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World Economy Apr 11, 2026

Oil Prices May Take Months to Normalize Despite US-Iran Ceasefire

Despite a ceasefire between the US, Israel, and Iran, oil and gas prices are expected to take month…
The recent ceasefire between the United States, Israel, and Iran has brought a fragile calm to the region, but experts warn that energy prices may take months to normalize. The conflict had a significant impact on global oil and gas supplies, particularly through the Strait of Hormuz, a critical waterway through which 20% of the world's oil and gas exports pass.Iran's response to US-Israeli attacks included choking off the Strait of Hormuz and attacking energy infrastructure in several Gulf countries. This led to soaring prices for energy and byproducts like helium, as well as fertilizers that rely on these inputs, affecting sowing seasons and consumers worldwide, especially in developing countries.Experts stress that a predictable and stable flow of cargo through the strait is needed before markets can stabilize. Currently, only a trickle of vessels are passing through, with five vessels crossing on Wednesday and seven on Thursday, down from 120-140 ships per day before the conflict.Rockford Weitz, a professor at The Fletcher School at Tufts University, described the situation as 'the biggest disruption in the history of global oil markets.' He emphasized that normalization will take time and requires collaboration among global powers and regional players.Additionally, concerns remain about Iran charging toll fees and skyrocketing insurance fees, which could keep oil prices high. However, experts agree that these fees are not the primary cost drivers.The International Monetary Fund (IMF) has warned of a looming inflation crisis and plans to downgrade its forecast for the world economy. Kristalina Georgieva, IMF managing director, stated that growth will be slower, even if the new peace is durable.For now, oil prices are expected to remain higher than pre-war levels due to the overhang of greater risk premium of supplies out of the Gulf. The situation remains uncertain, with experts closely watching for any side deals, such as a potential agreement between Iraq and Iran, which could impact oil production and prices.
#oil #prices #iran
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Environment Apr 11, 2026

Hawaii's Kilauea Volcano Erupts in Spectacular Lava Display

The Kilauea volcano in Hawaii has erupted, producing a spectacular display of lava shooting high in…
The Kilauea volcano, located in Hawaii, has erupted in a dramatic display of natural power. The eruption occurred on April 10, 2026, and has been characterized by lava blasting high into the sky.The Kilauea volcano is one of the most active volcanoes in the world and has been erupting intermittently since 1983. This latest eruption is a significant event for the region, with potential impacts on local communities and the environment.The Hawaiian Volcano Observatory has been monitoring the volcano's activity and has reported high levels of volcanic gas and ash in the atmosphere. The observatory is closely watching the situation and providing updates as more information becomes available.
#Kilauea #Hawaii Volcano Observatory #USGS
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Sports Apr 10, 2026

Australia Pressed to Step In as Emergency Host for 2027 Asian Cup Amid Saudi Arabia Conflict

With the Middle‑East war jeopardising the 2027 Asian Cup in Saudi Arabia, Australian officials and …
Amid escalating tensions in the Middle East, the Asian Football Confederation (AFC) has postponed the draw for the 2027 men’s Asian Cup, originally scheduled for Riyadh, and is exploring contingency plans. Australia has been urged to submit an emergency hosting bid to ensure the tournament proceeds as planned.The competition, set to kick off on 7 January 2027 and run for four weeks, will feature 24 national teams, including the Socceroos, across venues in Riyadh, Jeddah and Khobar. With the draw delayed and the Saudi venue’s security under question, AFC officials are weighing alternative locations.Former Australian international Craig Foster argues that the nation is uniquely positioned to step in on short notice. He highlights the success of the 2015 men’s Asian Cup and the recent Women’s Asian Cup hosted in Australia, noting that the country demonstrated both logistical capability and fan engagement.“Hosting the tournament would be a vital diplomatic gesture at a time when Australia’s reputation in the Middle East has suffered,” Foster said, adding that the event could deliver a significant economic uplift for the hospitality industry as teams and supporters flock to Australian cities.Data from the 2015 edition show that 15,000 overseas visitors generated more than half of the tournament’s $81 million direct spend. By contrast, the federal and state contributions to the women’s Asian Cup exceeded $20 million, underscoring the financial stakes involved.The Australian government has indicated willingness to collaborate with Football Australia, stating that any investment in international sport would be considered through regular budget processes. Foster has called on sport minister Anika Wells to endorse an emergency hosting proposal.Football Australia emphasizes that AFC tournaments have become “some of the most significant events in the global football calendar,” delivering “substantial economic, diplomatic, social, and health value for Australia.” Continued support from all government levels, they argue, is essential to maintain the country’s status as a premier host nation.Saudi Arabia, which secured hosting rights in 2023 and will later stage the 2034 FIFA World Cup, now faces uncertainty as its venues sit within striking distance of ongoing regional hostilities, including recent Iranian counter‑attacks near the under‑construction Aramco Stadium in Khobar.
#australia #asian #cup
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Music Apr 10, 2026

Tori Amos Delivers Dramatic Deep Dive into Her Back Catalogue

Tori Amos performs a dramatic deep dive into her back catalogue, showcasing her complex and weighty…
Tori Amos has taken to the stage, delivering a dramatic deep dive into her vast and sprawling back catalogue. Her 18th studio album, In Times of Dragons, and first tour in three years have generated significant excitement among fans. The allegorical tales that make up her forthcoming record – a metaphorical story about the fight for democracy over tyranny – are evident in her live performances.The concert featured a range of tracks from Amos's extensive discography, including the delicate deep cut Ruby Through the Looking-Glass and the atmospheric, slow-burn jazzy grooves of Little Amsterdam. The love in the room for Amos is palpable, with her songs, voice, and masterful piano playing bringing out an almost devotional following.Amos's musicianship was on full display, accompanied by a drummer, bass player, and three backing singers, whom she refers to as 'angels.' While their presence occasionally detracted from the raw intimacy expected from Amos, it mostly elevated the performance to new levels. Tracks such as Pandora's Aquarium and Witness were lifted to stirring new heights by the vocal back and forth.The setlist may not have been hit-stuffed, but Crucify was a beautiful closer, delivered in a way that felt both tight and loose, detailed yet expansive, tender and rousing. The encore of early career favourite Cornflake Girl had the whole venue on its feet and in dizzy awe. As Amos navigates the brutal state of the world, she has an audience that will gladly follow her deep into the heart of any dragon's den.
#amos #her #tori
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World Economy Apr 10, 2026

US Trump-era cuts trigger record 23% plunge in OECD development aid for 2025

Preliminary OECD data shows a historic 23% drop in global development assistance for 2025, driven l…
OECD preliminary figures reveal a 23% decline in international development assistance between 2024 and 2025, the steepest annual fall recorded since the organization began tracking aid.The United States was the primary catalyst, with its official development assistance slashing nearly 57% in 2025, a reduction that accounts for roughly three‑quarters of the overall drop.Total aid from the 34 DAC members fell from $214.6 billion to $174.3 billion. American contributions shrank from about $63 billion in 2024 to just under $29 billion the following year, according to the OECD.Other major donors—including Germany, the United Kingdom, Japan and France—also trimmed their budgets, and only eight DAC countries managed to meet or exceed their 2024 levels.The cuts arrive at a time of heightened global economic and food‑security uncertainty, exacerbated by the ongoing US‑Israeli conflict with Iran.OECD official Carsten Staur described the plunge as “deeply concerning,” urging donors to reverse the trend as humanitarian needs surge. Oxfam’s Development Finance Lead Didier Jacobs warned that wealthy governments are “turning their backs on millions of lives in the Global South” by cutting life‑saving aid while funding conflict.Academic research links the U.S. reductions to a rise in armed conflict across Africa, with the Center for Global Development estimating that the cuts could have caused between 500,000 and 1,000,000 excess deaths in 2025. A Lancet analysis warns that continuing the downward trajectory may result in **over 9.4 million additional deaths by 2030**.Under President Trump, the United States has dismantled the U.S. Agency for International Development (USAID) and pursued a handful of bilateral agreements with African nations that tie aid to mineral access and health data. Simultaneously, the administration is seeking a historic $1.5 trillion military budget for FY2027** and between **$80 billion and $200 billion** for the Iran‑Israel war effort.Analysts and NGOs are calling on DAC members to restore aid levels and reinforce the global humanitarian system, which they say faces its most serious crisis in decades.
#oecd #usaid #germany
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Politics Apr 09, 2026

Sudan’s humanitarian crisis hits catastrophic levels, NGO warns disabled face heightened danger

Humanity & Inclusion says the war in Sudan has pushed the humanitarian situation to catastrophic le…
The conflict that erupted in April 2023 between Sudan’s army and the Rapid Support Forces has driven the country’s humanitarian situation to catastrophic levels, according to the international non‑governmental organisation Humanity & Inclusion.Three years on, the NGO warns that civilians are enduring a deepening crisis, while people with disabilities are confronting extreme challenges as violence continues, essential services crumble, and unexploded ordnance spreads across former battle zones.Humanity & Inclusion estimates that 11.6 million Sudanese have been displaced by the fighting, and that **more than 33 million people now require humanitarian assistance**—roughly half the nation’s population. By the end of January 2026, over **3 million displaced individuals had begun returning home**, including **700,000 who had fled abroad**. Most of these returns have been to states where hostilities have eased, such as Khartoum, the Blue Nile and Gezira regions.The organisation highlights that **4.6 million Sudanese—about 16 % of the total population—live with disabilities**. In conflict‑affected areas this proportion is likely higher due to war‑related injuries, trauma, and deteriorating health conditions. The NGO stresses that disabled persons “face extreme challenges in fleeing violence, accessing aid, and protecting themselves from harm,” and are often among “the first to be left behind,” exposing them to heightened risks of violence, abuse, discrimination and exclusion.Adding to the peril, Humanity & Inclusion points to the lingering presence of **explosive remnants of war**, describing them as a “new and deadly danger” for millions returning to their homes. Unexploded ordnance—including antipersonnel mines—has contaminated former front lines, residential areas, schools, hospitals, places of worship and roadways, severely restricting access to essential services and livelihoods.These findings underscore the urgent need for intensified humanitarian response, targeted protection measures for people with disabilities, and comprehensive clearance of explosive hazards to prevent further civilian casualties and enable the safe return of displaced populations.
#Sudan #United Nations #UNHCR
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World Economy Apr 09, 2026

IMF Chief Predicts Permanent Global Growth Hit from Iran War Even If Ceasefire Holds

Kristalina Georgieva warned that the six‑week‑old Iran conflict will inflict lasting damage on the …
In a stark address delivered as the cease‑fire in the Iran conflict teetered, IMF Managing Director Kristalina Georgieva warned that the war will leave a permanent scar on the global economy, slowing growth beyond the IMF’s original projections for 2026. Georgieva noted that, had the hostilities not erupted six weeks ago, the Fund would have been poised to raise its 2026 growth outlook. Instead, even the most optimistic scenario now entails a downgrade, and a swift return to pre‑war conditions appears unlikely. The uncertainty surrounding the cease‑fire—exacerbated by divergent positions of Washington and Tehran—has already pushed oil prices higher, reflecting fears of continued disruptions to shipments through the Strait of Hormuz, a vital conduit for world energy supplies. According to the IMF’s upcoming World Economic Outlook, the conflict’s “scarring effects” will translate into lower living standards worldwide. The Fund had previously forecast global growth of 3.1% in 2026, a modest slowdown from 3.2% in 2025, buoyed by a tech‑driven investment surge. Georgieva emphasized that the war arrived when the economy was riding “considerable momentum” from technology investment and supportive financial markets. She outlined the mechanisms of damage: damaged infrastructure, supply‑chain interruptions, eroded confidence, and prolonged uncertainty over oil and gas production in the region. These factors will depress growth regardless of whether a peace agreement is ultimately reached. Georgieva highlighted that the most vulnerable will be net oil‑importing nations, poorer economies and small island states, which stand to feel the brunt of higher energy costs and reduced trade flows. She urged governments to avoid unilateral measures such as export bans or price controls, warning that such actions could "pour gasoline on the fire" and further destabilise markets. With many countries already carrying elevated debt levels and higher borrowing costs, the IMF chief called for targeted, temporary assistance to protect the most at‑risk households. She cautioned against broad tax cuts or blanket energy subsidies, which could stoke inflation and strain fragile public finances. Central banks, she added, should keep policy rates steady while remaining ready to act against inflationary pressures. Bank of England Governor Andrew Bailey, who also chairs the Financial Stability Board, echoed the IMF’s concerns, describing the conflict as a "very big shock" that has heightened market volatility. He stressed that the situation remains fluid and that policymakers must stay vigilant. Overall, the IMF’s message is clear: the Iran war will reshape the global growth trajectory for the foreseeable future, and coordinated, prudent policy responses are essential to mitigate its lasting impact.
#global #war #growth
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Australia News Apr 09, 2026

Little Corellas Wreak Havoc on Kangaroo Island: Culling Efforts Prove Insufficient

Thousands of little corellas have been culled on Kangaroo Island, but authorities say it won't be e…
The little corella infestation on Kangaroo Island has reached critical levels, with the birds causing widespread destruction and disruption to daily life. Despite a recent culling effort that resulted in the death of 2,640 little corellas, authorities acknowledge that it won't be enough to mitigate the problem.The birds, which are not native to the island, have been covering a local school in faeces, tearing up infrastructure, damaging crops, and causing mental distress to residents with their screeching. They have also been spotted using the nesting hollows of the endangered glossy-black cockatoo, smashing their eggs and killing their nestlings.Past attempts to control populations by shooting, scaring, trapping, or gassing them have failed, with the highly intelligent birds learning how to survive or just moving to cause havoc somewhere else. The Kangaroo Island Landscape Board's general manager, Will Durack, says that night-time shooting was more efficient, with the roosting birds easier to kill in large numbers, but it is not clear how much of a dent they made in the population.The little corellas have created a perfect environment for themselves on the island, with a predictable water supply from stock troughs and dams, and food from grain crops. Residents have expressed concerns about the physical and mental health impacts of the infestation, including the spread of diseases such as ornithosis and the disruption to daily life caused by the birds' loud shrieks.Coordination with other agencies and more resources are needed if the trial is to be expanded, according to the landscape board. A resident, Rodney Bell, has four grandchildren at the school and says: “They poo all over the yard, then the kids are playing in it.” He also mentions that “near the school, they would drive anyone insane from the sheer noise.”
#says #little #birds
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News Apr 08, 2026

Iran‑US Two‑Week Ceasefire Sparks Claims of Victory Amid Deepening Middle East Stalemate

Both Tehran and Washington hail a newly brokered two‑week ceasefire as a win, yet the agreement mas…
Iran and the United States each declared a triumph after agreeing to a two‑week ceasefire that was announced just before President Donald Trump’s deadline to force Tehran’s surrender. The conflict, which began on 28 February, has already claimed 2,076 lives in U.S.–Israel strikes on Iran and has caused thousands more deaths across the region. The fighting has also shocked global energy markets, stranding oil tankers and pushing prices to unprecedented levels. Trump announced on Truth Social that the United States would halt bombing Iran after receiving a “workable” 10‑point ceasefire proposal, adding that “almost all of the various points of past contention have been agreed to.” Iran, for its part, said it would reopen the Strait of Hormuz to commercial traffic, even as some citizens denounced the government’s perceived capitulation. Both parties are set to resume Pakistan‑mediated talks in Islamabad on Friday, though analysts warn that earlier red lines may resurface. Key terms of the Tuesday agreement: the United States will suspend air strikes for two weeks, citing that it has already achieved its military objectives and is close to a “definitive agreement concerning long‑term peace.” Iran’s foreign minister, Abbas Araghchi, pledged to halt “defensive operations” and to allow safe passage through the Strait of Hormuz, while also indicating willingness to fund reconstruction from fees collected on transiting ships. Domestic reaction in Iran remains volatile. University of Tehran professor Foad Izadi noted that the public’s pessimism stems from two prior escalations—June’s 12‑day war and the February 28 strikes—both of which occurred amid ongoing negotiations. Earlier demands: The United States had presented a 15‑point plan on 25 March, calling for a 30‑day ceasefire, immediate reopening of the Strait, Iran’s de‑commissioning of its nuclear facilities, a total ban on uranium enrichment, handover of nuclear stockpiles to the IAEA, cessation of support to regional proxies, strict limits on ballistic missiles, and a full lift of sanctions, among other items. Iran responded with a 10‑point proposal that emphasized a non‑aggression commitment from the United States, controlled passage through the Strait, acceptance of its enrichment programme, comprehensive sanctions relief, withdrawal of U.S. combat forces, compensation for war damages via shipping fees, and a binding UN Security Council resolution. Both sides have already made concessions. Iran moved from demanding a permanent ceasefire to accepting a two‑week pause, and it shifted from insisting on reparations to proposing reconstruction funding from Strait fees. The United States, meanwhile, has softened its demand for an “unconditional” Iranian surrender and has not reiterated its earlier insistence on dismantling Iran’s missile capabilities. One of the most contentious issues remains the status of Lebanon. While Pakistan’s prime minister said the ceasefire would extend to Lebanon, Israeli Prime Minister Benjamin Netanyahu denied any such inclusion, and Israel launched a major bombing campaign in Beirut shortly thereafter, killing hundreds. Looking ahead, analysts highlight that the United States is unlikely to concede on the complete withdrawal of its roughly 50,000 troops stationed across 19 Middle Eastern sites—a demand Tehran has placed on the table. The outcome of the upcoming talks will hinge on whether Washington can accommodate Tehran’s broader political and economic requests without compromising its strategic objectives.
#iran #pakistan #israel
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