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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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World Economy Apr 03, 2026

Northern Ireland Sees Sharpest Fuel Price Surge in UK Since Iran War

Fuel prices in Northern Ireland have surged by 19% for petrol and 35% for diesel since the start of…
Fuel prices in Northern Ireland have experienced the sharpest increase in the UK since the beginning of the Iran war. Petrol prices have jumped by 19% and diesel by 35% since the end of February. A 50-litre tank now costs an average of £75 for petrol and £91 for diesel, up from £63 for petrol and £67 for diesel on 28 February.Northern Ireland previously had some of the lowest fuel prices in the UK due to tighter competition and links to Ireland. However, the gap with other regions has narrowed, with prices remaining the lowest in the UK. Across the UK, fuel prices continue to rise as the Middle East conflict shows no sign of de-escalation. Petrol prices have jumped by 16% and diesel by 30% since the start of the war.Analysis of Eurostat and UK government data reveals that only seven other European countries have recorded larger increases in petrol prices than Northern Ireland. The pattern is similar for diesel, with prices jumping by up to 44% in Estonia. In the UK, the north has seen the sharpest increase in petrol prices among English regions, with drivers paying an average of 154p a litre, up 17% from 132p a litre on the day the war broke out.Price increases in rural areas are similar to urban areas, but data shows that at least 100 stations in mostly rural parts of England and Scotland are charging between 180p and 210p a litre for petrol. The average petrol price for 10 major retailers has risen sharply, with Shell petrol stations charging an average of 158p a litre for standard unleaded petrol.Simon Williams, head of policy at the motoring services company RAC, said: “Drivers hitting the roads this Easter weekend will be faced with some truly eye-watering fuel prices.” Separate official data analysed by RAC showed that petrol prices have gone up nearly 22p a litre – or 16% – to an average of 154.45p since the beginning of the war.
#petrol #prices #fuel
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Politics Apr 03, 2026

Starmer's 40-Nation Coalition Aims to Reopen Strait of Hormuz Amid Iran Blockade

The UK, led by Prime Minister Keir Starmer, is hosting virtual talks with around 40 countries to di…
The UK is leading a coalition of approximately 40 nations in virtual talks to address the ongoing blockade of the Strait of Hormuz by Iran. The waterway, crucial for global energy supply, has been blocked since the US and Israel initiated a war on Iran on February 28.The blockade has had severe economic repercussions, causing global oil prices to skyrocket above $100 per barrel, a roughly 40% increase from pre-war levels. This surge has forced countries, particularly in Asia, to implement fuel rationing and reduce industrial production. For instance, Malaysia has ordered all civil servants to work from home to conserve energy.The US has opted out of these talks, with President Donald Trump stating it's not the US's responsibility to reopen the strait, suggesting that European countries should secure their own oil. In response, UK Prime Minister Keir Starmer is chairing a video conference with over 40 countries, including France, the Netherlands, Germany, Italy, Canada, Australia, and the United Arab Emirates.The meeting's agenda includes assessing diplomatic and political measures to restore freedom of navigation, ensure the safety of trapped ships and seafarers, and resume the movement of vital commodities. The UK government has also outlined plans to clear the strait of landmines and protect tankers crossing the area.Experts suggest that while the coalition's efforts are crucial, the blockade's resolution is uncertain without an arrangement with Iran. Iran has demanded international recognition of its authority over the Strait of Hormuz as one of its conditions for a ceasefire. The country's parliament is also considering legislation to collect tolls from ships transiting the strait.Analysts argue that reopening the strait by force would require US and European allies to collaborate. However, under current circumstances, the coalition's success seems doubtful unless a negotiated arrangement with Iran is reached.
#Keir Starmer #United Kingdom #Strait of Hormuz
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Politics Apr 02, 2026

Trump Says US Nears Victory as Iran Fires New Missiles, Gulf States Intercept Attacks and Markets React

On day 34 of the US‑Israel war, Iran launched a fresh wave of missiles after President Trump claime…
Iran launched a new barrage of missiles at Israel following President Donald Trump’s televised claim that Washington had "destroyed the Iranian military" and was on the brink of completing its war objectives. Trump’s address, delivered hours after he asserted that Tehran had requested a ceasefire—a claim Tehran promptly denied—also featured a pledge to "finish the job" and a statement that the core strategic goals of the United States were "nearing completion." Iranian President Masoud Pezeshkian emphasized that Iran holds no hostility toward the peoples of the United States, Europe or neighboring states, while urging the American public to question the motives behind the continued conflict. In Tehran, the war has intensified: US‑Israeli air campaigns continue to cause casualties and infrastructure damage, and Iranian forces persist with missile and drone counter‑attacks. Foreign Minister Abbas Araghchi warned that, despite receiving messages from Washington, "trust remains at zero" for any negotiation. Senior political figure Kamal Kharazi, a former foreign minister, was seriously wounded when a strike hit his home in Tehran, killing his wife. Kharazi had been involved in back‑channel talks through Pakistan aimed at reviving negotiations. In the Gulf, the United Arab Emirates reported intercepting incoming Iranian missiles and drones, and a tanker off Doha sustained damage from a projectile, though no casualties were reported. President Trump publicly thanked Gulf allies, pledging that the United States would not allow them to be harmed. Within the United States, analysts such as Trita Parsi of the Quincy Institute noted that Trump’s speech offered little new information, essentially summarising recent tweets and suggesting a lack of a clear operational plan. Israel’s military confirmed that its air‑defence systems were actively intercepting Iranian missiles, but the attack wounded 14 civilians, including an 11‑year‑old girl, near Tel Aviv. Israeli officials said the timeline outlined by Trump aligns with Prime Minister Benjamin Netanyahu’s assessment of the campaign. Regional spill‑over continued: an Israeli strike on Beirut killed a senior Hezbollah commander and at least seven civilians, while an air strike on Iraq’s Anbar province killed seven fighters and injured 13 at a military healthcare clinic. On the economic front, the World Bank expressed "extreme concern" about the conflict’s impact on inflation, employment and food security, and is consulting member states on emergency measures. Despite the turmoil, global equity markets rallied and oil prices fell after Trump’s optimistic remarks, indicating short‑term investor relief.
#Donald Trump #Iran #United States
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News Apr 02, 2026

Russia Pledges Continued Support to Cuba with Oil Shipments

Russia has reaffirmed its commitment to assisting Cuba, a day after delivering the island nation's …
Russia has pledged to continue providing assistance to Cuba, following the delivery of a Russian-flagged tanker carrying 730,000 barrels of oil to the island nation. This shipment marks the first crude oil delivery to Cuba in three months, providing much-needed relief to the country's struggling energy grid.Maria Zakharova, spokesperson for the Russian Ministry of Foreign Affairs, stated that Cuba is Russia's closest friend and partner in the Caribbean, and that Russia will not abandon it. Zakharova also expressed solidarity with Cuba, calling for the US to lift its blockade on the independent sovereign state.The oil shipment, which arrived at the Bay of Matanzas, is expected to produce approximately 180,000 barrels of diesel, enough to meet Cuba's daily demand for nine or 10 days. This temporary reprieve comes as Cuba faces an energy crisis, exacerbated by the loss of Venezuelan oil supplies following the removal of President Nicolas Maduro in January.The energy crisis has led to frequent blackouts and brought hospitals, public transportation, and farm production to the brink of collapse. The Cuban government has welcomed the shipment, with Energy and Mines Minister Vicente de la O Levy expressing gratitude to Russia for its support.Russia's actions have drawn attention from the US, with President Donald Trump stating that he had 'no problem' with Russia sending oil to Cuba for humanitarian reasons. However, Trump also criticized Cuba's leadership, saying that the island nation's problems would not be solved by receiving oil shipments.
#cuba #oil #russia
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Politics Apr 01, 2026

Iran Launches Missile Strike on Oil Tanker off Qatar's Coast

Qatar's Defence Ministry reports that missiles launched from Iran hit an oil tanker in Qatari terri…
Qatar's Defence Ministry has confirmed that missiles launched from Iran struck an oil tanker within the country's territorial waters. The incident has heightened concerns over regional stability and security.In a related development, US President Donald Trump has stated that Iran does not have to make a deal for him to end the war and suggested that the conflict could be resolved in two to three weeks. These comments come amid ongoing tensions between the US and Iran.
#Iran #Qatar #oil tanker
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News Apr 01, 2026

Iran's Drone Attacks Spark Fires in Kuwait, Bahrain, and Kill One in UAE

Iran's drone attacks have caused fires in Kuwait and Bahrain, and killed a man in the UAE, escalati…
Iran's aggressive actions have led to a series of incidents across the Gulf region. Kuwait's international airport was hit by drones from Iran, causing a large fire at its fuel tanks. The airport's spokesman, Abdullah al-Rajhi, confirmed that the attacks were 'brazen' and resulted in material damage but no human injuries.In Bahrain, a fire broke out at an undisclosed company facility due to Iranian aggression, with civil defence crews working to extinguish the blaze. The incident has heightened concerns about the stability of the region.The United Arab Emirates also reported a fatality, with shrapnel from a drone interception killing a Bangladeshi national on a farm in Fujairah city. Authorities are investigating the incident.These attacks are part of a broader conflict between Iran and a US-Israeli coalition. Iran has claimed to target US assets, but Gulf nations assert that Tehran's actions have targeted civilian infrastructure.The economic impact of the conflict is significant, with a UN report estimating that the Arab world's GDP could decline by 3.7 to 6 percent, equivalent to a contraction of $120bn to $194bn, after just one month of war.Diplomatic efforts to end the conflict have been complicated by contradictory statements from US President Donald Trump about the potential for a quick exit. Iran has dismissed a US ceasefire proposal as 'maximalist' and 'unreasonable', demanding compensation for damages and a permanent end to hostilities.
#iran #kuwait #bahrain
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Politics Apr 01, 2026

Russia Sends Oil to Cuba Amid Severe Energy Crisis

A Russian-flagged tanker carrying 730,000 barrels of oil has docked in Cuba, providing relief to th…
A Russian-flagged tanker, the Anatoly Kolodkin, has arrived in Cuba with a cargo of 730,000 barrels of oil, marking the first oil tanker to reach the island in three months. The vessel, under US sanctions, was permitted to deliver fuel for humanitarian reasons.The tanker docked in the Bay of Matanzas, Cuba's largest supertanker and fuel storage port, on Tuesday. Much of the nearby city and the majority of Cuba were without power when the tanker arrived. Cuba has been experiencing an energy crisis, with President Miguel Diaz-Canel stating that the country has not received an oil tanker in three months.The fuel shipment is expected to provide breathing room for Cuba's communist-run government amid growing pressure from the US. The crude on board will take days to process domestically and turn into motor fuel and refined products. The ship is carrying Russian Urals, a medium sour crude, suitable for Cuba's ageing refineries.Cuba produces only 40 percent of its required fuel and relies on imports to sustain its energy grid. Experts estimate that the anticipated shipment could produce about 180,000 barrels of diesel, enough to meet Cuba's daily demand for nine or 10 days.The arrival of the tanker has been welcomed by Cubans, including Energy and Mines Minister Vicente de la O Levy, who expressed gratitude to the Russian government and people for their support. The energy crisis in Cuba has led to long blackouts and severe shortages of food and medicine.
#Russia #Cuba #United States
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Us News Apr 01, 2026

Trump’s Call to Seize Iran’s Kharg Island Highlights Risks of ‘Fossil‑Fuel Imperialism’ and Potential Oil Price Surge

Donald Trump reiterated his long‑standing desire to capture Iran’s key oil export hub, Kharg Island…
Donald Trump announced over the weekend that he wants to "take the oil in Iran" by seizing control of Kharg Island, the strategic outpost through which roughly 90% of Iran’s oil exports flow. Experts say the remark underscores a blatant disregard for international law and exemplifies what they term “fossil‑fuel imperialism.” Patrick Bigger, co‑director of the Transition Security Project, described the approach as a "might‑makes‑right" logic that is both "abhorrent and spectacularly miscalculated." Trump is slated to give an update on the Iran‑U.S. conflict on Wednesday. He previously claimed the war could end within weeks, a statement that sent the stock market soaring on expectations of de‑escalation. Iran, however, has insisted it needs guarantees against future attacks before halting its counter‑offensive. The fighting continues, highlighted by an Iranian strike on a fully loaded crude tanker in Dubai and threats to "blow up and completely obliterate" Iran’s energy infrastructure if the Strait of Hormuz is not reopened promptly. Kharg Island, a five‑mile strip that handles the bulk of Iran’s oil shipments, along with its power plants and oil wells, has been singled out by Trump. He told the Financial Times that U.S. forces should take over the island and the oil stored there. "My favorite thing is to take the oil in Iran," Trump said, adding that critics in the United States are "stupid people." Amir Handjani, an energy lawyer at the Quincy Institute, warned that the statement "completely discredited" the war’s stated objectives and revealed a classic play for natural resources. Handjani noted that Trump’s desire to seize Iranian oil is not new; he voiced similar ambitions in a 1988 interview while promoting The Art of the Deal, saying he would "do a number on Kharg Island" if elected. The former president has also floated comparable ideas for Iraq, Syria and Venezuela, suggesting the United States could appropriate their oil to offset war costs or bolster strategic reserves. Handjani emphasized that international law provides no framework for waging war to capture sovereign nations' natural resources. From a military perspective, taking Kharg Island would be extremely challenging. Iranian missile defenses have rendered regional U.S. bases inoperable, meaning any assault would likely require a parachute insertion of Marines into heavy fire, with the risk of massive Iranian retaliation. Handjani warned that such retaliation could target oil export terminals across the Persian Gulf, potentially driving crude prices to $200‑$300 per barrel and destabilising the global economy. The conflict has already caused the largest-ever disruption to global energy supplies, killing thousands and sparking sharp fuel‑price shocks. While consumers bear the brunt, major fossil‑fuel companies are enjoying windfall profits. Bigger noted that higher oil prices benefit oil majors and are being used as a pretext to expand U.S. drilling, further entrenching reliance on carbon‑intensive fuels. According to Bigger, Trump’s rhetoric reveals a belief that "fossil fuels are a linchpin of his domestic industrial strategy," and that controlling oil equates to controlling global power. He argues that this mindset threatens the international order and hampers the transition to cleaner energy.
#oil #trump #iran
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