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World Economy Apr 17, 2026

Oil Prices Plummet 10% as Iran Opens Strait of Hormuz to Commercial Shipping

Oil and gas prices have fallen by nearly 10% after Iran announced that the Strait of Hormuz is open…
Oil and gas prices experienced a significant decline of almost 10% on Friday following Iran's announcement that the Strait of Hormuz is open to commercial shipping. This development could pave the way for tankers carrying millions of barrels of oil and gas to access the global market.Iran's foreign minister stated that vessels are free to transit the Strait of Hormuz during the 10-day ceasefire between Israel and Lebanon. Brent crude, the international benchmark, fell by 9% to $90 a barrel, while the benchmark European gas contract dropped by about 8.5% to €38.80 (£33.80) per megawatt hour.The US naval blockade on Iran's use of the strait remains in full force, according to Donald Trump, until a deal is reached with Tehran. Trump expressed optimism that the process will move quickly, as most points have already been negotiated.The crisis in the Strait of Hormuz has disrupted supplies of Middle Eastern crude and gas, as well as refined fuels from Gulf refineries, in what the International Energy Agency has described as the biggest energy supply crisis in history. Before the crisis, over 130 ships a day travelled through the strait, but this has reduced to a trickle under threats from Iran's Revolutionary Guards.There are currently around 800 tankers stuck in the Gulf, with about 300 being oil and gas tankers. It remains uncertain whether tankers will be required to pay a fee of about $2m (£1.5m) for safe passage through the strait.Analysts, such as Giovanni Staunovo from UBS, view Iran's comments as a sign of de-escalation, but emphasize the need to see a substantial increase in the number of tankers crossing the strait.
#iran #strait #gas
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World Apr 17, 2026

Lebanese Communities Celebrate the Start of Israel-Lebanon Ceasefire

Video footage shows spontaneous celebrations across Lebanon as a ceasefire with Israel takes effect…
Video released by regional media captures scenes of spontaneous jubilation across Lebanon as a ceasefire with Israel comes into force. Residents gathered in public squares, streets and coastal promenades, waving flags and expressing palpable relief after a period of heightened military alert.While detailed reports on the negotiations remain limited, the immediate public reaction underscores the deep desire for stability in a region long marked by intermittent hostilities. The footage, filmed in several Lebanese cities, shows crowds chanting, children playing, and local businesses reopening, signaling an early return to normalcy.Analysts note that the ceasefire, though fragile, offers a critical window for diplomatic engagement and humanitarian aid delivery to affected areas. The visible optimism among Lebanese citizens highlights the broader regional hope that de‑escalation can translate into lasting peace.
#lebanon #israel #ceasefire
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Politics Apr 17, 2026

US-Brokered Ceasefire Takes Effect in Lebanon Amid Escalating Israel-Hezbollah Conflict

A 10-day ceasefire in Lebanon, brokered by US President Donald Trump, has taken effect, aiming to h…
The conflict in Lebanon has seen a significant escalation in recent days, with Israel conducting devastating airstrikes aimed at wiping out the Iranian-backed Hezbollah militia. The violence has resulted in numerous casualties and widespread destruction. President Trump announced the 10-day ceasefire on Thursday, stating that it would take effect at midnight. He expressed hope that Hezbollah would act 'nicely and well' during this period, tweeting: 'I hope Hezbollah acts nicely and well during this important period of time. It will be a GREAT moment for them if they do. No more killing. Must finally have PEACE!' The ceasefire is seen as a crucial step towards de-escalating tensions in the region and potentially paving the way for a parallel peace agreement between the US and Iran. A meeting between Israeli and Lebanese leaders is scheduled to take place in Washington next Tuesday, marking the first Israeli-Lebanese summit in decades. The Israeli occupation is likely to be a key topic of discussion during the talks, with Trump indicating that he would visit Lebanon 'at the right time.' The US president has been involved in intense diplomatic efforts to broker a peace deal, with his administration urging other countries to join a 'trade over aid' push.
#Donald Trump #Israel #Hezbollah
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Politics Apr 17, 2026

Sectarian Opposition Halts Beirut Displacement Centre as Israel-Lebanon Conflict Deepens

A government‑planned displacement centre in Beirut’s Karantina district was scrapped after Christia…
Beirut, Lebanon – In late March, authorities abandoned a proposed shelter for war‑displaced residents in the Karantina neighbourhood after a wave of public protest.Opponents, including local politicians and community activists, cited practical concerns such as traffic congestion near the port and health risks. However, the core of the backlash was sectarian: many Christian residents invoked demographic fears, chanting slogans reminiscent of the 1975‑1990 Lebanese Civil War to block housing for the predominantly Shia‑Muslim displaced population.The controversy resurfaced painful memories of the 1976 Karantina massacre, when right‑wing Phalangist forces expelled and killed thousands of Muslims. Historian Diala Lteif, researching the district’s history, estimates the death toll at 1,000‑3,000. She warned that the current rhetoric mirrors the “foundational logic” of that tragedy – a drive to segregate neighbourhoods.Israel’s intensified campaign against Lebanon has already forced the displacement of approximately 1.2 million people. The war, reignited on March 2 after Hezbollah’s retaliatory rocket fire, has seen Israeli troops and air strikes devastate southern towns and parts of Beirut, heightening fears that hosting displaced families could draw further attacks.Amid these tensions, a 10‑day ceasefire is slated to begin, yet many Lebanese worry the violence could spiral into renewed communal conflict or even a civil war.Experts note that the association of displaced Shia communities with Hezbollah fuels anxiety. Lara Deeb, an anthropologist at Scripps College, explained that Lebanon’s sectarian political system blurs the line between a religious group and a political party, amplifying mistrust across the board.While the cancelled site remains unused, another displacement centre operated by the Lebanese charity Offre Joie continues to function in Karantina. It currently shelters about 1,000 displaced families from the south, the Bekaa Valley, and Beirut’s southern suburbs.Volunteer Marie Daou described the centre’s conditions as comparatively decent, with reliable hot water and regular meals. Security forces monitor the residents’ identities, and no occupants have left despite more than 40 days of conflict.One resident, 30‑year‑old Nadine, fled her home in Burj al‑Barajneh on March 2. She now lives with five siblings at the centre, saying, “For now, we’re staying here. You can’t go back because there is danger, but nowhere is safe. We will endure.”The episode highlights how historic sectarian wounds intersect with today’s geopolitical crisis, shaping public policy and community responses in a Lebanon already strained by war and displacement.
#Beirut #Karantina #Israel-Lebanon conflict
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News Apr 17, 2026

Senate Blocks Israel Bulldozer Sale, Highlighting Growing Rift in U.S. Support

A Senate vote defeated a proposal to halt the sale of military bulldozers to Israel, with 40 Democr…
A Senate vote on Wednesday failed to block a proposed sale of military bulldozers to Israel, with the measure losing 40‑59. Only seven Democrats crossed party lines to side with the Republican majority, underscoring a notable, though limited, shift in congressional sentiment.Progressive Senator Bernie Sanders introduced the bill amid mounting outrage over Israel’s use of bulldozers to raze villages in Gaza and Lebanon—actions described by rights groups as ethnic cleansing. While the resolution did not pass, 36 Democratic senators also backed a separate effort to stop 1,000‑lb bombs from reaching Israel, more than double the support such measures received last year.Advocacy organizations seized on the vote as a historic moment. Hassan el‑Tayyab of the Friends Committee on National Legislation said the tally shows a majority of Senate Democrats now oppose unconditional aid, aligning with broader American opinion. A recent Pew Research Center poll found 60 % of U.S. adults hold unfavorable views of Israel, with even higher negativity among voters under 50.Republican senators remained uniformly opposed. Senator Rick Scott accused the Democratic supporters of siding with terrorism, arguing that the blocked sales would have helped allies confront threats. The partisan divide highlights the political risk for Republicans who break with former President Donald Trump on Israel policy.Prominent lobbying groups also weighed in. The pro‑Israel lobby AIPAC warned that curbing arms sales would jeopardize Israel’s security, while liberal Zionist organization J Street welcomed the growing willingness to question unconditional assistance. Jewish Voice for Peace’s political director Beth Miller called the vote an "inflection point," suggesting it reveals "massive cracks" in the long‑standing U.S.–Israel alliance.Within the Democratic caucus, Senate Majority Leader Chuck Schumer faced criticism for voting against the resolution, prompting calls from progressive lawmakers like Rep. Ro Khanna for his resignation. Demonstrators outside Schumer’s and Sen. Kirsten Gillibrand’s offices demanded they support the bill, reflecting intensified grassroots pressure.The episode signals a potential realignment in U.S. foreign‑policy calculations. As public fatigue with the Gaza war, the Lebanon conflict, and the stalled Iran confrontation grows, lawmakers appear increasingly wary of using American tax dollars to fund overseas military operations that could entangle U.S. troops and erode domestic support.
#israel #vote #wednesday
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News Apr 17, 2026

Lebanese Displaced Persons Cautious as Israel-Hezbollah Ceasefire Takes Effect

A 10-day ceasefire between Israel and Hezbollah has begun, but displaced Lebanese people are wary o…
As a 10-day ceasefire between Israel and Hezbollah took effect, displaced Lebanese people expressed skepticism about returning home. The agreement's terms are still unclear, and many doubt Israel's commitment to upholding the ceasefire.Abu Haidar, who has been displaced for six weeks, planned to return to his village, Kherbet Selem, near the border. However, he acknowledged the challenges, including a bombed bridge, and decided to leave before the midnight deadline.Others, like Fadal Alawi and Haytham Dandash, whose homes were destroyed, were more cautious. They chose to stay in Beirut until a longer-term agreement is in place, citing concerns over Israel's history of violating agreements.The Israeli military's recent intensification of attacks in southern Lebanon added to the uncertainty. Hezbollah and its ally, Nabih Berri, urged supporters not to return home until the situation clarifies.The unclear terms of the agreement and Israel's Prime Minister Benjamin Netanyahu's statement that troops would not withdraw from southern Lebanon during the ceasefire contributed to the skepticism. Hezbollah responded by asserting its right to resist if Israel continues to occupy Lebanese territory.In the meantime, displaced people like Dandash and his wife, Ruwayda Zaiter, faced desperate living conditions, with limited aid and no support from the state or political parties.
#lebanon #israel #hezbollah
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Video Apr 17, 2026

Assessing the Durability of Lebanon's Recent Ceasefire Amid Ongoing Tensions

Al Jazeera examines the newly announced ceasefire in Lebanon, questioning its stability and potenti…
Al Jazeera explores the prospects of the newly declared ceasefire in Lebanon, probing whether it can sustain peace amid lingering hostilities. Key questions focus on the truce's durability, the role of regional actors, and the risk of renewed violence. The analysis underscores the fragile nature of the agreement and its significance for broader Middle‑East stability.
#ceasefire #lebanon #hold
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Video Apr 16, 2026

Israeli Airstrike Destroys Lebanon's Final Operational Litani River Bridge

An Israeli strike has demolished the last functional bridge spanning Lebanon's Litani River, raisin…
Israeli forces carried out an airstrike that completely demolished the only remaining operational bridge over Lebanon's Litani River, according to Al Jazeera on April 16, 2026. The bridge had been a critical crossing point for civilian traffic and aid deliveries in the southern part of the country. The loss of this infrastructure is expected to disrupt transport routes and could further strain the already fragile humanitarian situation in the region, as alternative crossings are limited or damaged. While details about the specific target and casualties were not provided, the incident underscores the escalating tension between Israel and Lebanon and highlights the broader impact of the conflict on civilian infrastructure.
#israeli #strike #destroys
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Politics Apr 16, 2026

Israel-Lebanon Talks: A Path to Ceasefire?

US President Donald Trump announced that Israeli and Lebanese leaders will speak for the first time…
The United States is pushing for de-escalation in the region, with President Donald Trump announcing that Israeli and Lebanese leaders will speak for the first time in 34 years. This development has raised cautious hopes for a diplomatic solution to the fighting that has continued for more than six weeks.The conflict has resulted in over 2,000 people killed and more than 1 million displaced across Lebanon. Israel's military operations in Lebanon and its invasion of the country's south have intensified, with Hezbollah entering the war by launching rockets, missiles, and drones towards a missile defense site near Haifa in northern Israel.Iran's speaker of parliament, Mohammad Bagher Ghalibaf, told his Lebanese counterpart, Nabih Berri, in a phone conversation that a ceasefire in Lebanon is vital. Ghalibaf led the Iranian delegation at the first round of US-Iran talks in Pakistan last week, which ended without a deal.The prospective talks between Israel and Lebanon follow a rare direct engagement between the two countries' US ambassadors in Washington on Tuesday – also their first such direct contact in decades. However, with both sides maintaining starkly different objectives, and the Lebanon front closely tied to broader negotiations involving Iran, it remains unclear whether the talks can produce tangible results.Analysts say that even if a phone call were to take place between Israel's Netanyahu and his Lebanese counterpart, it would be “mostly symbolic rather than substantive”. Lebanon wants a ceasefire as a priority to enter into negotiations whose aim would be to liberate lands currently occupied by Israel.A key demand from Iran in its dialogue with the US is that Israel end its offensive against Hezbollah in Lebanon. Hezbollah is Tehran's most powerful regional ally and a central part of the “axis of resistance”, a network of armed groups across the Middle East aligned with Iran against Israel.
#Donald Trump #Israel #Lebanon
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