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Economy Mar 30, 2026

China's Teapot Refineries Strained by Surging Crude Prices Amid Global Energy Crisis

China's 'teapot' oil refineries in Shandong province are struggling due to surging crude prices ami…
China's economy is heavily reliant on oil refining, particularly in Shandong province, where independent 'teapot' refineries play a crucial role. These small refineries, often operating on thin margins, have been vital in keeping China's economy stable amidst the global energy crisis. The crisis began with US-Israel strikes on Iran, causing chaos in the Middle East and prompting Tehran to effectively close the Strait of Hormuz, a vital waterway for oil and gas flows. However, Iranian oil has continued to flow to China, with imports reaching about 1.6 million barrels per day. China's teapot refineries are now facing significant challenges due to rising crude prices. Iranian light crude, which was previously $11 cheaper than Brent crude, now has a discount as low as $2 per barrel. This has reduced the refineries' profits, with some workers fearing salary cuts. The impact is being felt across the industry, with Luqing Petrochemical, one of Shandong's prominent teapots, allegedly sanctioned by the US for buying Iranian oil. The company has started pressuring employees to quit by cutting salaries and relocating them to difficult work sites. The economic shock is also affecting ordinary people in China, with the government intervening in the retail fuel market to reduce a planned increase in petrol and diesel prices. However, if prices continue to rise, some teapot refineries may go bust. The long-term threat to the industry is not just the war but also the rise of electric vehicles, according to Uncle Wang, a petrol station owner in Weifang. As China transitions to cleaner energy sources, the demand for oil is expected to decline, posing a significant challenge to the teapot refineries and the thousands of people they employ.
#China #Shandong #Iranian crude
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Us News Mar 30, 2026

Trump Threatens to Destroy Iran's Energy Grid if Peace Deal Not Reached

Donald Trump has threatened to destroy Iran's power stations and fresh water plants if Tehran does …
Donald Trump has issued a stark warning to Iran, threatening to "obliterate" its power stations and fresh water plants if a peace deal is not reached soon. This comes as the US and Israel's joint war against Iran enters its second month, with Tehran remaining defiant in the face of US peace proposals.The conflict has already had significant repercussions, including a record monthly rise in oil prices and concerns over a potential US ground operation to seize Kharg Island. Trump's threat to destroy civilian infrastructure, such as power and water facilities, has been condemned by human rights groups as a potential war crime.The White House has also suggested that Arab countries may be asked to help foot the bill for the war, adding a new dimension to the conflict. "It's an idea that I know that he has," said White House press secretary Karoline Leavitt.International pressure is mounting, with Spain closing its airspace to US planes involved in the conflict and the UK's prime minister reiterating that "this is not our war and we are not going to get dragged into it". Egypt's president, Abdel Fattah al-Sisi, has called on Trump to end the war, warning that "no one will be able to stop the war in our region".The conflict threatens to plunge the global economy into recession and trigger shortages of food and pharmaceuticals. The International Monetary Fund has warned that "all roads lead to higher prices and slower growth worldwide" if the conflict continues.
#war #trump #iran
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World Economy Mar 30, 2026

Severe Thunderstorms Bring Heavy Rainfall to UAE and Saudi Arabia

Severe thunderstorms have brought heavy rainfall to the UAE and Saudi Arabia, causing widespread fl…
A powerful and unusual weather pattern has unleashed severe thunderstorms across parts of the Middle East, battering countries including the United Arab Emirates and Saudi Arabia. The Arabian peninsula, typically dominated by arid desert climates, received up to 150mm of rain in just a few days.The deluge was caused by an abnormally strong jet stream, which helped a deep area of low pressure to develop north of Saudi Arabia. This, in turn, drew moist tropical air from the Indian Ocean and triggered intense storms.In Oman, hailstones as large as tennis balls fell during Wednesday evening's storms, alongside torrential rain. Doha, Qatar's capital, experienced flooding the same day.Further thunderstorms developed on Thursday evening, with a more organised line crossing the UAE and hitting densely populated areas such as Dubai and Abu Dhabi. Gusts of up to 80mph, large hail and intense lightning were reported, as heavy rainfall caused widespread flooding.A weather station on Jebel Yanas in northern UAE recorded 244mm of rainfall, with many others exceeding 100mm in just a few days, far surpassing typical annual totals of 60-100mm. The event reflects a broader global trend of storms bringing more intense rainfall as the climate warms.Attention is shifting to the Mediterranean, where a developing low-pressure system south-east of Italy is expected to bring heavy rain and thunderstorms to Greece, Turkey and other countries in south-east Europe this week.
#thunderstorms #flooding #rainfall
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Politics Mar 30, 2026

Qatari TV Station Targeted in Iranian Cyberattack

A Qatari TV station has been hit by a cyberattack, with Iran reportedly being the source of the att…
A Qatari TV station was recently targeted in a cyberattack that has been linked to Iran. The incident highlights the growing threat of cyber warfare in the region.The attack on the TV station is a significant development in the ongoing tensions between Qatar and Iran. While details of the attack are still emerging, it is clear that cybersecurity is a major concern for countries in the region.
#Qatar #Iran #Al Jazeera
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Gallery Mar 30, 2026

Lebanese Catholics Mark Palm Sunday Amid Rising Israel-Hezbollah Tensions

Lebanese Christians celebrate Palm Sunday as Israel-Hezbollah conflict escalates, casting a shadow …
On Palm Sunday, Christians in Lebanon gathered in churches to commemorate Jesus's triumphal entry into Jerusalem, but the celebrations were overshadowed by the escalating conflict between Israel and Hezbollah. The Maronite Catholic church near Dahiyeh in Beirut's southern suburbs was filled to capacity, despite being close to a largely deserted district due to Israeli evacuation orders and ongoing air strikes.In the coastal city of Tyre, church bells tolled and choral music filled the air as residents sought solace in preserving their sacred traditions amid the devastation. Worshippers prayed earnestly for peace, aware of Lebanon's history of sectarian tensions rooted in the 1975-1990 civil war between Christians and Muslims.Mahia Jamus, a 20-year-old university student in Beirut, expressed concern that no one is safe from the conflict's effects. "There's no bombing here right now, but no one is safe from this—not the Christians, not anyone," she said. "No one is spared from its effects."In Tyre, Roseth Katra, 41, emphasized the importance of preserving traditions despite the surrounding devastation. "Amid the wars, the tragedies, and the destruction happening around us, we remain on our land," she said. "Today is Palm Sunday, and we are celebrating."The conflict has resulted in at least 1,238 people killed and over 3,500 wounded in Israeli attacks since March 2, according to Lebanon's Ministry of Health. Israeli troops have launched a ground invasion advancing towards the Litani River, while Hezbollah has claimed dozens of operations against Israeli forces.
#lebanon #israel #hezbollah
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Politics Mar 30, 2026

US Troop Deployment to Iran Requires Congressional Approval, Says Rep. Mace

US Representative Nancy Mace, a Republican, has stated that Congress must approve any deployment of…
US Representative Nancy Mace, a Republican, has emphasized that Congress should have a say in any decisions to deploy troops to Iran. Her comments come amid concerns over the administration's plans and reports that the Pentagon is preparing for limited ground operations in Iran. Mace's stance underscores division within President Donald Trump's political party on the issue of military action in Iran. She expressed her concerns during an interview on CNN, stating, 'If we're going to do a conventional ground operation with Marines and 82nd Airborne that is a ground war that I believe Congress should have a say and we should be briefed.' The Washington Post reported that the Pentagon is preparing for limited ground operations in Iran, including raids on Kharg Island and sites near the Strait of Hormuz. Mace added, 'We don't want troops on the ground. I think that's a line for a lot of people. If we're going to do that, then come to Congress and get the proper authorities to do so.' President Trump has not publicly supported deploying US troops to Iran but has maintained that all options remain on the table. His endgame and final timeline for the conflict have remained unclear. Military analysts and Trump's own director of national intelligence have noted that while Iran's military capabilities have been diminished, the country still maintains the ability to inflict damage on the region and potentially rebuild. Inter-party divisions are evident, with some Republican lawmakers expressing concerns about the potential consequences of a ground invasion. Former member of Congress and Trump ally Matt Gaetz directly decried any possible ground invasion, stating, 'A ground invasion of Iran will make our country poorer and less safe.' The US has increased its military presence in the region, with about 3,500 additional soldiers arriving in the Middle East on board the USS Tripoli on Saturday. The Wall Street Journal reported that Trump was weighing sending an additional 10,000 troops to the region, where about 40,000 US troops are typically stationed.
#Nancy Mace #Donald Trump #U.S. Congress
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Video Mar 28, 2026

Drone Footage Exposes Extent of Iranian Missile Devastation in Israel's Arad

A drone has captured the aftermath of an Iranian missile attack on the Israeli city of Arad, reveal…
A recent drone operation has provided a comprehensive view of the destruction caused by an Iranian missile strike in the Israeli city of Arad. The aerial footage showcases the extent of the damage inflicted upon the city, highlighting the severity of the attack.The drone's revelations come as a significant development in understanding the impact of Iranian missile strikes on Israeli territories. The city of Arad, located in the southern part of Israel, has been a focal point of recent tensions between Iran and Israel.The use of drone technology to assess and document damage is a critical tool in modern conflict zones, allowing for precise evaluations of the aftermath of such attacks. This footage serves as a testament to the evolving nature of modern warfare and the increasing reliance on advanced technology for both offensive and defensive operations.
#drone #reveals #extent
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World Economy Mar 28, 2026

UK's Electric Vehicle Fleet: A Potential Solution to Fuel Reserve Worries

The UK's adoption of electric vehicles could significantly reduce its petrol and diesel consumption…
The ongoing Iran war has led to a surge in petrol and diesel prices, sparking concerns about fuel rationing across Europe and calls for Britain to increase North Sea oil and gas production. However, experts suggest that a more effective solution lies in promoting electric vehicles (EVs). According to analysis by Mandala Partners, if the UK had the same proportion of electric cars as Norway, its fuel reserve could increase by seven days. Currently, the UK has about three weeks' worth of car fuel in reserve. Norway leads the world with nearly 32% of its cars being fully electric, compared to 5.4% in the UK. Even with the existing number of electric and hybrid cars on British roads, they are already saving about two days' worth of fuel. This is particularly significant given that Shell's chief executive, Wael Sawan, has warned that Europe could face fuel shortages as early as April if the Strait of Hormuz remains closed. The potential impact of EVs goes beyond just reducing petrol and diesel consumption. Every electric car charged from the grid rather than the pump extends the country's fuel reserves. Moreover, with the right technology, EVs could become an active buffer against future energy shocks by storing and resharing energy. Vehicle-to-grid technology, which allows EVs to send energy back into the power grid, could make a significant difference in an energy supply crisis. An electric car usually holds about 40 kilowatt-hours of power, enough for an average UK home for several days. This technology could enable millions of car batteries to supply power to the grid when demand spikes. Despite these benefits, the adoption of EVs and vehicle-to-grid technology faces challenges. Tax policy is a significant barrier, as EV owners pay tax on electricity when filling their car battery and again when selling it back to the grid. Additionally, the hardware for two-way charging is not yet widely available, although many electric cars are already capable of it. The energy regulator Ofgem has suggested that if half of the expected 11m EVs on UK roads by 2030 were capable of two-way charging, they could send 16 gigawatts of power back to the grid each day, almost half the output of Britain's gas-power station fleet.
#electric #britain #car
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World Mar 28, 2026

Israel Kills Three Journalists in Lebanon, Sparking Outrage and Condemnation

The Israeli military has killed three journalists in southern Lebanon, prompting widespread condemn…
In a devastating incident, three journalists were killed in southern Lebanon on Saturday, prompting outrage and condemnation from the Lebanese government and the international community. The victims, identified as Ali Shoeib from Hezbollah-owned al-Manar television station, and Fatima Ftouni and her brother Mohammed Ftouni from pro-Hezbollah outlet al-Mayadeen, were struck by an Israeli missile while driving in Jezzine, a district in south Lebanon far from the frontlines.The Israeli military claimed that the target was Shoeib, whom it accused of being a Hezbollah 'terrorist' in an intelligence unit who had reported on the locations of Israeli soldiers in southern Lebanon. However, international law clearly states that journalists are considered civilians and targeting them is a war crime, regardless of their political affiliation.The Lebanese government has strongly condemned the killings, with Lebanon's president, Joseph Aoun, describing the journalists as 'civilians doing their professional duty'. The minister of information, Paul Morcos, stated that the killing of the three journalists 'constitutes a deliberate and blatant war crime against the media and the mission of journalism'. The Lebanese government has compiled a list of Israeli attacks against healthcare workers and media personnel, which it will submit to the UN and the EU.This incident is part of a larger pattern of violence against journalists in the region. Israel has killed more than 220 journalists since 2023, according to Reporters Without Borders. The fighting in Lebanon started when Hezbollah launched missiles at Israel on 2 March, triggering an Israeli aerial campaign and invasion. The conflict has resulted in 1,189 deaths and 3,427 injuries in Lebanon, including 48 healthcare workers, according to the Lebanese ministry of health.
#lebanon #israel #hezbollah
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