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Economy Apr 05, 2026

OPEC+ Announces Modest Output Rise as Hormuz Blockade Keeps Oil Market on Edge

Eight OPEC+ members approved a 206,000‑barrel‑per‑day increase in May production despite the ongoin…
Eight OPEC+ participants have consented to raise daily oil‑production quotas by 206,000 barrels for May, a modest adjustment given that several key producers are constrained by the US‑Israeli conflict with Iran that has sealed the Strait of Hormuz.The strategic waterway has been blocked since late February, halting shipments from the core OPEC+ exporters Saudi Arabia, the United Arab Emirates, Kuwait and Iraq, thereby tightening global supply.During a virtual session, the eight members—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman—endorsed the May quota increase and reiterated their commitment to monitor market dynamics closely.The joint statement highlighted ongoing vigilance over market conditions and expressed concern that attacks on energy infrastructure make restoration costly and time‑intensive, further limiting supply availability.Although the increase accounts for less than 2% of the volume lost due to the Hormuz closure, OPEC+ sources told Reuters the decision signals a willingness to expand output once the strait reopens.Crude prices have surged to around $120 per barrel, a four‑year high, driving up transport‑fuel costs worldwide.JPMorgan warned that if the blockage persists into mid‑May, oil could breach $150 a barrel, an unprecedented level.The May adjustment mirrors the April decision made on March 1, yet the conflict is estimated to have removed between 12 and 15 million barrels per day—approximately 15% of global supply.Iran has allowed certain regional vessels to navigate the strait; Iraqi crude was observed transiting, and Oman is conducting talks with Tehran to facilitate smoother passage.U.S. President Donald Trump has threatened to expand attacks on Iranian civilian infrastructure, including bridges and power plants, if the Strait of Hormuz does not reopen by Monday.
#OPEC+ #Saudi Arabia #Russia
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World Economy Apr 05, 2026

Nepal Moves to Two‑Day Week as Fuel Shortage Worsens Amid US‑Israel Conflict with Iran

Facing a severe fuel shortage linked to the US‑Israel war with Iran, Nepal’s government has reduced…
Nepal’s cabinet approved a shift to a five‑day work week for government offices and schools, extending the weekend to both Saturday and Sunday in response to an escalating fuel crisis. Government spokesperson Sasmit Pokharel told reporters that the decision was taken because “the present uncomfortable situation caused by fuel supply” necessitates closing public institutions for two days each week. Previously, civil servants enjoyed only a single day off on Saturday; offices will now operate 9 a.m. to 5 p.m., Monday through Friday. Pokharel added that the government is also examining legal avenues to convert petrol and diesel vehicles to electric power, though details remain pending. Nepal, a landlocked country of roughly 30 million people, imports virtually all of its fossil fuels from India, leaving it highly vulnerable to international price shocks. The ongoing US‑Israel war with Iran has sharply curtailed global oil supplies, causing Nepal’s aviation fuel prices to almost double in a single day. The state‑owned Nepal Oil Corp reported heavy losses on petroleum products despite modest price hikes, prompting authorities to sell half‑filled cooking‑gas cylinders last month to deter hoarding and panic buying. Tourism, a cornerstone of Nepal’s economy, faces a new threat as airlines raise airfares following the steep rise in aviation fuel costs. Higher travel expenses could dampen inbound visitor numbers, compounding economic pressures. The fuel crunch stems from the broader Middle‑East turmoil that intensified after the United States and Israel launched a joint offensive against Iran on 28 February. Tehran’s retaliatory drone and missile strikes across the region have disrupted global markets and aviation, amplifying the scarcity of fuel supplies that ripple to landlocked neighbours like Nepal. By shortening the work week, the Nepali government hopes to reduce non‑essential fuel consumption, ease pressure on already strained energy imports, and buy time for longer‑term solutions such as electrification of transport.
#nepal #iran #tourism
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News Apr 05, 2026

US Forces Extract Downed F-15E Pilot from Iran in High‑Risk Rescue Amid Escalating Conflict

President Trump announced the successful rescue of a U.S. Air Force pilot whose F-15E was shot down…
President Donald Trump confirmed early Sunday that a U.S. airman missing after his F-15E fighter jet was downed in Iran had been recovered, describing the operation as one of the most daring in American history. The rescue, which reportedly involved a heavy exchange of fire, concluded after the pilot, a colonel‑rank weapons systems officer, was extracted from the mountainous terrain of southwestern Iran. For roughly two days, both Washington and Tehran scrambled to locate the missing serviceman. Iranian officials even appealed to local residents, offering a $60,000 reward and urging the public to hand over the airman, a move that analysts said could have yielded a propaganda victory for Tehran. According to statements from the White House, the mission required the deployment of dozens of aircraft armed with lethal payloads. While the rescue was ultimately successful, the pilot sustained injuries; however, officials assured that his condition would improve. Experts highlighted the broader strategic implications. Amin Saikal, a professor at the Australian National University, noted that the operation demonstrated the U.S. military’s commitment to never abandon personnel behind enemy lines, while also freeing President Trump to pursue his stated 48‑hour deadline for Iran to negotiate access to the Strait of Hormuz. The conflict, now in its 37th day, has already caused 2,076 deaths and injured 26,500 people across Iran since the initial strikes on February 28, which targeted senior Iranian leadership. The war has expanded into a regional confrontation, with Iranian forces striking Gulf states that host U.S. military and commercial assets. Details of the downing indicate that Iran’s “new advanced air‑defence system” succeeded in shooting down the F‑15E, marking the first loss of a U.S. aircraft in the war and the first such incident since the 2003 Iraq invasion. An accompanying A‑10 Warthog was also hit, though its pilot ejected and was rescued. Initial rescue attempts saw a Black Hawk helicopter damaged but remaining airborne. Iran’s Islamic Revolutionary Guard Corps (IRGC) cordoned off parts of the Kohgiluyeh and Boyer‑Ahmad province, where the crash occurred, and reported that local nomadic groups, armed with rifles for livestock protection, joined the search. State media released footage of Iranian forces firing at U.S. helicopters, and the IRGC claimed to have destroyed two C‑130 transports and two Black Hawks during the operation. Trump’s announcement emphasized continuous monitoring of the pilot’s location by senior defense officials and a rapid response once the rescue window opened. He also referenced the ongoing disinformation campaign aimed at misleading Iranian search efforts. While Tehran has not officially confirmed the firefight, reports from Al Jazeera suggest that nine individuals were killed in related strikes, though the connection to the rescue remains unclear. Iranian authorities also claimed that another U.S. C‑130 aircraft was downed, a claim the United States has not addressed. Overall, the successful extraction underscores the heightened stakes of the U.S.–Iran confrontation and may influence forthcoming diplomatic overtures concerning the Strait of Hormuz and broader regional stability.
#iran #rescue #airman
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News Apr 05, 2026

US rescues downed F‑15E crew amid Iran’s Strait of Hormuz blockade and escalating Gulf strikes

A missing US F‑15E crew member was rescued after a fierce firefight, while President Trump issued a…
The missing crew member of a US F‑15E jet, described by President Trump as a colonel, was located and rescued after a heavy firefight that involved hundreds of special‑forces operators, according to a US official speaking to Al Jazeera.Trump has set a 48‑hour deadline for Iran to reopen the Strait of Hormuz, a vital chokepoint through which 20% of global oil and gas transits. Iran’s central military command dismissed the ultimatum as “helpless, nervous, unbalanced and stupid.”Iran reports that US‑Israeli strikes have killed five people and wounded 170 at the Mahshahr Petrochemical Zone, while more than 30 universities have been targeted since the war began on 28 February.The rescued airman was the second of the two‑person crew; Iran has not yet issued a comment, though officials had previously urged citizens to help locate the missing officer in hopes of gaining leverage against Washington.During the rescue operation, Iranian media said strikes killed five civilians in the southwest. The Islamic Revolutionary Guard Corps (IRGC) claimed it shot down a US aircraft searching for the officer near Isfahan and destroyed an MQ‑9 Reaper drone, labeling the US effort a “desperate attempt to cover up a huge defeat.”Additional US‑Israeli attacks in Ardabil province near the Azerbaijani border killed three people, and the IRGC warned that the United States’ “target bank is inaccurate,” dismissing Trump’s threats to strike bridges as “laughable.”Russia has evacuated another 200 staff from the Bushehr Nuclear Power Plant after a deadly perimeter attack, while Iran’s foreign minister warned that such raids could expose the region to radioactive contamination.Tehran’s prosecutor’s office ordered the seizure and freezing of assets belonging to more than 100 high‑profile individuals accused of supporting the enemy abroad.In the Gulf, Iranian drones damaged two Kuwaiti power and desalination plants, shutting down two electricity‑generating units but causing no injuries. Bahrain’s civil‑defence teams extinguished a fire at an unspecified facility, also without casualties. Abu Dhabi halted operations at Borouge’s petrochemical plant after debris‑induced fires, and the UAE’s air defences responded to missile and drone attacks aimed at its aluminium industry. Former IAEA director‑general Mohamed ElBaradei urged Gulf nations to act before the situation “turns the region into a ball of fire.”President Trump confirmed the rescue on Truth Social, calling it “one of the most daring Search and Rescue Operations in U.S. History.” Meanwhile, former Army chief of staff General Randy George submitted a farewell letter after his removal, and satellite‑imaging firm Planet Labs announced an indefinite blackout of Iranian and regional imagery at the request of the Trump administration. Two individuals claiming to be relatives of the late Iranian general Qassem Soleimani were detained in the US, though Iranian media later disputed the familial link.Israel reported intercepting a missile launched from Yemen—the fifth such attack since the war’s start—and the Houthis, together with Iranian forces and Hezbollah, claimed a joint long‑range strike on Lod airport. Explosions were heard over Jerusalem, and missile attacks on Tel Aviv and central Israel wounded five civilians.In Lebanon and Syria, Israeli forces bombed the town of Kfar Hatta in Sidon, struck the southern city of Tyre after issuing evacuation warnings, and caused casualties in Maarakeh, where at least five people were reported killed.Energy markets are under pressure: OPEC is set to meet to decide May output policy after a modest April boost of 206,000 barrels per day. The war has driven crude prices above $100 per barrel, up from $65 before hostilities. Italy’s Prime Minister Giorgia Meloni visited Saudi Arabia and Qatar and is expected to travel to the UAE as oil supplies remain disrupted. Japan’s Mitsui OSK Lines reported that its LPG tanker Green Sanvi resumed Gulf crossing after being stranded. Iran announced it would allow Iraqi vessels to transit the Strait of Hormuz despite maintaining a broader blockade, a move aimed at easing Iraq’s severe economic distress.
#iran #israel #opec
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Sports Apr 05, 2026

Tottenham Women’s Coach Martin Ho Hints at Club’s Best WSL Finish as He Builds Long‑Term Foundations

Tottenham Hotspur Women, under 35‑year‑old head coach Martin Ho, have climbed to fifth place in the…
Martin Ho arrived at Tottenham in July, inheriting a side that had slumped to 11th place the previous season. Within months the club has risen to fifth in the Women's Super League, just three points shy of matching their record 32‑point tally from 2021‑22. With three league games remaining, Spurs are set to face Chelsea in an FA Cup quarter‑final, while a recent League Cup exit saw them lose 2‑1 to Manchester United. Ho, who began coaching at 17 after an unfulfilled stint at Everton’s academy, describes the campaign as a success so far, noting the progress from a “rudderless” squad to a more cohesive unit. He acknowledges the boldness of such a claim before the season ends, especially after consecutive 5‑2 defeats to Manchester City and Arsenal, but stresses that the club’s trajectory is positive. Only two new signings – Norway forward Cathinka Tandberg and Japan defender Toko Koga – joined the roster in the summer, a deliberate move by Ho to assess the existing squad first. "I needed to see the players with my own eyes and apply my coaching methodology," he explained. Ho’s approach draws on his experience as an assistant at Manchester United under Casey Stoney and Marc Skinner, and his earlier head‑coach role at Norwegian side SK Brann. He spent time learning the club’s culture, fanbase and values before implementing changes. Key to the transformation was a psychological reset. Ho told his players that the team must look forward and abandon the disappointment of the previous season. "We asked them to play bravely, press higher and accept that mistakes are part of growth," he said. The 5‑1 loss to Manchester City early in the season became a catalyst. Ho observed that the squad’s response demonstrated a shift in mentality, prompting him to reinforce belief and challenge the players to improve. Consistency has been elusive – three wins from eight league matches – but the side has shown signs of potential, and January brought additional reinforcements. Looking ahead, Ho warns against over‑inflated expectations. "If we promise Champions League football now and fail, it harms everyone," he cautioned, noting that European competition would be premature for a club still building its foundation. He emphasizes the need for steady, sustainable progress rather than a flash‑in‑the‑pan surge. "We must evolve the squad, staff, processes and investment together," Ho said. With a limited pool of elite talent, attracting and retaining players remains a challenge. Ho stresses creating an authentic environment that offers clear development pathways, saying, "When players see their value and a clear route forward, they stay and improve." Born in Liverpool to a Chinese father and English mother, Ho credits his upbringing for his holistic coaching philosophy. He often remarks that coaches are like thieves, constantly borrowing ideas from one another, and strives to adapt those influences into a style that reflects his own vision for Tottenham Women.
#Tottenham Hotspur Women #Martin Ho #Women's Super League
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Sports Apr 05, 2026

Assistant coach Pep Lijnders confirms Bernardo Silva’s summer exit from Manchester City

Manchester City’s assistant manager Pep Lijnders has announced that 31‑year‑old midfielder Bernardo…
Pep Lijnders revealed that Bernardo Silva will depart Manchester City this summer, urging the club to give the veteran a proper send‑off as his contract runs out in June.The Portuguese international, now 31, has enjoyed an impressive campaign but, according to the assistant manager, this will be his final season in the Sky Blue jersey.Speaking candidly, Lijnders said, "When he is not playing you will see how he is missed – that’s one game. Every good story comes to an end, and I hope he enjoys the last months – there are only six weeks – and has a good farewell. He deserves all that attention as well."Silva arrived from Monaco in July 2017 for a reported £43.5 million fee and quickly became integral to Pep Guardiola’s era of dominance, collecting six Premier League titles, two FA Cups, five League Cups, a Champions League trophy and two FIFA Club World Cups. He was also appointed captain for the current season.Lijnders, who previously served under Jürgen Klopp at Liverpool before joining City, praised Silva’s footballing intellect: "I didn’t like him before. Now I love him. The way he feels the game, what’s needed – there aren’t many like him. He knows when to drop, when to make a move 20 metres away from Rodri."He added, "Bernardo Silva is unique. The way he controls games, moves, receives the ball and leads is unparalleled. You never replace a player of his type because they simply don’t exist." Lijnders emphasized the club’s focus on nurturing academy talent to fill midfield roles rather than seeking a direct replica.Silva, who has previously spoken of wanting to end his career at Benfica, will become a free agent this summer. Barcelona have reportedly shown interest, though neither the player nor Manchester City have issued an official statement regarding his next move.
#silva #city #you
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Sports Apr 05, 2026

Brighton Stuns Arsenal in Women's FA Cup, Liverpool Advances to Semifinals

Brighton shocked Arsenal 2-0 in the Women's FA Cup quarterfinals, while Liverpool edged Charlton At…
Brighton pulled off a major upset in the Women's FA Cup quarterfinals, defeating Arsenal 2-0 at Borehamwood. The win extended Arsenal's wait for their first Women's FA Cup title in over a decade. Fran Kirby, a former Chelsea forward, played a crucial role in the victory, providing two assists.Madison Haley opened the scoring shortly after halftime with a superb finish into the top corner, and Caitlin Hayes sealed the win with a header from a deep Kirby corner. Arsenal, who had recently knocked out Chelsea in the Champions League, looked disjointed and below their best.In another match, Liverpool secured a semifinal spot with a scrappy 115th-minute goal from substitute Zara Shaw against Charlton Athletic. Shaw's goal came after a scramble in the box, marking her return to competitive action after a 12-month knee injury.Liverpool manager Gareth Taylor praised Shaw's determination, saying, 'What a story, Zara Shaw, eh? The way people speak about her at the club, it couldn’t have happened to a better person.'Charlton's head coach, Karen Hills, expressed pride in her team's performance, stating, 'I’m so proud of the group. The way they performed today, they were outstanding.'
#brighton #arsenal #liverpool
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Music Apr 05, 2026

Duncan James' Playlist Revealed: The Songs That Define Him

Duncan James, a member of the British boy band Blue, shares his personal playlist, revealing the so…
Duncan James from Blue has opened up about his favorite songs, sharing a personal playlist that reveals a lot about his musical tastes and experiences. The song he inexplicably knows all the lyrics to is Can't Help Falling in Love by Elvis, which he even sent as his audition tape to join Blue.James also shared his go-to karaoke song, It's Raining Men by Geri Halliwell, which he sang at his 30th birthday party. Interestingly, Geri Halliwell herself walked in during the performance and joined James' mum on stage.Other notable songs on his playlist include Sadeness (Part I) by Enigma, his first single purchase, which his friend bought for him at Woolworths. James also confessed that Fantasy Island by Tight Fit was the first song he fell in love with, likely due to his crush on a guy in a zebra print headband from the music video.James also talked about the song that makes him cry, My Life Is Going On by Cecilia Krull, from the Spanish Netflix series La Casa De Papel (Money Heist). On a lighter note, he shared his least favorite song to have sex to, One Love by Blue, which he found creepy.The song that changed James' life was All Rise, which became a worldwide hit and started Bluemania. He also revealed his favorite song to play at a party, Defying Gravity from Wicked, which gets him dancing on tables.On a more sentimental note, James shared the song he can no longer listen to, Meu Abrigo (My Shelter) by Melim, which reminds him of his ex. He also confessed to secretly liking Doctor Jones by Aqua, despite pretending to hate it. Finally, the song he'd like played at his funeral is Bohemian Rhapsody by Queen, which he believes is one of the greatest songs ever written.
#blue #music #playlist
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Sports Apr 04, 2026

Canada Offers Free Jersey Swap to Italian Fans Ahead of World Cup 2026

Canada Soccer is offering a free jersey swap to Italian fans in Toronto's Little Italy district ahe…
Italian football fans are being encouraged to put their national team's World Cup 2026 qualification failure behind them – by backing co-hosts Canada instead. Canada Soccer, the national governing body for the sport, is offering a free jersey swap on Saturday for fans in Toronto's Little Italy district.“Dear Italian soccer fans, Don't wait four more years. Swap your jersey for Canada,” read a post on X. The initiative aims to tap into Canada's large Italian diaspora, with around 1.5 million Canadians having either full or partial Italian ancestry.Italy would have faced Canada in Group B had they won their qualifying playoff against Bosnia and Herzegovina – but the Azzurri lost on penalties, missing out on the men's World Cup finals for the third tournament in succession. Instead, Jesse Marsch's team will face Bosnia and Herzegovina, Qatar, and Switzerland in their group games.“Canada Soccer is inviting Italian-Canadians to get behind the home team,” read a further statement. “On Saturday 4 April from 10am to 2pm (EST), Canada Soccer will be outside Cafe Diplomatico on College Street in Toronto, offering fans the chance to swap their Italy colours for a Canada jersey and join the momentum heading into the Fifa World Cup 2026.”T icket prices for Canada's World Cup opener against Bosnia and Herzegovina on 12 June have soared, with all unsold tickets listed at $3,125 and most resale seats costing a similar price. Saturday's free jersey swap may be the most affordable way that local Italian fans can get involved with the World Cup this summer.
#Canada Soccer #Italian fans #Toronto Little Italy
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