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World Economy Apr 12, 2026

Three VLCCs Traverse Strait of Hormuz Amid Fragile US‑Iran Ceasefire, Easing Oil Supply Strain

During the tentative two‑week ceasefire between the United States and Iran, three supertankers carr…
Three Very Large Crude Carriers (VLCCs) successfully navigated the Strait of Hormuz on Saturday, marking a rare movement of oil cargoes amid the fragile truce between the United States and Iran.The vessels – the Liberia‑flagged Serifos, and the China‑flagged Cospearl Lake and He Rong Hai – each can transport about 2 million barrels of crude, collectively representing a significant volume for a waterway that channels roughly 20% of the world’s oil and LNG shipments.According to data from the London Stock Exchange Group (LSEG) and analytics firm Kpler, the Serifos is chartered by Thailand’s state‑owned energy firm PTT. Loaded with Saudi and UAE crude in early March, it is slated to dock at Malaysia’s Malacca Port on April 21.The other two carriers, Cospearl Lake and He Rong Hai, are chartered by Unipec, the trading arm of Chinese energy giant Sinopec. Cospearl Lake, carrying Iraqi oil, is expected to reach China’s Zhoushan port on May 1, while the destination for He Rong Hai remains undisclosed.Earlier, a tanker named Ocean Thunder, chartered by a Petronas subsidiary, also transited the strait, underscoring a gradual, albeit limited, resumption of traffic.Despite these movements, hundreds of tankers remain stranded in the Gulf, awaiting clearance during the two‑week ceasefire. Their prolonged idling continues to pressure global energy prices, which have surged since Iran’s blockade began in late February.In addition to the loaded vessels, three empty tankers – Mombasa B, Agios Fanourios I, and Shalamar – were observed heading into the strait on Sunday to load fresh cargoes. Notably, Agios Fanourios I signaled a route to Iraq’s Basrah fields to pick up crude destined for Vietnam.Management firms such as Eastern Mediterranean Maritime, Cmb.Tech NV, and Pakistan National Shipping have not provided comments on the recent transits.While the passage of these three supertankers offers a modest relief to the global oil supply chain, the overall situation remains precarious. The continuation of the ceasefire and the resolution of Iran’s blockade will be critical determinants of oil market stability in the weeks ahead.
#iran #vlcc #ptt
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Sports Apr 11, 2026

Tyson Fury Weighs In Lighter for Heavyweight Comeback Fight Against Makhmudov

Former world heavyweight champion Tyson Fury weighed in at 267.9 pounds for his comeback fight agai…
Former world heavyweight champion Tyson Fury has weighed in considerably lighter than his previous fight in 2024, but still carries a few pounds more than his opponent, Russian Arslanbek Makhmudov. Fury registered 267.9 pounds in his underwear during Friday's weigh-in, while Makhmudov stepped up at 264.9 pounds.Fury's weight is a decrease from the 281 pounds he recorded for his rematch with world champion Oleksandr Usyk in December 2024 and 262 pounds against the Ukrainian in May that year. The 37-year-old Briton stated he still had 'a bit left in the tank' as he came out of retirement for the fifth time.'After another four or five retirements, I should be good,' Fury said. 'My priority is to beat this fella, I've got loads of Easter eggs in the fridge ready for me. Whoever has these belts, I want them back.'Fury emphasized his commitment to making a statement, saying he came in 'nice and light and lean' for the fight. He has spent 16 weeks training in Thailand and has promised fans a knockout win at the Tottenham Hotspur Stadium on Saturday night.'I'll knock his head right off his two shoulders,' Fury told reporters on Thursday. 'I'll be like the gamecock on top of Tottenham Hotspur Stadium, and he'll be like the knocked-out man sparked out on the floor.'The bout against Makhmudov will be broadcast exclusively on Netflix, highlighting Fury's continued commercial appeal even after a 16-month absence from the ring. Fury boasted about his financial draw, saying, 'I'm the money man. When you mention Tyson Fury in heavyweight boxing, you know you're getting paid.'
#fury #list #his
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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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World Economy Apr 01, 2026

UK Braces for Third Inflationary Shock in a Decade as Iran Conflict Disrupts Oil Supplies

The UK is facing a potential third inflationary shock in less than a decade due to the conflict bet…
The UK is bracing for a potential third inflationary shock in less than a decade as the conflict between Iran and the US threatens to disrupt oil supplies. The Strait of Hormuz, a critical waterway for global oil supplies, is at risk of being blocked, which could lead to a significant increase in oil prices. The impact of such a disruption would be felt globally, with Asia being particularly affected as it buys 80% of the oil transported through the strait. Countries in the region are already experiencing the effects, with governments imposing limits on driving and shortening working weeks to conserve energy. Populations are struggling with dramatic hikes in food prices and shortages of petrol and diesel. In Bangladesh, the government reportedly believes it will run out of oil and gas within weeks. To conserve fuel, some temples in Thailand have stopped cremations. The energy-supply storm may well hit the UK's shores just before next month's elections, prompting Keir Starmer to call Cobra meetings and Rachel Reeves to summon business leaders into Downing Street. The poorest households will be hit hardest by the inflationary shock, with food producers predicting prices will rocket nearly 10% this year. According to calculations done exclusively for this column by the Energy and Climate Intelligence Unit (ECIU), that will add £127 to the average household's annual food bill. However, the ECIU also notes that because the poorest spend proportionately more of their money on food, they will be hit far worse. The author suggests that the UK needs to adopt a more progressive approach to utility pricing, with a move away from fossil fuels and from the current system of ownership. The days of relying on a growth miracle are over, and the UK needs to focus on addressing the inequality and regressive utility pricing that will exacerbate the impact of the inflationary shock.
#oil #energy #but
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Environment Apr 01, 2026

Asia's Energy Crisis: Governments Turn to Dirty Fuels as Iran War Disrupts LNG Supplies

The ongoing conflict between the US and Israel against Iran has led to a significant disruption in …
The Iran war has triggered a massive energy shortfall in Asia, forcing governments to ramp up their use of coal, the dirtiest fossil fuel. Countries across the region, including South Korea, Thailand, the Philippines, India, and Bangladesh, are trying to compensate for a drop-off in imported energy, much of which comes from the Middle East.Climate experts have warned that the increased use of coal will have a devastating environmental impact, and that the energy crisis should be a wake-up call for governments to invest in renewables. The crisis has highlighted the importance of renewable energy for energy security in Asia.The global market has flipped within four weeks from a healthy supply surplus to a severe deficit, leading to price spikes and fuel shortages. Almost 30bn cubic meters of LNG has been removed from global supply chains, with over 80% of this loss affecting the Indo-Pacific region.Experts warn that it will take years to recover LNG supplies and that the crisis will have a lasting impact on the energy landscape in Asia. Governments are racing to overcome shortfalls, with some countries introducing measures to reduce energy consumption, such as four-day workweeks and remote work arrangements.
#Liquefied Natural Gas #Coal #Iran
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Entertainment Mar 30, 2026

The Enduring Allure of 'The Beach': A Film that Captures the Spirit of Adventure

The article discusses why 'The Beach' is the author's feelgood movie, highlighting its portrayal of…
The 2000 film 'The Beach', directed by Danny Boyle and starring Leonardo DiCaprio, evokes a sense of nostalgia and adventure in its viewers. The movie follows Richard, a young traveler who embarks on a journey to discover a hidden beach in Thailand, symbolizing the pursuit of freedom and the unknown. At its core, 'The Beach' is about living wildly and embracing uncertainty, a theme that resonates with many travelers. The film's protagonist, Richard, is driven by a desire to escape the monotony of daily life and find something more meaningful. This sentiment is echoed in the film's iconic soundtrack, which features tracks like 'Porcelain' by Moby. However, the film also critiques the impact of mass tourism on local environments and cultures. The movie's portrayal of a utopian island community, led by the enigmatic Sal (played by Tilda Swinton), ultimately unravels into chaos, highlighting the fragility of idealistic worlds. The article's author reflects on the film's enduring appeal, noting that it continues to inspire a sense of wanderlust and adventure in viewers. Despite its dated CGI and mixed reviews, 'The Beach' remains a beloved film that captures the raw spirit of travel and exploration. In a poignant twist, the real-life beach where the film was shot is now overrun with tourists, serving as a testament to the film's prophetic commentary on the consequences of unchecked tourism.
#The Beach #Leonardo DiCaprio #Danny Boyle
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World Economy Mar 28, 2026

Philippine transport workers rally over soaring fuel costs as President Marcos declares national energy emergency

Transport operators across the Philippines staged a two‑day strike demanding price controls as fuel…
Jeepney driver Arturo Modelo of Manila says his daily earnings have collapsed to roughly one‑third of the usual 600 pesos after fuel costs surged, leaving him unable even to afford his child’s lunch money.Modelo joined a two‑day transport strike on Thursday and Friday, hoping to make a “deaf government” listen to the plight of drivers who can no longer earn a living on the road.The iconic jeepney, born from repurposed U.S. military vehicles after World War II, remains the most affordable commuter option in the Philippines, yet its operators are now bearing the brunt of a global oil shock.Last week, jeepney owners walked out, and this week the protest expanded to include bus, taxi, minibus and motorcycle‑taxi drivers. Nearly a dozen national transport groups marched to the Presidential Palace demanding price caps on petrol and diesel, the removal of fuel taxes, and stricter regulation of the oil sector.Organised under the No to Oil Price Hike Coalition, the demonstrators also blamed “American aggression” against Iran for the domestic economic distress, with union chair Jerome Adonis likening the impact to “a bomb dropped on us”.In response, President Ferdinand Marcos Jr declared a national energy emergency on Tuesday night – the first such declaration in the country’s history. The emergency, set to last one year, grants the government powers to accelerate fuel procurement, curb hoarding and curb profiteering.Fuel prices remain among the highest in Southeast Asia: diesel is now about $2.3 per litre and petrol close to $2 per litre in the Philippines, versus $2.7 and $2.35 respectively in Singapore, while Malaysia, Vietnam and Thailand report roughly half those prices.To alleviate the burden, the administration has introduced a 5,000‑peso ($83) subsidy for motorcycle‑taxi drivers and other public‑transport workers, and disbursed 2.5 billion pesos (≈$414 million) in fuel subsidies to roughly 300,000 transport employees. Unions claim the sector employs about two million people, leaving many without aid.During the strike, picket lines appeared at 85 commuter terminals, and jeepneys were scarce on Manila’s usually congested streets. Authorities, however, argued that the action did not cripple the city’s transport network.Union leader Mody Floranda of the Piston group accused President Marcos of favouring oil companies, saying the president could issue an executive order to cap prices but has yet to act decisively.Energy officials note that 98 % of the Philippines’ crude oil is imported and that the country’s high 12 % value‑added tax, excise duties and a deregulated market – shaped by the Oil Industry Deregulation Law of 1998 – amplify price volatility. Professor Krista Yu of De La Salle University highlighted the nation’s limited refining capacity as a structural weakness.Chief economist Emmanuel Leyco warned that the law allowing industry‑driven price adjustments “is the main culprit”, especially as “half the population is poor”.Amid mounting pressure, Marcos signed legislation permitting the temporary suspension of fuel excise taxes when crude oil prices exceed a set threshold. Opposition lawmaker Renee Co urged that the 12 % VAT also be removed, calling both taxes “regressive” burdens on ordinary Filipinos.Co and other lawmakers have also filed a resolution demanding an immediate end to the U.S.‑Israel‑Iran conflict, linking regional geopolitics to the domestic fuel crisis.
#fuel #transport #oil
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Music Mar 27, 2026

Gianna's Coffee-Shop Pop and This Week's Top New Tracks

Discover Gianna's debut EP 'Behind the Wings' and explore this week's best new tracks, featuring ar…
Gianna, a 23-year-old Camden-based artist, has released her debut EP 'Behind the Wings', which blends polished boho-pop with elements of trip-hop and Balkan folk. Her music is reminiscent of early 2000s Nelly Furtado and All Saints. Gianna's songs are bright and effervescent, making a strong case for the revival of coffee-shop pop.Other notable new tracks include:Nia Archives – Danger: A UK junglist's return with a catchy playground chant acronym and swerving beats.deBasement – Aftermarket Bass (ft Nikki Nair): Fuzzed-out dancefloor bass and commanding icy vocals.Downtown Boys – No Me Jodas: Rhode Island punks return with an expanded sound, blending spit-and-sawdust squall with doom.Brennan Wedl and Waxahatchee – Six O’Clock News: A beautiful essay on outlaw love, combining Lucinda Williams and Sheryl Crow styles.Empress Of – Dream House: Sweet, shuffling R&B; offering to her family, whose home burned down in the Altadena fires.Lee “Scratch” Perry and Mouse on Mars – Rockcurry: Lee “Scratch” Perry's final sessions with a German electronic duo, producing synth-winking music.Khun Narin Electric Phin Band – Poet Wong Pt 1 (เปิดวง ตอน 1): Serene, intricate, psychedelic, and pulverising music from a marching band in northern Thailand.Subscribe to the Guardian's rolling Add to Playlist selections on Spotify or transfer it to Apple, Tidal, or other services.
#gianna #debasement #waxahatchee
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Sports Mar 26, 2026

Tractor FC to Face Shabab Al-Ahli in Asian Champions League Playoff

Iranian club Tractor FC will play Shabab Al-Ahli of Dubai in a playoff for a spot in the Asian Cham…
Tractor FC from Iran is set to travel to Saudi Arabia for a crucial playoff match against Shabab Al-Ahli of Dubai. The winner of this match will advance to the Asian Champions League Elite quarterfinals to face Buriram United of Thailand. The Asian Football Confederation (AFC) recently conducted the draw for the quarterfinal pairings. This comes after the western zone playoffs were postponed due to the ongoing conflict in the Middle East and have been rescheduled for April 13-14 in Jeddah, Saudi Arabia. The Saudi city of Jeddah will also host the tournament quarterfinals, semifinals, and final from April 16 to 25. The AFC is hopeful that the situation in the region will calm down, allowing the matches to proceed as planned. “We all want to play matches as soon as possible. So, hopefully we’re able to finish fixtures in April as we have planned,” said AFC general secretary Windsor John. “We’re hoping that things will calm down very soon.” Other notable matches include Vissel Kobe (Japan) facing the winner of the playoff between Al-Hilal (Saudi Arabia) and Al-Sadd (United Arab Emirates). Defending champions Al-Ahli Saudi will play Al-Duhail (Qatar) for a spot in the quarterfinals against Johor Darul Ta’zim (Malaysia). The AFC Champions League Two and AFC Challenge League quarterfinals have also been postponed and will be played on April 19 and 22 at centralized venues yet to be announced. Cristiano Ronaldo’s Al-Nassr is among the teams competing in the Asian Champions League Two.
#champions #league #saudi
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