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World Economy Apr 01, 2026

Even a Reopened Strait of Hormuz Won’t End Months of Global Shipping Disruption, Analysts Say

Experts warn that the resumption of traffic through the Strait of Hormuz will not instantly restore…
Closing the Strait of Hormuz has choked a vital artery that carries roughly one‑fifth of the world’s crude oil and LNG, sending energy prices soaring and unsettling global trade. Even if the waterway reopens tomorrow, analysts say the ripple effects will endure for months. Nils Haupt, senior director of corporate communications at German carrier Hapag‑Lloyd, told Al Jazeera that the end of hostilities does not equate to the end of logistics challenges. “Once the bombardments stop, the real work begins,” he said, noting that hundreds of vessels will scramble for berths in Persian Gulf ports, creating a prolonged bottleneck for containers and bulk cargo. According to the International Maritime Organization, about 2,000 ships are currently stranded because of Iran’s partial blockade, with only a handful of vessels from “friendly” nations granted passage. Maritime‑intelligence firm Windward estimates that roughly 400 of those ships are anchored in the Gulf of Oman, waiting for a green light. Diverted traffic has already forced many carriers to reroute via the Suez Canal or take the far longer Cape of Good Hope passage, inflating transit times and costs for shipments bound for Asia and Europe. Oil exports from Saudi Arabia are now being sent around the Red Sea, bypassing the strait entirely. Svein Ringbakken, managing director of the Norwegian Shipowners’ Mutual War Risks Association, cautioned that even with ports operating at full capacity, clearing the backlog of oil, gas and other goods will take months. He added that repeated attacks on regional energy and transport infrastructure have compounded the problem. The International Energy Agency reports that more than 40 energy assets across the Middle East have suffered “severe or very severe” damage, prompting companies such as QatarEnergy, Kuwait Petroleum Company and Bahrain’s Bapco Energies to declare force majeure. Beyond the immediate loss of flow, the shutdown has disrupted exports of petrochemicals, fertilisers and raw materials essential for plastics production, further straining global supply chains. Industry leaders warn that the risk landscape has fundamentally shifted. SV Anchan, chairman of US‑based logistics group Safesea, highlighted the rise of asymmetric threats, including unmanned vessel attacks, which have already accounted for at least 18 confirmed assaults since the conflict began. “A full reopening will only bring normalcy after a sustained period of stability and credible security guarantees,” Anchan said. Insurance costs have exploded as a result. Marco Forgione of the Chartered Institute of Export & International Trade noted that hull and cargo premiums have surged up to 300 %, a pressure point that could force shipping firms to curtail operations if rates remain high. Oscar Seikaly, CEO of NSI Insurance Group, stressed that war‑risk coverage will only normalize when a “truly permanent” security solution is in place, not a partial one. Recent data from Lloyd’s List show that a few vessels have managed to obtain Tehran’s permission to transit, with one ship reportedly paying $2 million for the right to pass. Iranian lawmakers have also moved to formalise transit fees for the strait. Nick Marro, lead global‑trade analyst at the Economist Intelligence Unit, warned that the security guarantees demanded by shippers may be hard to meet, citing the volatile Red Sea experience where commercial traffic remains below pre‑2023 levels. Marro predicts that the Hormuz shutdown will accelerate a broader trend of route diversification, similar to the supply‑chain shifts triggered by the COVID‑19 pandemic. “Geopolitical uncertainty will become a permanent feature of risk management, not a temporary reaction,” he said. Seikaly echoed this outlook, suggesting that exporters will increasingly explore alternative corridors for strategic and political reasons, ultimately reducing traffic through the Strait of Hormuz over the long term.
#strait #shipping #trade
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Us News Apr 01, 2026

Trump’s Call to Seize Iran’s Kharg Island Highlights Risks of ‘Fossil‑Fuel Imperialism’ and Potential Oil Price Surge

Donald Trump reiterated his long‑standing desire to capture Iran’s key oil export hub, Kharg Island…
Donald Trump announced over the weekend that he wants to "take the oil in Iran" by seizing control of Kharg Island, the strategic outpost through which roughly 90% of Iran’s oil exports flow. Experts say the remark underscores a blatant disregard for international law and exemplifies what they term “fossil‑fuel imperialism.” Patrick Bigger, co‑director of the Transition Security Project, described the approach as a "might‑makes‑right" logic that is both "abhorrent and spectacularly miscalculated." Trump is slated to give an update on the Iran‑U.S. conflict on Wednesday. He previously claimed the war could end within weeks, a statement that sent the stock market soaring on expectations of de‑escalation. Iran, however, has insisted it needs guarantees against future attacks before halting its counter‑offensive. The fighting continues, highlighted by an Iranian strike on a fully loaded crude tanker in Dubai and threats to "blow up and completely obliterate" Iran’s energy infrastructure if the Strait of Hormuz is not reopened promptly. Kharg Island, a five‑mile strip that handles the bulk of Iran’s oil shipments, along with its power plants and oil wells, has been singled out by Trump. He told the Financial Times that U.S. forces should take over the island and the oil stored there. "My favorite thing is to take the oil in Iran," Trump said, adding that critics in the United States are "stupid people." Amir Handjani, an energy lawyer at the Quincy Institute, warned that the statement "completely discredited" the war’s stated objectives and revealed a classic play for natural resources. Handjani noted that Trump’s desire to seize Iranian oil is not new; he voiced similar ambitions in a 1988 interview while promoting The Art of the Deal, saying he would "do a number on Kharg Island" if elected. The former president has also floated comparable ideas for Iraq, Syria and Venezuela, suggesting the United States could appropriate their oil to offset war costs or bolster strategic reserves. Handjani emphasized that international law provides no framework for waging war to capture sovereign nations' natural resources. From a military perspective, taking Kharg Island would be extremely challenging. Iranian missile defenses have rendered regional U.S. bases inoperable, meaning any assault would likely require a parachute insertion of Marines into heavy fire, with the risk of massive Iranian retaliation. Handjani warned that such retaliation could target oil export terminals across the Persian Gulf, potentially driving crude prices to $200‑$300 per barrel and destabilising the global economy. The conflict has already caused the largest-ever disruption to global energy supplies, killing thousands and sparking sharp fuel‑price shocks. While consumers bear the brunt, major fossil‑fuel companies are enjoying windfall profits. Bigger noted that higher oil prices benefit oil majors and are being used as a pretext to expand U.S. drilling, further entrenching reliance on carbon‑intensive fuels. According to Bigger, Trump’s rhetoric reveals a belief that "fossil fuels are a linchpin of his domestic industrial strategy," and that controlling oil equates to controlling global power. He argues that this mindset threatens the international order and hampers the transition to cleaner energy.
#oil #trump #iran
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Sports Apr 01, 2026

Turkey Qualify for World Cup Under Vincenzo Montella's Guidance

Turkey has qualified for the World Cup under the guidance of coach Vincenzo Montella, marking a sig…
Turkey's football team has qualified for the World Cup under the leadership of coach Vincenzo Montella, achieving a milestone that had eluded them for two decades. Montella's team secured a win against Kosovo in a playoff match, with Kerem Akturkoglu scoring the decisive goal in the 53rd minute.The Turkish team's journey to the World Cup has been marked by progress and determination, with Montella's guidance playing a crucial role in their success. The team's performance has been characterized by a disciplined midfield and a solid central defense, marshaled by Abdulkerim Bardakci.Montella expressed his excitement and pride in the team's achievement, stating that they will continue on a beautiful path together. The team's star player, Kenan Yildiz, shone in the match against Kosovo, showcasing his burgeoning talent.The World Cup group stage draw has pitted Turkey against USA, Australia, and Paraguay. While the team's chances are uncertain, Montella's macho approach and the team's steadiness and toughness could make them a formidable opponent.Kosovo, despite their valiant effort, were unable to secure a spot in the World Cup. However, their rising football development and young talent make them a promising team to watch in the future.
#montella #turkey #cup
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Sports Apr 01, 2026

Arne Slot Hails Mohamed Salah as a Liverpool Legend as Alexander Isak Nears Return

Liverpool head coach Arne Slot praises Mohamed Salah as a club legend ahead of his departure, while…
Liverpool head coach Arne Slot has hailed Mohamed Salah as a club legend ahead of his departure at the end of the season. Salah announced his exit last week, and Slot believes he will leave the club a legend.Salah's professionalism and commitment to the club have impressed Slot, who highlighted his hunger to prove himself every three days. Slot expressed his hope that Salah can make his legacy even more special in the upcoming weeks and months.The pair appear to have patched up their differences, which had led to tensions earlier in the season. Slot is looking forward to Salah signing off with a flourish, and he encouraged supporters to give him a great farewell.In other news, Liverpool's bid for Champions League qualification has been boosted by the news that Alexander Isak is set to return to training on Thursday after more than three months out with a broken leg. The £125m British-record signing could make the squad for next week's European away leg in Paris.Slot expressed his excitement about having Isak back, citing his incredible abilities as a striker and the team's ability to generate chances. While Isak may not start immediately, Slot believes his return will be very helpful for the team in the last two months of the season.
#him #slot #but
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Sport Apr 01, 2026

Tiger Woods Withdraws from 2027 Ryder Cup Captaincy Amid Health Concerns

Tiger Woods has turned down the opportunity to captain the United States at the 2027 Ryder Cup due …
Tiger Woods has withdrawn from the opportunity to lead the United States team as captain at the 2027 Ryder Cup. The PGA of America announced this decision after Woods announced he would be stepping away from golf to focus on his health and wellbeing. The 15-time major winner was the favourite to take on the role for the US at the Irish resort of Adare Manor. However, following a recent car accident and a DUI charge, Woods has decided to prioritize his health. Woods was involved in a car accident last week where he clipped a trailer and rolled his Land Rover. Police reported that he showed signs of impairment, and investigators found two white pills identified as hydrocodone during a search of his vehicle. A statement from the PGA of America read: “We commend Tiger for prioritising his long-term health and deeply respect the courage it takes to make such a personal decision.” The organization will share further updates regarding the Ryder Cup captaincy when appropriate. Woods has undergone numerous surgeries throughout his career, particularly to his leg and ankle, after suffering multiple injuries in a serious crash in 2021. He was granted permission by a Florida judge to leave the US to enter a comprehensive inpatient treatment facility as he faces misdemeanor driving under the influence charges. The Martin County court judge, Darren Steele, granted the motion to travel submitted by Woods’ attorney, citing the golf superstar’s need for an “intensive, highly individualized and medically integrated program” away from media and public scrutiny.
#woods #his #tiger
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World Economy Apr 01, 2026

FDA Grants Fast-Track Approval to Eli Lilly’s Oral GLP‑1 Weight‑Loss Pill Foundayo, Heightening Competition with Novo Nordisk

The U.S. FDA has approved Eli Lilly’s once‑daily oral GLP‑1 drug, Foundayo (orforglipron), marking …
The U.S. Food and Drug Administration announced on Wednesday that it has granted expedited approval to Eli Lilly’s oral weight‑loss medication, orforglipron—marketed under the brand name Foundayo. This makes Foundayo the second GLP‑1 pill to reach U.S. consumers, following Novo Nordisk’s Wegovy tablet approved in December. Orforglipron works by mimicking a natural hormone that regulates appetite and satiety, offering a non‑injectable alternative to existing GLP‑1 injectables. David A. Ricks, Eli Lilly’s chair and CEO, highlighted that fewer than one in ten eligible patients are currently using GLP‑1 therapies, citing barriers such as cost, stigma, and perceived complexity. Unlike Wegovy, which must be taken on an empty stomach each morning, Foundayo can be taken anytime of day regardless of meals, simplifying dosing schedules. Patients will start on a low dose that is gradually increased to mitigate side‑effects. Pricing is projected at $149 per month for the initial dose, with higher‑strength formulations potentially reaching $349 monthly. While private‑insurance coverage remains uncertain, a Trump‑administration proposal could allow Medicare to cover certain patients as early as this summer, with copayments as low as $50 per month. Distribution will commence on Monday through LillyDirect’s direct‑to‑consumer channel, with broader availability in pharmacies and telehealth platforms expected shortly thereafter. The convenience of a once‑daily pill is anticipated to improve adherence, especially for individuals who avoid injectables due to needle aversion or rigid dosing requirements. The approval follows a fast‑track submission submitted only months ago, positioning Foundayo to enter the market roughly three months after Wegovy. This rapid rollout is set to intensify competition in the burgeoning GLP‑1 space, where new agents are continually emerging with claims of better efficacy and lower costs.
#fda #orforglipron #foundayo
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World Apr 01, 2026

UK to Host 35 Countries for Strait of Hormuz Talks Amid Iran Blockade

The UK will convene 35 countries to discuss reopening the Strait of Hormuz, a vital shipping route …
The UK is set to host 35 countries, excluding the US, to discuss ways to reopen the Strait of Hormuz, a crucial shipping route for oil and gas that has been blocked by Iran. Prime Minister Keir Starmer announced that the next phase of discussions, led by the UK and France, will take place on Thursday, with Yvette Cooper, the foreign secretary, alongside international leaders.The meeting will focus on assessing viable diplomatic and political measures to restore freedom of navigation, guarantee the safety of trapped ships and seafarers, and resume the movement of vital commodities. British military planners will meet afterwards to discuss how to marshal their capabilities and make the strait accessible and safe after the fighting has stopped.The blockade has resulted in around 1,000 ships being stranded, with only about 130 ships passing through since the war began, compared to the normal daily number. The strait is a critical route, with a fifth of the world's oil and gas supplies and a third of global fertilisers passing through before the conflict.The US has not been directly invited to participate in the talks, which will include countries that signed a joint statement last month, such as the UK, France, Germany, Italy, and the Netherlands, as well as Japan, Canada, South Korea, and New Zealand. The Ministry of Defence has sent military planners to US Central Command to explore options for getting tankers through the strait.Iran's Islamic Revolutionary Guards Corps has stated that the Strait of Hormuz will remain closed to 'enemies of this nation', and US President Donald Trump has posted that there will be no ceasefire with Iran until it relinquishes control of the waterway.
#strait #countries #iran
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Technology Apr 01, 2026

Why Blaming AI for the Iran School Bombing Obscures Human Responsibility

The article argues that attributing the Iran school bombing to an "AI error" masks the human decisi…
Recent commentary on the Iran school bombing rightly challenges the knee‑jerk tendency to blame artificial intelligence for the tragedy. The deeper issue, however, lies in the emerging linguistic habit of labeling incidents as "AI errors," which subtly removes the human actors from the narrative.When responsibility is shifted from people to systems, moral accountability becomes vague. Human designers, authorisers and operators remain the decision‑makers, even if the technology automates the final act. Concealing this fact is not a technical flaw; it is a civic failure that hampers accountability.Beyond accelerating warfare, AI is fostering a subtler shift: using automation as an alibi. If public discourse cannot pinpoint who acted, the public cannot hold anyone to account.Critics also note that the language used to describe rogue AI agents—terms like “connived,” “lied,” or “cheated”—anthropomorphises machines and further obscures responsibility. As Dr. Felicity Mellor of Imperial College London observes, such phrasing assigns moral agency to large language models instead of the people who deploy them.Consider a hypothetical where a company releases high‑speed vehicles without functional brakes. We would not say the cars "connived" to cause accidents; we would blame the company’s reckless leadership. Similarly, if uncontrolled AI ever harms civilians, we must be able to hold technology firms and the governments that endorse them accountable, which requires clear attribution of moral agency in our language.Anthony LawtonMarket Harborough, LeicestershireDr. Felicity MellorDirector, Science Communication Unit, Imperial College London
#language #say #human
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World Economy Apr 01, 2026

Paris: The Cheapest Capital in Europe for Tourists in 1926

In 1926, Paris was considered the cheapest capital in Europe for tourists. The city was experiencin…
In the spring of 1926, Paris was bustling with tourists, earning its reputation as the cheapest capital in Europe. The city's ideal weather, with incessant sunshine, added to its appeal. Cafes had opened their windows, trees were green, and chestnuts were budding, creating a picturesque scene.The tourist influx was significant, with 20,000 English holidaymakers arriving in a single day, and many more expected to follow. Visitors from other countries, particularly Germany, were also well-represented. This Easter season was shaping up to be a record one for Paris.While finding accommodations could be challenging for those who hadn't booked in advance, Paris offered affordable options for tourists. Restaurants, theatres, music-halls, and other amusements were priced at about half of what one would find in London. Even taxi fares, which doubled at night, were reasonable at threepence a mile.The city's entertainment scene catered to various tastes. Some tourists flocked to popular venues like the Folies-Bergère, Moulin Rouge, and Casino de Paris, while others preferred more cultural experiences at the Comédie Française or Odeon. The diversity of options made Paris an attractive destination for a wide range of visitors.
#paris #there #which
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