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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

US‑Iran Ceasefire Talks in Pakistan Undermined by Fresh Tehran‑Washington Dispute Over Lebanon and Frozen Assets

A US delegation arrived in Islamabad for scheduled cease‑fire negotiations with Iran, but newly sur…
The United States team landed in Islamabad on Friday, gearing up for Saturday’s planned cease‑fire talks with Iran aimed at pausing the ongoing US‑Israel‑Iran conflict.New friction erupted on Friday when senior officials from both sides exchanged conflicting accounts of a 10‑point Iranian proposal that underpinned Tuesday’s temporary pause in hostilities.Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned on X that two critical measures—a cease‑fire in Lebanon and the release of Iran’s blocked assets—remain unfulfilled, insisting they must be addressed before negotiations can proceed.Ghalibaf, who is slated to attend the summit alongside Foreign Minister Abbas Araghchi, echoed the Iranian military’s joint command warning that its “fingers are on the trigger” after what it described as repeated “breaches of trust” by the United States and Israel.Meanwhile, former President Donald Trump escalated rhetoric, telling the New York Post that the U.S. is loading ships with the “best weapons ever made” and will employ them “very effectively” if a deal is not reached. In subsequent Truth Social posts, he dismissed Iran’s leverage over the Strait of Hormuz as a “short‑term extortion” and claimed the Iranians are “alive today only to negotiate.”The Trump administration credits Tuesday’s cease‑fire agreement with averting a larger U.S. escalation, yet it has not disclosed the exact framework agreed upon, noting it differs from Iran’s published 10‑point plan.Analysts point to substantial gaps between the parties on several fronts: Iran’s future control of the Strait of Hormuz, the status of frozen Iranian assets, the trajectory of Iran’s nuclear program, and Israel’s ongoing offensive in Lebanon.U.S. and Israeli officials assert that a Lebanese cease‑fire was never part of the deal, contradicting Iran and Pakistan’s position. Nonetheless, President Trump told an Israeli reporter that he urged Prime Minister Benjamin Netanyahu to make Israeli operations against Hezbollah “more low‑key” ahead of the talks.Israeli strikes continued, killing at least 300 people nationwide on Wednesday—the deadliest day of the offensive—while Al Jazeera’s correspondent reported no slowdown in southern Lebanon’s fighting. Kuwait also reported intercepting seven drones launched from Iran into its airspace within 24 hours.Despite the heightened rhetoric, U.S. Vice President JD Vance expressed optimism, stating he expects a “positive” outcome from the negotiations and that he has received “pretty clear guidelines” from President Trump. Vance emphasized that the United States is ready to extend an “open hand” to Iran if it negotiates in good faith, but warned that any attempt to “play us” would meet a “non‑receptive” negotiating team.Vance’s leadership reflects a non‑interventionist strand of the Trump administration, stepping in as Iran’s trust in special envoy Steve Witkoff and Trump’s son‑in‑law Jared Kushner has eroded. Witkoff and Kushner previously headed two rounds of indirect talks on Iran’s nuclear program, both of which collapsed—first after Israel launched a 12‑day war on Iran in June 2025, and again after the latest war erupted on February 28.
#iran #pakistan #lebanon
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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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Politics Apr 10, 2026

US Vice President JD Vance Cautions Iran Against Manipulating Islamabad Peace Talks Amid Lebanon‑Israel Conflict and Oil Shock

JD Vance warned Iran not to try "playing" the United States at the Islamabad negotiations, while Te…
JD Vance, the United States vice‑president, issued a stark warning to Tehran as he boarded Air Force Two for Pakistan: Iran must not attempt to "play" the United States at the peace talks scheduled for Saturday in Islamabad. The talks, mediated by Pakistan, could determine whether the fragile ceasefire in the region holds or if hostilities resume, with significant repercussions for the global economy, especially oil markets. Iranian parliamentary speaker Mohammad Bagher Ghalibaf and foreign minister Abbas Araghchi have conditioned their participation on two unmet measures: a full ceasefire in Lebanon and the release of Iran’s blocked assets. Ghalibaf posted on X that "Two of the measures mutually agreed upon between the parties have yet to be implemented." Uncertainty lingered on Friday night about whether the Iranian delegation would even travel to Islamabad. Earlier reports indicated that Israel had removed the Iranian officials from its bombing target list at Washington’s request. Meanwhile, Donald Trump amplified the tension, telling the New York Post that U.S. forces were "loading up the ships with the best ammunition" and would use them if negotiations failed. He later posted that Iran "has no cards" except short‑term extortion of international waterways. The backdrop to the talks is a worsening Lebanon‑Israel confrontation. More than 300 Lebanese civilians have been killed since the ceasefire began, and 13 Lebanese security personnel died in an Israeli strike on a government building in Nabatieh. Trump and Israeli Prime Minister Benjamin Netanyahu dispute whether the April 7 ceasefire between the U.S. and Iran includes Lebanon, and Israel continues bombing Hezbollah‑linked targets despite Netanyahu’s earlier statements about opening negotiations with the Lebanese government. Oil markets have felt the shock. The February 28 U.S.–Israeli strike on Iran and Tehran’s subsequent closure of the Strait of Hormuz—shutting off roughly one‑fifth of the world’s oil and liquefied natural gas—triggered a sharp price spike, adding political pressure ahead of the November U.S. congressional elections. Vance, however, expressed optimism as he departed for Islamabad: "We’re looking forward to the negotiation. I think it’s going to be positive. If the Iranians are willing to negotiate in good faith, we’re certainly willing to extend the open hand." He added, "If they’re going to try and play us, then they’ll find the negotiating team is not that receptive." The U.S. delegation also includes senior adviser Steve Witkoff and former senior adviser Jared Kushner, both of whom participated in earlier talks on Iran’s nuclear and missile programmes before the February attack. Negotiations are expected to focus on reopening the Strait of Hormuz, the future of Iran’s nuclear program, potential sanctions relief, reparations for war damage, and the release of Americans detained in Iran, according to the Washington Post. Advance teams from the United States and Iran have already taken up rooms at Islamabad’s five‑star Serena hotel, with Pakistani officials acting as intermediaries. Security forces have established a two‑mile perimeter around the hotel, declared a public holiday, and locked down the city centre to ensure a safe environment for the high‑stakes mediation. Hezbollah, while not commenting directly on the Lebanese‑Israeli negotiations, issued a statement urging the Lebanese government to stop "making gratuitous concessions" and vowed to continue fighting to "expel the occupier." The Lebanese army has reinforced its presence in Beirut following an Israeli strike that killed at least 303 people. Fighting persists in southern Lebanon, with Hezbollah claiming to have struck Israeli soldiers near Bint Jbeil—a town symbolic of resistance from the 2006 war—and launching rockets into Israel throughout Friday. Israel’s airstrikes across Lebanon have intensified, culminating in the Nabatieh attack that killed the highest number of Lebanese security forces to date.
#JD Vance #Iran #Islamabad peace talks
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Commentisfree Apr 10, 2026

The Limits of Bullying: Does It Work for World Leaders?

The article explores the effectiveness of bullying as a strategy in international relations, using …
The article examines the use of bullying as a tool in international relations, particularly in the context of Donald Trump's presidency. The author, Dave Schilling, argues that bullying may be effective in the short term, but it ultimately leads to negative consequences and does not achieve lasting results.Schilling draws on his personal experience of being bullied as a child to illustrate the dynamics of bullying behavior. He notes that bullies often target individuals who are remarkable or threatening in some way, and that the aim of bullying is to assert dominance and feel more powerful.The article critiques Trump's approach to foreign policy, which has been characterized by threats, bluster, and aggression. Schilling argues that this approach has not led to lasting results, citing examples such as the ongoing conflict in Iran and the tensions in the Strait of Hormuz.Schilling also explores the idea that bullying can be a successful strategy in certain contexts, such as in business or entertainment. However, he argues that this approach is not effective in international relations, where lasting relationships and cooperation are essential.The article concludes that bullying is not an effective long-term strategy for achieving success or resolving conflicts. Instead, Schilling suggests that empathy, understanding, and cooperation are essential for building strong relationships and achieving lasting results.
#you #bullying #trump
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Sports Apr 10, 2026

Lachlan Kennedy Smashes 10-Second Barrier in 100m, Jess Hull Falls in Dramatic 1500m Finish

Lachlan Kennedy became the first Australian to break the 10-second barrier in the 100m on home soil…
Lachlan Kennedy made history at the Sydney Olympic Park national championships by becoming the first Australian 100m sprinter to break the 10-second barrier on home soil, clocking a time of 9.96sec with a modest tailwind of +0.2.The 22-year-old Queenslander stormed out of the blocks and surged through the finish line, lowering his personal best by two hundredths of a second. This achievement is significant as it's the first time a local has run under 10 seconds for 100 metres in an event in Australia.Kennedy expressed his excitement, stating, 'Honestly, I didn’t really even expect it. I was just super relaxed, super – not cruisey, I was definitely pushing it – but it just felt easy.' He believes he has potential to go under 9.9sec as soon as this year.In other events, Cam Myers came close to a new national record in the 1500m, running 3:29.85, less than half a second off the 2023 mark set by Olli Hoare.The women’s 1500m final was marred by drama when Jess Hull tumbled over on the final straight after being clipped by rival Claudia Hollingsworth. The incident sparked two protests and an appeal to be heard on Saturday.Hull, visibly deflated, finished at the back of the pack. Her father and coach, Simon, voiced his displeasure, claiming his daughter was 'robbed.' The result remains in limbo pending the appeal.
#Lachlan Kennedy #Jess Hull #100m
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World Apr 10, 2026

Gulf Nations Pivot to New Security Partnerships After US‑Israel Conflict Over Iran and Threats to the Strait of Hormuz

In the wake of the US‑Israel war on Iran, Gulf states are reshaping their security architecture, se…
The Gulf Cooperation Council is reassessing its security model after the brief but intense US‑Israel campaign against Iran. With American bases on Gulf soil turning the region into a target for Tehran’s missile and drone barrage, Gulf capitals are looking to diversify their defence partners beyond the United States. Iran’s lingering missile arsenal and its demand to retain control of the Strait of Hormuz remain the central security dilemma. The strait channels the bulk of Gulf oil trade, and Tehran’s insistence on keeping a foothold there was a sticking point in the cease‑fire talks scheduled to begin in Islamabad. Gulf air defences boasted a high interception rate, claiming to have neutralised more than 90% of the 2,256 drones and 563 missiles that struck the United Arab Emirates, the hardest‑hit member of the bloc. Nevertheless, the Gulf is split on how to engage Iran moving forward. A hawkish bloc led by the United Arab Emirates and Bahrain favours a tougher stance, while Saudi Arabia, Qatar and others are open to restoring diplomatic ties. In a rare development, Saudi Arabia and Iran held their first official conversation since the conflict began, with foreign ministers discussing measures to lower tensions and restore regional stability. Security scholars such as Bader Mousa Al‑Saif of Kuwait University argue that Gulf states must broaden their security network, forging alliances with regional powers like Turkey and Pakistan rather than relying solely on the United States. He warned that the region needs a model that shields it from a perpetual state of war. Pre‑war trends are now accelerating: Saudi Arabia recently signed a defence pact with Pakistan, the UAE announced a partnership with India, and all three Gulf states – Saudi Arabia, the UAE and Qatar – entered rapid defence agreements with Ukraine to counter Iranian drone threats. Talks of a “Muslim NATO” have largely faded, but a new alignment dubbed “Step”, involving Saudi Arabia, Turkey, Egypt and Pakistan, is taking shape. The coalition’s purpose remains ambiguous, oscillating between counter‑Iran and counter‑Israel objectives, and internal rivalries complicate cohesion. The United Kingdom, which helped protect Gulf airspace during the hostilities, is also seeking deeper defence‑industrial cooperation with Saudi Arabia, as discussed by Prime Minister Keir Starmer in Jeddah. UAE political scientist Abdulkhaleq Abdulla predicts tighter security ties with the United States and a growing willingness among Gulf states to engage with Israel on military and intelligence fronts. Analysts such as Yasmine Farouk of the International Crisis Group note that Saudi Arabia’s extensive oil infrastructure, Red Sea ports and sheer geographic size give it a strategic advantage in post‑war reconstruction, though the cost of rebuilding could strain its Vision 2030 diversification agenda. Looking ahead, the Gulf is expected to layer additional security partnerships—particularly with European nations—while investing heavily in air and missile defence, hardened ports, desalination facilities, maritime surveillance and alternative export routes. As Andreas Krieg of King’s College London observes, the United States remains the only power with a full‑scale military architecture in the Gulf, but its bases are increasingly viewed as “tripwires” rather than protective shields.
#iran #turkey #pakistan
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News Apr 10, 2026

UK Tracks and Deters Three Russian Submarines in Covert Operation

The UK has tracked and deterred three Russian submarines in a covert operation in the High North ma…
The United Kingdom's Defence Minister, John Healey, announced that British forces had successfully tracked and deterred three Russian submarines in a covert operation within UK waters in the High North maritime region. This area is strategically important due to its proximity to key shipping routes and crucial undersea cables.Healey revealed that the month-long operation, which involved British warships and military aircraft, did not find evidence of Russian vessels damaging undersea infrastructure. However, the decision to publicly disclose the operation was made to 'call out' Russian activity and send a clear message to Russian President Vladimir Putin.“We see you, we see your activity over our cables and pipelines. And you should know that any attempt to damage them will not be tolerated, and will have serious consequences,” Healey stated. The British Defence Ministry identified the submarines as an Akula-class Russian nuclear-powered attack submarine and two specialist submarines from Russia's Main Directorate of Deep Sea Research (GUGI), which defence experts consider one of Moscow's most secret facilities.The Russian embassy in London rejected the British government's claims that its submarines posed a threat to undersea cables. According to Healey, the Russian attack submarine was likely a decoy to distract from the two specialist vessels designed to survey underwater infrastructure during peacetime and sabotage it in conflict. The operation highlights growing concerns about threats to undersea cables, which connect about 99 percent of global internet traffic, with the UK having 60 cables near its waters.
#russian #cables #submarines
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News Apr 10, 2026

Iran warns US that supporting Israel’s Lebanon offensive would ‘dumbly’ undermine regional ceasefire

Iranian Foreign Minister Abbas Araghchi cautioned that the United States would be acting foolishly …
Iranian Foreign Minister Abbas Araghchi warned on Thursday that it would be "dumb" for the United States to permit Israel to jeopardise the newly‑declared regional ceasefire by persisting with its intense bombardment of Lebanon, a campaign that has already claimed hundreds of lives. Araghchi noted that Israeli Prime Minister Benjamin Netanyahu’s corruption trial is set to resume on Sunday, suggesting the prime minister may have ulterior motives for sustaining the fighting. He wrote on social media that a ceasefire encompassing Lebanon would "hasten his jailing," implying that the truce could pressure Netanyahu’s legal woes. Addressing Washington directly, Araghchi said: "If the US wishes to crater its economy by letting Netanyahu kill diplomacy, that would ultimately be its choice. We think that would be dumb but are prepared for it." The statement echoes language used by U.S. Vice President JD Vance the previous day, who warned that Iran would find it "dumb" to let the ceasefire collapse over Lebanon, yet framed it as a choice for Tehran. Since the ceasefire was announced on Tuesday, the dispute over whether it applies to Lebanon has become a central obstacle to sustaining the truce. Iranian officials and media have hinted that Tehran could respond militarily to Israel’s assault on Lebanon or even block the Strait of Hormuz to enforce a Lebanon‑wide ceasefire. President Donald Trump told NBC News that he had spoken with Netanyahu and urged the Israeli government to "scale back" its operations in Lebanon, describing the approach as "low‑key." Vance also reported that Israeli officials had agreed to "check themselves a little bit in Lebanon." Despite these diplomatic overtures, the violence shows no sign of abating. The death toll from recent Israeli strikes in Lebanon has already surpassed 300, marking one of the deadliest days in the country’s recent history. On Thursday, Israel launched several new attacks, including a strike that killed four rescuers in the southern town of Borj Qalaouiye, and issued a displacement order for Beirut’s Jnah district, home to two major hospitals and tens of thousands of residents and displaced persons. The United States has a track record of asserting that Israel will curb its military actions, only to witness continued strikes. In 2024, the Biden administration insisted that Israel’s operation in Rafah was "limited," yet the Israeli military ultimately razed nearly every structure in the city, a tactic now hinted at for southern Lebanon. The Lebanese conflict escalated into full‑scale war in early March after Hezbollah fired rockets in retaliation for Israeli strikes and following the killing of Iranian Supreme Leader Ayatollah Ali Khamenei on February 28. Since a separate November 2024 ceasefire, Israel has maintained near‑daily attacks on Lebanon, targeting civilian infrastructure and deepening the humanitarian crisis.
#iran #israel #lebanon
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