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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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Politics Apr 03, 2026

Iran Urges Tehran to Declare Victory as US Threatens Further Strikes and Gulf Targets Escalate

Former Iranian foreign minister Mohammad Javad Zarif calls for Tehran to proclaim victory and seek …
Former Iranian foreign minister Mohammad Javad Zarif urged Tehran to declare victory and pursue a diplomatic settlement after a rapid escalation of hostilities between Washington and Tehran. U.S. President Donald Trump warned that the U.S. military has not even started dismantling what remains of Iran’s infrastructure, a statement made in the wake of a strike that demolished the country’s largest bridge. In retaliation, Iran’s armed forces cautioned that they would destroy U.S. regional assets if the United States and Israel intensify their attacks, signaling a willingness to broaden the conflict. Tehran’s latest wave of strikes hit a desalination plant in Kuwait and the Habshan gas facility in the United Arab Emirates, extending the battlefield across the Gulf region. Analysts interpret Zarif’s call for a victory proclamation as a strategic pivot toward seeking a negotiated deal, even as military rhetoric on both sides remains fierce.
#Iran #United States #Mohammad Javad Zarif
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Politics Apr 03, 2026

Cuba Grants Amnesty to Over 2,000 Inmates as U.S. Pressure Peaks During Holy Week

Cuba announced a humanitarian pardon of 2,010 prisoners during Easter Holy Week, a move timed with …
Cuba’s government declared a humanitarian amnesty for 2,010 prisoners ahead of Easter’s Holy Week, a decision it says follows a careful review of each inmate’s conduct, health, and time served. The announcement, made by state media on Thursday, represents the second such amnesty this year and the fifth large‑scale pardon since 2011, bringing the total to more than 11,000 released individuals. While Havana officially denies acting under U.S. pressure, the timing aligns with what analysts describe as the most aggressive Washington campaign against the island in decades. The move comes a day after Cuba’s top diplomat in Washington invited the United States to assist in overhauling the island’s “crippled” economy, part of ongoing talks that have yet to produce concrete outcomes. U.S. officials, including President Trump’s administration, have repeatedly called for a change of government in the communist‑run state, with the president even musing about “taking” the island. Yet recent diplomatic exchanges suggest a nuanced shift: both sides have held talks, and scholars note that the amnesty could be a tangible sign of progress, however modest. University of Miami Cuban‑studies chair Michael Bustamante told AFP, “It seems not far‑fetched to think that this is a sign that some of the conversation between both governments is advancing… To where? Unclear.” He added that the political significance will depend on the profile of those released. The Cuban presidency did not disclose the names or crimes of the pardoned individuals, but indicated the group includes young people, women, and inmates over 60 who are slated for early release within the next six to twelve months. Foreign nationals and Cuban expatriates are also among those granted clemency. Importantly, the amnesty excludes anyone convicted of murder, sexual assault, drug‑related offenses, theft, illegal livestock slaughter, or crimes against state authority. Earlier in March, the government freed 51 prisoners as a “good‑will” gesture toward the Vatican, which often mediates between Washington and Havana. The current pardon is framed as part of the “humanitarian legacy of the Revolution” and is presented as customary practice during Holy Week. The release coincides with Russia’s announcement of a second oil tanker bound for Cuba, following a recent easing of the U.S. oil blockade that allowed the first shipment. Bustamante speculated that the timing may not be coincidental, suggesting a possible link between U.S. policy shifts and Cuba’s diplomatic overtures. U.S. Secretary of State Marco Rubio, a Cuban‑American critic of Havana, reiterated on Fox News that Cuba’s economic woes cannot be solved without political reform, warning that the island faces “a lot of trouble.”
#Cuba #United States #Amnesty
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Commentisfree Apr 03, 2026

Trump’s NATO Threats and Britain’s Bridge‑Building Failures Heighten US‑Europe Rift

Donald Trump’s recent attacks on European leaders, his rhetoric about leaving NATO, and the UK’s fa…
In a scene reminiscent of Henry James’s observation that the only certainty with a young American abroad is surprise, the current US president continues to bewilder European partners with erratic statements.President Trump has publicly ridiculed British Prime Minister Keir Starmer and the Royal Navy as feeble, mocked French President Emmanuel Macron over personal matters, urged allies to secure their own oil supplies, and declared that withdrawing the United States from NATO is "beyond reconsideration". These comments come as the conflict in Iran, ignited by Trump and Israeli Prime Minister Benjamin Netanyahu, drags on without a clear resolution, fueling his domestic political anxieties.European officials responded not with shock but with weary irritation, noting that Trump’s unpredictability is now a permanent feature of US policy, steering the continent away from the liberal international order. Analysts warn that NATO’s credibility is eroding, turning the alliance into a "paper tiger" even as Russian President Vladimir Putin watches closely.Britain, hoping to serve as a diplomatic conduit between Washington and Brussels, finds its position increasingly precarious. Post‑Brexit economic vulnerabilities and the looming state visit of King Charles to the United States offer little strategic gain and risk becoming a diplomatic embarrassment.Prime Minister Starmer has deliberately avoided direct confrontation with Trump, instead pledging to deepen the United Kingdom’s economic and security ties with the European Union. This shift aims to reassure Labour factions leaning toward the Liberal Democrats and Greens, while also hoping that shared security concerns will coax European capitals into offering more robust economic support.In a world where traditional alliances are fraying, European leaders face mounting pressure to forge genuine security cooperation rather than merely increasing defence spending. The consensus is clear: delay is no longer an option for Europe to secure its own future.
#europe #trump #not
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Politics Apr 03, 2026

Labour Challenges Nigel Farage Over Private Jet Trip Costs to Maldives

Labour has questioned Nigel Farage's claim that a private jet trip to the Maldives cost £25,000, ci…
Labour has challenged Nigel Farage over the cost of his private jet trip to the Maldives, questioning his claim that it cost as little as £25,000. Farage, the leader of Reform UK, initially recorded the two-day trip as costing £12,500, funded by Thailand-based Reform megadonor Christopher Harborne, before later upgrading the cost to £25,000. The Labour Party's chair, Anna Turley, wrote to Farage arguing that chartering a private jet of a similar size would cost many times more than the sum declared. According to publicly available flight logs, the 11,000-mile round trip lasted just over 23 hours, using a model of plane that is currently advertised on multiple private jet websites as costing at least $11,500 (£8,500) per hour to charter. Turley highlighted that the plane's ownership is linked to Harborne, who has given the party more than £12m. She asked Farage to clarify how he valued the cost of the flight, which did not end in him reaching the Chagos Islands, as he did not have permission. Farage has described the visit as a "humanitarian mission", saying he undertook the trip to highlight the plight of the Chagossians, whose families were removed from the islands in the 1960s and are seeking to return. The trip has sparked controversy over the valuation of the private jet donation and Farage's attempts to reach the Chagos Islands, which are subject to a UK government decision to hand sovereignty to Mauritius.
#Nigel Farage #Labour Party #Maldives
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Video Apr 03, 2026

U.S. State Department Declares Iran Is Continuously Pursuing a Nuclear Weapon

The U.S. State Department publicly stated that Iran is continuously working toward acquiring a nucl…
The U.S. State Department announced on April 2, 2026 that Iran is "continually" pursuing a nuclear weapon. The declaration reflects Washington’s assessment that Tehran’s nuclear program remains a persistent challenge to regional and global security. This assessment underscores the United States’ ongoing scrutiny of Iran’s nuclear activities and may shape future diplomatic initiatives, sanctions considerations, and coordination with international monitoring bodies. By reiterating the claim, the State Department signals that Iran’s nuclear ambitions continue to be a focal point of U.S. foreign‑policy strategy in the Middle East.
#state #department #claims
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News Apr 03, 2026

US Signals Diplomatic Openness Amid Escalating Trump Threats in Iran Conflict

The State Department reiterated that Washington remains willing to negotiate with Tehran even as Pr…
The United States has reaffirmed that it is still prepared to engage Tehran in diplomatic talks, despite the ongoing US‑Israel war against Iran and President Donald Trump’s renewed threats to target the country’s civilian infrastructure. State Department spokesperson Tommy Pigott told Al Jazeera that President Trump had pursued negotiations with Iran before the conflict erupted, but accused the Iranian regime of persisting in its quest for a nuclear weapon. "The president is always open to diplomacy, but he’s also clear that we will see our objectives fulfilled here," Pigott said, underscoring the administration’s dual track of diplomatic engagement and military pressure. In a primetime address aired on Wednesday, Trump echoed his earlier claims that the United States is winning the war, yet offered no concrete roadmap for ending the hostilities or reopening the Strait of Hormuz – a chokepoint whose closure by Tehran has driven global energy prices higher. The conflict began on February 28, shortly after a round of Geneva talks that Omani mediators and Iranian officials described as “positive.” Last year, Israel struck Iran’s three primary nuclear facilities in an operation the White House dubbed “Midnight Hammer.” Iran continues to deny any intention to develop a nuclear weapon, while Israel is widely believed to possess an undeclared nuclear arsenal. Former intelligence chief Tulsi Gabbard testified to Congress that Iran was not rebuilding enrichment capacity before the June 2025 attacks, and later reiterated that there have been no efforts to restore its nuclear program since the strikes. Nevertheless, Tehran insists on the right to enrich uranium domestically and has ruled out negotiations over its missile program and support for groups such as Hezbollah and Hamas. Pigott emphasized that the United States is maintaining high‑level diplomatic contacts across the region, stating, "We see diplomatic engagement at the highest levels of this administration, with our partners in the region, to pursue our interests and explore what can happen here." The spokesperson also accused Iran of targeting civilians and civilian infrastructure, describing the threat of a nuclear‑armed Tehran as "intolerable." In response, Iran has launched missile and drone attacks against U.S. and Israeli assets, as well as energy facilities, hotels, and airports throughout the Middle East. Trump later posted footage of a U.S. strike on a major Iranian bridge, warning that similar attacks could follow. He wrote on social media, "IT IS TIME FOR IRAN TO MAKE A DEAL BEFORE IT IS TOO LATE, and there is nothing left of what could become a great country." In the same speech, he threatened to destroy Iran’s power plants and, earlier in the week, suggested the United States could also target water desalination stations – actions that legal experts say would constitute collective punishment under international law. Barbara Slavin, a distinguished fellow at the Stimson Center, told Al Jazeera that Trump appears to be "scrambling" to intensify the war in hopes of forcing a resolution before the conflict turns into a definitive failure.
#iran #israel #diplomacy
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Gallery Apr 02, 2026

Iraq Secures Historic FIFA World Cup 2026 Spot Amidst Ongoing Conflict

Iraq's national football team has qualified for the FIFA World Cup for the first time in nearly 40 …
Iraq's national football team, known as the Lions of Mesopotamia, has made history by qualifying for the FIFA World Cup 2026 for the first time in nearly 40 years. Their 2-1 victory over Bolivia on Tuesday night secured their spot as the 48th and final team to qualify.The team's achievement is particularly significant given the current conflict in the region, with Iraq being drawn into the hostilities between the US, Israel, and Iran. Despite the challenges, including sporadic gunfire and economic difficulties, supporters flooded Baghdad's main shopping areas at dawn to celebrate their team's triumph.“This victory is incredibly precious to us, despite the war raging,” said Ahmed, a 22-year-old supporter, highlighting the unifying effect of the team's success across different sects in Iraq. The jubilant crowd brought traffic to a standstill, with thousands waving Iraqi flags and celebrating into the night.The Iraqi team's journey to the World Cup was not without its challenges, with some players forced to travel partially overland due to suspended air travel caused by the conflict. However, Ali al-Hamadi and Aymen Hussein each scored a goal in the memorable win, securing their place in World Cup Group I against France, Senegal, and Norway.In celebration of their victory, Iraqi leaders congratulated the team and promised financial bonuses for the win. A two-day holiday was also declared, with state television broadcasting nationwide celebrations.
#iraq #team #war
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Politics Apr 02, 2026

Iranian Mourners Defy US Threats at IRGC Commander’s Funeral on 47th Republic Anniversary

Thousands gathered in Tehran to mourn IRGC naval commander Alireza Tangsiri, killed in an Israeli s…
Thousands of Iranians assembled in Tehran for the funeral of senior IRGC naval commander Alireza Tangsiri, who was killed in an Israeli strike, vowing steadfast resistance even as the United States issued stark warnings.The ceremony took place on the 47th anniversary of the Islamic Republic, a milestone that marks the 1979 revolution that ended the centuries‑old monarchy.This year’s commemoration carries added weight as the capital endures relentless U.S.-Israeli bombardments that began on February 28."This war has lasted a month. No matter how long it takes, we will keep fighting," declared Moussa Nowruzi, a 57‑year‑old pensioner, adding, "We will resist until the end."Among the mourners, a young boy brandished a sign reading "Revenge", while massive Iranian flags fluttered as crowds filled Enghelab Square, the heart of the city named after the revolution.Chants of "God is greatest, Khamenei is the supreme leader" echoed through the square, and a man was seen sobbing in the arms of a woman dressed in black.Participants also honored relatives lost in the conflict, their faces displayed on placards, as Tangsiri’s coffin was carried slowly through the gathering.Tangsiri, one of the IRGC’s longest‑serving senior officers, was credited with orchestrating the closure of the Strait of Hormuz to vessels aligned with the United States and Israel during the ongoing war.Later that day, U.S. President Donald Trump addressed the nation on television, reiterating that the war was inevitable and that America intended to "finish the job" in Iran.Trump previously claimed that Iran’s president had sought a truce—a statement Tehran denied—and warned that bombardments would continue until the Hormuz waterway was "open, free, and clear."Funeral attendees dismissed the president’s threats. "We have heard Trump say things that even the American public finds confusing," said Homa Vosoogh, 36, adding, "His statements do not affect us."Government employee Mohammad Saleh Momeni echoed the sentiment, asserting that Trump "cannot translate his words into action" and reaffirming their loyalty to Iran’s leadership.While the United States and Israel initially framed their campaign as a push for regime change, Trump’s stance has since wavered.According to the report, air strikes have claimed the life of Supreme Leader Ayatollah Ali Khamenei, who led Iran for 36 years, yet the governing structure remains functional, retaining its missile and drone capabilities.Portraits of the late leader and his son Mojtaba Khamenei, who has yet to appear publicly, dominate public spaces throughout Tehran."They believe killing our commanders will weaken us, but it will not," Momeni asserted, describing the adversaries’ misconceptions.Despite a wave of anti‑government protests that peaked in January, a segment of the population continues to harbor hopes for political reform.
#Iranian Revolutionary Guard Corps #Alireza Tangsiri #Donald Trump
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