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Economy Apr 17, 2026

IMF and World Bank Restore Ties with Venezuela Under Interim Leadership

The IMF and World Bank have announced the resumption of ties with Venezuela under interim leader De…
The International Monetary Fund (IMF) and the World Bank have announced the resumption of ties with Venezuela under the country's interim leader, Delcy Rodriguez. This move comes after a period of severed relations that began in 2019 due to international disputes over the legitimacy of Venezuela's leadership. The IMF and World Bank had cut ties with Caracas in 2019 amid a split in the international community over whether to support Nicolas Maduro or Juan Guaido as the country's rightful leader following disputed presidential elections. IMF Managing Director Kristalina Georgieva stated that the institution had resumed dealings with Venezuela under Rodriguez's administration, guided by the views of its members. This step is expected to ultimately benefit the Venezuelan people. The World Bank followed suit, announcing that it would re-engage with Venezuela based on the outcome of the IMF's decision-making process. The bank had last made a loan to Caracas in 2005. These announcements come several weeks after the United States President's administration lifted sanctions on Rodriguez, further conferring legitimacy on her leadership. Rodriguez welcomed the announcements, calling it a significant achievement for Venezuelan diplomacy. Venezuela has one of the highest debt burdens in the world, with total external liabilities estimated at more than $150bn. The resumption of ties with the IMF and World Bank clears the way for Venezuela to request financial assistance if necessary to shore up its finances. In 2020, the IMF had rejected Venezuela's request for an emergency loan of $5bn to help fund its response to the COVID-19 pandemic, citing the lack of international consensus on Maduro's legitimacy. Venezuela has been a member of the IMF and World Bank since 1946.
#IMF #World Bank #Venezuela
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News Apr 17, 2026

Iran Declares Strait of Hormuz Fully Open Amid Israel-Lebanon Ceasefire, While US Keeps Naval Blockade

Iran’s foreign minister announced that the Strait of Hormuz will remain completely open for commerc…
Iran’s foreign minister Abbas Araghchi posted on X that, in line with the 10‑day Israel‑Lebanon ceasefire, the Strait of Hormuz is "completely open" for all commercial vessels for the remainder of the truce. The declaration follows a fragile agreement between Israel and Lebanon, whose acceptance by Hezbollah remains uncertain. The Iranian Ports and Maritime Organisation has already outlined a coordinated routing system for vessels, ensuring that traffic proceeds under strict supervision by the Islamic Revolutionary Guard Corps Navy, which will permit only non‑military ships. U.S. President Donald Trump echoed the openness of the strait in a social‑media post, emphasizing that it is "ready for business and full passage." However, he added that the U.S. naval blockade will continue "until Iran reaches a deal with the United States to end the war," signalling that commercial freedom does not equate to a lift of sanctions. Trump also claimed that Iran has pledged to "never close the Strait of Hormuz again," describing the waterway’s previous use as a "weapon against the world." A senior Iranian military official clarified that this promise applies solely to non‑military vessels, with IRGC Navy oversight. The conflict, which began on 28 February, has already claimed over 3,000 lives and saw Iran previously block the strait—a chokepoint through which roughly 20% of global oil and LNG shipments flow. After stalled U.S.–Iran talks in Pakistan, the United States expanded its blockade to Iranian ports in the Gulf. In Washington, Trump reiterated his administration’s pressure on Tehran to abandon its nuclear ambitions. He suggested a potential "cash‑for‑uranium" deal worth $20 billion, later describing the prospect of acquiring Iran’s "nuclear dust" without payment—a claim dismissed by Iran’s state media, which said no such negotiations ever occurred. Trump also announced that Israel is now "prohibited" from bombing Lebanon, stating that any U.S.–Iran agreement is not contingent on developments in Lebanon. UN peacekeepers reported no air attacks since midnight, though they accused Israeli forces of violating Lebanese airspace and conducting artillery fire. According to the U.S. Department of State, Israel may act in self‑defence against imminent threats but is barred from offensive operations in southern Lebanon. Senior analyst Mairav Zonszein of the International Crisis Group described the direct talks between Lebanon and Israel as a "potential breakthrough," while cautioning that a durable settlement remains distant. He noted that a diplomatic track strengthening the Lebanese government could gradually diminish Hezbollah’s political influence. Overall, the simultaneous declaration of an open strait and the continuation of a U.S. blockade underscores the complex interplay of commercial interests, regional security, and the broader quest for a diplomatic resolution to the Middle‑East conflict.
#iran #strait #lebanon
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News Apr 17, 2026

Pakistan's Crucial Role in US-Iran Nuclear Talks: A Deal 'Close'?

US President Donald Trump suggests a nuclear deal with Iran is close, while Iran's Foreign Ministry…
US President Donald Trump has expressed optimism about a potential nuclear deal with Iran, stating that the two countries are close to an agreement. He claimed that Iran has agreed to halt its nuclear weapons program and return its stockpile of enriched uranium.However, Iran's Ministry of Foreign Affairs presents a different picture. Spokesperson Esmaeil Baghaei stated that Iran must be able to continue enrichment based on its needs, contradicting Trump's claims. No Iranian official has confirmed agreeing to surrender the country's enriched uranium stockpile.Pakistan is playing a crucial role in mediating between the US and Iran. Pakistani army chief Field Marshal Asim Munir held high-level meetings in Tehran with Iranian leaders, including Parliament Speaker Mohammad Bagher Ghalibaf and President Masoud Pezeshkian. Prime Minister Shehbaz Sharif is also engaged in parallel diplomacy with Gulf leaders in Saudi Arabia and Qatar.The US and Iran have different interpretations of the negotiations. Trump's comments suggest a maximalist reading of the negotiating process, while Iran's position remains firm on its sovereign right to enrichment. The April 22 ceasefire deadline adds urgency to the talks.Analysts suggest that any agreement may hinge on deliberate ambiguity, allowing both sides to claim a 'win' on the nuclear issue. The shifting goalposts and evolving US objectives have also contributed to the complexity of the negotiations.
#iran #nuclear #pakistan
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Politics Apr 17, 2026

Lebanese Banking Magnate Antoun Sehnaoui Sparks Outrage After US Envoy Praises Pro‑Israel Stance Amid Ongoing Conflict

Banker Antoun Sehnaoui, chair of Societe Generale de Banque au Liban, was lauded by US Middle East …
Amid a wave of Israeli air strikes that have killed hundreds and displaced roughly 20 % of Lebanon’s population from the south, Lebanese banker Antoun Sehnaoui attracted fierce criticism after being publicly praised for his pro‑Israel activities. Sehnaoui, who chairs Societe Generale de Banque au Liban (SGBL), attended an event at the United States Holocaust Memorial Museum – a venue he has financially supported. The commendation came from Morgan Ortagus, the U.S. Middle‑East envoy who, according to reports, is also Sehnaoui’s romantic partner. Ortagus framed support for Israel as a matter of "moral clarity", even when it entails personal risk. She highlighted Sehnaoui’s funding of a U.S.–Israeli opera project, noting that such transactions are technically illegal in Lebanon under the country’s ban on dealings with Israeli entities. Describing the banker’s lineage, Ortagus said he hails from generations of "committed Lebanese Christian Zionists" and that his family has been "trained to support the State of Israel and the Jewish people." She also referenced his father, Nabil Sehnaoui, a principal backer of the Lebanese Forces militia, which allied with Israel during the 1982 invasion and was implicated in the Sabra‑Shatila massacres. The timing of the endorsement proved especially contentious. Since mid‑March, Israel has been accused of employing a “quadruple‑tap” bombing technique designed to maximise civilian casualties, and more than a million southerners have fled their homes, deepening sectarian tensions. Lebanese social‑media users reacted with outrage, calling for Sehnaoui’s imprisonment, accusing him of betraying his nation, and even alleging he had converted to Judaism. One commentator, academic Makram Rabah, argued that while a museum visit should not be controversial, the overt support for Israel amid a fragile ceasefire is. Ortagus’s own record – marked by staunch opposition to Hezbollah and open advocacy for Israel since her appointment in April 2025 – has already drawn scrutiny over her suitability as a neutral broker in the region. Beyond the political backlash, Sehnaoui faces serious legal challenges. Lebanese prosecutors have filed money‑laundering charges against him and SGBL, alleging illicit currency‑trading activities that exacerbated the country’s financial crisis that began in 2019. The bank denies any wrongdoing. In the United States, a 2020 civil lawsuit filed by families of Hezbollah‑linked attack victims accuses SGBL of providing material support to the militant group – a claim the bank also rejects. Lebanese MP Paula Yacoubian warned that Sehnaoui’s recent maneuvers appear designed to secure personal immunity in exchange for facilitating Israel‑Lebanon normalisation, rather than delivering tangible benefits such as the safe return of displaced residents. While the controversy rages, a tenuous ceasefire has allowed tens of thousands of residents to return to the devastated south, many seeking the remains of loved ones or assessing the damage to their homes.
#Antoun Sehnaoui #Morgan Ortagus #Societe Generale de Banque au Liban
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Politics Apr 17, 2026

Beirut Celebrates 10-Day Israel-Lebanon Ceasefire as Trump Signals Near-Term Iran Deal

A ten‑day ceasefire between Israel and Hezbollah has sparked public celebrations in Lebanon, while …
Lebanese citizens took to the streets to celebrate the launch of a 10‑day ceasefire between Israel and Hezbollah, a move aimed at opening negotiations for a lasting security and peace arrangement, according to the U.S. State Department.The ceasefire, announced to facilitate dialogue between Israeli and Lebanese officials, has been welcomed as a hopeful step toward stabilizing a volatile border region that has seen repeated hostilities.In a separate development, U.S. President Donald Trump reiterated that a deal to end the war with Iran is "very close," suggesting that diplomatic talks could resume in Pakistan’s capital, Islamabad, as early as the upcoming weekend.Trump’s statement follows recent political turbulence in Washington, where the House of Representatives voted down an effort to limit the president’s authority to engage in a war against Iran.Both the ceasefire and the prospective Iran negotiations underscore a broader push by the United States to de‑escalate tensions across the Middle East, offering a potential shift in regional dynamics.
#Israel #Hezbollah #Donald Trump
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Politics Apr 17, 2026

Israel and Lebanon Agree to 10-Day Ceasefire Brokered by US

US President Donald Trump announces a 10-day ceasefire between Israel and Lebanon, effective at 5pm…
US President Donald Trump has announced that Israel and Lebanon have agreed to a 10-day ceasefire, which will take effect at 5pm US East Coast time (21:00 GMT) on Thursday. The truce was brokered after Trump spoke with Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun.The ceasefire is seen as a significant development in the conflict between Israel and Lebanon, which was drawn into the US-Israeli war on Iran on March 2 when Hezbollah, the Iran-aligned Lebanese armed group, fired rockets at Israel. The conflict has resulted in over 2,196 deaths in Lebanon and thousands more wounded.Lebanese Prime Minister Nawaf Salam welcomed the announcement, describing the ceasefire as "a central Lebanese demand we have pursued since the first day of the war". Netanyahu confirmed he had agreed to the truce, which he said presented his country with an opportunity for a "historic deal" with Beirut.The US State Department said that Israel would retain the right under the agreement to carry out strikes in Lebanon in self-defence "at any time". The ceasefire could be extended by mutual consent. Trump later said the Lebanese government would begin working with Hezbollah to achieve the goal of dismantling the group.The ceasefire follows an intense week of diplomacy, including direct talks between Lebanese and Israeli envoys in Washington, DC, hosted by US Secretary of State Marco Rubio. Trump said he would invite Netanyahu and Aoun to direct talks, believing "that will happen quickly".
#Israel #Lebanon #Donald Trump
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Politics Apr 17, 2026

Gaza Father's Desperate Quest for Truth: Uncovering the Fate of His Presumed Son

A Gaza father's emotional journey to find his presumed son, born during the 2023 war, amidst a pate…
In the devastated Gaza Strip, a father's quest for truth has become a desperate fight against time and uncertainty. Mohammed Lubbad's world was shattered on October 13, 2023, when an Israeli strike destroyed his home, killing several family members, including his wife and daughter.As Mohammed struggled to come to terms with his loss, he received news that his pregnant wife, Amal, had given birth to a son via Caesarean section at Kamal Adwan Hospital. However, the child's fate remained a mystery as Amal had died from head trauma and abdominal wounds shortly after.Mohammed's search for his son was complicated by the chaos and destruction caused by the ongoing war. He was told that his son might be among a group of premature infants at al-Shifa Hospital, but a lack of accurate medical documentation made it difficult to confirm.As the uncertainty grew, a bitter dispute emerged with another family who claimed the child was theirs. Despite similarities in the child's description, the two families were unable to resolve the matter.In a bid to find closure, Mohammed waited over two years for the evacuated children to return to Gaza. When they finally arrived on March 31, he went to Nasser Hospital in Khan Younis to try and see the child he believed was his. However, a minor dispute broke out with the other family, and medical investigators intervened.The police investigations department confirmed the dispute and emphasized that the initial registration of the baby under the other family's name could not be considered conclusive. Mohammed strongly believes the child is his and insists on a DNA test to settle the matter.However, DNA testing is currently unavailable in Gaza due to the destruction of specialized laboratories during the war. The police investigations department has called for the provision of DNA testing equipment or the facilitation of urgent sample transfers to accredited laboratories in Egypt or Jordan.Mohammed's ordeal has taken a significant psychological toll, affecting his life and work. He refuses to give up and plans to escalate his efforts by organizing a protest outside al-Shifa Hospital. For Mohammed, the truth is the only way to move on from the trauma and uncertainty that has haunted him since the war began.
#Gaza #Hamas #Israel Defense Forces
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Politics Apr 17, 2026

Iran Announces Full Reopening of Strait of Hormuz, Triggering Oil Price Dip and Renewed Diplomatic Maneuvers

Iran’s foreign minister declared the Strait of Hormuz completely open to commercial traffic, prompt…
Iran’s foreign minister Abbas Araghchi announced that the Strait of Hormuz is now fully open to commercial vessels, a statement that raised hopes for de‑escalation in the Middle‑East conflict and sent global oil prices tumbling. President Donald Trump took to social media to celebrate the news, proclaiming it a "great and brilliant day for the world" and asserting that Iran had pledged never to shut the strategic waterway again. Trump also claimed that Tehran had agreed to suspend its nuclear programme indefinitely and would forfeit any frozen U.S. funds, suggesting that a deal‑making session could occur over the upcoming weekend. In contrast, the Islamic Revolutionary Guard Corps (IRGC) offered only qualified support for Araghchi’s declaration, indicating that commercial traffic would be permitted only along a prescribed route and under IRGC naval permission. The United States, however, signalled that its naval blockade of Iranian ports will remain in force until all transactions are completed, warning that few vessels are likely to risk passage under the current uncertainty. Oil markets reacted swiftly: Brent crude slipped below $90 per barrel, easing inflationary pressures that had surged after the strait’s earlier closure. Simultaneously, a ten‑day truce in Lebanon entered its second day, temporarily halting Israeli airstrikes against Hezbollah‑aligned forces and offering a brief respite to civilians after weeks of intense fighting. Despite the truce, an Israeli drone strike in southern Lebanon killed a civilian, and Defence Minister Israel Katz reiterated that the Israeli Defence Forces were not withdrawing and could resume operations. In Paris, representatives from roughly 40 nations gathered at a conference co‑chaired by France and the United Kingdom to discuss a coordinated plan for safeguarding the strait, which historically carries about one‑fifth of the world’s oil and gas shipments. French President Emmanuel Macron welcomed Araghchi’s statement but urged a "full, unconditional reopening" by all parties, while UK Prime Minister Keir Starmer called for any reopening plan to be "lasting and workable". The International Maritime Organization’s secretary‑general, Arsenio Domínguez, said the agency is reviewing the announcement to ensure it complies with the principle of free navigation for all merchant vessels. Pakistan’s army chief Field Marshal Asim Munir, acting as a key mediator, arrived in Tehran to advance negotiations for a more durable peace, underscoring Pakistan’s growing diplomatic role in the region. Overall, while the Hormuz opening has eased immediate market pressures, the broader geopolitical landscape remains volatile, with the U.S.–Iran cease‑fire set to expire soon and regional actors still poised for further confrontation.
#Iran #Strait of Hormuz #Donald Trump
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Sports Apr 17, 2026

Rashford's Manchester United Future Uncertain as Loan Spells End

Manchester United's Marcus Rashford faces an uncertain summer as his loan spells at Aston Villa and…
Marcus Rashford's future at Manchester United hangs in the balance as his loan spells at Aston Villa and Barcelona come to an end. The 28-year-old has not played for United since December 2024 and is currently on loan at Barcelona, who have the option to purchase him for €30m (£26m).Manchester United sit comfortably in third place in the Premier League, seven points above sixth-placed Chelsea, but will not want to see the gap close come full time at Stamford Bridge. A return to Europe's top table is vital for United, which would result in players' wages increasing, including Rashford's salary reaching £325,000 per week on his deal, which runs until 2028.Michael Carrick, United's manager, has stated that the door is not completely closed on Rashford playing for United again. 'There's decisions to be made in time on certain things, and obviously Marcus is in that situation. But at this point in time, nothing's been decided,' Carrick said. 'Certainly from my perspective, whoever's here I want to work with, make the best out of, and help them improve.'Rashford's situation is complicated by United's desire to sell him, but few clubs could match his current earnings. Carrick will want to see his team bounce back from Monday night's home defeat by Leeds, but faces a defensive crisis with Harry Maguire and Lisandro Martínez out of the lineup.
#but #united #carrick
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