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Economy Apr 18, 2026

Oil Prices Plunge as Iran Reopens Strait of Hormuz, But Tensions Remain

Oil prices have dropped to their lowest point in weeks after Iran announced that the Strait of Horm…
Oil prices have plummeted to their lowest point in weeks after Iran said the Strait of Hormuz was open for passage during a ceasefire in Lebanon. The international benchmark, Brent crude, fell more than 9 percent to $90.38 a barrel on Friday, taking it below $91 for the first time since March 10.Iranian Foreign Minister Abbas Araghchi said the strait was “completely open” and would remain so for the duration of the 10-day ceasefire between Israel and Lebanon, which took effect on Friday. US President Donald Trump hailed Tehran’s announcement, declaring the waterway “ready for business and full passage.”However, on Saturday, Iran rowed back on its decision to reopen the Strait of Hormuz, warning that it would continue to block transit through the key waterway as long as the US blockade of Iranian ports remained in effect. Trump said the blockade “will remain in full force” until Tehran reaches a deal with the US, including on its nuclear programme.Roughly one-fifth of the world’s oil passes through Hormuz and further limits would squeeze already constrained supply, driving prices higher once again. Amid the escalation, Pakistani officials say they are trying for more talks between the US and Iran ahead of the April 22 ceasefire deadline.Meanwhile, ship tracking data displayed a significant uptick in vessels crossing the strait on Saturday, with an analyst at maritime intelligence firm Windward saying it was the busiest since the Strait of Hormuz was effectively closed at the beginning of the war.
#Iran #Strait of Hormuz #OPEC
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Politics Apr 18, 2026

US Threatens Military Action Against Iran if Nuclear Deal Fails

US President Donald Trump warns that the US will resume military action against Iran if a nuclear d…
US President Donald Trump has issued a stern warning that the United States will resume military action against Iran if a nuclear deal is not reached. Speaking in a recent statement, Trump emphasized that the US will 'start dropping bombs again' if diplomatic efforts fail to produce a satisfactory agreement.The statement comes amid ongoing tensions between the US and Iran over the country's nuclear program. Trump's comments have sparked concerns about a potential escalation of conflict in the region.The US has been engaged in diplomatic efforts to revive the Iran nuclear deal, which was withdrawn from by the Trump administration in 2018. The deal, also known as the Joint Comprehensive Plan of Action (JCPOA), aimed to limit Iran's nuclear activities in exchange for relief from economic sanctions.Trump's warning has heightened concerns about a potential military conflict in the region, with many countries and international organizations calling for a peaceful resolution to the crisis.
#United States #Donald Trump #Iran
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Politics Apr 18, 2026

Pope Leo XIV Embarks on Historic Angola Visit Amidst Rising Tensions with Trump

Pope Leo XIV begins his third leg of an African tour in Angola, amid escalating tensions with US Pr…
Pope Leo XIV has arrived in Angola, marking the third leg of his landmark African tour. The visit comes at a time of heightened tensions with US President Donald Trump, who has publicly criticized the Pope's stance on various issues, including the Middle East conflict. The Pope's visit to Angola is significant, as he is the third pontiff to do so, following John Paul II in 1992 and Benedict XVI in 2009. During his stay, he is expected to meet with Angola's President Joao Lourenco and deliver a speech to the nation, where approximately 44 percent of the population identifies as Catholic. The Pope's message of world peace and his warnings against corruption and exploitation are likely to resonate deeply in Angola, a country that emerged from a 27-year civil war in 2002. About one-third of Angola's population lives below the poverty line, despite the country's vast fossil fuel reserves. Throughout his Africa visit, Pope Leo has been vocal about his concerns regarding corruption, the exploitation of resources, and the dangers of artificial intelligence. His statements have drawn attention and sparked discussions globally, particularly in the context of his public disagreements with President Trump. The clash between the Pope and Trump escalated when Trump called the Pope 'weak on crime' and 'terrible for foreign policy'. The Pope responded by stating he was not afraid of Trump and would continue to speak out against war. This public exchange marks a rare instance of a pontiff and a sitting US president engaging in a public dispute. During his visit, the Pope will also celebrate an open-air Mass in Kilamba and travel to Muxima and Saurimo for further engagements. His 18,000km African tour will conclude in Equatorial Guinea.
#Pope Leo XIV #Angola #Donald Trump
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Politics Apr 18, 2026

Iran-US Conflict Escalates: Key Developments on Day 50

The conflict between Iran and the US has reached day 50, with tensions persisting around the Strait…
The Iran-US conflict has entered its 50th day, with escalating tensions around the strategic Strait of Hormuz. Iranian officials have rejected claims by US President Donald Trump on the state of negotiations, highlighting deep contradictions in messaging.Despite this, Trump has stated there are no 'sticking points' left for a deal, while insisting the blockade will remain until any agreement is '100 percent complete'. Iran's Foreign Minister Abbas Araghchi said the Strait of Hormuz remains fully open to commercial vessels, subject to conditions.Key developments in the region include:Enriched uranium dispute: Iran's foreign ministry says its enriched uranium stockpile will not be transferred 'anywhere', rejecting claims by Trump that Tehran had agreed to hand it over.Hormuz fees plan: Iran said it will not impose 'traditional' transit fees in the Strait of Hormuz, but is drafting a law to charge ship owners for 'securing the strait'.Lebanon-Israel 'agreements': President Joseph Aoun says Lebanon is nearing a 'new phase' of lasting deals after the ceasefire and is no longer 'an arena for others' wars'.France, UK Hormuz mission: France and Britain will lead a multinational effort to safeguard freedom of navigation in the Strait of Hormuz 'as soon as conditions allow,' British Prime Minister Keir Starmer said.The conflict has also had significant economic impacts, with oil prices falling and stocks soaring after Iran announced the reopening of the Strait of Hormuz. The global economy is closely watching the developments, as the situation remains fragile and unpredictable.
#Iran #United States #Donald Trump
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Video Apr 18, 2026

Iran Denies Trump's Assertion of a Nuclear Surrender Agreement

Iranian officials have rejected former President Donald Trump's claim that a deal was reached to ha…
Iranian authorities have dismissed former U.S. President Donald Trump's statement alleging the existence of a deal to surrender nuclear material stockpiles. In a brief statement, Tehran's foreign ministry clarified that no such agreement has been negotiated or signed, countering the former president's public remarks.The rejection underscores ongoing tensions between Tehran and Washington over the country's nuclear program, a subject that continues to dominate diplomatic discourse. While Trump suggested progress toward a disarmament arrangement, Iranian officials stressed that any claims of a finalized deal are unfounded and do not reflect the current state of negotiations.Analysts note that the divergence in narratives may further complicate efforts to revive the 2015 Joint Comprehensive Plan of Action (JCPOA) or any future framework aimed at limiting Iran's nuclear capabilities. The Iranian response serves as a reminder that official channels and verified agreements remain the only credible basis for assessing nuclear non‑proliferation developments.
#iran #rejects #trump
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Video Apr 18, 2026

Donald Trump hails Gulf states for "tremendous" support in recent remarks

Former President Donald Trump publicly thanked Gulf nations for their backing, labeling it "tremend…
In a recent statement, former U.S. President Donald Trump expressed gratitude toward the Gulf states, describing their backing as "tremendous". The remarks, reported by Al Jazeera on April 18, 2026, highlight the ongoing diplomatic ties and mutual interests linking Washington with the Gulf Cooperation Council nations. While no specific policy details were disclosed, Trump’s acknowledgment signals an intent to maintain a positive rapport with the region’s leaders.
#trump #thanks #gulf
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Politics Apr 18, 2026

Macron Seeks Security Guarantees After Iran Reopens Strategic Strait of Hormuz

French President Emmanuel Macron has called for assurances from Iran following the reopening of the…
French President Emmanuel Macron has publicly demanded security assurances from Tehran after Iran announced the reopening of the Strait of Hormuz. The strategic waterway, through which a significant share of the world’s oil passes, has long been a focal point of geopolitical tension. Macron’s request underscores France’s concern for the safety of maritime traffic and the stability of global energy markets. While details of the assurances sought were not disclosed, the French leader emphasized the need for clear guarantees that the reopening will not jeopardize navigation or exacerbate regional volatility.
#Emmanuel Macron #Iran #Strait of Hormuz
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News Apr 18, 2026

Trump Seeks $10bn Lawsuit Resolution with IRS, Raising Conflict of Interest Concerns

President Donald Trump's lawyers are seeking a resolution with the Department of Justice over a $10…
President Donald Trump's lawyers have filed a court document seeking a 90-day pause in a $10bn lawsuit against the Internal Revenue Service (IRS) to explore a potential settlement. The move has sparked concerns about a conflict of interest, as Trump controls both the executive branch and the Department of Justice, which will be involved in the settlement negotiations. The lawsuit stems from the unauthorized release of Trump's tax returns in 2020, which were leaked by a former IRS contractor. Trump's lawyers claim that the release of the tax returns caused him, his businesses, and his sons "significant and irreparable harm", including reputational and financial damage. However, experts have questioned the validity of the lawsuit, citing flaws in the calculation of damages and the statute of limitations. They also argue that the lawsuit represents a conflict of interest, as Trump is essentially negotiating with his own administration for a payout. The $10bn sum sought by Trump is based on media references to his leaked tax returns, which experts say is not a valid formula for damages. Additionally, the lawsuit contends that Trump did not discover the unauthorized disclosures until January 2024, despite posting about the issue on social media in 2020. Government watchdogs have attempted to stop a settlement from unfolding, arguing that it would threaten the integrity of the justice system and the important taxpayer and privacy protections at the heart of this case. The Emoluments Clause in the US Constitution also prohibits the president from profiting off his position, apart from his salary. Trump has justified the sum by saying it would be donated to charity, but legal experts argue that this could still run afoul of the Emoluments Clause. The case has raised significant concerns about the potential for abuse of power and the integrity of the justice system.
#trump #lawsuit #his
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Politics Apr 18, 2026

Peru’s Electoral Authority Faces Calls for Resignation Amid Ballot‑Count Delays and Run‑off Uncertainty

Intensifying criticism of Peru’s National Office of Electoral Processes chief Piero Corvetto follow…
Pressure is mounting for the removal of Piero Corvetto, head of Peru’s National Office of Electoral Processes (ONPE), as the country grapples with a protracted presidential ballot count and accusations of procedural flaws.The general election took place on Sunday, but officials extended voting by a day to address distribution problems, a move that has since fueled claims of irregularities.With 93.3% of votes tallied, the race for second place remains razor‑thin: left‑leaning candidate Roberto Sanchez holds 12.0% of the vote, while ultraconservative former Lima mayor Rafael Lopez Aliaga trails closely at 11.9%, a margin of roughly 13,000 votes. Conservative frontrunner Keiko Fujimori leads with 17%, positioning her for the June 7 run‑off.ONPE reports that about 5% of ballots have been set aside for further scrutiny due to missing information or recording errors. These votes will be examined by a special electoral jury before being incorporated into the final totals, a process that could extend the certification period to up to two weeks, according to local monitor Transparencia.Business leaders and legislators across the political spectrum have publicly urged Corvetto to step aside, arguing that a fresh overseer is needed to ensure credibility for the second round. “Errors of this magnitude have real consequences,” said Jorge Zapata, head of the business chamber CONFIEP, in an interview with RPP radio.Corvetto acknowledged logistical setbacks that necessitated the one‑day voting extension, particularly in Lima, but denied any fraudulent activity. Nonetheless, the National Jury of Elections—a top electoral court—has lodged a criminal complaint against him, citing possible violations of voting rights.Further controversy erupted after police discovered election materials from four polling stations on a public road in Lima; ONPE confirmed that votes from those stations had already been logged for counting.European Union election observers, however, reported no evidence of fraud during their monitoring mission, adding a nuanced perspective to the domestic turmoil.
#Peru #National Office of Electoral Processes #Piero Corvetto
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