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World Economy Apr 10, 2026

US Trump-era cuts trigger record 23% plunge in OECD development aid for 2025

Preliminary OECD data shows a historic 23% drop in global development assistance for 2025, driven l…
OECD preliminary figures reveal a 23% decline in international development assistance between 2024 and 2025, the steepest annual fall recorded since the organization began tracking aid.The United States was the primary catalyst, with its official development assistance slashing nearly 57% in 2025, a reduction that accounts for roughly three‑quarters of the overall drop.Total aid from the 34 DAC members fell from $214.6 billion to $174.3 billion. American contributions shrank from about $63 billion in 2024 to just under $29 billion the following year, according to the OECD.Other major donors—including Germany, the United Kingdom, Japan and France—also trimmed their budgets, and only eight DAC countries managed to meet or exceed their 2024 levels.The cuts arrive at a time of heightened global economic and food‑security uncertainty, exacerbated by the ongoing US‑Israeli conflict with Iran.OECD official Carsten Staur described the plunge as “deeply concerning,” urging donors to reverse the trend as humanitarian needs surge. Oxfam’s Development Finance Lead Didier Jacobs warned that wealthy governments are “turning their backs on millions of lives in the Global South” by cutting life‑saving aid while funding conflict.Academic research links the U.S. reductions to a rise in armed conflict across Africa, with the Center for Global Development estimating that the cuts could have caused between 500,000 and 1,000,000 excess deaths in 2025. A Lancet analysis warns that continuing the downward trajectory may result in **over 9.4 million additional deaths by 2030**.Under President Trump, the United States has dismantled the U.S. Agency for International Development (USAID) and pursued a handful of bilateral agreements with African nations that tie aid to mineral access and health data. Simultaneously, the administration is seeking a historic $1.5 trillion military budget for FY2027** and between **$80 billion and $200 billion** for the Iran‑Israel war effort.Analysts and NGOs are calling on DAC members to restore aid levels and reinforce the global humanitarian system, which they say faces its most serious crisis in decades.
#oecd #usaid #germany
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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 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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News Apr 09, 2026

Peru's Presidential Election: A Record-Breaking Field of 35 Candidates

Peru is set to elect a new president on April 12, with a record 35 candidates vying for the top spo…
Peru is on the cusp of electing its 10th president in as many years, with a record-breaking field of 35 candidates competing for the top spot. The election, set to take place on April 12, comes as the country grapples with persistent political instability and growing concerns about crime and corruption.The presidential race has been marked by a fragmented electorate, with voters divided among dozens of candidates. Keiko Fujimori, daughter of former right-wing leader Alberto Fujimori, has emerged as a frontrunner, but her approval ratings remain relatively low at around 15 percent.The election also features a bicameral legislature, which was reinstated after a decades-long hiatus. Voters will select candidates to form a Senate for the first time since 1992.Crime and corruption are top-of-mind issues for voters, with 68 percent of Peruvians ranking insecurity as a top concern, followed by corruption at 67 percent. The country's political crisis has also contributed to the uncertainty surrounding the election.The leading candidates include Keiko Fujimori, Carlos Alvarez, Rafael Lopez Aliaga, and Roberto Sanchez Palomino. If no single candidate captures more than 50 percent of the vote, a second round of voting will be held on June 7.
#peru #candidates #his
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Video Apr 09, 2026

Israeli Settlers Enter Al‑Aqsa Mosque Compound After Reopening, Escalating Jerusalem Tensions

On 9 April 2026, Israeli settlers entered the Al‑Aqsa Mosque compound shortly after it was reopened…
On 9 April 2026, a group of Israeli settlers moved into the Al‑Aqsa Mosque compound in Jerusalem shortly after the site was reopened to worshippers. The incursion, reported by Al Jazeera, sparked immediate concern among Palestinian authorities and international observers, who warned that such actions could further inflame long‑standing tensions over the holy site.Witnesses described the settlers as storming the compound, prompting a rapid response from local security forces attempting to restore order. The episode underscores the fragile security environment surrounding the Temple Mount/Haram al‑Sharif area, a flashpoint in the Israeli‑Palestinian conflict.Analysts note that the incident may have broader implications for diplomatic efforts in the region, potentially affecting ongoing negotiations and the stability of the broader Middle East. The event also raises questions about the enforcement of access agreements that govern the sensitive religious site.
#israeli #settlers #storm
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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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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

Al-Aqsa Mosque Sees Record Attempts to Smuggle Animal Sacrifices During Passover

Israeli settlers made a record seven attempts to smuggle animal sacrifices into the Al-Aqsa Mosque …
Israeli settlers have made a record number of attempts to smuggle animal sacrifices into the Al-Aqsa Mosque compound during the Jewish Passover festival. A total of seven incidents were documented, the highest number since the Israeli occupation began in 1967.The attempts took place while the 144-dunum (36-acre) compound, along with the Church of the Holy Sepulchre, was sealed off for 40 consecutive days due to security concerns linked to the US-Israel war on Iran. Despite the restrictions, settlers successfully reached the borders of the Old City with their sacrifices on at least two occasions before being stopped.Experts argue that the incidents are part of a long-term strategy by far-right 'Temple Mount groups' to encroach on Al-Aqsa, with the aim of taking it over. The groups view the sacrificial rituals as highly symbolic, signifying a transition from waiting to actual field action.The Palestinian Authority has warned that the push for animal sacrifices represents the 'peak of weaponising religious rituals as a colonial tool' to Judaise the mosque. Suhail Khalilieh, a political analyst and expert on Jerusalem affairs, described the Israeli police's detention of settlers as a 'theatrical play' designed to absorb local and international anger while allowing gradual changes on the ground.The use of artificial intelligence-generated images has also been employed by settler groups to rally support and normalise the practice of animal sacrifices within Israeli society. Khalilieh warned that this poses a 'real strategic threat', as it shifts the idea from being a limited, fringe concept to a full popular demand.
#Al-Aqsa Mosque #Israeli settlers #Passover
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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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