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Japan's Prime Minister, Sanae Takaichi, announced on Friday that the country will release additional oil reserves early next month, equivalent to roughly 20 days' worth of oil, to ensure a stable supply of crude oil. This move comes as concern grows over energy shortages caused by the crisis in the Middle East.This will be the second time Japan has dipped into its strategic reserves since the US-Israel war on Iran started in February. Last month, Takaichi approved the release of 50 days' worth of oil, the government's biggest ever release, in an attempt to head off a spike in prices.Japan has enough oil in reserve to last 230 days, but it also imports 95% of its crude oil from the Middle East, most of which is transported through the Strait of Hormuz. The country is trying to secure oil from locations that do not ship via the Strait of Hormuz, amid uncertainty over whether the waterway will fully reopen after a two-week conditional ceasefire announced by Donald Trump this week.By May, Japan should be able to secure more than half of its oil imports via other routes, Takaichi said, although she did not provide details. The industry ministry has said that potential new sources for imports could include Yanbu on Saudi Arabia's Red Sea coast and the Port of Fujairah in the United Arab Emirates.The decision to tap into oil reserves for a second time came as pressure grew on Japan's government to resist US pressure to become militarily involved in the conflict. More than 100 demonstrations were held across the country on Wednesday, with protesters urging Takaichi to abide by the postwar constitution, which forbids Japan from using the threat or use of force as a means of settling international disputes.

Residents of Sidon are recalling the traumatic experience of Israeli airstrikes that targeted their area, following a recent ceasefire agreement between Israel and Iran. The strikes had caused significant fear and destruction, leaving a lasting impact on the local community. The ceasefire has brought a sense of relief, but the memories of the intense violence and fear for their safety continue to linger among the residents. The incident has underscored the fragile nature of peace in the region and the ongoing tensions between Israel and Iran.

The ongoing Iran ceasefire talks have hit a roadblock, with Hezbollah's role emerging as a significant sticking point. The militant group's involvement in the negotiations has raised concerns among various stakeholders, making it challenging to achieve a peaceful resolution.Hezbollah, a Shiite Islamist organization based in Lebanon, has been closely aligned with Iran, which has been a key player in the conflict. The group's presence in the talks has sparked fears that Iran's interests may not be fully addressed, potentially undermining the ceasefire.Efforts to broker a ceasefire have been ongoing, with multiple parties involved in the negotiations. However, the issue of Hezbollah's involvement has complicated matters, highlighting the complexities of the conflict and the need for a comprehensive solution.

Israeli Prime Minister Benjamin Netanyahu has announced that his government is ready to hold direct talks with Lebanon, following a series of devastating Israeli attacks that killed over 300 people and threatened a fragile US-Iran ceasefire.In a statement released on Thursday, Netanyahu said that the negotiations will focus on disarming Hezbollah and establishing peaceful relations between Israel and Lebanon. This move comes a day after Israeli attacks across Lebanon resulted in significant casualties and raised concerns about the stability of the region.The Israeli attacks have killed at least 303 people and wounded over 1,000 in central Beirut and other areas of Lebanon. Lebanon's Prime Minister, Nawaf Salam, has declared Thursday a 'national day of mourning' in response to the attacks.Netanyahu's announcement comes as Hezbollah has rejected direct negotiations with Israel, stating that the Lebanese government should demand a ceasefire as a precondition before further steps. An official source has also confirmed that there will be no talks before a ceasefire is secured.The situation remains volatile, with Iranian President Masoud Pezeshkian warning that Israeli strikes on Lebanon would render negotiations meaningless. The US and Iran are set to meet in Islamabad, Pakistan on Saturday for talks on ending the war, with concerns growing about the impact of the conflict on the fragile ceasefire deal.

The International Monetary Fund has cautioned that the US‑Israel war on Iran could ignite a new wave of global inflation, jeopardising the outlook for world growth even if the current cease‑fire endures. IMF Managing Director Kristalina Georgieva announced on Thursday that the Fund will lower its growth projection for the global economy at next week’s IMF‑World Bank Spring Meetings, stating that the conflict has turned a potential upgrade into a growth downgrade. Earlier this year the IMF had lifted its forecast to 3.3 % growth for the 191‑member economies. That optimism evaporated after the war erupted on 28 February, driving up oil and natural‑gas prices, damaging energy infrastructure such as refineries and tanker terminals, and disrupting fertilizer shipments essential for global agriculture. Georgieva warned that the conflict is eroding business and consumer confidence and urged member nations to “get your house in order” as heightened defence spending adds further strain to the world economy. She also expressed confidence that the IMF will secure U.S. congressional approval this year for a 50 % increase in quota‑based lending resources, unlocking more of its roughly $1 trillion lending capacity. The United States, the Fund’s largest shareholder, would thereby provide crucial financial reassurance amid uncertain future developments. In a newly released report, the IMF estimated that countries directly involved in armed conflict typically see output fall by about 3 % at the outset, accumulating to roughly 7 % losses over five years. However, the study noted that economies like the United States may avoid severe economic damage because the fighting does not physically affect their own territory. Central banks are also on alert. Georgieva emphasized that “the central bank cannot afford to let inflation spiral out of control,” a statement that precedes the U.S. Federal Reserve’s two‑day policy meeting scheduled for 28–29 April, where interest‑rate decisions will be made amid political pressure from President Trump to lower rates. Other monetary authorities, including the Bank of Mexico, warned that the Middle‑East turmoil could push inflation higher in Latin America’s second‑largest economy, underscoring the broader spill‑over risks of the conflict.

A group of US Democrats has strongly condemned Israel's intensifying attacks on Lebanon, warning that the escalation threatens to undermine the fragile ceasefire between the US and Iran. The attacks, which have killed at least 303 people in Lebanon, have sparked concerns that the ceasefire may not hold if Israel continues its aggression.Congress members, including centrist and progressive Democrats, have urged President Donald Trump to take action to rein in his ally, Israeli Prime Minister Benjamin Netanyahu, and ensure that the ceasefire applies to Lebanon. They argue that Netanyahu's actions are not aligned with US interests and risk drawing America into a broader regional war.Pakistan, which mediated the ceasefire, had explicitly stated that the truce applies to Lebanon. However, Israel and the US have contradicted this account, with Trump and his aides denying that Lebanon is part of the deal. This has sparked concerns about the viability of the ceasefire and the potential for further conflict in the region.Democrats on the House Foreign Affairs Committee have slammed the US response, saying that such a misunderstanding during high-stakes negotiations would be a sign of incompetence. They are calling on Trump to pressure Israel to stop its attacks on Lebanon and ensure that the ceasefire holds.

Greenland Prime Minister Jens-Frederik Nielsen has urged NATO allies to stand united in defending international law, following US President Donald Trump's recent comments about the Arctic island. Trump's remarks described Greenland as a 'big, poor, poorly run, piece of ice.'Nielsen firmly rejected this characterization, stating, 'We are not some piece of ice. We are a proud population of 57,000 people, working every single day as good global citizens in full respect for all our allies.'The Prime Minister emphasized the importance of maintaining the post-war geopolitical order, including NATO's defence alliance and globally respected international law. 'Those things are being challenged now, and I think all allies should stand together to try to maintain them. I hope that will happen,' he said.NATO allies had been scrambling earlier this year to keep the alliance together after Trump revived his push to seize Greenland from Denmark, a fellow NATO member. The White House in January said Trump was weighing the use of military force in Greenland, prompting Germany, France, and other European nations to send troops to the island in a show of solidarity and deterrence.Trump later backed down after talks with NATO Secretary-General Mark Rutte, stating that 'the framework of a future deal' had been formed and moving the Greenland dispute to a diplomatic track. Diplomatic talks between Greenland, Denmark, and the US are ongoing, with more meetings scheduled.Despite the talks, Nielsen made it clear he did not believe Trump had abandoned his ambitions regarding the island: 'I cannot see that his desire to either take over or control Greenland has been taken off the table,' he said.

Iran's supreme leader, Mojtaba Khamenei, has declared a 'final victory' in the war against Israel and the United States, despite a fragile ceasefire being threatened by Israel's continued offensive on Lebanon.Marking 40 days since his father, Ayatollah Ali Khamenei, was killed in a US-Israeli attack, Khamenei stated that Iran had 'astonished the world' during the course of the war. He emphasized that Tehran is not seeking war but is fighting for its legitimate rights.Khamenei warned that Iran will not leave 'criminal aggressors' unpunished and will demand compensation for damages and the blood of martyrs and the wounded. He also mentioned that Iran will move towards a 'new phase' regarding the Strait of Hormuz, which has been effectively blockaded since the war began.The US and Iran agreed to a two-week ceasefire mediated by Pakistan, allowing for negotiations to take place. However, Israeli air strikes across Lebanon on Wednesday killed over 300 people, threatening the truce amid disagreements on whether Beirut was part of the agreement.Khamenei stated that Iran is ready to respond if attacks resume, saying 'our hands are on the trigger'. Despite this, he emphasized that Iran will not renounce its legitimate rights under any circumstances, considering the entire resistance front as a whole.Delegations from Iran and the US are expected in Pakistan on Saturday to hold talks on ending the war.

Saudi Arabia has halted operational activities at several energy facilities due to recent attacks, according to the Saudi Press Agency. The attacks targeted oil, gas, and electricity sites in Riyadh, the Eastern Province, and Yanbu Industrial City.The attacks resulted in the death of one Saudi national from the industrial security personnel of the Saudi energy company, with seven others injured. The attacks have reduced the kingdom's oil production capacity by approximately 600,000 barrels per day.The Gulf countries, including Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Oman, and Qatar, have faced repeated drone and missile attacks from Iran over recent weeks. These attacks have contributed to increased volatility in the oil market, affecting the security of supply for consuming countries.Oil prices have jumped upward as the world weighs the prospects of a shaky Iran-US ceasefire and possibly the full reopening of the Strait of Hormuz, a vital oil transit point that Iran has effectively blocked during the conflict.The ceasefire, announced by US President Donald Trump, has been placed in doubt due to Israel's ongoing daily attacks on Lebanon and Iran's attacks on the Gulf countries. Several leaders around the world have called for Lebanon to be included in the ceasefire.