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Economy Apr 10, 2026

Japan to Release Additional Oil Reserves Amid Middle East Crisis

Japan will release additional oil reserves in early May to address growing concerns over energy sho…
Japan's Prime Minister, Sanae Takaichi, announced on Friday that the country will release additional oil reserves early next month, equivalent to roughly 20 days' worth of oil, to ensure a stable supply of crude oil. This move comes as concern grows over energy shortages caused by the crisis in the Middle East.This will be the second time Japan has dipped into its strategic reserves since the US-Israel war on Iran started in February. Last month, Takaichi approved the release of 50 days' worth of oil, the government's biggest ever release, in an attempt to head off a spike in prices.Japan has enough oil in reserve to last 230 days, but it also imports 95% of its crude oil from the Middle East, most of which is transported through the Strait of Hormuz. The country is trying to secure oil from locations that do not ship via the Strait of Hormuz, amid uncertainty over whether the waterway will fully reopen after a two-week conditional ceasefire announced by Donald Trump this week.By May, Japan should be able to secure more than half of its oil imports via other routes, Takaichi said, although she did not provide details. The industry ministry has said that potential new sources for imports could include Yanbu on Saudi Arabia's Red Sea coast and the Port of Fujairah in the United Arab Emirates.The decision to tap into oil reserves for a second time came as pressure grew on Japan's government to resist US pressure to become militarily involved in the conflict. More than 100 demonstrations were held across the country on Wednesday, with protesters urging Takaichi to abide by the postwar constitution, which forbids Japan from using the threat or use of force as a means of settling international disputes.
#Japan #Strategic Petroleum Reserve #Middle East crisis
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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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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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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

Gulf States Cautious as US-Iran Truce Sparks Uncertainty Over Hormuz Strait

The recent US-Iran truce has brought relief to the Gulf region, but Gulf states remain wary of Iran…
The Gulf region breathed a sigh of relief on Tuesday after Iran and the United States agreed to a two-week truce, halting over five weeks of escalating attacks and hostile rhetoric.However, Gulf states are expressing caution, concerned that the US, seeking a swift exit, might agree to terms granting Iran some control over the Strait of Hormuz, a vital waterway through which one fifth of the world's oil and natural liquefied gas passes.Iran had nearly brought traffic through the strait to a standstill in response to joint US-Israeli attacks on its soil since February 28. Under the truce, Iran has agreed to halt attacks for two weeks in exchange for resumed maritime transit in the key waterway.Despite this, Gulf Cooperation Council (GCC) countries are stressing that any deal must result in a permanent, long-term arrangement to keep the strait open. They fear a weakened yet intact Iranian leadership could use the strait as leverage, leaving them under constant threat of disruption and economic blackmail.“There is a quiet but palpable concern that President Trump, eager for a quick political victory, could tolerate some Iranian leverage over the strait in exchange for a fragile truce, prioritising optics over Gulf realities,” said Hesham Alghannam, a Saudi Arabia-based scholar at the Malcolm H Kerr Carnegie Middle East Center.The GCC countries, which have faced near-daily Iranian missile and drone attacks, have welcomed the truce but emphasize that the Strait of Hormuz must reopen. They are also concerned about Iran's future influence over the strait, with a Bahrain-sponsored UN Security Council resolution calling for countries to use defensive missions to keep the maritime chokepoint open being vetoed by Russia and China.A further escalation could have devastating consequences for the GCC economies, undoing decades of work to make the region a safe hub for finance, tourism, and culture. Analysts say GCC countries have stepped up diplomacy in the lead-up to the conflict, but officials across the region have warned Iran should not mistake their inaction as a sign of weakness.“The Gulf will leave no stone unturned if Iran continues to take the path of aggression,” said Hamad Althunayyan, a political analyst and professor at Kuwait University. “The Gulf expects its interests to be represented, and included, in any deal with Iran.”
#United States #Iran #Strait of Hormuz
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News Apr 09, 2026

US Reiterates Opposition to Iran's Uranium Enrichment as Ceasefire Talks Loom

The White House has reaffirmed that the United States will not accept Iran's right to enrich uraniu…
The White House has reiterated that the United States continues to reject any uranium enrichment inside Iran, reaffirming that US President Donald Trump did not agree to a 'wish list' submitted by Tehran. The US stance on uranium enrichment remains a major point of contention in talks between the two countries.Trump's spokesperson, Karoline Leavitt, suggested that the 10-point proposal put forward by Iran as the basis for a ceasefire in the US-Israel war on Iran differs from the proposal published by the government in Tehran. The proposal included Iran's right to enrich uranium, which the US has rejected."The president's red lines, namely the end of Iranian enrichment in Iran, have not changed," Leavitt said. This stance has been a major sticking point in previous talks between Tehran and Washington.Domestic uranium enrichment has been a contentious issue, with Iran insisting on enriching its own uranium as a national right, while the Trump administration has pushed for dismantling the Iranian nuclear programme altogether. The US and Israel have claimed victory in the conflict, while Iran has also claimed success.After more than 38 days of war, Washington and Tehran announced a two-week ceasefire that will see the US stop its attacks and Iran reopen the Strait of Hormuz. The first round of negotiations will take place in the Pakistani capital, Islamabad, on Saturday, led by US Vice President JD Vance, Special Envoy Steve Witkoff, and Trump's son-in-law, Jared Kushner.However, Iran's Parliament Speaker Mohammad Bagher Ghalibaf cast doubt over the fate of the talks, citing US and Israeli violations of the ceasefire. The talks' success remains uncertain amid these tensions.
#iran #trump #list
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Commentisfree Apr 09, 2026

Starmer urges Britain to boost energy, defence and economic resilience as Iran conflict escalates

Prime Minister Keir Starmer argues that the war in Iran highlights the need for a resilient Britain…
Britain has weathered a succession of crises since the 2008 financial collapse— austerity, Brexit, Covid, the Ukraine war and recent political turbulence. Prime Minister Keir Starmer says the war in Iran must become a turning point, forcing the country to build lasting resilience at home and with its European partners.Starmer stresses that the UK’s response to the Iranian aggression has been guided by de‑escalation, diplomacy and the swift reopening of the Strait of Hormuz. While Britain avoided direct offensive action, it intercepted drones, shot down missiles and protected British lives and interests alongside allies who share the same stance.The government’s approach, he explains, is to reduce escalation, work with allies and safeguard economic stability. In a world that is “more volatile and dangerous than at any other point in my lifetime,” such a strategy is presented as essential for protecting British interests.Starmer links global instability to domestic pressures, noting that the same tensions that threaten security also drive up energy prices, disrupt supply chains and strain household finances. To counter this, his administration has capped energy bills and invested heavily in homegrown energy sources, aiming to free the UK from reliance on external gas suppliers.On the defence front, the UK has announced the largest sustained increase in defence spending since the Cold War, reinforcing European alliances and expanding military capacity. Parallel to these security measures, the government has launched an ambitious industrial strategy, strengthened workers’ rights and pledged to lift more than half a million children out of poverty through a new child‑poverty programme.Starmer argues that these policies are not isolated reactions but part of a broader shift toward long‑term resilience. By building secure, domestic energy, robust alliances and a stable economy, Britain can “shape its future and deliver on priorities that matter to working people.”He concludes that Britain will not attempt to recreate the pre‑2008 world; instead, it will forge a stronger, more secure, and more resilient nation capable of withstanding future shocks.
#our #not #britain
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World Apr 09, 2026

UK Ministers Urge Inclusion of Lebanon in US-Iran Ceasefire Deal

UK ministers are pressing for Lebanon to be included in the US-Iran ceasefire agreement, warning th…
The UK government is calling for Lebanon to be included in the recent US-Iran ceasefire agreement, as divisions deepen between the UK and US over how to implement the truce. UK Defence Secretary John Healey and Foreign Secretary Yvette Cooper have emphasized the need for a comprehensive ceasefire that covers Lebanon, following Israel's intensified bombing campaign in the country, which has resulted in at least 254 people killed. Healey warned that imposing tolls on ships passing through the Strait of Hormuz, as suggested by US President Donald Trump, would set a dangerous precedent for international shipping. The UK is advocating for the strait to remain open and free, consistent with international navigation laws. Cooper is expected to stress that Lebanon must be included in the ceasefire and that there must be no return to conflict. The UK's stance has been communicated to both the US and Israel. The escalation in Lebanon has prompted Iran to halt the passage of oil tankers through the Strait of Hormuz, leading to a rise in global fuel and fertilizer prices. The UK is working to support the reopening of the strait, which is a critical artery for the global economy. Cooper will emphasize that freedom of navigation is crucial for global trade and that no country can close these routes without violating the law of the sea.
#lebanon #ceasefire #must
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