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World Economy Apr 14, 2026

Strait of Hormuz Traffic Plummets as Only 279 Vessels Pass Since War, 22 Attacked – US Blockade Fuels Oil Surge

Since the outbreak of hostilities, ship movements through the Strait of Hormuz have collapsed by mo…
On Tuesday, shipping data from LSEG and Kpler confirmed that at least three tankers entered the Gulf via the Strait of Hormuz, including the Panama‑flagged Peace Gulf, which is bound for Hamriyah port in the United Arab Emirates. Earlier that day, two U.S.–sanctioned vessels, the Rich Starry and the Elpis, also transited the waterway. Because none of these ships were destined for Iranian ports, they remain exempt from the U.S. blockade that began on Monday. The U.S. Central Command (CENTCOM) announced that, as of 10 a.m. ET (14:00 GMT) on Monday, a naval blockade was in effect against all maritime traffic to and from Iranian ports, in line with the presidential order issued by former President Trump. The directive applies to "vessels of all nations" operating in Iranian coastal waters, including the Arabian Gulf and the Gulf of Oman. Tehran has warned of possible retaliation against ports in neighboring Gulf states. In response to the blockade, the Islamic Revolutionary Guard Corps (IRGC) ordered every ship to follow a newly‑drawn navigation map that forces vessels to enter the strait north of Larak Island and exit south of it, citing the risk of anti‑ship mines in the former main traffic zone. Before the conflict, the strait functioned like a divided highway with two dedicated lanes—each about 3.2 km long—carrying roughly one‑fifth of the world’s oil and gas shipments. The IRGC now classifies the original lanes as "restricted" and has effectively closed them. Ship traffic has collapsed by **more than 95 %** since the war began. Kpler’s tracking data shows that only **279 vessels** passed through the strait between Feb. 28 and Apr. 12, a stark contrast to the pre‑war average of around **100 ships per day**. Even after a cease‑fire took effect on Apr. 8, a mere **45 ships** have entered or exited the waterway. The disruption has left hundreds of tankers and other vessels stranded in the Gulf, slashing global oil and gas supplies by an estimated **20 %**—the largest fuel‑supply shock on record. Damage to Gulf energy infrastructure and the sharp reduction in shipments have pushed crude prices up by roughly **50 %**, with Asian importers bearing the brunt of the price spike. According to the same Kpler data, **22 ships** have been attacked in the Strait of Hormuz since the conflict started. The incidents are distributed as follows: eight in United Arab Emirates waters, six in Omani waters, two each in Iraqi and Qatari waters, and one each in Bahraini, Kuwaiti, Saudi and Iranian waters. These figures underscore the strategic vulnerability of the world’s most critical energy chokepoint and highlight how the combined effect of the U.S. naval blockade and Iran’s alternate routing has reshaped global shipping patterns and commodity markets.
#iran #irgc #kpler
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Politics Apr 14, 2026

External Powers and Global Tensions Keep Sudan's War Burning Amid Rising Fuel and Food Costs

A new episode of Al Jazeera’s podcast “The Take” examines why Sudan’s conflict endures, highlightin…
Why does the war in Sudan persist three years after it began? According to the latest episode of Al Jazeera’s podcast The Take, the answer lies in the network of external actors that continue to fund and arm the warring factions – the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF). The episode, hosted by journalist Malika Bilal and featuring political analyst Dallia Abdelmoniem, explores how regional and global rivalries have turned Sudan into a proxy battleground. With the United States and Israel engaged in a broader confrontation with Iran, and tensions in the Strait of Hormuz inflating oil prices, the cost of fuel and food in Sudan has surged, worsening an already dire famine situation. Key insights from the discussion include: Foreign financing and arms supplies keep both the SAF and RSF operational, preventing a decisive military outcome. US‑Israel‑Iran dynamics divert international attention and resources, allowing the Sudanese conflict to fester. Rising global fuel prices driven by Strait of Hormuz instability increase transport costs, making humanitarian aid more expensive and less accessible. Food price spikes exacerbate famine risk for millions of displaced Sudanese, deepening the humanitarian crisis. The podcast also notes that without a coordinated diplomatic push to address the external backers and the broader geopolitical tensions, a sustainable cease‑fire remains unlikely. Production credits go to Tamara Khandaker (producer), with contributions from Noor Wazwaz, Sari el‑Khalili, Spencer Cline, Chloe K Li, and Tuleen Barakat. Editing was handled by Alexandra Locke, while Alex Roldan provided sound design and Hisham Abu Salah and Mohannad al‑Melhem managed video editing. Listeners can follow the conversation and future episodes on X, Instagram, Facebook, and YouTube.
#Sudan #Al Jazeera #Iran
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Tech Apr 14, 2026

OpenAI CEO Sam Altman Targeted in Attempted Murder Case

A man has been charged with attempted murder in connection with an incident involving OpenAI CEO Sa…
A man has been charged with attempted murder in connection with an incident involving OpenAI CEO Sam Altman. The details of the incident are not specified, but the charge indicates a serious threat to Altman's life.The individual, whose identity has not been disclosed, faces severe legal consequences if convicted. Sam Altman is a prominent figure in the tech industry, particularly known for his role at OpenAI, a leading artificial intelligence research organization.This incident highlights concerns about the safety and security of high-profile individuals in the technology sector. As the investigation unfolds, authorities are expected to provide further information on the circumstances surrounding the attempted murder.
#Sam Altman #OpenAI #attempted murder
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News Apr 14, 2026

Day 46 of the US‑Iran Standoff: Hormuz Blockade Fuels Protests, Diplomatic Overtures and Rising Oil Prices

Four weeks into the US‑Iran confrontation, Washington’s naval blockade of the Strait of Hormuz has …
President Donald Trump asserted that a diplomatic path remains open for Tehran, even as the United States enforces a naval blockade of Iranian ports and Israel deepens its ground offensive in southern Lebanon. Iran’s leadership denounced the blockade as "piracy" and thousands gathered in Tehran to demonstrate against the restriction on maritime traffic through the strategic Strait of Hormuz. The Associated Press reported that diplomatic channels are still active; Pakistan has volunteered to host a second round of negotiations in Islamabad later this week. US blockade and protests: The enforcement of the maritime restrictions has provoked Iranian accusations of illegal action and sparked street protests in the capital. Tehran’s legal stance: Iran’s armed forces labeled the blockade unlawful, warning that targeting its ports could jeopardize broader Gulf shipping. IRGC warning: A Revolutionary Guard spokesperson hinted that Iran retains "unused capabilities" and may adopt new tactics if the confrontation escalates. Parliamentary support for the Pope: Speaker Mohammad Bagher Ghalibaf praised Pope Leo XIV’s condemnation of the war, describing it as courageous. Russian nuclear staff pull‑out: Moscow has withdrawn most of its personnel from Iran’s sole nuclear power plant, a project built with Russian assistance. Qatar’s mediation call: Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani urged both Washington and Tehran to engage constructively in mediation. Pakistan’s ceasefire assessment: Prime Minister Shehbaz Sharif said the US‑Iran truce is holding, even as weekend talks failed to produce a breakthrough. Shipping disruption: A UN spokesperson warned that there is no military solution and noted that roughly 20,000 vessels are stranded, straining global supply chains, especially for fertiliser. UK push for Lebanese inclusion: London advocated adding Lebanon to the US‑Iran ceasefire framework, which currently omits Hezbollah‑related fighting. US‑Lebanon diplomatic talks: Israeli and Lebanese ambassadors are slated to meet in Washington to discuss halting hostilities. Hezbollah’s rejection: Leader Naim Qassem urged Lebanon to cancel the planned Washington meeting, reaffirming the group’s opposition to any direct dialogue with Israel. Russia’s uranium offer: The Kremlin reiterated its willingness to accept Iran’s enriched uranium as part of a broader US‑Iran settlement, echoing President Vladimir Putin’s statements. Trump on Iranian outreach: The former president claimed Iranian officials have expressed a strong desire to negotiate, though he did not identify the interlocutors. Trump’s stance on the Pope: He dismissed criticism of Pope Leo XIV as unwarranted, labeling the pontiff "weak" on key issues, including Iran. Threat to Iranian vessels: Trump warned that U.S. forces will neutralise any Iranian fast‑attack ships that approach the blockade zone. Domestic political pressure: Senate Democrats, led by Chuck Schumer, are pushing for a new vote to limit the president’s war‑making powers, citing rising U.S. fuel prices. Protester arrests in New York: Approximately 90 demonstrators, including whistleblower Chelsea Manning and actor Hari Nef, were detained during a Manhattan traffic‑stop protest against the war and U.S. arms sales to Israel. Israel’s buffer‑zone push: Israeli forces continue ground and air operations in southern Lebanon, razing structures in border towns such as Naqoura to create a security buffer. Hezbollah retaliation: The group has intensified rocket and drone attacks on Israeli positions in locations like Bint Jbeil and Biyyada. Accusations of a "Greater Israel": Hezbollah chief Hassan Qassem accused Prime Minister Benjamin Netanyahu of pursuing an expansionist agenda backed by the United States. Diplomatic tension with Italy: Israel summoned the Italian ambassador after Italy’s foreign minister condemned Israeli attacks on Beirut as "unacceptable". Casualties in Lebanon: Israeli operations have raised the death toll in southern Lebanon since March 2 to at least 2,089, including a recent drone strike that killed two civilians near Nabatieh. Public opinion in Lebanon: Lebanese citizens are divided, with some weary of the conflict and hopeful for diplomacy, while others distrust Israel’s intentions. Canadian casualty: Canada’s foreign minister confirmed that a Canadian national died in southern Lebanon, though details remain scarce. Energy implications: Reuters reported that a Chinese‑owned tanker, sanctioned by the United States, successfully navigated the Strait of Hormuz despite the blockade, underscoring the challenges of enforcement. Oil market outlook: U.S. Energy Secretary Chris Wright warned that oil prices could keep climbing until "meaningful ship traffic" resumes through the strait.
#iran #pakistan #qatar
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Politics Apr 14, 2026

US Southern Command Confirms Second Back‑to‑Back Pacific Vessel Strike, Sparking Fresh Extrajudicial Killing Allegations

The U.S. Southern Command announced a second consecutive lethal strike on a vessel in the eastern P…
The U.S. Southern Command (SOUTHCOM) confirmed on Monday that its forces carried out a kinetic air strike against a boat navigating known narco‑trafficking routes in the eastern Pacific, resulting in the deaths of two men identified as "male narco‑terrorists". The operation was executed under the orders of U.S. Commander General Francis L. Donovan, who cited intelligence reports linking the vessel to Latin American drug‑smuggling networks. A grainy video released alongside the statement shows a stationary craft with outboard engines and nearby fishing‑net floats being hit from the air before erupting in flames. SOUTHCOM described the attack as a "lethal kinetic strike" aimed at disrupting illicit trafficking. This incident marks the second day in a row that U.S. forces have targeted vessels in the Pacific. The previous day, the military reported destroying two boats, killing five individuals and leaving one survivor whose fate remains unclear. SOUTHCOM indicated that the U.S. Coast Guard had been alerted to the survivor's situation. According to SOUTHCOM, the cumulative impact of these operations since September exceeds 170 fatalities across dozens of strikes in the eastern Pacific and Caribbean waters. The figures have drawn sharp criticism from international law scholars, human‑rights organizations, and regional governments, who label the campaign as a series of extrajudicial killings that may have targeted civilian fishermen rather than confirmed cartel operatives. While the Trump administration maintains that the strikes are a legitimate component of its broader war on drug cartels in Latin America, it has yet to provide concrete evidence linking the targeted vessels to illicit drug activities. The lack of transparency continues to fuel debate over the legality and morality of conducting lethal force in international waters.
#US Southern Command #Eastern Pacific #Narco‑terrorists
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Video Apr 14, 2026

Hezbollah Bars Lebanon’s Move Toward Direct Talks with Israel, Raising Diplomatic Tensions

Hezbollah publicly rejected Lebanon’s initiative to engage in direct negotiations with Israel, high…
In a decisive statement, Hezbollah announced its refusal to support Lebanon’s plan for direct negotiations with Israel. The Lebanese political faction, which wields considerable influence over the country’s security and foreign policy, warned that any such talks would contradict its stance on resistance against Israeli policies. The rejection underscores deep‑seated divisions within Lebanon’s political landscape, where Hezbollah’s position often counters moves toward rapprochement with Israel. Analysts note that the group’s opposition could delay or derail potential diplomatic initiatives aimed at easing long‑standing hostilities in the region. By dismissing the prospect of direct dialogue, Hezbollah signals that any future peace‑building efforts will likely need to navigate around its strategic priorities. This development adds another layer of complexity to an already volatile Middle‑East environment, where external actors and internal factions continuously shape the prospects for stability.
#hezbollah #lebanon #israel
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Business Apr 14, 2026

Disney CEO Josh D’Amaro Unveils 1,000-Job Reduction to Boost Agility Across Studios and ESPN

Disney’s new chief executive, Josh D’Amaro, announced the elimination of roughly 1,000 positions ac…
In an internal email circulated on Tuesday, Disney’s newly appointed CEO Josh D’Amaro disclosed plans to cut about 1,000 jobs as part of a broader effort to streamline the conglomerate’s operations.The reductions will primarily affect the recently restructured marketing division and extend to several other segments, including the studio and television arms, ESPN, product and technology teams, as well as select corporate functions.D’Amaro emphasized the need for a “more agile and technologically‑enabled workforce” to keep pace with the rapid evolution of the entertainment landscape, noting that the cuts are essential to meet future demands.These layoffs come as Disney, like many of its Hollywood peers, confronts a challenging economic backdrop characterized by a weakening television market, declining box‑office receipts, and intensified competition from rivals such as Warner Bros. Discovery and Paramount‑Skydance.The company’s most extensive workforce reduction occurred in 2023, when it announced a cut of 7,000 positions to achieve roughly $5.5 billion in cost savings, a move spurred by pressure from activist investor Nelson Peltz to improve financial performance and curb streaming losses.According to Disney’s latest fiscal data, the firm employed approximately 231,000 people as of September, the close of its fiscal year. The Wall Street Journal first reported the current round of job cuts.
#Disney #Josh D'Amaro #ESPN
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World Economy Apr 14, 2026

Trump's Federal Reserve Nominee Kevin Warsh Discloses Assets Over $100m

Kevin Warsh, nominated by Donald Trump to lead the Federal Reserve, has disclosed assets worth over…
Kevin Warsh, the former Federal Reserve governor chosen by Donald Trump to lead the central bank, has submitted financial disclosures indicating he holds assets worth well over $100m. This disclosure is a required step for his nomination to advance through the Senate.The document, filed with the US Office of Government Ethics, reveals that Warsh has significant investments, including two worth more than $50m each in the Juggernaut Fund LP and $10.2m in consulting fees from Stanley Druckenmiller's investment office. He has also pledged to divest certain assets if confirmed.Warsh's holdings include around two dozen investments in THSDFS LLC, some valued as high as $5m, as well as assets in artificial intelligence and crypto sectors. His spouse, Jane Lauder, whose family has interests in the Estée Lauder cosmetics company, also had holdings disclosed.The filing is a key step in Warsh's expected confirmation to succeed Jerome Powell as Fed chair, though the timing remains uncertain. A Senate banking committee hearing has yet to be scheduled, and Republican lawmakers have vowed to block his confirmation until a Department of Justice investigation into Powell is concluded.
#warsh #worth #assets
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Business Apr 14, 2026

EU Steel Tariff Overhaul Threatens UK Exports as Quotas Slashed by Nearly Half

The EU will double steel tariffs and cut duty‑free quotas by 47% in July to curb cheap Chinese impo…
The European Union is set to implement a sweeping reform of steel import duties from July, doubling tariffs and halving duty‑free quotas in an effort to stem a surge of low‑priced Chinese steel. EU lawmakers approved the measures after late‑night negotiations, targeting a 47% reduction in quota allowances. While exact country allocations remain pending, the policy will apply to all non‑EEA members, leaving Norway, Iceland and Liechtenstein exempt. EU Industry Commissioner Stéphane Séjourné hailed the deal as the "strongest ever" safeguard for European steel, framing it as a victory for domestic mills, workers and industrial sovereignty. European steel lobbyist Axel Eggert of Eurofer argued the steps will create space for EU producers to add 15 million extra tonnes of steel to meet local demand, thereby pulling the sector "back from the brink". Recent import data underscore the urgency: steel inflows rose to a record 9.9 million tonnes in the final quarter of 2025, up from 7.4 million tonnes a year earlier. The new regime will cap total EU steel imports at 18.7 million tonnes annually, with quotas to be negotiated across 28 product categories. For the United Kingdom, the timing is critical. The EU remains the UK's largest steel market, absorbing roughly 1.8 million tonnes of British steel each year—about 10% of the new quota. UK Steel, the industry body, warned that a failure to secure reciprocal quota access could cripple export flows. Britain is preparing its own counter‑measures, announcing a 50% tariff on third‑country steel imports from 1 July and a 60% cut to its own quotas, a stricter stance than the EU’s 47% reduction. Union representatives echo the alarm. The Community union described the EU quotas as an "existential threat" to British steel and urged the Labour government to guard against a potential "tide of diverted steel" entering the UK market. Both sides acknowledge the deep integration of their steel sectors. Eurofer’s deputy director Karl Tachelet called for preferential treatment for the UK, emphasizing that the two industries share a common interest in avoiding punitive measures. As negotiations unfold, the outcome will shape not only the future of European steel production but also the broader post‑Brexit trade relationship between the EU and the United Kingdom.
#tariffs #quotas #eurofer
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