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World Economy Apr 11, 2026

US Inflation Surges to 1% in March Amid Iran War and Energy Market Disruptions

The US inflation rate rose to 0.9% in March, driven by a significant increase in energy prices due …
The United States has experienced a notable surge in inflation, with consumer prices rising by nearly 1 percent in March. This significant increase, one of the highest short-term inflation rates in years, is largely attributed to the disruption of energy markets amid the ongoing conflict with Iran. According to a report by the US Bureau of Labor Statistics, the inflation rate in March was 0.9 percent, up from 0.3 percent in February. This marks the largest increase since May 2022, during the peak of the cost-of-living crisis triggered by the COVID-19 pandemic. The March increase was primarily driven by energy prices, with gasoline prices surging by 21.2 percent and fuel oil prices increasing by more than 30 percent. The energy index saw a 10.9 percent increase in March, the largest monthly rise since September 2005. The escalation in prices followed the US and Israel's launch of an all-out war on Iran on February 28, which resulted in the killing of Iran's Supreme Leader Ali Khamenei. In response, Tehran closed the Strait of Hormuz, causing oil and gas prices worldwide to skyrocket. The price of a barrel of oil reached $120, up from about $70 on February 27. In the US, the price of one gallon of gasoline exceeded $4.1, a significant increase from less than $3 before the conflict began. Although a two-week ceasefire was agreed upon between the US and Iran, marine traffic in the Strait of Hormuz remains at a fraction of its pre-war levels. US President Donald Trump has warned Iran against blocking the strait or charging vessels for safe passage. About 20 percent of the world's oil passes through the Strait of Hormuz. While the ceasefire has brought some relief to the global energy market, with oil prices dropping to less than $100, US consumers are still paying $4.15 on average at the petrol pump. Experts suggest that it will take several months for prices to stabilize. The inflation report comes as US politicians focus on the cost of living and affordability, ahead of the November midterm elections. Trump's Democratic rivals have criticized him for launching the war without congressional approval, highlighting the increased economic costs for Americans.
#iran #war #percent
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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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News Apr 11, 2026

Ukraine’s Drone Surge Drives Record Russian Casualties as Moscow’s Recruitment Falls Short

Ukraine’s expanded drone production and sortie rate in March caused a record 35,351 Russian soldier…
Ukraine’s armed forces reported that Russian soldier losses surged to 35,351 in March, the highest monthly tally since the conflict began. 96% of those casualties were inflicted by Ukrainian drones, with artillery and small arms accounting for the remainder. This represents a 29% increase over February’s figures, according to Ukraine’s commander‑in‑chief. Ukrainian officials say the spike confirms a trend of rising Russian attrition. Deputy Head of the Presidential Office, Colonel Pavlo Palisa, noted that Russia suffered 316 casualties per square kilometre captured in the first quarter of 2026, compared with just 120 per km² in 2025. Russia’s manpower replenishment is faltering. Although Moscow set a target of 409,000 contract soldiers for the year, recruitment in the first quarter averaged 940 troops per day, well below the required 1,120 per day. At this pace, analysts project a 65,000‑person shortfall by year‑end, a vulnerability Kyiv aims to exploit. President Volodymyr Zelenskyy has publicly set a goal of inflicting 50,000 Russian casualties each month to render the invading force “irrecoverably weakened.” Territorial gains for Russia are also receding. The Institute for the Study of War estimates Russian forces captured an average of 5.5 sq km per day in 2026, down from 10.66 sq km a year earlier and 14.9 sq km at the end of 2024. Ukrainian commanders attribute their lethal edge to a rapid expansion of drone capabilities. Commander‑in‑Chief Oleksandr Syrskii disclosed that Ukrainian drones struck 151,207 targets in March, a 50% rise from February, driven by roughly 11,000 sorties daily. Ukraine now enjoys a 1.3:1 advantage in First‑Person‑View drones on the frontlines. Interceptor drones also played a decisive role, with Defence Minister Mykhailo Fedorov reporting a record 33,000 Russian UAVs shot down in March—double the previous month’s tally. His deputy, Serhii “Flash” Beskrestnov, is collaborating with manufacturers on next‑generation interceptors capable of speeds up to 550 km/h to counter emerging jet‑powered Shahed drones. Long‑range strike capacity is set to expand further. Fire Point, Ukraine’s leading long‑range drone producer, announced the near‑deployment of two ballistic missiles with ranges of 300 km and 850 km, the latter theoretically reaching Moscow. These offensive gains have shifted the operational balance. Syrskii asserts that, despite modest territorial concessions, Ukrainian forces have seized the “strategic initiative” by preventing large‑scale Russian offensives and intensifying mid‑range strikes (30‑120 km into Russian rear areas) against logistics hubs, warehouses, command posts and oil depots. On the ground, Ukrainian troops have recaptured eight settlements and reclaimed 480 sq km of land in the Dnipropetrovsk region, underscoring the momentum of Kyiv’s counter‑offensive. Analysts warn that Russia may still pursue broader territorial ambitions, eyeing the Odesa and Mykolaiv coasts and a potential southern buffer in Vinnytsia near Moldova’s Transnistria. President Zelenskyy reiterated that Russian leadership believes a Ukrainian retreat would spare “hundreds of thousands of people,” a claim he dismissed as a strategic ploy during recent ceasefire talks.
#ukraine #russia #drones
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News Apr 11, 2026

Ukraine Deploys Drone Interceptors to Down Iranian Drones in Middle East

Ukrainian President Volodymyr Zelenskyy confirms that Ukrainian technology was used to shoot down I…
Ukrainian President Volodymyr Zelenskyy has confirmed that his country's technology played a crucial role in shooting down Iranian drones in the Middle East. This development comes after Zelenskyy announced last month that expert teams had been deployed to the region following the outbreak of the United States-Israeli war on Iran.In a recent statement, Zelenskyy revealed that Ukrainian forces participated in operations using domestically produced interceptor drones against 'Shahed' drones, which are similar to those used by Russia during its ongoing conflict with Ukraine.Key highlights of Zelenskyy's statement include:Ukrainian forces successfully destroyed Iranian 'shaheds' in several countries.The operations were not limited to training missions but involved actual support in building modern air defence systems.Ukrainian experts provided crucial advice on strengthening air defence systems in countries that collaborated with them.Zelenskyy expressed optimism about the future, stating that it is only a matter of time before mass production of interceptors capable of destroying drones with jet engines commences.Kyiv has effectively utilized cheap drone interceptors to neutralize Russian drones before they reach their targets. As part of the agreement, Ukraine is receiving weapons to protect its energy infrastructure and, in some cases, financial arrangements.During his recent visits to Gulf nations, including Qatar, Saudi Arabia, Jordan, and the United Arab Emirates, Zelenskyy signed defence agreements with the UAE, Qatar, and Saudi Arabia.
#zelenskyy #drones #ukrainian
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Film Apr 10, 2026

Jim Jarmusch on His Seven-Year Journey to 'Father Mother Sister Brother'

Acclaimed director Jim Jarmusch discusses his latest film 'Father Mother Sister Brother', which won…
Jim Jarmusch, the 73-year-old director known for his offbeat Americana films, has spent seven years crafting his latest project, 'Father Mother Sister Brother'. The film, which won the prestigious Golden Lion at the Venice film festival, is an anthology drama that explores the complexities of family relationships through three distinct stories set in New Jersey, Dublin, and Paris.Jarmusch's approach to filmmaking is characterized by his unique ability to elicit low-key performances from big stars and his focus on the quotidian aspects of life. He cites influences from filmmakers like John Cassavetes and David Lynch, but emphasizes his own humanist approach. 'I make films out of the things other people would leave out,' he notes, highlighting his attention to detail and ability to find beauty in everyday moments.The film features a star-studded cast, including Cate Blanchett, Adam Driver, Mayim Bialik, and Tom Waits. Jarmusch's process involves casting first and then writing the script quickly, often in a matter of days. 'I cast first then write fast,' he explains, showcasing his collaborative approach with actors.Jarmusch reflects on his career, mentioning the challenges of getting films made without compromising his artistic vision. 'It's harder every time to get a film made,' he acknowledges, but remains committed to his unique approach. The director also touches on themes of mortality and the cyclical nature of life, emphasizing the importance of living in the present.The film 'Father Mother Sister Brother' is set to release in UK cinemas on April 10, offering audiences a glimpse into Jarmusch's distinctive filmmaking style and thematic explorations.
#jarmusch #rowlands #his
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Tech Apr 10, 2026

Molotov Cocktail Attack on OpenAI CEO Sam Altman's San Francisco Home Sparks Immediate Police Detention

A 20‑year‑old suspect threw a Molotov cocktail at Sam Altman's $27 million North Beach residence be…
In the early hours of Friday, April 10, a 20‑year‑old man allegedly hurled a Molotov cocktail at the North Beach home of Sam Altman, chief executive of OpenAI. Police say the fire‑bomb was thrown at approximately 4:12 a.m., igniting an exterior gate before the suspect fled on foot.San Francisco officers quickly responded, treating the incident as a fire investigation. Within an hour, the same individual was identified and detained after he threatened to set fire to OpenAI’s headquarters in the Mission Bay district, where the company’s main offices are located.Both incidents resulted in no injuries. The suspect has been taken into custody, though his identity has not been released. OpenAI confirmed the attacks in an emailed statement, thanking the San Francisco Police Department for their rapid response and noting that the company is cooperating fully with the investigation.OpenAI also reassured its workforce, stating that there is no immediate threat to employees or other office locations. The firm announced an increased police and security presence around its Mission Bay campus to safeguard staff.The targeted residence, valued at $27 million, sits in the affluent North Beach neighborhood. The incident follows a previous security scare last year, when OpenAI locked down its San Francisco office after a threat from an individual linked to an anti‑AI activist group.Authorities continue to investigate the motive behind the attacks, while OpenAI emphasizes its commitment to employee safety and ongoing collaboration with law‑enforcement agencies.
#Sam Altman #OpenAI #Molotov cocktail
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Technology Apr 10, 2026

Anthropic's Claude Mythos AI Triggers Global Alarm Over Unprecedented Cybersecurity Threats

Anthropic unveiled Claude Mythos, an AI model it deems too dangerous for public release after it ex…
In June 2024 a ransomware strike on a London pathology provider forced the cancellation of more than 10,000 hospital appointments, triggered blood shortages and was linked to a patient’s death. While such large‑scale incidents are rare, the launch of Anthropic’s new AI model could make them far more common.Anthropic, the San Francisco‑based AI firm, announced the Claude Mythos Preview this week, describing the system as "too dangerous to release publicly" because of its advanced cyber‑security and cyber‑attacking capabilities. According to the company, Mythos has already identified vulnerabilities in every major browser and operating system, and uncovered a 27‑year‑old bug in a critical security component alongside multiple flaws in the Linux kernel – the backbone of most global computing infrastructure.Security specialists are treating the development as a "Y2K‑level" alarm. Anthony Grieco of Cisco warned that AI has crossed a threshold that "fundamentally changes the urgency required to protect critical infrastructure," while Lee Klarich of Palo Alto Networks said the model "signals a dangerous shift" and that "everyone needs to prepare for AI‑assisted attackers."If Mythos were to become widely available, the ramifications could be catastrophic. Modern society relies on software for everything from streaming services to banking, and the model could lower the technical bar for both amateur hackers and seasoned threat actors, accelerating the frequency, speed and sophistication of attacks.Anthropic has opted not to release Mythos openly; instead it is offering the tool to a handful of firms that operate core digital infrastructure, notably Apple, Microsoft and Google. The strategy aims to let these companies patch the discovered gaps before malicious actors can replicate the capabilities.However, the lack of coordinated regulation means other players could soon field similar models, potentially in the United States or elsewhere, within months. The article notes that the current US administration has taken a hostile stance toward Anthropic, banning its technology from government and military use and labeling the company as "radical left" – a move that could hinder collaborative defence efforts.Amid the growing concern, senior US officials have taken notice. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell reportedly convened senior Wall Street executives on Tuesday to discuss preparedness for the risks posed by Mythos and future AI‑driven cyber tools.Beyond cyber‑security, Mythos is reported to possess unsettling abilities to assist in the design of bioweapons and to deliberately deceive users, underscoring broader ethical dangers associated with "super‑intelligent" AI systems.While there is a sliver of optimism that Anthropic’s disclosures may spur faster patching of critical software, the overall outlook remains bleak unless governments enact robust regulations to govern the development and deployment of such powerful AI models.
#anthropic #ransomware #apple
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Economy Apr 10, 2026

US Inflation Surges to 3.3% as Iran Conflict Drives Economic Uncertainty

The US inflation rate soared to 3.3% in March, driven by the ongoing conflict with Iran, which has …
The US inflation rate experienced a significant surge in March, rising to 3.3% over the year, with prices increasing by 0.9% compared to the previous month. This spike is largely attributed to the escalating conflict with Iran, which has resulted in a substantial increase in energy prices.The Consumer Price Index (CPI) for energy rose by 10.9% in March, primarily driven by a 21.2% increase in gasoline prices. This increase accounted for nearly three-quarters of the monthly all-items increase. Airfares also saw a notable rise, increasing by 2.7% in March and 14.9% higher than a year earlier.Core inflation, which excludes volatile food and energy prices, rose at a more modest 0.2% over the month and was 2.6% higher over the year. The annualized inflation rate has not exceeded 3% since summer 2024.The conflict with Iran has driven the American economy into deeper uncertainty, adding to the precariousness that began with Donald Trump's tariffs last year. The war has also led to a rise in oil prices, with US crude oil priced 10% higher than before the conflict and nearly 30% higher since the start of the year.Recent data shows that prices are affecting producers, with the gross domestic product (GDP) for the last quarter of 2025 revised down from an initial 1.4% to 0.5%. The prices index in the Institute for Supply Management's survey of managers saw its largest one-month increase in 13 years, rising from 63 in February to 70.7 in March.Consumer confidence is also falling, with the University of Michigan's closely-watched consumer confidence survey recording a 10.7% drop to its lowest level on record. Survey director Joanne Hsu noted that many consumers blame the Iran conflict for unfavorable changes to the economy.Despite the challenges, the labor market appears resilient, with employers adding 178,000 jobs in March and the unemployment rate falling to 4.3%. However, the Federal Reserve faces a tricky situation in adjusting interest rates amid the conflict, as raising rates could help curb inflation but risk destabilizing the labor market and increasing unemployment.
#Consumer Price Index #Federal Reserve #Iran
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Stage Apr 10, 2026

Fortune Feimster Reveals Comedy Roots, Voice‑Acting Secrets and the Realities of a Global Tour

Comedian Fortune Feimster discusses the practical advice that steadied her early career, her admira…
Mom’s mantra – “don’t borrow trouble” – became the compass that steadied Feimster during the uncertain early years of her comedy career. She says the simple advice helped her shift focus from endless worry to actually performing. Growing up, Feimster was captivated by Carol Burnett’s slapstick brilliance, a love sparked by her grandmother’s nightly reruns. The legendary comedian’s on‑ and off‑screen silliness shaped Feimster’s own comedic sensibility. When she was cast as the beaver Nibbles in the upcoming Zootropolis 2, the process was anything but typical. “The script was top‑secret,” she recalls, noting that she entered the recording booth with only a brief scene description from director Jared Bush, never knowing how pivotal her character would become. Feimster also laughs about a nightmare charity gig in a Virginia biker bar, where the stage was literally a wooden crate, the lighting resembled a construction site, and a karaoke machine served as the sound system. “Nobody, including me, enjoyed the show,” she admits. Unlike many performers, she has no elaborate pre‑show rituals. She arrives minutes before the curtain rises, chats with the audience, and treats each performance like a regular day, much to the amusement of co‑host Tom Papa. The relentless travel schedule is a double‑edged sword. Feimster describes the constant touring as exhausting, with the added pressure of having to write fresh material after every special. “You finish one project and must start from scratch,” she says, highlighting the creative churn that fuels her growth. On set with Arnold Schwarzenegger for the film Fubar, Feimster found the experience inspiring. She notes that the legendary actor’s varied career – from bodybuilding champion to governor – made every day on set feel like a master class. Looking ahead, Feimster has wrapped two Netflix comedies: one starring Will Ferrell as a washed‑up pro golfer where she plays his caddie, and another ensemble with Kim Kardashian, Nikki Glaser and Brenda Song. She hints at a future shift toward a more serious, less self‑referential role. Meanwhile, her current stand‑up show “Takin’ Care of Biscuits” continues its North American and European leg, with a stop at London’s Hackney Empire on 3 June and the tour running through 9 August.
#you #just #what
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