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World Economy Apr 05, 2026

Nepal Moves to Two‑Day Week as Fuel Shortage Worsens Amid US‑Israel Conflict with Iran

Facing a severe fuel shortage linked to the US‑Israel war with Iran, Nepal’s government has reduced…
Nepal’s cabinet approved a shift to a five‑day work week for government offices and schools, extending the weekend to both Saturday and Sunday in response to an escalating fuel crisis. Government spokesperson Sasmit Pokharel told reporters that the decision was taken because “the present uncomfortable situation caused by fuel supply” necessitates closing public institutions for two days each week. Previously, civil servants enjoyed only a single day off on Saturday; offices will now operate 9 a.m. to 5 p.m., Monday through Friday. Pokharel added that the government is also examining legal avenues to convert petrol and diesel vehicles to electric power, though details remain pending. Nepal, a landlocked country of roughly 30 million people, imports virtually all of its fossil fuels from India, leaving it highly vulnerable to international price shocks. The ongoing US‑Israel war with Iran has sharply curtailed global oil supplies, causing Nepal’s aviation fuel prices to almost double in a single day. The state‑owned Nepal Oil Corp reported heavy losses on petroleum products despite modest price hikes, prompting authorities to sell half‑filled cooking‑gas cylinders last month to deter hoarding and panic buying. Tourism, a cornerstone of Nepal’s economy, faces a new threat as airlines raise airfares following the steep rise in aviation fuel costs. Higher travel expenses could dampen inbound visitor numbers, compounding economic pressures. The fuel crunch stems from the broader Middle‑East turmoil that intensified after the United States and Israel launched a joint offensive against Iran on 28 February. Tehran’s retaliatory drone and missile strikes across the region have disrupted global markets and aviation, amplifying the scarcity of fuel supplies that ripple to landlocked neighbours like Nepal. By shortening the work week, the Nepali government hopes to reduce non‑essential fuel consumption, ease pressure on already strained energy imports, and buy time for longer‑term solutions such as electrification of transport.
#nepal #iran #tourism
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Economy Apr 02, 2026

Gulf Shipping Disruptions Threaten Fertiliser Supply and Food Security for South Asian Farmers

Rising tensions in the Gulf, especially the closure of the Strait of Hormuz, are driving up fertili…
Ramesh Kumar, a 42‑year‑old wheat farmer in Gurdaspur, Punjab, India, is already recalculating his budget as fertiliser prices climb and deliveries become erratic.He worries that higher input costs could force him to postpone his daughter’s wedding, delay school fees for his children, or even cut back on the amount of fertiliser he applies – a decision that could lower his harvest.While the conflict between the United States, Israel and Iran unfolds thousands of kilometres away, its ripple effects are felt in the fields of Punjab, Kashmir, Pakistan’s South Punjab, Bangladesh’s Rangpur and Nepal’s Gulmi district.The Strait of Hormuz, a narrow chokepoint linking Gulf oil and gas producers to global markets, handles roughly one‑fifth of the world’s oil and LNG shipments. Disruptions here delay the flow of natural gas used to produce nitrogen‑based fertilisers, inflating freight, insurance and ultimately fertiliser prices.South Asia, home to nearly two billion people, depends heavily on fertiliser‑intensive agriculture. In India, the sector is worth about $400 billion and employs over 46 % of the workforce; in Pakistan, it contributes close to 20 % of GDP; Bangladesh’s agriculture accounts for 12‑13 % of GDP; and Nepal relies on agriculture for roughly 24 % of its economy.Between 30 % and 35 % of India’s fertiliser imports, and up to 25‑30 % of Pakistan’s, Bangladesh’s, and Nepal’s imports, travel through routes that pass the Strait of Hormuz. Any prolonged blockage could therefore strain supply chains across the region.Governments are attempting to reassure farmers. Indian Prime Minister Narendra Modi announced expanded domestic production of urea, DAP and NPK, as well as the rollout of “Made‑in‑India Nano Urea” and solar‑powered irrigation under the PM Kusum scheme.Pakistan’s federal secretary for agriculture highlighted proactive monitoring, increased domestic urea and DAP output, and measures to keep fertiliser affordable.Bangladesh plans to import 500,000 tonnes of urea in the short term and is exploring alternative sources from China and Morocco, while Nepal’s agriculture ministry says supplies for the upcoming rainy season are secured, though it warns of possible shipment delays.On the ground, farmers are already adjusting. In Kashmir, mustard grower Ghulam Rasool says he reduces fertiliser use as soon as price signals rise, even before actual shortages appear. In Pakistan’s South Punjab, wheat farmer Muneer Ahmad fears higher costs will affect the entire community. In Bangladesh, Mohammad Ibrahim notes that fertiliser availability is becoming unpredictable, and in Nepal, Meghnath Aryal worries that delayed deliveries will hurt crop yields.These individual decisions have broader implications. Reduced fertiliser application can lower yields, which in turn pushes up food prices—a critical concern in a region where households allocate a large share of income to food.While no immediate shortage has been declared, the combination of higher global energy prices, logistical bottlenecks and geopolitical risk makes the situation volatile. Authorities in all four countries are urging farmers to supplement chemical inputs with organic alternatives such as manure, compost and green manuring.For Ramesh Kumar and millions of his peers, the distant Gulf crisis is not an abstract geopolitical story; it is a daily calculation of whether they can afford to feed their families and meet essential expenses.
#Strait of Hormuz #Gulf Shipping #South Asian farmers
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Politics Mar 28, 2026

Nepal's Former PM Oli Detained Over Deadly Protest Crackdown

Nepal's police have detained former Prime Minister KP Sharma Oli and ex-Home Affairs Minister Rames…
Nepal's police have arrested former Prime Minister KP Sharma Oli and ex-Home Affairs Minister Ramesh Lekhak over their alleged involvement in a deadly crackdown on protesters last year.The detentions on Saturday came a day after Prime Minister Balendra Shah and his cabinet were sworn in after the first elections since the 2025 uprising that toppled Oli's government.According to The Kathmandu Post, Oli, 74, was taken into custody from his residence in Bhaktapur, a suburb of the capital, Kathmandu. Images later showed Oli walking into a hospital, dressed all in white, and surrounded by police officers.Lekhak was also detained on Saturday from another area of Bhaktapur, his personal secretary Janak Bhatta told the Post.In a statement on Facebook, new Home Minister Sudan Gurung wrote, "promise is a promise: No one is above the law"."This is not vengeance against anyone, it is simply the beginning of justice. I believe the country is now headed in a new direction," said Gurung.Oli has yet to issue a statement regarding the arrest.At least 77 people were killed in the anticorruption uprising on September 8-9, 2025, which began over a brief social media ban but tapped into longstanding fury over economic hardship.At least 19 young people were killed in the crackdown on the first day of protests.The demonstrations spread nationwide the following day as parliament and government offices were set ablaze, resulting in the government's collapse.During the caretaker administration, a government-backed commission into the deadly uprising recommended the prosecution of Oli and other senior officials.Its report said it was "not established that there was an order to shoot", but said "no effort was made to stop or control the firing and, due to their negligent conduct, even minors lost their lives".Oli has previously denied ordering security forces to open fire on protesters. During his failed bid for re-election in the March 5 poll, he blamed "infiltrators" for the violence.Prime Minister Shah, 35, a rapper-turned-politician, and his Rastriya Swatantra Party (RSP) won a landslide victory in parliamentary elections this month on a platform of youth-driven political change.Shah challenged and defeated Oli in the four-time ex-prime minister's own constituency.At Shah's first cabinet meeting on Friday, it was decided to implement the recommendations made by the investigative commission.
#KP Sharma Oli #Ramesh Lekhak #Nepal Police
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Politics Mar 28, 2026

Nepal's New Prime Minister Unveils Unconventional National Address Through Rap

Nepal's incoming Prime Minister delivers a rap message to the nation ahead of swearing-in ceremony.
Nepal's new Prime Minister has taken an unconventional approach to address the nation. Ahead of the swearing-in ceremony, the PM chose to deliver a message through a rap. This unusual method has garnered significant attention and curiosity.The rap message, although not detailed in the provided content, signifies a departure from traditional political communication. It reflects the PM's intent to connect with the populace in a modern and relatable way.The swearing-in ceremony, a significant event in Nepal's political landscape, marks the beginning of the PM's tenure. The rap message has set the tone for an interesting and potentially innovative leadership style.
#Pushpa Kamal Dahal #Nepal #rap
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Politics Mar 27, 2026

Nepal's New Prime Minister Balen Shah Faces Historic Challenges After Landslide Win

Balen Shah, a rapper-turned-politician, has become Nepal's new prime minister after a landslide win…
Nepal's new prime minister, Balen Shah, has taken office after a landslide win in the recent elections. Shah, a rapper-turned-politician, leads the Rastriya Swatantra Party (RSP), which is expected to have a two-thirds majority in parliament. This mandate comes with high expectations from young Nepalis who drove the 2025 Gen Z protests against corruption, poor governance, and lack of accountability.The RSP, barely four years old, and Shah, with no prior political experience except as mayor of Kathmandu, have a historic opportunity to deliver on the aspirations of young Nepalis. However, analysts and voters warn that with this opportunity comes significant risks. Political analyst Bishnu Sapkota notes that expectations are enormous, and it may be unrealistic for Shah to fully meet them.One of Shah's immediate challenges will be implementing the findings of the Karki Commission, which investigated the killings and property damage during the Gen Z movement. The commission's report, submitted on March 8, 2026, is expected to be made public and implemented quickly. This will require careful management of political reactions and potentially difficult decisions.Another challenge Shah faces is the relationship between him and Rabi Lamichhane, the founder of the RSP. Lamichhane faces allegations of fraud, organized crime, and money laundering, and has previously served jail sentences. Experts describe their alliance as a 'marriage of convenience' and note that differences could emerge later.Shah's popularity was the main factor behind the RSP's success, and analysts suggest that he may end up having a stronger grip on the party than its president. RSP leader Shishir Khanal emphasizes that Shah will lead the government, while Lamichhane will lead the party, and both will have to face challenges and manage expectations on their own respective fronts.In the first 100 days, the RSP plans to prioritize anti-corruption measures, including investigations into the wealth of senior officials and politicians since 1990. These steps respond directly to the demands of last year's Gen Z protests. Gen Z activist Yujan Rajbhandari notes that the new government must prioritize good governance and protect civic freedoms, or face pushback from the same movement that enabled its rise.Shah's critics have questioned his diplomatic skills, citing past social media posts attacking Nepal's neighbors, including India and China. However, analyst Sapkota argues that Shah's lack of political baggage could allow Nepal to pursue a more independent diplomacy. Indian Prime Minister Narendra Modi has already signaled a willingness to work with Nepal's new leadership, and Shah has emphasized the importance of maintaining close relations with India.
#Balen Shah #Rastriya Swatantra Party #Rabi Lamichhane
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News Mar 27, 2026

From Rap Lyrics to Prime Minister: Balen Shah Leads Nepal After Youth Revolution

Nepal's youngest prime minister, rapper-turned-politician Balen Shah, has been sworn in following h…
Balendra Shah, Nepal's youngest prime minister, has been officially sworn in following his party's decisive election victory that came after months of youth-led protests which resulted in the government's collapse in September.The rapper-turned-politician was appointed prime minister by President Ram Chandra Paudel on Friday, after his three-year-old Rastriya Swatantra Party (RSP) secured 182 seats in the 275-member parliament during the March 5 election. This vote marked Nepal's first election since the anticorruption Gen Z-led demonstrations that tragically claimed 76 lives.The 35-year-old leader made a distinctive appearance during his swearing-in ceremony at the President House, wearing black trousers, a matching jacket, his signature black Nepali cloth cap, and sunglasses, in the presence of diplomats and senior government officials.A day prior to his formal appointment, the new premier, better known as Balen, released his first public statement since the historic election through a rap song shared on social media platforms. Titled Jay Mahakaali (Victory to Goddess Mahakali), the song features lyrics such as 'Nepal is not scared this time, the heart is full of red blood … Laughter and happiness will reach every household this time.' The accompanying music video, showcasing large crowds cheering during his campaign, has garnered nearly three million views.'The strength of unity is my national power,' Shah raps in the track that emphasizes his political message of national cohesion.A former mayor of Kathmandu, Shah holds the distinction of being Nepal's first Madhesi premier – representing people from the southern plains bordering India – to lead the Himalayan nation.China extended its official congratulations to Nepal on Shah's swearing-in, with the Chinese Ministry of Foreign Affairs expressing support for its Himalayan neighbor in safeguarding its independence, sovereignty and territorial integrity.The political transition follows months of protests driven by widespread discontent over unemployment and systemic corruption in the nation of 30 million people. Approximately one-fifth of Nepal's population lives in poverty, with an estimated 1,500 citizens leaving the country daily for work abroad.Although Shah did not directly participate in the demonstrations, he publicly expressed solidarity with the largely Generation Z protesters who spearheaded the movement that brought down the previous administration.Political instability has long plagued Nepal, with 32 governments taking office since 1990, none of which have completed a full five-year term. The Nepali Congress party, the country's oldest political organization, secured only 38 seats in the recent election, placing it a distant second. The Communist Party of Nepal (Unified Marxist-Leninist) of KP Sharma Oli, who resigned following the Gen Z unrest, now controls 25 parliamentary seats.Former Chief Justice Sushila Karki had been leading the nation through the interim period preceding the parliamentary election that brought Shah to power.
#nepal #shah #his
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Environment Mar 27, 2026

Double Disaster: Women's Heightened Vulnerability in Post-Hurricane Caribbean

The Caribbean region reveals how women face disproportionate risks during natural disasters, from i…
When Hurricane Beryl devastated Union Island in St Vincent and the Grenadines in July 2024, 61-year-old Tedica Alexander found refuge at the Ashton community center, which her grandchildren called 'Final Destination.' As the storm intensified, the shelter quickly filled to capacity with 47 children and 147 adults, including three people using wheelchairs, while windows shattered and floodwaters rose above ankle height. Alexander's experience mirrors a broader pattern revealed across the Caribbean: women often take on caretaker roles during natural disasters, yet studies show this responsibility can make their experiences more difficult. UN Women reported in 2022 that pre-existing social and cultural demands on women as primary caregivers increase their vulnerability during disasters, with gendered roles making women and girls more likely to be killed in such events. While emergency shelters provide critical protection from storms, they often fail to address gender-based violence risks. A 2021 systematic review published in BMJ Global Health found that post-disaster environments frequently heighten risks for women and girls, with inadequate shelter infrastructure—such as lack of doors, walls, and locks—contributing to increased violence in Haiti, Japan, and Nepal. The International Federation of Red Cross and Red Crescent Societies has been working to address these challenges, according to Loyce Pace, the organization's Americas regional director. The federation publishes manuals providing guidance to agencies working during natural disasters, focusing on ensuring governments understand their roles in emergencies and have access to necessary resources. Despite these efforts, significant challenges remain. In the Bahamas, emergency shelter capacity accommodates only 3% of the population, according to Aarone Sargent, managing director of the Disaster Risk Management Authority. During Hurricane Melissa in 2025, approximately 1,800 people from the southern islands were evacuated to New Providence and accommodated in six or seven shelters. The recovery phase presents particular difficulties for women. As Pace notes, while immediate response has improved attention to vulnerable populations, the recovery period often proves more challenging, especially for single women seeking loans or rebuilding businesses. Alexander, whose home and livelihood were destroyed in Hurricane Beryl, continues to live without electricity or water, struggling to regain stability months after the disaster. As the Caribbean region faces increasingly frequent and intense storms, experts emphasize the need for gender-responsive disaster planning and adequate shelter infrastructure that addresses the specific vulnerabilities women and girls face before, during, and after natural disasters.
#UN Women #Caribbean Disaster Relief #Gender-Based Violence
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World Economy Mar 26, 2026

Iran War Creates Complex Crossroads for Global Clean Energy Transition

The Iran war has triggered the worst oil crisis in history according to the IEA, creating complex i…
The deadly conflict in Iran has precipitated what the International Energy Agency describes as the worst oil crisis in history, creating a complex situation for global clean energy efforts. While climate advocates are calling for accelerated transition away from fossil fuels, the war simultaneously presents both opportunities and significant challenges for renewable energy development.US-Israeli strikes on Iran have critically disrupted supply routes through the Strait of Hormuz, a maritime channel through which 20% of global oil flows. The conflict has also seen direct attacks on fossil fuel infrastructure by all parties involved, creating additional market shocks and uncertainty.Interestingly, reduced reliance on oil and gas is proving beneficial for some regions navigating the ongoing fuel crisis. As Jan Rosenow, a professor of energy at Oxford University, explains: Electricity generated from wind and solar is largely insulated from fossil fuel price volatility – once built, the fuel is free.Countries with substantial renewable energy investments are demonstrating greater resilience. Spain and Portugal have witnessed electricity prices decline in recent weeks, while Pakistan has experienced a surge in rooftop solar installations over the past five years, helping the nation weather oil and gas market disruptions.The electric vehicle revolution is also providing some economies with protection against gasoline price increases. In China, more than 50% of all new cars sold are electric, while in Nepal, that figure reaches an impressive 70%.However, the war is creating near-term challenges that could impede clean energy growth. The conflict has disrupted transport routes for metals essential in solar panel construction, particularly aluminum. The Middle East accounts for approximately 9% of global aluminum production, and regional producers have begun scaling back operations amid the hostilities.Furthermore, the inflationary pressures stemming from the conflict pose significant hurdles for renewable energy projects, which require substantial upfront investment for construction, equipment, and installation.Paradoxically, the war and resulting energy shocks have provided a short-term boon for fossil fuels, including coal. Many Asian countries heavily reliant on imported liquefied natural gas (LNG) are burning more coal to meet energy demand as LNG supplies through the Strait of Hormuz become constrained.The conflict has also incentivized increased oil and gas drilling and exploration, as countries scramble to replace disrupted LNG supplies and higher prices make previously unviable projects economically viable. US company Venture Global recently announced a new five-year contract to supply LNG, while Canadian energy company TC Energy indicated that Iran war disruptions are increasing the likelihood of expanding a massive LNG export facility.The Trump administration has further incentivized oil expansion, recently announcing plans to pay a French company $1 billion to abandon offshore wind farm projects in favor of fossil fuel initiatives.Experts propose various policy responses to encourage the green transition during this crisis. Rosenow advocates for tax reform to reduce the disproportionate burden on electricity compared to gas. Professor Gregor Semieniuk suggests imposing windfall taxes on oil and gas companies during the war, while Lauren Pagel of Earthworks calls for ending fossil fuel subsidies and making polluters pay for their environmental impact.Despite the current challenges, Kingsmill Bond, a strategist for the energy thinktank Ember, maintains that this crisis could ultimately accelerate the clean energy transition: This is the first oil shock in history where oil faces a superior alternative. Solar, wind and EV are cheaper, local, faster to deploy, and huge.
#energy #war #oil
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Politics Mar 25, 2026

US Aggression in Iran Sparks Global Economic Chaos and Exposes Shift in US Role

The US conflict with Iran has triggered significant economic disruption worldwide, particularly in …
The ongoing conflict in Iran has sent shockwaves through global energy markets, with economies in Asia being hit particularly hard. The closure of the Strait of Hormuz, a critical passage for oil and gas shipments, has led to a 90% collapse in traffic through its waters. This has resulted in energy prices surging, affecting countries such as India, Nepal, and the Philippines.India has redirected liquefied gas supplies to households, limiting them to the plastics industry, while Nepal has rationed gas and the Philippines has trimmed the government workweek to four days. Bangladesh has closed universities and rationed fuel, highlighting the widespread impact of the conflict.The US economy has shown relative resilience, with the S&P; 500 index losing only 5% since the start of the conflict. This is attributed to the country's abundance of domestic natural gas, which satisfies about 36% of its energy needs and insulates it from international price fluctuations.However, this has led to accusations that the US is recklessly spreading havoc globally while suffering relatively little harm itself. The tariffs imposed by the US have also had far-reaching consequences, with economists concluding that US consumers and businesses are paying the majority of the costs.The International Monetary Fund has revised its growth forecasts, noting that the US economy has emerged largely unscathed, while prospects for economic growth in other countries have weakened. The World Trade Organization has warned that persistently high energy prices will slow merchandise trade growth and have a lopsided impact on growth, with North America potentially seeing a boost, while Europe and Asia are likely to be negatively affected.The conflict has also disrupted the oil and gas economy, with countries like Bangladesh, India, and Pakistan facing a drop in remittances from their citizens working in Gulf countries. Furthermore, the environmental impact of the conflict has been significant, with interest in coal being reinvigorated in Asia as a result of the energy crisis.The US's actions have raised concerns about its reliability as a partner in maintaining international stability, with erstwhile allies forced to accept that Trump's America is now a source of global uncertainty. The US's belligerence is unlikely to end soon, with tens of millions of Americans motivated by contempt for the rest of the world and a desire to assert US dominance.
#United States #Iran #Strait of Hormuz
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