeries on his right leg.
#woods #his #told
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News Apr 03, 2026

Trump Dismisses Attorney General Pam Bondi Amid Epstein File Fallout, Names Todd Blanche Acting AG

President Donald Trump removed Attorney General Pam Bondi after a turbulent 14‑month tenure, citing…
President Donald Trump announced on Truth Social that Pam Bondi is being removed as Attorney General, ending a contentious 14‑month stint at the Justice Department. Bondi, who described her upcoming shift to the private sector as a "transition," will leave the post within the next month. In a rapid reshuffle, Trump elevated Deputy Attorney General Todd Blanche—who previously served as the former president’s criminal‑defense lawyer—to acting attorney general. The president also hinted that EPA Administrator Lee Zeldin could become the permanent replacement, signaling a continued preference for close allies in key legal roles. Bondi’s ouster follows a series of high‑profile controversies. Most notably, her management of the Jeffrey Epstein files drew intense scrutiny. After promising full transparency, the Justice Department released heavily redacted documents that failed to satisfy public and congressional demands for a "client list" and other evidence. Critics, including victims’ attorney Gloria Allred, called her departure "long overdue" for mishandling the files. Beyond the Epstein saga, Bondi struggled to deliver the political prosecutions Trump expected. Efforts to pursue former FBI Director James Comey and other officials linked to investigations of the president stalled or collapsed, fueling Trump’s frustration that she was not "weaponising" the department aggressively enough against his perceived enemies. Bondi, a former Florida attorney general and the state’s first female AG, built a reputation on tough‑on‑crime initiatives such as combating human trafficking and cracking down on "pill mills." However, her limited involvement in the original Epstein non‑prosecution deal and her heated exchange with a Democratic lawmaker—where she called him a "washed‑up loser"—further eroded confidence in her leadership. The White House confirmed that Bondi’s private‑sector role will be announced "in the near future," while Blanche issued a statement on X thanking Trump for the trust placed in him and pledging to "continue backing the blue, enforcing the law, and keeping America safe." Congressional oversight intensifies as the House Oversight Committee had scheduled Bondi to appear before it on April 14 to answer questions about the Epstein documents. With her exit, committee chair James Comer said Republicans would deliberate whether to pursue the subpoena, while Democrats, led by Robert Garcia, insist she "will not escape accountability." Reactions span the political spectrum: Democrats such as Senator Elizabeth Warren denounced the DOJ under Bondi as a "cesspool of corruption," whereas Republican Senator Chuck Grassley praised her responsiveness to oversight and noted a decline in violent crime during her tenure. Republican Thomas Massie urged the next AG to release all Epstein files and pursue arrests. As the administration searches for a permanent attorney general, the choice between Blanche and Zeldin will signal how closely Trump intends to align the Justice Department with his political agenda moving forward.
#bondi #trump #his
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News Apr 03, 2026

Russia to Send Second Oil Shipment to Cuba Amid US Blockade

Russia plans to send a second oil shipment to Cuba as the island nation struggles under a crippling…
Russia has announced plans to send a second oil shipment to Cuba as the Caribbean nation continues to face significant challenges due to a crippling US blockade. The announcement was made by Russian Energy Minister Sergei Tsivilev, who stated that the cargo is currently being loaded and will soon be transported to Cuba. The development comes on the heels of a Russian tanker docking in Cuba's Matanzas oil terminal earlier this week, delivering approximately 700,000 barrels of crude oil. This shipment marked the first significant oil delivery to Cuba in nearly three months, and it was made possible by a waiver granted by the US administration for humanitarian reasons. Cuba has been facing weeks of blackouts, fuel rationing, and food shortages due to the US blockade, which was imposed by the Trump administration. The blockade has been described by Cuban officials as 'cruel' and has had a severe impact on the nation's economy and daily life. In response to the crisis, hundreds of people gathered in Havana to protest the US embargo, chanting slogans such as 'Yes to Cuba! No to the blockade!' The protests reflect the growing frustration among Cubans regarding the economic hardships caused by the blockade. Russian Deputy Prime Minister Oscar Perez-Oliva has stated that Havana and Moscow are working to achieve stability in fuel supplies and are making progress in talks aimed at increasing Russian companies' participation in oil exploration and production in Cuba. US President Donald Trump has commented on the issue, stating that he has 'no problem' with Russia sending oil to Cuba, while also expressing his views on Cuba's political situation.
#cuba #oil #blockade
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News Apr 03, 2026

Rights Groups Condemn ICE's Arrest of Palestinian Advocate Salah Sarsour

Ten Muslim civil rights groups have denounced the arrest of Salah Sarsour, a Palestinian American c…
Ten Muslim civil rights groups have issued a joint letter condemning the arrest of Salah Sarsour, a Palestinian American community leader in Wisconsin, by Immigration and Customs Enforcement (ICE) agents. Sarsour, the president of the Islamic Society of Milwaukee and a vocal Palestinian advocate, was reportedly pulled over by 10 federal agents while driving on March 30.The groups, including the Council on American-Islamic Relations (CAIR) and the Muslim Legal Fund of America, expressed concern that Sarsour was being targeted due to his Palestinian and Muslim background. They noted that his detention reflects a troubling trend of targeting immigrant activists, scholars, and foreign students who have been critical of Israeli oppression.Sarsour, a lawful permanent resident who has lived in the US for 32 years, was transferred to a detention facility in Illinois, then to Indiana, leaving his family “scrambling to determine his whereabouts”. His wife and children are all US citizens.The groups have launched an online campaign for Sarsour’s legal defence, which has earned over $35,500 in donations as of Thursday afternoon.The arrest has been widely condemned by officials in Wisconsin, including local alderpersons JoCasta Zamarripa and Alex Bower, who called the situation a “nightmare”. State Senator Chris Larson also expressed concern, stating that the federal government has yet to offer any reasons publicly for Sarsour’s arrest.The Trump administration has taken a hardline approach to pro-Palestinian activism, with Trump pledging to crack down on protesters denouncing human rights abuses during Israel’s genocidal war on Gaza if he were re-elected in 2024.
#sarsour #his #ice
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Sports Apr 03, 2026

Rory McIlroy Sets Sights on Further Glory After Masters Win

Rory McIlroy reflects on his Masters win and his motivation to continue competing at the highest le…
Rory McIlroy is focused on achieving more in golf after his 2025 Masters win, which marked his fifth major and a grand slam. He expressed no concerns about maintaining motivation, citing his physical and mental well-being at 36.McIlroy emphasized his desire to continue winning and has his sights set on several goals, including:Defending his Masters titleWinning an Open at St AndrewsMatching Nick Faldo's record of six major wins for a European golferHe credits his caddie, Harry Diamond, for providing crucial support during his Masters victory. McIlroy also reflects on his approach to regular tour events, suggesting they are now less of a priority compared to major tournaments.McIlroy's global golfing ambitions are clear, having taken the Green Jacket to countries like India and Australia. He aims to balance his schedule to maintain peak performance in major tournaments while still competing in other events.His idol, Tiger Woods, serves as a contrast, having struggled with letting go of the sport. McIlroy, on the other hand, envisions a future where he can compete at a high level into his 40s, inspired by players like Justin Rose who remains competitive at 45.
#Rory McIlroy #Masters Tournament #PGA Tour
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