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Economy Apr 09, 2026

Global Energy Crisis Deepens: Turkey's Energy Minister Warns of 'Mother of All Crises'

Turkey's Energy Minister Alparslan Bayraktar warns that the current global energy crisis is 'the mo…
The global energy crisis has been labeled 'the mother of all crises' by Turkish Energy Minister Alparslan Bayraktar, as tensions in the Strait of Hormuz continue to escalate. The crisis, sparked by Iran's retaliatory blocking of the strait, has significant implications for global energy supplies and security.Bayraktar, in an exclusive interview with Al Jazeera Arabic, highlighted the importance of diversifying energy routes to mitigate the impact of such crises. He noted that Turkey, with its strategic location between Asia and Europe, has become a pivotal country in the region, hosting key pipelines such as the 'Blue Stream' and 'TurkStream'.The minister emphasized that Turkey is well-suited to weather the crisis, with sufficient strategic energy reserves, including gas storage facilities that are 72 percent full, compared to Europe's 28 percent. However, he warned that rising oil and gas prices still burden the state budget, with an increase of $1 per barrel costing Ankara approximately $400 million.Bayraktar also discussed the potential for a new energy architecture to emerge, driven by the need for diversification. He proposed several projects, including the transportation of Turkmen gas across the Caspian Sea to Turkey and Europe, extending the Iraq-Turkey oil pipeline to reach Basra, and constructing a natural gas pipeline from Qatar to Turkey.The crisis has significant economic implications, with oil prices potentially rising to $200 per barrel in a worst-case scenario, which could lead to another global recession. Bayraktar stressed the importance of a lasting peace in the region to stabilize energy markets and prevent further economic damage.
#Alparslan Bayraktar #Turkey #Strait of Hormuz
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Politics Apr 09, 2026

Israel's Lebanon Attacks Threaten US-Iran Ceasefire

Israel's recent air attacks on Lebanon have killed over 250 people, jeopardizing the fragile US-Ira…
Israel's wave of air attacks on Lebanon has resulted in a significant escalation of violence, with over 250 people killed and 1,165 wounded. The attacks, which occurred just hours after the announcement of a two-week US-Iran ceasefire, have raised concerns about the fragility of the agreement.The Israeli military claimed it was targeting Hezbollah's military infrastructure, but Lebanese officials and aid groups reported that entire neighborhoods were devastated, with hospitals overwhelmed and emergency services struggling to cope. The United Nations described the casualty figures as 'appalling', with its human rights chief Volker Turk calling the destruction 'horrific'.The attacks have exposed major disagreements over the scope of the ceasefire, with the US and Israel claiming it excludes Lebanon, while Iran and Pakistan argue it includes the country. Pakistani Prime Minister Shehbaz Sharif, whose government helped broker the deal, stated that the ceasefire deal included the halting of attacks on all fronts, specifically mentioning Lebanon.The continuation of Israeli attacks in Lebanon poses a significant threat to the prospects for the ceasefire between the US and Iran. Analysts warn that if Hezbollah continues to be targeted while attacks on Iran remain paused, Tehran could lose both its leverage and credibility within its network of resistance groups.International reaction has largely focused on condemning the scale of the Israeli attacks on Lebanon and calling for Lebanon's inclusion in the ceasefire. Several countries, including Qatar, Egypt, and Turkey, described the attacks as a 'dangerous escalation' and urged the international community to act.
#Israel #Lebanon #United States
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News Apr 09, 2026

Lebanon Mourns After Deadly Israeli Attacks Amid US-Iran Ceasefire

Lebanon declares a national day of mourning after Israeli attacks kill at least 254 people and inju…
Lebanon has declared a national day of mourning following a devastating wave of Israeli attacks that killed at least 254 people and injured over 1,165 in a single day. Prime Minister Nawaf Salam has mobilized 'all of Lebanon's political and diplomatic resources to stop the Israeli killing machine.'Israeli Prime Minister Benjamin Netanyahu stated that Lebanon is not part of the ceasefire between the US and Iran, a position echoed by US Vice President JD Vance, who said, 'We never made that promise.'Pakistani Prime Minister Shehbaz Sharif, who mediated the ceasefire, claimed the deal included a pause in fighting in Lebanon. However, Iran's Foreign Minister Abbas Araghchi warned that Washington must choose between a ceasefire or 'continued war via Israel,' emphasizing that it 'cannot have both.'Iranian President Masoud Pezeshkian said a halt to Israeli attacks in Lebanon was a key condition of Iran's 10-point plan for securing an end to the Middle East war. However, a US official stated that Iran's published ceasefire plan is not the same set of conditions agreed on by the White House.US Vice President JD Vance will lead the country's delegation for talks with Iran in Pakistan, while French President Emmanuel Macron has urged that Lebanon be included in the ceasefire as the 'best path to peace.'The conflict has also affected the Gulf region, with Kuwait, UAE, Qatar, Saudi Arabia, and Bahrain reporting damage and disruptions from Iranian strikes. The situation remains volatile, with Israel's Prime Minister Netanyahu stating that Israel is prepared to 'return to battle' if necessary.
#lebanon #israel #iran
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News Apr 09, 2026

Iran Ceasefire Brings Relief to Tehran Amidst Ongoing Tensions

A two-week ceasefire between Iran and the US, mediated by Pakistan, has brought partial relief to T…
Residents of Tehran and much of Iran are breathing a sigh of relief after a two-week ceasefire was announced, bringing an end to daily bombardments. The ceasefire, agreed upon by Iran and the US with mediation from Pakistan, has allowed some traffic to return to the streets of the Iranian capital during daylight hours.Despite the temporary reprieve, Tehran remains far from its usual bustling state, having been targeted by several thousand munitions since February 28. The Iranian capital is home to more than 10 million people. Air defence systems were activated for short periods several times since the ceasefire was announced overnight, but there were no reports of impacts or any official explanation for the activations.People across Tehran are debating whether the ceasefire will hold and what the future may hold for them. A young man noted, “Looks like the ceasefire will continue. I heard the Israelis are opening up their airspace more,” referring to an announcement by Israeli authorities that flights will resume from Ben Gurion Airport.However, others are more pessimistic, especially after two critical islands off southern Iran were attacked on Wednesday morning, hitting oil facilities. It is unclear who was behind the attack. The Islamic Revolutionary Guard Corps (IRGC) said it shot down a drone in the southern province of Fars.Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, and Bahrain also reported attacks on their territories by missiles and drones from Iran, with Iranian state television confirming this was in retaliation for the post-ceasefire oil attacks. Tehran said it was ready to restart military operations if attacked again.On Tuesday, Iranians had been worried about the targeting of critical civilian infrastructure, such as power plants and bridges, after a threat from US President Donald Trump to end “civilisation” in a country with one of the world’s oldest civilisations. The ceasefire was announced shortly before the midnight GMT deadline that Trump had set for an agreement to be reached.The Israeli military intensified its attacks in the hours preceding the ceasefire, hitting electricity outposts, bridges, and the railway network. Warplanes also struck the Iranian Aluminium Company in Arak, damaging the country’s largest aluminium production facility.Even after the ceasefire, Israel continued attacking Lebanon, killing more than 250 people in a devastating day of attacks on Wednesday. Israel said it was targeting Iran’s ally Hezbollah, but civilian locations across Lebanon were hit.Trump hailed what he described as a decisive victory against Iran while announcing the ceasefire, but his top general emphasised that the deal only signifies a pause and combat operations could start once again if no final deal is reached. The US military said it struck 13,000 targets across Iran in less than six weeks of war.In Iran, similar proclamations of victory and celebrations were broadcast from Iranian state television. A statement from the Supreme National Security Council urged supporters of the government to trust in the system and refrain from making “divisive commentary”.The council also stressed that affairs were being overseen by Mojtaba Khamenei, who was declared Iran’s supreme leader after his father, Ayatollah Ali Khamenei, was killed on the first day of the war on February 28.
#iran #israel #ceasefire
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Politics Apr 09, 2026

Global Outrage: Israel's 'Brutal' Attacks on Lebanon Spark International Condemnation

Israeli forces launched a devastating bombardment across Lebanon, killing hundreds and wounding tho…
Israeli forces have carried out a devastating bombardment across Lebanon, killing at least 254 people and wounding 1,165 others in air strikes that targeted areas in Beirut, the Bekaa Valley, Mount Lebanon, Sidon, and several villages in southern Lebanon.The Israeli military said that the attack was its largest coordinated assault on Lebanon since it started a new military operation in the country on March 2, “targeting more than 100 Hezbollah command centres and military sites”.The attacks have sparked widespread international condemnation, with leaders from around the world calling for an end to the violence. Lebanon’s Parliament Speaker Nabih Berri called the attacks a “full-fledged war crime,” while Hezbollah said it had a “right” to respond to the attacks.International Reactions:• Iran: The Iranian Revolutionary Guard Corps (IRGC) warned that it will respond to the attacks on Lebanon if Israel does not stop the assault.• US: President Donald Trump said Lebanon was not part of the ceasefire deal with Iran due to Hezbollah.• Qatar: The foreign ministry condemned the “brutal series” of Israeli attacks on Lebanon, calling them a “dangerous escalation and a flagrant violation of the sovereignty of the sister Lebanese Republic.”• Egypt: The Ministry of Foreign Affairs called Israel’s attacks on Lebanon had a “premeditated intent” to undermine regional and international efforts to reduce escalation.• UN: The United Nations strongly condemned the strikes by Israel across Lebanon that resulted in significant civilian casualties.
#Israel #Lebanon #United Nations
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Politics Apr 08, 2026

Iran War Oil Crisis Far from Over Despite Ceasefire

The Iran war oil crisis is far from over despite a two-week ceasefire between the US and Iran. The …
The recent ceasefire between the United States and Iran may provide temporary relief, but the oil crisis triggered by their conflict is far from over. After 40 days of fighting, the two nations agreed to a two-week ceasefire, with negotiations set to begin in Pakistan's capital, Islamabad.One of the key points in Iran's 10-point proposal is allowing shipping to resume through the Strait of Hormuz, a critical waterway through which 20 percent of the world's oil and gas is shipped during peacetime. The strait has been effectively closed since the start of the war, causing global oil and gas prices to soar.Following the announcement, oil prices dropped to $92 on Wednesday, down from over $110 for much of the war. However, delays in restarting production and transport mean the energy crisis is far from over. For ships to continue operating, they need certainty about security during the next two weeks of the ceasefire.Even with the waterway reopened, it will take weeks for large oil tankers – now scattered thousands of miles away – to return to the Gulf to collect the millions of barrels sitting in large reservoirs. With very few tankers able to load or unload and their onshore storage full, producers began shutting wells, causing regional oil output to plummet despite efforts to reroute limited volumes via overland pipelines.Economists warn that the true impact on grocery bills will likely persist throughout 2026 and into 2027. Additionally, it will take years for the Gulf energy industry to repair facilities damaged or destroyed during the war.Shipping data shows that combined exports from Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates fell from 469 million barrels in February to 263 million barrels in March – a decline of 206 million barrels, or 44 percent. Iraq's crude exports have been hit the hardest, falling 82 percent from 94m barrels in February to 17m in March.The 206 million barrels of Gulf oil lost since the start of the war would fill approximately 103 Very Large Crude Carriers (VLCCs), the workhorse supertankers of the global energy trade. A single VLCC stretches nearly 330 metres (1,080 feet) in length, nearly the same height as the Eiffel Tower in Paris.To put that in more practical terms, if you drove a pick-up truck that averages 24 miles per gallon (or 10 litres per 100km), one barrel of crude oil would carry you about 730km or 450 miles. That is about the distance from New York City to Cleveland, Ohio.For much of the war, oil has traded above $100 per barrel, hitting a peak of nearly $128 on April 2. The value of 206 million lost export barrels at various oil prices is significant, with Brent crude being the global benchmark.
#Iran #United States #OPEC
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News Apr 08, 2026

Trump‑Backed US‑Iran Ceasefire Averts Escalation Hours Before Threatened ‘Stone Age’ Attack

In the final hours before a self‑imposed deadline, US President Donald Trump shifted from apocalypt…
As the clock ticked down to President Donald Trump’s 8 p.m. deadline to force the reopening of the Strait of Hormuz, the six‑week Middle East conflict teetered on the brink of a far more devastating escalation.Trump’s rhetoric had escalated dramatically, with his Truth Social posts warning that the United States would unleash strikes capable of “decimating every bridge and power plant in Iran” and that “a whole civilisation will die tonight.” Legal experts labeled the language as bordering on a genocidal threat.Amid the rising tension, a series of rapid developments unfolded on Tuesday:12:06 GMT – Trump announced a plan to target Iran’s civilian infrastructure, promising total destruction of bridges and power facilities.15:21 GMT – Iranian media confirmed that US strikes hit Kharg Island, the nation’s primary oil‑export hub, but reported no significant damage.15:40 GMT – In the UN Security Council, China and Russia vetoed a Bahraini resolution aimed at protecting commercial shipping in the Strait of Hormuz, arguing the draft was biased against Tehran.16:54 GMT – Qatar’s defence ministry reported a successful missile interception, while the United Arab Emirates warned of a barrage of missile and drone attacks.18:23 GMT – Iran’s envoy to Pakistan, Reza Amiri Moghadam, signalled a “step forward” after a “critical, sensitive stage,” praising Pakistan’s “positive and productive” peace efforts.19:17 GMT – Pakistani Prime Minister Shehbaz Sharif appealed to Trump to extend the deadline by two weeks, urging Tehran to keep the Strait open as a goodwill gesture.20:25 GMT – Iran warned it would target US and Gulf‑allied energy infrastructure, threatening to block regional oil and gas supplies for years.20:41 GMT – Joint US‑Israeli airstrikes struck the Amirkabir Petrochemical Plant in Mahshahr, Iran, prompting local assessments of damage.With less than ninety minutes remaining, diplomatic channels intensified. Pakistani officials, including the military chief Asim Munir, facilitated talks that culminated in a two‑week, double‑sided cease‑fire announced by Trump at 22:45 GMT. The United States claimed to have received a “workable” 10‑point proposal from Tehran.Iranian Foreign Minister Abbas Araghchi quickly confirmed the truce, stating Iran would honor it provided attacks on its territory ceased. Sharif then invited both Iranian and US delegations to Islamabad for further negotiations aimed at a permanent settlement.Early Wednesday, Trump’s tone shifted dramatically. In a Truth Social post he hailed the cease‑fire as a potential “Golden Age for the Middle East,” celebrating the pause in hostilities and the reopening of the Strait of Hormuz.The episode underscores how last‑minute diplomacy, spearheaded by Pakistan, averted a catastrophic escalation and opened a narrow window for a broader peace process in a region long mired in conflict.
#iran #pakistan #china
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Sports Apr 08, 2026

Doha Diamond League Postponed Due to Middle East Tensions

The Doha Diamond League, set to be the season-opening event for the 2026 Wanda Diamond League, has …
World Athletics has announced the postponement of the Doha Diamond League, citing concerns for athlete and spectator safety as the US-Israel war on Iran continues to impact the Middle East. The event, originally scheduled for May 8, has been rescheduled for June 19, pending a favorable safety and security situation in the region.The decision to postpone the event was made in the interest of ensuring a safe and secure competition for athletes, media, and spectators. World Athletics has been closely monitoring the situation in Doha and working with local organizers, Qatari authorities, and other stakeholders to assess the risks.The escalating tensions in the Middle East, including missile and drone attacks on Gulf states, have prompted the postponement. Despite a two-week ceasefire deal between Iran and the United States, mediated by Pakistan, the region remains volatile.The Doha Diamond League will now take place at the Khalifa International Stadium, a temperature-regulated venue with air cooling vents, which previously hosted the World Athletics Championships in 2019 and the FIFA World Cup 2022.The event is part of the 2026 Wanda Diamond League season, which will begin in Shanghai on May 16 and conclude with the Diamond League final in Brussels on September 5. The Doha meeting will be the eighth leg of the season, falling between the Bislett Games in Oslo on June 10 and the Meeting de Paris on June 28.
#Doha #Wanda Diamond League #US-Israel war
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News Apr 08, 2026

Middle East Leaders Praise US‑Iran Two‑Week Ceasefire, Urge Opening of Strait of Hormuz and Sustainable Peace

The United States and Iran have agreed to a two‑week ceasefire that includes safe passage through t…
Iran and the United States announced a two‑week ceasefire that will also guarantee safe navigation through the strategically vital Strait of Hormuz, a chokepoint through which roughly 20% of the world’s oil supply moves.The pause comes as the conflict entered its 40th day, with hopes now fixed on a diplomatic breakthrough during talks scheduled to begin in Pakistan on Friday.President Donald Trump declared that the truce would be activated once Tehran fully reopened the waterway, linking the cessation of hostilities to the restoration of a critical global supply route.Celebrations erupted across Iran, and numerous world leaders publicly welcomed the development, describing it as a step toward broader regional stability.The fighting, which has drawn in virtually the entire Middle East, saw Iran claim to target U.S. assets in several Gulf Cooperation Council (GCC) states, while Gulf nations accused Tehran of striking civilian infrastructure.Hezbollah’s March 2 attacks on Israel pulled Lebanon into the war, and although Israel has signaled support for the ceasefire, it warned that the agreement does not extend to Lebanon.Against this backdrop, Gulf and neighboring states have issued statements outlining their positions on the ceasefire:Saudi Arabia welcomed the truce, urging an immediate end to regional attacks and calling for the Strait of Hormuz to be reopened, emphasizing that the ceasefire should lead to a “comprehensive sustainable pacification.”Qatar described the ceasefire as an “initial step toward de‑escalation,” stressing the need for rapid implementation, full adherence by Iran, and the protection of maritime security and international trade under international law.United Arab Emirates diplomatic adviser Anwar Gargash hailed the outcome as a victory for a war the UAE sought to avoid, claiming the nation now possesses greater leverage and capacity to shape regional affairs.Oman expressed appreciation for Pakistan’s mediation and called for intensified efforts to address the root causes of the conflict, aiming for a permanent end to hostilities.Iraq welcomed the ceasefire but urged the United States and Iran to launch “serious and sustainable dialogue” that tackles underlying disputes and rebuilds mutual trust.Egypt framed the truce as a crucial opportunity for negotiations, diplomacy, and dialogue, insisting that any lasting peace must respect freedom of navigation and consider the legitimate security concerns of Gulf states.Turkey supported the ceasefire and pledged backing for the upcoming Islamabad talks, emphasizing the importance of full ground‑level implementation and strict adherence by all parties.Sudan called the two‑week pause a “positive step toward de‑escalation,” highlighting its potential to foster diplomacy and regional stability.
#iran #qatar #oman
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