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World Economy Apr 11, 2026

Oil Prices May Take Months to Normalize Despite US-Iran Ceasefire

Despite a ceasefire between the US, Israel, and Iran, oil and gas prices are expected to take month…
The recent ceasefire between the United States, Israel, and Iran has brought a fragile calm to the region, but experts warn that energy prices may take months to normalize. The conflict had a significant impact on global oil and gas supplies, particularly through the Strait of Hormuz, a critical waterway through which 20% of the world's oil and gas exports pass.Iran's response to US-Israeli attacks included choking off the Strait of Hormuz and attacking energy infrastructure in several Gulf countries. This led to soaring prices for energy and byproducts like helium, as well as fertilizers that rely on these inputs, affecting sowing seasons and consumers worldwide, especially in developing countries.Experts stress that a predictable and stable flow of cargo through the strait is needed before markets can stabilize. Currently, only a trickle of vessels are passing through, with five vessels crossing on Wednesday and seven on Thursday, down from 120-140 ships per day before the conflict.Rockford Weitz, a professor at The Fletcher School at Tufts University, described the situation as 'the biggest disruption in the history of global oil markets.' He emphasized that normalization will take time and requires collaboration among global powers and regional players.Additionally, concerns remain about Iran charging toll fees and skyrocketing insurance fees, which could keep oil prices high. However, experts agree that these fees are not the primary cost drivers.The International Monetary Fund (IMF) has warned of a looming inflation crisis and plans to downgrade its forecast for the world economy. Kristalina Georgieva, IMF managing director, stated that growth will be slower, even if the new peace is durable.For now, oil prices are expected to remain higher than pre-war levels due to the overhang of greater risk premium of supplies out of the Gulf. The situation remains uncertain, with experts closely watching for any side deals, such as a potential agreement between Iraq and Iran, which could impact oil production and prices.
#oil #prices #iran
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Politics Apr 11, 2026

Gaza Ceasefire Six Months On: A Reality of Fragility and Uncertainty

Six months after a ceasefire agreement was signed between Israel and Hamas, the Gaza Strip remains …
It's been six months since a ceasefire agreement was brokered between Israel and Hamas, but the reality on the ground in Gaza remains dire. The agreement, which was intended to mark a turning point towards ending the war and initiating a recovery phase for Gaza's population, has failed to deliver tangible improvements in humanitarian or security conditions for Palestinian civilians.The ceasefire has been plagued by ongoing Israeli attacks, with over 700 Palestinians killed since the agreement came into effect. The Israeli army has continued its military operations, raising questions about the fragility of the ceasefire and the role of mediators in enforcing its terms.The humanitarian situation in Gaza remains critical, with food and aid supplies below minimum requirements. The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) reported that only 4,999 aid trucks entered Gaza out of 23,400 planned, and only 625 people out of 7,800 were allowed to travel through crossings. This has led to widespread malnutrition and famine-like conditions in the region.The ceasefire has also failed to address the issue of Israeli control over Gaza. The Israeli army has established a so-called 'Yellow Line' as a separation boundary, dividing Gaza into zones of control. Israel maintains effective control over roughly 50-55% of the Strip, including large areas of Rafah, Khan Younis, and northern Gaza.In conclusion, six months on, the ceasefire in Gaza has not produced a sustainable transformation and remains closer to a temporary truce than a final settlement. The situation on the ground is one of 'neither war nor peace,' with over two million people continuing to face deep uncertainty and a lack of meaningful political or humanitarian stabilization.
#Israel #Hamas #United Nations
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Politics Apr 11, 2026

New York Mayor Zohran Mamdani Marks 100‑Day Milestone with Universal Childcare Rollout and 100,000 Potholes Fixed

In his first 100 days, New York’s newly elected mayor Zohran Mamdani has delivered on key promises,…
Zohran Mamdani celebrated his 100‑day anniversary as New York City’s mayor amid a backdrop of frigid crowds at City Hall and a historic milestone: the city filled 100,000 potholes in just over three months. The 32‑year‑old Democratic socialist, the first Muslim mayor of the United States’ wealthiest city, framed his early tenure as a test of whether a platform built on affordability could be translated into concrete governance. His administration’s headline achievement is the launch of a universal childcare initiative. Partnering with Governor Kathy Hochul, the mayor secured $1.2 billion from the state’s 2026 budget—funds drawn from existing revenue streams rather than new taxes—to add 2,000 daycare seats in low‑income neighborhoods. Sign‑ups for two‑year‑old slots will open in June, with allocations announced by August. “One in four New Yorkers lives in poverty, and after housing, childcare costs are pushing families out of the city,” Mamdani told Al Jazeera, underscoring the program’s role in curbing a citywide affordability crisis. Parallel to the childcare rollout, the mayor’s pothole‑filling campaign has become a symbolic win. By early April, crews had patched the 100,000th pothole, a move Mamdani described as proof that the city can handle “the smallest tasks in New Yorkers’ lives” before tackling larger challenges. However, the administration faces criticism on several fronts. Snowstorm responses earlier in the year exposed gaps in emergency planning, prompting Mamdani to acknowledge the need for better tools to manage “bus stops, sidewalks, and crosswalks.” A newly released cost‑of‑living index revealed that 62 % of New Yorkers cannot afford basic expenses, with families on average falling nearly $40,000 short of a sustainable budget. The burden is especially acute for communities of colour—77 % of Hispanic and 65 % of Black residents are financially strained. Fiscal conservatives, such as Manhattan Institute adjunct EJ Mahon, argue that New York already imposes the highest tax rates on millionaires in four decades, warning that further “tax‑the‑rich” rhetoric could drive wealth out of the city. Local commentator Aria Singer echoed this concern, suggesting that aggressive tax hikes might prompt billionaires to relocate, undermining job creation. Housing remains a central battleground. Rents have risen roughly 25 % since 2019, and while Mamdani’s proposal to freeze rents would affect only about half of the rental stock, his administration is pushing an aggressive construction agenda to increase supply and stimulate competition. Political dynamics add another layer of complexity. The mayor’s ability to raise taxes or fund ambitious projects hinges on Governor Hochul’s approval, as the city lacks autonomous authority over most tax levers. Moreover, initiatives like free city buses require cooperation with the state‑run Metropolitan Transit Authority (MTA). Strategist Adin Lenchner of Carroll Street Campaigns cautioned that sustained grassroots pressure will be essential for Mamdani to translate his agenda into lasting policy, noting that even former President Barack Obama struggled to maintain such momentum. Beyond policy, Mamdani has confronted a surge in xenophobic incidents targeting Jewish and Muslim communities, including a vehicle attack on a Brooklyn Jewish centre and an alleged ISIS‑inspired explosive device outside his Gracie Mansion residence. He condemned the violence, emphasizing that “such acts are antithetical to who we are.” As the 100‑day mark passes, the mayor’s focus has shifted from the symbolic cold of his inauguration to the practical heat of governing a city that demands tangible results. While potholes may seem minor, Mamdani argues they are a litmus test for public trust: “If we can’t fix the pothole you hit every day, how can you trust us with bigger challenges?”
#Zohran Mamdani #New York City #Universal Childcare
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News Apr 11, 2026

Netanyahu Expels Spain from Gaza Ceasefire Coordination Centre, Citing Diplomatic Hostility

Israeli Prime Minister Benjamin Netanyahu removed Spanish officials from the US‑led Gaza ceasefire …
Prime Minister Benjamin Netanyahu announced that Spain will no longer take part in the Gaza ceasefire coordination centre, labeling Madrid’s actions as a diplomatic assault on Israel.In a video posted on X, Netanyahu warned that Israel will not stay silent when faced with what he described as attacks on its legitimacy.Foreign Minister Gideon Saar echoed the prime minister’s sentiment, condemning Spanish Prime Minister Pedro Sánchez for allegedly spreading "blood libels" against the Israeli Defence Forces.Saar added on X that Spain’s persistent anti‑Israel stance under Sánchez has rendered it incapable of contributing constructively to the U.S. President’s peace initiative and the operations of the coordination centre.Relations have deteriorated since Israel’s October 2023 offensive in Gaza, after which Spain recognised a Palestinian state and repeatedly criticised Israel’s conduct. Sánchez’s government also opposed the U.S.–Israel campaign against Iran and even closed Spanish airspace to U.S. warplanes involved in that conflict.The Civil‑Military Coordination Centre (CMCC), a U.S.–led facility created under former President Donald Trump’s 20‑point plan, serves to monitor the declared ceasefire and facilitate the delivery of humanitarian aid to the enclave.Despite the formal ceasefire, Israel continues to conduct near‑daily strikes in Gaza, and significant constraints on aid shipments remain in place.
#spain #israel #gaza
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News Apr 11, 2026

US‑Iran Ceasefire Talks in Pakistan Undermined by Fresh Tehran‑Washington Dispute Over Lebanon and Frozen Assets

A US delegation arrived in Islamabad for scheduled cease‑fire negotiations with Iran, but newly sur…
The United States team landed in Islamabad on Friday, gearing up for Saturday’s planned cease‑fire talks with Iran aimed at pausing the ongoing US‑Israel‑Iran conflict.New friction erupted on Friday when senior officials from both sides exchanged conflicting accounts of a 10‑point Iranian proposal that underpinned Tuesday’s temporary pause in hostilities.Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned on X that two critical measures—a cease‑fire in Lebanon and the release of Iran’s blocked assets—remain unfulfilled, insisting they must be addressed before negotiations can proceed.Ghalibaf, who is slated to attend the summit alongside Foreign Minister Abbas Araghchi, echoed the Iranian military’s joint command warning that its “fingers are on the trigger” after what it described as repeated “breaches of trust” by the United States and Israel.Meanwhile, former President Donald Trump escalated rhetoric, telling the New York Post that the U.S. is loading ships with the “best weapons ever made” and will employ them “very effectively” if a deal is not reached. In subsequent Truth Social posts, he dismissed Iran’s leverage over the Strait of Hormuz as a “short‑term extortion” and claimed the Iranians are “alive today only to negotiate.”The Trump administration credits Tuesday’s cease‑fire agreement with averting a larger U.S. escalation, yet it has not disclosed the exact framework agreed upon, noting it differs from Iran’s published 10‑point plan.Analysts point to substantial gaps between the parties on several fronts: Iran’s future control of the Strait of Hormuz, the status of frozen Iranian assets, the trajectory of Iran’s nuclear program, and Israel’s ongoing offensive in Lebanon.U.S. and Israeli officials assert that a Lebanese cease‑fire was never part of the deal, contradicting Iran and Pakistan’s position. Nonetheless, President Trump told an Israeli reporter that he urged Prime Minister Benjamin Netanyahu to make Israeli operations against Hezbollah “more low‑key” ahead of the talks.Israeli strikes continued, killing at least 300 people nationwide on Wednesday—the deadliest day of the offensive—while Al Jazeera’s correspondent reported no slowdown in southern Lebanon’s fighting. Kuwait also reported intercepting seven drones launched from Iran into its airspace within 24 hours.Despite the heightened rhetoric, U.S. Vice President JD Vance expressed optimism, stating he expects a “positive” outcome from the negotiations and that he has received “pretty clear guidelines” from President Trump. Vance emphasized that the United States is ready to extend an “open hand” to Iran if it negotiates in good faith, but warned that any attempt to “play us” would meet a “non‑receptive” negotiating team.Vance’s leadership reflects a non‑interventionist strand of the Trump administration, stepping in as Iran’s trust in special envoy Steve Witkoff and Trump’s son‑in‑law Jared Kushner has eroded. Witkoff and Kushner previously headed two rounds of indirect talks on Iran’s nuclear program, both of which collapsed—first after Israel launched a 12‑day war on Iran in June 2025, and again after the latest war erupted on February 28.
#iran #pakistan #lebanon
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Environment Apr 10, 2026

Norwegian Village Launches Interspecies Council to Embed Wildlife Voices in Local Governance

A pioneering interspecies council gathered in Oppdal, Norway, where human delegates spoke for bats,…
Oppdal, a mountain village in central Norway, hosted its first interspecies council on a snowy morning at the Bjerkeløkkja conference centre. Thirty‑eight local participants each represented a different species – from a northern bat to a birch tree – and voiced the needs of the natural world in a structured decision‑making process.The council draws on the legacy of the Council of All Beings, a practice created in the 1980s by environmentalists John Seed and Joanna Macy. Phoebe Tickell, a scientist and “moral imagination” activist mentored by Macy, adapted the ritual into a governance methodology that expands representation beyond humans.Facilitators first identified the multispecies stakeholders in the region, then briefed human representatives – chosen either randomly or for expertise – on the perspectives they would embody. The session concluded with a manifesto of principles for human governance and an impact‑evaluation plan to track participants’ connection to nature six months later.Oppdal’s mayor, Elisabeth Hals, noted that the village’s population swells from 5,000 to over 30,000 in winter as tourists flock to private cabins (hytter). The municipality plans to add 1,000 new apartments by 2035 to promote year‑round tourism, a move that has sparked debate over land use, farming, and conservation.During the council, a birch “worried there’s too much of me,” while a rockfoil flower urged humans to “slow down and listen to where nature can tolerate more activity.” The River Driva lamented being treated as a mere resource, and a fox enthusiastically pointed at a wader, highlighting the emotional range the exercise seeks to capture.Proponents argue that such empathy‑building exercises are crucial as wildlife populations have fallen by roughly 70 % over the past 50 years. Tickell contends that “imperfect representation beats exclusion” and envisions interspecies councils becoming as routine as environmental impact assessments.Across the UK, 13 councils have recognised river rights since 2023, and a coalition of artists, ecologists, lawyers and policymakers is exploring similar biodiversity governance around the North Sea. In London, multispecies assemblies have already informed stewardship of the River Roding and land‑use consultations.Oppdal’s experiment aims to create “institutional trace” – genuine decision‑making power backed by robust methodology and longitudinal research – rather than a tokenistic green‑washing exercise. If successful, the model could be replicated internationally, giving non‑human nature a formal seat at the policy table.
#Oppdal #Norway #Phoebe Tickell
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Global Development Apr 10, 2026

Argentina's Glacier Law Reform Sparks Concerns Over Water Security

Argentina's recent reform of its glacier law has raised concerns among environmentalists and commun…
Argentina's glacier law has been in effect since 2010, and was the first legislation in Latin America to protect glaciers. It has been a point of contention for mining companies and provincial authorities ever since.The law bans 'any activity' that can affect the 'natural condition' of a glacier or the periglacial frozen land surrounding it, or that results in 'its destruction, movement or interferes with its advance'. That includes the construction of infrastructure not for scientific purposes and any industrial activity. Mining companies, including Barrick, have previously sought to have the law deemed unconstitutional, but the supreme court rejected the challenge.However, a recent reform to the glacier law driven by the far-right government of Javier Milei will relax restrictions, paving the way for mines in high-altitude areas blanketed with ice and snow, which are sources of water. The new law, approved on Wednesday by 137 votes to 111, with three abstentions, will enable provincial authorities to decide which glaciers are protected and which are open for development based on whether they represent a 'relevant water function'.Environmentalists and community members such as Zeballos, a 51-year-old accountant turned activist, have long alleged that Veladero, owned by Canada-based Barrick Mining Corporation and China's Shandong Gold, is operating illegally in an area considered off-limits by Argentina's Ley de Glaciares – or glacier law. The reform has sparked a wave of protests, with Greenpeace activists staging a demonstration on the steps of the National Congress.'What is at stake is the protection of key water reserves in Argentina,' says Andrés Nápoli, a lawyer and executive director of the Foundation of Environment and Natural Resources (Farn), an environmental and human rights NGO. 'Saying that you have to destroy glaciers to guarantee the energy transition is an oxymoron.'About 7 million people, 16% of the population in Argentina, live in areas that depend on glaciers, according to environmental organisations. Glaciers don't just feed rivers; they balance fragile ecosystems hit hard by a heating planet. In Argentina's northwest, scientists say they have shrunk by 17% in the past 10 years.
#argentina #law #water
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Economy Apr 10, 2026

UK Mortgage Crisis: Share Your Experience of Rising Interest Rates

The Guardian invites readers to share their experiences of being affected by rising mortgage rates …
The conflict in the Middle East is having far-reaching effects beyond the region, impacting UK mortgage rates and consumer confidence. In response to surging oil prices and inflation fears, lenders have pulled hundreds of mortgage products, replacing them with more expensive deals.According to Halifax, average UK house prices fell by 0.5% in March, with demand affected by higher mortgage rates. The Guardian wants to hear from individuals who have lost mortgage deals or been affected by rising interest rates.Share your experience by completing a short form or messaging the Guardian on WhatsApp at +447766780300. Responses can be anonymous, and submissions will be kept secure.The Guardian is seeking stories from people who have:Lost recent mortgage dealsBeen affected by rising interest ratesChanged housing plans due to the current economic climateAll submissions will be reviewed and potentially published, with the option to remain anonymous.
#Guardian #Bank of England #UK mortgage market
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Us News Apr 10, 2026

Philz Coffee Sparks Nationwide Outcry Over Plan to Pull Pride Flags from California Outlets

Philz Coffee, a San Francisco‑based chain, announced it will remove Pride flags from its stores to …
San Francisco‑originated coffee chain Philz Coffee announced a policy shift that will see Pride flags removed from all California locations. CEO Mahesh Sadarangani framed the change as a step toward a "more consistent, inclusive experience" across its stores, emphasizing that the company’s support for the LGBTQIA+ community remains unchanged.The announcement has ignited a rapid consumer backlash. By Friday morning, a petition on Change.org had amassed more than 4,000 signatures, urging Philz to retain the flags that staff and patrons view as symbols of safe, welcoming spaces. Critics argue that the move threatens to alienate a core segment of employees and loyal customers who associate the brand with LGBTQ+ advocacy.Philz operates 17 stores in San Francisco alone, many of which have historically displayed Pride décor and hosted annual fundraisers for LGBTQ+ organizations. The company has not disclosed when the flag removal will take effect, and reports from the San Francisco Chronicle indicate that Pride decorations remain in place at downtown and Castro locations, the latter proudly displaying a sign that reads, "Welcome to the Queerest coffee shop in town. Period."While Philz pledges to continue its allyship through fundraising and other initiatives, the controversy arrives amid a broader national climate of increasing hostility toward LGBTQ+ symbols, exemplified by recent federal actions such as the removal of a Pride flag from the Stonewall National Monument.Analysts suggest that the backlash could have tangible financial repercussions. Consumer sentiment surveys show that brand alignment with LGBTQ+ causes can drive patronage, especially in progressive markets like San Francisco. A sustained boycott or negative publicity could erode foot traffic and impact sales, prompting the chain to reassess the timing and communication of its decor policy.For now, Philz remains under pressure to balance its stated commitment to inclusivity with the operational decision to standardize store aesthetics, a dilemma that highlights the delicate interplay between corporate branding and sociopolitical expectations in today’s market.
#flags #pride #philz
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