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World Economy Apr 10, 2026

Saudi Arabia Halts Operations at Energy Sites After Attacks

Saudi Arabia has halted operational activities at several energy facilities following recent attack…
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.
#attacks #saudi #energy
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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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News Apr 09, 2026

Israel's Lebanon Attacks Threaten US-Iran Ceasefire

Israel's recent attacks on Lebanon have raised concerns about the fragility of the US-brokered ceas…
Hours after the US and Iran announced a ceasefire, Israel launched a series of airstrikes on Lebanon, killing hundreds and injuring thousands. The attacks have been widely condemned, with many questioning whether Israel's actions were intended to undermine the ceasefire.The bone of contention lies in whether or not Israel's strikes on Lebanon were included in the ceasefire agreement. Pakistan, which brokered the deal, said they were, while Israel claimed they were not.The US has sided with Israel, with President Donald Trump calling the violence in Lebanon 'a separate skirmish'. However, this stance has been met with criticism from many, including Iran, which has reimposed its blockade of the Strait of Hormuz in response to the attacks.Israel's Prime Minister Benjamin Netanyahu has faced intense political pressure since the US and Iran signed the ceasefire, which had little or no active involvement from Israel. Netanyahu's war aims have not been achieved, angering those who supported the war.Under the terms of the truce, a 10-point peace plan put forward by Iran has been accepted as a starting point for negotiations. However, Israel's attacks on Lebanon have raised concerns about the viability of the ceasefire and the potential for further escalation in the region.Some analysts have accused Israel of trying to prolong the broader war against Iran and collapse any ceasefire prospects. 'Israeli officials will no doubt claim that this was a super sophisticated operation against necessary security targets', but others see it as an attempt to 'act as provocateurs-in-chief'.The attacks have also sparked criticism within Israel, with opposition leaders Yair Lapid and Yair Golan condemning Netanyahu's actions and accusing him of lying about the war aims and outcomes.
#israel #lebanon #iran
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Tech Apr 09, 2026

Amazon CEO Takes Aim at Nvidia, Intel, Starlink and More in Shareholder Letter

In his 2026 annual shareholder letter, Amazon CEO Andy Jassy announced aggressive moves against riv…
Andy Jassy used his 2026 shareholder letter as a platform to signal a multi‑front offensive against the likes of Nvidia, Intel and SpaceX’s Starlink, while laying out a $200 billion capital‑expenditure roadmap that could reshape Amazon’s hardware ambitions.Jassy’s Letter Paints a Bold AI Chip VisionThe CEO framed the narrative as a “new shift” in AI compute, positioning Amazon’s home‑grown Trainium chips as the price‑performance alternative to Nvidia’s dominance. He also highlighted the Graviton CPU’s penetration among the top cloud customers and hinted at future ventures in robotics and satellite broadband (Amazon Leo).Revenue Projections and Chip Capacity NumbersTrainium3 capacity: nearly sold out ahead of launch.Trainium4 capacity: nearly sold out despite being 18 months away.Current Trainium ARR: $20 billion annually.Potential ARR if sold externally: $50 billion.Nvidia 2023 revenue: $215.9 billion.Graviton usage: 98% of the top 1,000 EC2 customers run on it.Two customers requested “all” Graviton capacity for 2026.2026 capex pledge: $200 billion, primarily AWS data centers.Strategic Ripples Across Cloud, CPU, and Satellite MarketsAWS can leverage Trainium to negotiate better pricing with AI‑heavy workloads, challenging Nvidia’s pricing power.Graviton’s market share pressures Intel’s x86 dominance in enterprise cloud environments.Amazon Leo’s early contracts with Delta, AT&T;, Vodafone, NBN and NASA signal a credible challenge to Starlink in the broadband‑satellite arena.Potential robotics spin‑off could monetize data from >1 million warehouse robots, opening a new industrial‑solutions revenue stream.What’s Next for Amazon’s Hardware Ambitions?Expect accelerated rollout of Trainium4 in late 2027, with Amazon courting external chip customers to close the $50 billion ARR gap.Graviton’s dominance may prompt Intel to accelerate its own custom silicon roadmap or pursue strategic partnerships.Amazon Leo’s mid‑2026 launch could force Starlink to lower prices or expand coverage to retain enterprise contracts.Robotics offerings may emerge as a niche SaaS product by 2028, leveraging the massive data lake from warehouse operations.Continued $200 billion capex spending will likely keep AWS as the world’s largest cloud infrastructure provider, but execution risk remains amid a volatile AI‑chip market.
#Amazon #Andy Jassy #Nvidia
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News Apr 09, 2026

US and Iran to Hold Crucial Talks in Pakistan Amid Ongoing Conflict

High-stakes negotiations between the US and Iran are set to take place in Pakistan this weekend, ai…
Pakistan's capital, Islamabad, is preparing to host critical talks between US and Iranian officials this weekend, in a bid to revive a faltering ceasefire and bring an end to the devastating conflict in the Middle East.The negotiations, scheduled to begin on Saturday, will be led by US Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf, with Pakistani officials facilitating the discussions.The talks are taking place against a backdrop of escalating tensions in the region, with Israel's intensified bombing of Lebanon and Iran's attacks on its Gulf neighbors. A two-week ceasefire was agreed upon by both Washington and Tehran, facilitated by Pakistan, but it is already under strain.Key issues on the agenda include Iran's 10-point proposal for peace, which calls for Iranian oversight of the Strait of Hormuz, the withdrawal of US combat forces from the Middle East, and a halt to military operations against allied armed groups. The US has not formally accepted these terms, but President Trump has described the plan as 'workable'.One of the major obstacles to a lasting settlement is Israel's continued aggression in Lebanon, which has resulted in over 200 deaths. Iran has warned that it may abandon the ceasefire if Israeli strikes continue, while the US has insisted that the ceasefire terms do not cover Lebanon.Despite the challenges, analysts believe that a modicum of agreement between the US and Iran on key issues, such as the nuclear issue and the Strait of Hormuz, may be possible. However, Israel's absence from the talks is seen as a significant structural challenge to a lasting settlement.
#talks #pakistan #iran
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Politics Apr 09, 2026

Deadly English Channel Crossing: Four Migrants Die Off French Coast

Four people died attempting to cross the English Channel from France to the UK. The incident occurr…
A tragic incident unfolded early on Thursday off the northern coast of France, near Calais, as four people died while attempting to board an inflatable dinghy to cross the English Channel to the UK. The group of migrants waded into the sea to reach a small boat positioned offshore, but things went wrong, and they struggled in the water.Christian Fourcroy, the mayor of Equihen-Plage, confirmed that two women and two men lost their lives in the incident. A fifth person remains in a critical condition. Emergency services launched a rescue operation along the coastline between Equihen and Ecault, France, and 38 other people were rescued, including one with a medical emergency.The Boulogne prosecutor has opened an investigation into the deaths. This incident is part of a surge in attempted crossings and deaths in recent days. French maritime authorities reported rescuing 102 people in two separate operations on Wednesday while trying to cross the channel. Just last week, two people died in a similar incident off the coast north of Calais.Despite heightened enforcement efforts by France and the UK, 4,776 people crossed the channel between January 1 and April 4 this year, following over 41,000 crossings in 2025. The UK remains a destination for many undocumented migrants due to family ties, language, and the prospect of work. However, the journey is frequently perilous, with overcrowded boats and unpredictable conditions putting lives at risk.The issue has intensified political debate across Europe, with Paris and London seeking to deter crossings through a 'one in, one out' scheme, allowing some migrants to enter the UK legally in exchange for the return of others who arrive by boat. Rights groups argue that such measures fail to address the root causes driving people to risk the journey, emphasizing the need for safer pathways to be created.
#English Channel #Calais #French coast
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World Economy Apr 09, 2026

Iran Unveils Strait of Hormuz Toll Plan Amid Ceasefire – Global Shipping Faces New Uncertainty

Iran has announced a protocol that could impose tolls on vessels transiting the Strait of Hormuz, a…
The strategic Strait of Hormuz, linking the Persian Gulf to the Gulf of Oman, has become the focal point of the Israel‑U.S. war on Iran that began in February. In peacetime the narrow waterway handled about 20% of global oil and liquefied natural gas shipments without any tolls, but the conflict has turned it into a contested zone. After a series of Israeli and U.S. strikes, Iran retaliated by targeting merchant vessels it deemed hostile, effectively shutting the passage and triggering one of the most severe energy‑distribution crises in recent memory. While a two‑week ceasefire, brokered by Pakistan, was declared on Tuesday, Tehran has issued a set of official terms that would govern the strait moving forward. According to Iran’s foreign minister Abbas Araghi, safe passage will be allowed in coordination with the Iranian armed forces and subject to technical limitations. The Islamic Revolutionary Guard Corps (IRGC) has even published a new navigation map that pushes traffic farther north, away from the traditional route near Oman’s coast, citing the risk of anti‑ship mines. Central to Tehran’s 10‑point peace proposal is the idea of charging fees for strait usage. Iranian media report that the plan could levy up to $2 million per vessel—a sum to be shared with Oman—or a charge of $1 per barrel of oil shipped. The revenue would allegedly fund reconstruction of military and civilian infrastructure damaged by the U.S.–Israeli campaign. Oman has publicly rejected any toll scheme, with Transport Minister Said Al‑Maawali reminding that the country has already signed all relevant international maritime transport agreements that prohibit such fees. International law adds another layer of complexity. The United Nations Convention on the Law of the Sea (UNCLOS) prohibits levying charges for mere passage through international straits, allowing fees only for services like navigation assistance or port use. Neither the United States nor Iran have ratified UNCLOS, but the principle remains a benchmark for maritime norms. Analysts suggest a possible workaround: charging for de‑mining and safety services rather than for passage itself, which could be permissible under existing legal frameworks. The proposal has sparked diplomatic pushback. At the United Nations Security Council, Bahrain led a resolution urging coordinated reopening of the strait, backed by Qatar, the UAE, Saudi Arabia, Kuwait, and Jordan. The resolution passed with 11 of 15 votes, but was vetoed by Russia and China, who argued it unfairly targeted Iran and ignored the initial strikes. Beyond the region, the United States is unlikely to accept indefinite tolls. Former President Donald Trump, who announced the ceasefire, warned that U.S. forces would remain in the area and threatened to resume attacks if negotiations faltered. American troops are reportedly “hanging around” to assist with traffic buildup, though the extent of their operational control remains unclear. Maritime analyst C. Uday Bhaskar notes that only three to five ships have traversed the strait since the ceasefire began, underscoring the lingering uncertainty for global shippers. He adds that ship owners facing multi‑million‑dollar losses each day may ultimately acquiesce to Iran’s terms, at least temporarily. Should Iran implement a toll regime, the immediate impact would fall on Gulf oil‑producing nations, but the ripple effects could destabilize global energy markets, already strained by supply shocks. Major powers such as the United Kingdom have been coordinating with a coalition of 40 countries to explore alternative mechanisms for reopening the waterway without conceding to tolls. In sum, Iran’s proposed protocol for the Strait of Hormuz introduces a contentious new variable into an already volatile geopolitical landscape, pitting national security interests against established maritime law and the broader stability of world energy supplies.
#iran #unclos #oman
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News Apr 09, 2026

Al‑Aqsa Mosque Reopens After 40‑Day Ban, Drawing Thousands While West Bank Raids Persist

After a 40‑day closure imposed amid the regional conflict, Israel lifted the ban on Al‑Aqsa Mosque,…
The Al‑Aqsa Mosque compound in occupied East Jerusalem reopened after a 40‑day closure imposed by Israeli authorities.Verified video footage released by Al Jazeera shows crowds streaming through the gates early Thursday, with approximately 3,000 worshippers attending the morning prayers.The ban had been total—or limited to a few dozen faithful—at Christian, Jewish and Muslim sites since the US‑Israeli war on Iran began on February 28. Israel frequently imposes restrictions, especially on Palestinian worshippers.The Islamic Waqf Department in occupied Jerusalem confirmed that the doors of Al‑Aqsa would be opened to all worshippers from dawn; the Jordanian‑affiliated authority managing the site offered no further details.Volunteers and caretakers were seen preparing courtyards and prayer areas to receive the faithful, while Israeli officials announced the simultaneous opening of the Church of the Holy Sepulchre on Wednesday evening.Israeli police attributed the decision to “updated instructions from the Israeli Home Front Command” and highlighted a massive security deployment, with hundreds of police officers and border guards stationed throughout the Old City and surrounding roads to “secure visitors.”Jerusalem’s holy sites have endured strict security measures and repeated closures during the six‑week regional war, curtailing celebrations of Lent, Passover, Ramadan and, for the first time since Israel’s 1967 occupation, Eid al‑Fitr prayers at Al‑Aqsa.The lifting of the ban arrives just in time for Orthodox Christians, who observe Easter on Sunday, a week after Catholic and Protestant celebrations.Continued Raids in the Occupied West BankIsraeli forces continued operations across the occupied West Bank. In Nablus, a woman was detained and a man assaulted during an early‑morning raid, according to the Palestinian news agency Wafa.The Ramallah‑based Palestinian Health Ministry reported that Israeli forces fatally shot 28‑year‑old Alaa Khaled Mohammed Sbeih near the village of Tayasir on Wednesday night; the Israeli military said an off‑duty soldier fired at a stone‑thrower.Wafa added that six young men were detained in Tayasir, while troops stormed homes in Ya’bad, south of Jenin, destroying the contents of three houses. Additional raids hit the villages of Qusra and Awarta, though no arrests were reported there.The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) estimates that more than 1,100 Palestinians have been killed by Israeli forces and settlers in the West Bank since 2023, with at least 10,000 people forcibly displaced.
#israel #ramadan #easter
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Politics Apr 09, 2026

Turkey’s Diplomatic Convoy Slams US and Israel Over ‘Lawless Aggression’

A Turkish diplomatic convoy publicly denounced the United States and Israel, labeling their recent …
A Turkish diplomatic convoy issued a strong statement condemning what it described as “lawless aggression” by the United States and Israel. The condemnation underscores growing tensions in the region and reflects Ankara’s opposition to recent policies pursued by the two countries.In its remarks, the convoy emphasized that such actions undermine international law and threaten regional stability. While specific incidents were not detailed, the language used signals a heightened diplomatic rift between Turkey and its Western allies.The declaration arrives amid broader geopolitical strains, with Turkey increasingly vocal about perceived unilateral moves by the US and Israel. Analysts note that this rhetoric could influence future diplomatic engagements and affect cooperation on security and economic matters.
#Turkey #United States #Israel
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