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World Economy Mar 24, 2026

Japan Unleashes Largest Oil Reserve Release Amid Middle East Crisis

Japan is set to release its largest-ever oil reserves to mitigate potential shortages caused by the…
Japan will begin releasing its largest-ever oil reserves this week, according to Prime Minister Sanae Takaichi. The decision aims to cushion the country against possible energy shortages triggered by the ongoing US-Israel war on Iran and its impact on tanker traffic through the Strait of Hormuz. The government has approved the release of 15 days' worth of private-sector reserves and will start releasing state-owned reserves on Thursday. This move follows concerns that the conflict in the Middle East will continue to disrupt oil supplies. Japan, a resource-poor nation with a significant economy, imports over 90% of its crude oil from the Middle East, making it particularly vulnerable to supply chain disruptions in the region. The release includes about 80 million barrels of stockpiled oil, equivalent to 45 days of domestic demand. This is 1.8 times the quantity made available after the Fukushima Daiichi nuclear power plant disaster in 2011. As of last year, Japan held reserves of approximately 470 million barrels of oil, enough for 254 days of domestic consumption. In addition to the oil reserve release, the government has introduced subsidies for fuel products to cap gasoline prices at about ¥170 ($1.10) per liter. This move comes after the average retail price of gasoline reached a record ¥190.8 per liter. The subsidies will be reviewed weekly based on oil prices. The Strait of Hormuz crisis has also triggered concerns among Japanese consumers about the availability of essential goods, including toilet paper. In response, the trade and industry ministry has advised consumers against hoarding toilet paper, urging them to make rational purchasing decisions based on accurate information.
#paper #japan #oil
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Film Mar 24, 2026

Empire of Lies Film Review: A Tense but Flawed Thriller

A review of the film 'Empire of Lies', a psychological thriller about a far-right conspiracist and …
The film 'Empire of Lies' starts with a promising premise for a low-budget psychological thriller, set entirely in a field in Gloucestershire. The story revolves around Dave, a middle-aged man played by Joseph Millson, who lives in a caravan and keeps a gun in his kitchen cupboard. His life takes a dramatic turn when a young woman, claiming to be a YouTuber, enters his field with a camera.The woman, played by Natalie Spence, uncovers a dark past, revealing that Dave's climate-activist daughter has been murdered, with Dave as the prime suspect. The police lack evidence to charge him, but the media has vilified him. As the story unfolds, it becomes clear that Dave is a far-right conspiracist with extreme views on various topics, including Covid and dinosaurs.The film's tension builds as Dave shares his side of the story with the YouTuber, who initially appears earnest in her pursuit of truth. However, the script and direction struggle to maintain the high-wire act, making the twist ending feel somewhat unsatisfying. Despite solid performances from the actors, the film fails to generate enough genuine emotion or intrigue to keep viewers engaged.'Empire of Lies' is set to release in UK cinemas on March 27 and on digital platforms on April 13.
#dave #youtuber #but
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Film Mar 24, 2026

Clyde Best Documentary Shines Light on Pioneering Black Footballer's Legacy

A documentary about Clyde Best, a pioneering black footballer who broke barriers in English footbal…
The documentary 'Transforming the Beautiful Game: The Clyde Best Story' tells the uplifting story of Clyde Best, a trailblazing black footballer who played for West Ham in the early 1970s. Best's journey from Bermuda to London at 17, and his experiences with racism in the sport, are highlighted in the film.The documentary features a stellar lineup of talking heads, including Geoff Hurst, Harry Redknapp, Viv Anderson, John Barnes, Les Ferdinand, Shaka Hislop, and Garth Crooks, who discuss Best's significance and impact on the game. The film also explores Best's pioneering role as one of English elite football's first black players and his influence on succeeding generations of black footballers.Best's story is one of resilience in the face of racism, including virulent abuse from fans and players. However, he also experienced acceptance and support from teammates, such as at West Ham, where he played alongside Clive Charles and Ade Coker. The film notes that in 1972, West Ham became the first top-flight team to field three black players in the same match.After leaving West Ham in 1976, Best played for Tampa in the North American Soccer League (NASL), where he encountered a different cultural environment, free from the racism he faced in England. The documentary also touches on the NASL's attempt to establish itself as a mainstream sport in the US, although it ultimately failed.The film concludes with Best emerging with considerable dignity, reflecting on his legacy and the importance of blazing a trail for future generations. As Best himself says, 'My father taught me: 'Clyde, when you go out there and play, you're not playing for yourself, you're playing for the people coming after you.''
#best #west #his
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Commentisfree Mar 24, 2026

Huw Edwards Criticizes Channel 5 Drama Depicting His Downfall

Former BBC newsreader Huw Edwards has spoken out against Channel 5's upcoming drama about his downf…
Huw Edwards, the former iconic BBC newsreader, has publicly denounced Channel 5's forthcoming dramatization of his downfall. In a lengthy statement, Edwards expressed his disapproval of the drama, stating that mental illness is often misunderstood and should not be used as an excuse for criminal behavior. Edwards has been open about his struggles with persistent mental illness over the past 25 years. However, his decision to use this as an explanation for his actions has been met with criticism, particularly given the severity of his condition and the conviction for possessing multiple indecent images of children, including category A images. The drama, titled 'Power: The Downfall of Huw Edwards,' stars Martin Clunes as Edwards and has sparked controversy over its portrayal of Edwards' actions. Edwards has questioned the production values of the drama and suggested that it will not accurately convey the reality of his situation. He also expressed concerns about the allegations made against him and whether those involved were paid for their contributions. Edwards' statement has been seen as an attempt to shift the focus away from his own actions and onto his mental health struggles. Critics argue that this approach downplays the severity of his crimes and the impact on his victims. The drama is part of a larger trend of 'true story' dramas that have become increasingly popular in recent years. Marina Hyde, the author of the article, criticizes Edwards for not taking responsibility for his actions and instead using his mental illness as an excuse. Hyde also questions Edwards' motives, suggesting that he is trying to rehabilitate his image and portray himself as a victim.
#edwards #huw #not
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World Economy Mar 23, 2026

Iran War Threatens Global Food Security with Fertiliser Shortage

The ongoing war in Iran has triggered a potential global food crisis due to a looming shortage of f…
The conflict in Iran has sparked concerns about a potential global food crisis due to a looming shortage of fertiliser, a crucial component in food production. The Strait of Hormuz, a vital shipping route, has been disrupted, impacting the export of fertilisers from Gulf countries.On March 2, Ebrahim Jabari, a senior adviser to the commander-in-chief of Iran's Islamic Revolutionary Guard Corps (IRGC), announced that the Strait of Hormuz was 'closed', causing oil prices to soar above $100 per barrel. However, experts warn that a parallel crisis is emerging - a considerable threat to global food security due to a shortage of fertiliser.Nearly half of the world's traded urea, the most widely used fertiliser, and large volumes of other fertilisers are exported from Gulf countries via the Strait of Hormuz. Recent disruptions to gas supplies and shipping have already forced fertiliser plants in the Gulf and beyond to shut or cut their output.Countries such as India, Brazil, and China are heavily dependent on Gulf fertiliser exports, with India sourcing over 40% of its urea and phosphate fertilisers from the region. A prolonged fertiliser shortage and hike in fertiliser prices could lead to reduced crop yields, affecting food security worldwide.The urea export prices from the Middle East have surged by about 40%, rising from just less than $500 to a little more than $700 per metric tonne. The price is currently close to 60% higher than this time last year.According to one shipping services company, 20% of the world's fertiliser originates in the Gulf, while 46% of global urea supply comes from the Gulf. Qatar Fertiliser Company (QAFCO), considered the world's largest urea supplier, alone supplies 14% of the world's urea.Analysis by Kpler, a data and analytics company, shows that as much as one-third of global fertiliser trade could be disrupted if the closure of the Strait of Hormuz persists. This could lead to nitrogen fertiliser prices doubling and phosphate prices climbing by about 50%.
#fertiliser #percent #world
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Sports Mar 23, 2026

Evloev Stuns Murphy, Secures Featherweight Title Shot Against Volkanovski

Movsar Evloev defeated Lerone Murphy at UFC Fight Night 270, likely securing a title shot against f…
Movsar Evloev from Russia has secured a significant victory over Lerone Murphy at UFC Fight Night 270 held at the O2 Arena. Despite receiving a point deduction for a foul, Evloev managed to edge out a majority decision win over Murphy. This triumph likely sets him up for a highly anticipated featherweight title shot against champion Alexander Volkanovski.The bout was a clash of styles, with Evloev, known for his wrestling, attempting to showcase his striking abilities, while Murphy displayed impressive defensive skills on the ground. Evloev successfully took the fight to the mat in the third round but Murphy quickly regained his footing.In the fourth round, Evloev committed a foul with a kick to Murphy's groin, resulting in a point deduction. However, Evloev intensified his grappling attack in the final round, which proved sufficient for him to secure the win, with two judges scoring the fight 48-46 in his favor and the third judge scoring it a draw 47-47 after accounting for the deduction.This victory marks a significant milestone for Evloev, positioning him for a potential title fight against Volkanovski. For Murphy, it was his first career defeat in the UFC.
#his #evloev #murphy
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Sports Mar 23, 2026

Vinicius Jr shines as Real Madrid edge Atletico 3-2 in thrilling La Liga derby

Real Madrid secured a 3-2 win over Atletico Madrid in a pulsating La Liga derby, with Vinicius Jr s…
Real Madrid fought back to beat Atletico Madrid 3-2 in a thrilling Spanish capital derby on Sunday, courtesy of a brace from Vinicius Jr. The win keeps Alvaro Arbeloa's side within four points of La Liga leaders Barcelona.Atletico's Ademola Lookman opened the scoring in the 33rd minute with a slick counterattack, but Vinicius Jr equalized from the penalty spot in the 52nd minute after David Hancko tripped Brahim Diaz. Federico Valverde then put Real ahead 2-1 with a goal capitalizing on a Jose Maria Gimenez error.Nahuel Molina silenced the Bernabeu stadium with a thunderous 30-metre strike in the 66th minute, but Vinicius Jr restored Real's lead with a cracking solo effort six minutes later. Despite Valverde's red card for an inexplicable challenge, Real held firm to secure the win.Arbeloa praised his side for showing 'pure Real Madrid mentality' to emerge with a difficult win, while Atletico boss Diego Simeone said his side deserved more from the game.
#real #list #madrid
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World Economy Mar 23, 2026

Iran Allows Select Countries' Ships Safe Passage Through Strait of Hormuz Amid War

Iran has allowed ships from several countries, including Pakistan, India, and Turkey, to pass throu…
Iran has granted safe passage through the Strait of Hormuz to ships from select countries, including Pakistan, India, and Turkey, despite its ongoing war with the United States. The strait, a vital waterway for global oil shipments, has been effectively blocked since the conflict began on February 28, causing oil prices to skyrocket above $100 per barrel.On March 2, Ebrahim Jabari, a senior adviser to the commander-in-chief of Iran's Islamic Revolutionary Guard Corps (IRGC), announced that the strait was 'closed' and warned that any vessels attempting to cross would be 'set ablaze' by the IRGC and the navy. This move led to a significant increase in oil prices, with Brent crude rising 2.5 percent to $105.70 on Monday, more than 40 percent higher than before the war began.Iranian Foreign Minister Abbas Araghchi revealed that Tehran had been approached by several countries seeking safe passage for their vessels, with the decision ultimately resting with the military. He confirmed that a group of vessels from 'different countries' had been allowed to pass through, although details were not provided.Pakistan was one of the first countries to have a ship pass through the strait, with a Pakistani-flagged Aframax tanker called Karachi sailing out of the Gulf on Sunday. India also secured permission for some of its vessels to pass through, with two Indian-flagged tankers carrying liquefied petroleum gas safely crossing the strait on Saturday.In addition, Turkey obtained permission for one of its ships to pass through the strait after authorities received approval from Tehran. China is reportedly in talks with Iran to secure safe passage for its crude oil and Qatari liquefied natural gas carriers, with 45 percent of China's oil imports passing through the strait.Meanwhile, France and Italy have requested talks with Iran regarding safe passage for their ships, according to reports. The US has proposed a naval coalition to secure the strait, but countries such as Germany and Greece have ruled out military involvement.
#strait #hormuz #iran
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World Economy Mar 23, 2026

Epstein Urged Media Mogul Zuckerman to Cede Control Citing 'Potentially Dangerous' Health

Jeffrey Epstein advised Mortimer Zuckerman to relinquish control of his financial affairs due to al…
Jeffrey Epstein, the late financier and convicted sex offender, urged Canadian-American media and real estate mogul Mortimer Zuckerman to give up control of his financial affairs. Epstein cited Zuckerman's "potentially dangerous" cognitive impairment as the reason for his concern.In an email from October 2015, Epstein suggested that Zuckerman enter a guardianship or conservatorship for his own protection. He expressed concern for Zuckerman's "financial, emotional, physical, and psychological safety", stating that his friends, including himself, were worried about the mogul's well-being.Epstein proposed that Zuckerman grant authority to manage his affairs to Terje Rod-Larsen, a Norwegian diplomat, Zuckerman's nephews, and "anyone else you trust." He emphasized that Zuckerman's "remarkable abilities" were no longer sufficient to protect him.Zuckerman, the owner and publisher of US News & World Report, appeared to take Epstein's advice seriously, thanking him for his "thoughtfulness and friendship" and seeking recommendations for a lawyer with experience in such matters.Epstein also discussed Zuckerman's health with his nephew, Eric Gertler, advising him to oversee the sale of Zuckerman's stocks, art collection, helicopter, and plane. It is unclear if Zuckerman followed Epstein's advice.Zuckerman announced his step down as chairman of Boston Properties about six months after his correspondence with Epstein, but did not cite any health concerns at the time.
#epstein #zuckerman #his
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