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World Economy Apr 03, 2026

Iran-Israel Conflict Triggers Sudden LNG Shortage for Pakistan, Turning Surplus into Crisis

The U.S.-Israel strike campaign against Iran and the ensuing retaliation have crippled Qatar's LNG …
At the start of 2026 Pakistan was sitting on a surplus of imported liquefied natural gas (LNG). Three consecutive years of falling demand – from a peak of 8.2 million tonnes in 2021 to 6.1 million tonnes by late 2025 – were driven by cheap solar panels and reduced industrial activity. The government responded by quietly selling excess cargoes abroad and shutting down domestic wells to avoid over‑pressurising pipelines. Any gas that could not be diverted would have been pushed into household networks at a loss, adding billions to the sector’s crippling debt. Everything changed on 28 February when the United States and Israel launched the "Epic Fury" operation against Iran. The strikes killed Supreme Leader Ali Khamenei and targeted missile sites, air defences and military infrastructure. Iran retaliated with hundreds of missiles and drones, choking traffic through the Strait of Hormuz – a chokepoint for roughly 20 % of global oil and gas. As part of its retaliation, Iranian drones hit Qatar’s Ras Laffan Industrial City on 2 March, the world’s largest LNG export hub. Qatar, the second‑largest LNG exporter after the United States, declared force majeure and halted all production, releasing it from contractual delivery obligations. The fallout was immediate. Qatar’s forced shutdown cut its LNG output by 17 % and disrupted the supply chain that fuels Pakistan, which sources almost all of its imported gas from Qatar and the United Arab Emirates. Pakistan’s LNG arrivals plummeted from 12 shipments in January to just two in March. Monthly cargo data from the Oil and Gas Regulatory Authority (OGRA) show that the country received between eight and twelve shipments a month through 2025, but only two arrived after the conflict began. Price pressure followed. On 13 February state‑owned Pakistan State Oil and Pakistan LNG Limited bought eight cargoes at an average of $10.47 per MMBtu (totaling $257.1 million). By 12 March the two cargoes that did arrive cost $12.49 per MMBtu – a 19 % increase in just one month. Long‑term contracts have left Pakistan with little flexibility. Two government‑to‑government agreements with Qatar, spanning 15 and 10 years, commit the country to nine shipments a month. Even as domestic demand fell – LNG’s share of Asian markets dropped from ~30 % in 2020 to ~18 % in 2025 – the contracts remained binding. Solarisation has been a double‑edged sword. By 2025 Pakistan installed 34 GW of solar capacity, with about 25 GW feeding the national grid, driving an 11 % decline in overall electricity demand between 2022 and 2025. Gas‑fired power plants built for imported LNG are now under‑utilised, especially during daylight hours. Analysts warn that the surplus was predictable. “Pakistan’s energy planning has been locked into long‑term contracts with little room for adjustment,” says Haneea Isaad of the Institute for Energy Economics and Financial Analysis (IEEFA). The resulting circular debt now stands at 3.3 trillion rupees (≈ $11 billion), and the government is negotiating to off‑load 177 unwanted shipments worth $5.6 billion through 2031. With Qatar’s LNG shipments effectively halted, the country faces a potential shortfall of more than 21 % of its power generation capacity. The National Electric Power Regulatory Authority confirmed that LNG supplies are under force majeure, while coal imports from South Africa and Indonesia continue. To mitigate the gap, Pakistan is reviving domestic gas production that had been throttled during the surplus period. Roughly 350–400 million cubic feet per day of domestic gas were previously held back for LNG imports, now being released to the grid. Nevertheless, analysts caution that even with restored domestic gas, imported coal and hydropower, “the energy shortage may persist, especially during the peak summer months.” Summer pressure is already building. The State of Industry Report 2025 recorded peak electricity demand of over 33,000 MW last summer, while winter demand sits around 15,000 MW, helped by solar generation of 9,000–10,000 MW daily. Furnace oil, the primary backup fuel, now costs 35 rupees per unit (≈ $0.12), more than double since the Strait of Hormuz disruption. Consumers with grid electricity face higher bills and possible outages; industrial users reliant on gas risk production cuts; those equipped with rooftop solar and battery storage are best insulated. “Returning to the spot market is unlikely given Pakistan’s dire financial position, and competing with wealthier nations would price the country out,” Isaad warns. “The realistic outcome may be planned load‑shedding of two to three hours daily.”
#pakistan #lng #qatarenergy
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News Apr 03, 2026

Trump vows to target Iranian bridges and power plants as conflict widens, sparking Tehran's condemnation and regional retaliation threats

President Trump warned of new strikes on Iranian bridges and electric power facilities after a dead…
President Donald Trump escalated rhetoric on Thursday, stating that the United States has yet to begin a full‑scale campaign against Iran’s remaining infrastructure and hinting that bridges and electric power plants could be next targets. The comment followed the release of video showing a U.S. strike on the newly completed B1 bridge that connects Tehran to Karaj, an attack that Iran reports killed eight people and injured 95. Iranian Foreign Minister Abbas Araghchi condemned the strike on civilian infrastructure, describing it as evidence of the “defeat and moral collapse” of the aggressor. In a statement posted on X, he warned that such attacks would not force Iran to surrender. The conflict, now entering its fifth week, has begun to ripple through regional and global markets. Instability around the Strait of Hormuz—a vital conduit for oil and gas—has prompted nations to scramble for alternative shipping routes. Satellite images this week captured smoke over Iran’s Qeshm Island, underscoring the heightened risk to infrastructure near the strategic waterway. Amid stalled negotiations with Iran’s new leadership, Trump’s intensified language comes as the United Nations Security Council prepares to vote on a resolution that could authorize member states to use “defensive means” to keep the strait open. Araghchi warned that any provocative action in the Council would only worsen the situation. Iranian media have begun listing potential retaliation targets, naming major bridges in Kuwait, Saudi Arabia, the United Arab Emirates and Jordan as possible future strike points. The semi‑official Fars News Agency highlighted these crossings as vulnerable following the Karaj bridge attack. The Islamic Revolutionary Guard Corps (IRGC) claimed responsibility for recent strikes on U.S.-linked industrial sites in the Gulf, including steel facilities in Abu Dhabi and aluminium plants in Bahrain. The IRGC warned that if attacks on Iranian industries continue, “the next response will be much more painful” and will focus on the occupier’s core infrastructure. Health infrastructure has also suffered. Iran’s Health Ministry reported that U.S. and Israeli raids severely damaged the Pasteur Institute of Iran, a key research center for diseases such as cholera and COVID‑19. Ministry spokesperson Hossein Kermanpour called the strike “a direct assault on international health security.” WHO Director‑General Tedros Adhanom Ghebreyesus echoed the condemnation, noting that the institute is now unable to deliver health services. The WHO has documented more than 20 attacks on Iranian healthcare facilities since the start of March. In a separate claim, Iranian officials said air defenses downed a second U.S. F‑35 fighter jet over central Iran, suggesting the pilot’s survival was unlikely. The United States has not responded to the allegation. Israel’s military reported a fresh barrage of Iranian missiles, which triggered air‑defence alerts and caused damage to homes, vehicles, and a train station in Tel Aviv. The widening hostilities, combined with threats to critical energy and health infrastructure, highlight the growing regional volatility and its potential to disrupt global markets.
#iran #israel #irgc
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Tech Apr 03, 2026

Inside Oxford Brookes University's Elite Formula Student Team

Oxford Brookes Racing, a prestigious Formula Student team, is training the next generation of Formu…
At the Oxford Brookes Headington campus, a group of over 100 students are working tirelessly to build the fastest and best-designed race car possible for this year’s Formula Student competition.The Oxford Brookes Racing (OBR) team, the UK’s most prestigious Formula Student team, has won more design awards than any other UK university and frequently secures top spots in the international race held annually at Silverstone.Success in the competition is crucial as it gets the team noticed by the industry, where a handful of engineering jobs can have upwards of 10,000 applicants. Several OBR alumni are currently working in every Formula One team.“A lot of the coverage on TV is based around the drivers, but not really the actual engineers,” said Thomas Cawdery, a team manager and third-year motorsports technology student. “This is what you don’t see in Formula One. The engineers who make it happen.”The OBR team is entirely run by students and operates out of two buildings, where scores of people are working hard – cutting and shaping carbon fibre chassis by hand, and running simulations on computers. Students of all ages are teaching and learning from one another.While actual Formula One cars have much more power than the students are allowed for safety reasons, the complexity of the cars is very similar. “They’re the same if not more complex than Formula One cars,” Cawdery said.The OBR team surpasses industry expectations in some aspects, particularly in terms of gender balance. Unlike most Formula One teams, where only about 10% of engineers are women, OBR has a much better gender balance.Emma Deery, a first-year mechanical engineering student, finds the inclusive environment encouraging. “In the industry, a lot of women find themselves the only woman on their team. Here it’s different. We have a lot more women and a lot of women in leadership roles.”The OBR team will compete for the top spot this summer against 102 other teams from 27 countries. The competition is a useful recruitment tool for big industry names, as it showcases innovative engineering skills.Ross Brawn, the legendary former team principal, once said, “There are two really innovative forms of motorsport left. One of them is Formula One and the other one is Formula Student.”
#Oxford Brookes Racing #Formula Student #Formula One
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Entertainment Apr 03, 2026

Zara Larsson: The Swedish Pop Sensation Taking the Music World by Storm

Swedish pop star Zara Larsson discusses her rise to fame, her album 'Midnight Sun', and her unapolo…
Zara Larsson, the 28-year-old Swedish pop sensation, is taking the music world by storm with her album 'Midnight Sun'. With three songs in the US Hot 100 and fourth biggest female artist on global Spotify, Larsson's career is moving at lightning speed. Larsson's journey to stardom began at 16 with her debut single 'Uncover'. However, it was her zeitgeist-hijacking album 'Midnight Sun' that reinvented her as a rave nymph, blending brash electro-pop and drum’n’bass. The album's success can be attributed to its genuine youthfulness, ultra-fun, and uber-femme vibe, which has resonated with fans worldwide. Larsson's lyrics have the immediacy of a voice note sent to a crush, and she is startlingly frank about her insecurities. Her music is a reflection of her unapologetic camp and accessible twist, making her a standout in the industry. Larsson has always been vocal about sex positivity, women's rights, and her support of Palestine. She declined to perform at Eurovision's halftime show in protest at Israel's inclusion and lost a $3m brand deal after joking about abortion on social media. Despite the challenges of fame, Larsson thrives on attention and sees her current hot streak as an opportunity to build and create. With her deluxe edition of 'Midnight Sun' coming soon, Larsson is set to take the music world by storm.
#Zara Larsson #Midnight Sun #Swedish pop
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Business Apr 03, 2026

Belfast’s Linen Revival: Kindred of Ireland, Royal Backing and Sustainable Farming Redefine the City’s Fashion Identity

A new wave of designers, royal interest and regenerative flax farming is reviving Belfast’s histori…
On a cobbled lane in Belfast’s Cathedral Quarter, the Kindred of Ireland boutique draws shoppers with oversized butter‑yellow linen blouses and Donegal mulberry tweed jackets accented by rose‑pink linen bows, signalling a fresh commercial pulse for a fabric that once defined the city.Linen earned Belfast the nickname “Linenopolis” when, at its height, the industry employed about 40% of Northern Ireland’s workforce. After a post‑war collapse, the trade faded, but today it is re‑emerging as a marker of local identity and sustainable fashion.Designer Amy Anderson, whose grandmother worked as a mill‑hand in Moygashel, says the fibre remains deeply personal for many families. Her modern, Japanese‑inspired silhouettes rely on linen’s natural structure to balance avant‑garde volume with comfort.Reviving a near‑extinct industry is daunting, yet Belfast’s history of turning adversity into opportunity—exemplified by the Titanic Quarter’s tourism boom—has attracted an eclectic coalition of supporters. Among them are former blacksmith Charlie Mallon, who has converted his 150‑year‑old Magherafelt farm into a regenerative flax operation, and fashion heavyweight Sarah Burton, former creative director of Alexander McQueen.Mallon’s restoration of heritage machinery aims to keep flax “field‑to‑fibre” in Ireland, preserving the long fibre length that makes linen less prone to creasing. He contrasts this with most modern linen, which is “cottonised” in China, shortening fibres and increasing wrinkles.Burton’s two‑day field trip to Northern Ireland inspired the spring 2020 Alexander McQueen collection, featuring a beetled linen gown with a pearl‑like sheen that debuted on the Paris runway.In autumn, the Prince and Princess of Wales visited Mallon Farm, expressing a rare interest in sustainable fashion and regenerative agriculture. The Princess, who usually avoids media focus on her wardrobe, asked detailed questions about the Andersons’ brand, underscoring the royal endorsement of Belfast’s textile renaissance.The city’s fashion resurgence is also celebrated at the Ulster Museum’s “Ashes to Fashion” exhibition, which juxtaposes historic silk ballgowns with contemporary pieces by Irish designers, including Kindred of Ireland.Looking ahead, Kindred of Ireland plans a temporary boutique in central London, building on a successful six‑week Mayfair pop‑up that the brand describes as “commercial rocket fuel.” The Andersons note that Northern Irish firms benefit from full access to the UK market while still aligning with certain EU single‑market rules under the Windsor framework, offering a strategic advantage for product‑focused businesses.
#Kindred of Ireland #Belfast Linen Centre #Royal Household
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Culture Apr 03, 2026

DJ Shadow Unveils Rare Mo’Wax Singles Box Set and Calls for Fan Questions Ahead of Launch

DJ Shadow is set to release The Mo’Wax Singles 1993‑1997, an eight‑vinyl box set featuring his earl…
Nearly three decades after the groundbreaking debut Endtroducing….. first hit shelves, DJ Shadow is once again revisiting his back catalogue. Following a celebrated 25th‑anniversary reissue that was remastered at Abbey Road Studios, the Californian producer is preparing a new archival release.In May, Shadow will issue The Mo’Wax Singles 1993‑1997, a meticulously curated box set that compiles eight 12‑inch records of his original singles for James Lavelle’s Mo’Wax label. The collection also includes alternative mixes, brand‑new artwork, and material recovered from dusty DAT tapes and original master mixes.“This box wasn’t made for the casual listener, it was made with the hardcore fan in mind,” Shadow explained in a statement. “I’ve always felt, if something is worth doing, it’s worth doing right, and every step of the process was made with this philosophy firmly in mind.”With the release timed to a period of reflection, Shadow is opening the floor to fans and journalists alike. He invites readers to submit questions about his pioneering sampling techniques, collaborations ranging from Wong Kar‑wai and Zack de la Rocha to Danny Brown and Deftones, and even the infamous Miami Beach show that was halted for being “too future.”Submit your queries in the comments by 6 pm BST on 8 April, and the most compelling answers will be featured in an upcoming issue of Film & Music.
#his #shadow #made
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World Economy Apr 03, 2026

LA Drivers Feel the Pinch as Soaring Gas Prices Hit $8 a Gallon

Rising gas prices in Los Angeles, with some stations charging $8 a gallon, are forcing residents to…
Los Angeles residents are feeling the strain of soaring gas prices, with some stations charging as high as $8 a gallon. The Iran war has created the largest supply disruption in the history of the global oil market, according to the International Energy Agency, contributing to the price surge.For Jack Nooney, a musician and grocery deli employee, the daily commute from his San Fernando Valley apartment to Santa Monica has become a costly affair. To save gas, Nooney has started shifting his manual transmission into neutral and coasting down steep declines on the I-405. He also scouts for the best gas prices and prefers stations near his home.The impact of high gas prices is being felt across various industries. Chris Hardin, a music manager, says his clients are struggling with the increased costs, especially those who rely on touring. Hardin has started taking his motorcycle to work multiple times a week to save fuel.Professional drivers, however, have limited options. Jenise Blanc, owner of LA's Canyon Car Service, is absorbing the increased costs, but may be forced to re-evaluate her pricing strategy if the situation doesn't improve. Electric vehicles are becoming a more viable option, with Blanc's company now leaning into its two electric cars.The rising gas prices are also affecting small businesses, with Blanc noting that it's tough to pass on the increased costs to customers without risking a loss of business. As the situation continues, residents and businesses are looking for ways to adapt and mitigate the impact of high fuel costs.
#his #gas #prices
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Politics Apr 03, 2026

US Senators Accuse Ticketmaster of 'Bait and Switch' After Fee Hike

US senators criticize Ticketmaster for raising ticket fees despite a regulatory crackdown on hidden…
US senators have strongly rebuked Ticketmaster for increasing ticket fees following a regulatory crackdown on hidden charges. This move has been described as a 'bait and switch' tactic, leaving consumers with higher costs.The Federal Trade Commission (FTC) had mandated Ticketmaster to disclose all concert ticket fees upfront, known as all-in pricing, starting last May. In response, the company removed the order processing fee charged at the end of a transaction. However, documents obtained by the Guardian reveal that Ticketmaster simply raised other fees to offset the loss, potentially violating the FTC's ban on misleading fees.Senator Richard Blumenthal from Connecticut expressed his concerns, stating, 'Ticketmaster seems to believe it has a get-out-of-jail-free card to ignore antitrust and consumer protection laws. The FTC is going to have to choose whether to protect consumers and enforce the law, or cave to Ticketmaster lobbyists.'The FTC had sued Ticketmaster and its parent company, Live Nation Entertainment, last September for hiding mandatory fees until the end of the transaction. Ticketmaster claims it complies with the FTC's all-in pricing rules.In response to the criticism, Ticketmaster stated, 'Since May 2025, tickets on Ticketmaster.com have displayed the full price upfront in line with the FTC's all-in pricing rule. We also provide explanations of fees during the purchase process and maintain a dedicated page with additional information.'Senator Elizabeth Warren from Massachusetts also criticized Ticketmaster, saying, 'Too many giant monopolies think the law doesn’t apply to them, and it’s American families who are forced to pay the price.'An ongoing federal trial is examining whether Ticketmaster operates an illegal monopoly in the live music industry. The company denies these allegations.
#Ticketmaster #US Senate #Live Nation
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Entertainment Apr 03, 2026

Acclaimed Television Showrunner Eric Overmyer Dies at 74

Eric Overmyer, a renowned television showrunner and writer, has passed away at the age of 74 due to…
Eric Overmyer, a highly influential figure in the world of television, has died at the age of 74. He succumbed to complications from Parkinson's disease, leaving behind a legacy of groundbreaking work in the industry. Overmyer was best known for his collaborations with David Simon, creator of 'Homicide: Life on the Street', 'The Wire', and 'Treme'. His work on these series, along with 'Bosch', an Amazon Prime series based on Michael Connelly's novels, cemented his reputation as a masterful showrunner. Overmyer's versatility in television was evident in his extensive portfolio, which included roles as a writer and producer on shows like 'St Elsewhere', 'The Slap Maxwell Story', 'The Cosby Mysteries', and 'Law & Order'. His ability to drive complex narratives with sharp dialogue was a hallmark of his work, influenced by his background as a playwright and poet. His best-known play, 'On the Verge', continues to be frequently produced and showcases his unique storytelling style. Overmyer's impact on television was not limited to his own creations; he also worked with other notable writers, including George Pelecanos and Dennis Lehane. Throughout his career, Overmyer remained busy, working on various projects, including the miniseries 'Jacqueline Bouvier Kennedy Onassis' and the series 'The Affair' and 'The Man in the High Castle'. His legacy in the television industry is undeniable, and his contributions will continue to be celebrated by audiences and creators alike.
#Eric Overmyer #The Wire #Homicide: Life on the Street
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