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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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World Economy Apr 01, 2026

SpaceX Files Confidential IPO Targeting $1.75 Trillion Valuation Amid AI Rivalry

SpaceX has submitted a confidential registration statement for a U.S. initial public offering that …
According to reports from Bloomberg and the Wall Street Journal, SpaceX has quietly lodged a confidential registration statement with the U.S. Securities and Exchange Commission, signaling its intention to go public. The filing could set a valuation ceiling of $1.75 trillion, positioning the offering among the most valuable ever attempted. Regulators will now review the disclosed financials before the prospectus becomes public. Analysts anticipate that the IPO could be priced as early as June 2026, a timing that aligns with what industry observers describe as a “banner year” for mega‑cap listings. The move also coincides with rival AI firms—OpenAI, which recently closed a $122 billion funding round, and Anthropic—preparing their own public debuts. SpaceX’s parent, Elon Musk, already the world’s wealthiest individual, stands to increase his net worth further, potentially edging toward the elusive trillion‑dollar milestone. The public offering would also provide a clearer picture of a company that has become the cornerstone of both commercial spaceflight and satellite broadband. Beyond rockets, SpaceX’s Starlink satellite network now accounts for more than half of the firm’s revenue, according to Reuters. The service not only fuels the company’s earnings but also extends Musk’s geopolitical influence, with customers ranging from the Ukrainian military to remote communities worldwide. In February, SpaceX completed the acquisition of Musk’s artificial‑intelligence venture xAI, a deal that valued the AI unit at roughly $250 billion. The purchase is tied to plans for solar‑powered data centers in orbit, intended to meet the soaring compute and energy demands of the AI boom. The company’s financial details remain tightly guarded, and a full disclosure is expected only after the SEC clears the filing. International banks, including the UK‑based Barclays, have been tapped to manage the offering, underscoring the global scale of the transaction. SpaceX’s deepening ties with the U.S. government—spanning defense contracts and the majority of NASA’s launch schedule—further cement its strategic importance. As the firm pivots toward orbital data centers and supports NASA’s upcoming lunar missions, the traditional narrative of colonising Mars has taken a back seat.
#spacex #ipo #valuation
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World Economy Apr 01, 2026

Bernie Sanders Proposes 5% Wealth Tax on U.S. Billionaires to Fund Health, Housing and Education

Senator Bernie Sanders urges a 5% wealth tax on the nation’s 938 billionaires, arguing it would rai…
America faces an unprecedented concentration of wealth: the richest 1% now control more assets than the bottom 93% of households, and a single individual, Elon Musk, with a net worth of $805 billion, holds more wealth than the lower‑half of the population combined.Recent tax policies have amplified this gap. In the year following the largest tax cut in U.S. history, 938 billionaires added $1.5 trillion to their fortunes, while President Trump and his family saw a modest increase of $4 billion. Four Wall Street giants—BlackRock, Vanguard, Fidelity and State Street—own stakes in more than 95 % of publicly traded companies, cementing corporate dominance across the economy.Political influence mirrors financial power: by the 2026 midterms, just 50 billionaires had poured over $433 million into campaign activities, shaping policy to protect their interests.Meanwhile, the average American worker is earning roughly $20 per week less than in 1973 after inflation adjustment, despite decades of productivity gains. The Rand Corporation estimates that $79 trillion has shifted from the bottom 90 % to the top 1 % over the past half‑century.Economic hardship is widespread: 60 % of households live paycheck to paycheck, nearly half of older workers lack retirement savings, and over 20 % of seniors survive on less than $15,000 annually. Health‑care insecurity affects 85 million Americans, with more than 500,000 filing for bankruptcy each year due to medical debt.At the heart of the problem is a tax code engineered by the affluent. Billionaires now pay lower effective rates than typical workers. For example, Musk’s tax rate sits below 3.3 % compared with an 8.4 % rate for a truck driver; Jeff Bezos paid under 1 % versus 8.7 % for a firefighter; Michael Bloomberg’s rate was 1.3 % against 13.3 % for a registered nurse; and Warren Buffett’s rate was a mere 0.1 % while a schoolteacher paid nearly 10 %.Corporate tax avoidance compounds the issue. After a $900 billion corporate tax break, major firms such as Tesla, SpaceX, Palantir, Ticketmaster and the parent of Taco Bell, Pizza Hut and KFC reported zero federal income tax despite generating over $17 billion in profit.Public sentiment is shifting. In California, voters favor a billionaire tax by a two‑to‑one margin, and in New York City, 62 % back a 2 % surtax on the ultra‑wealthy. Nationwide, more than six in ten Americans believe the wealthy and large corporations pay too little.In response, Senator Sanders introduced legislation to impose a 5 % wealth tax on the 938 billionaires whose combined net worth exceeds $8.2 trillion. Over a decade, the measure would generate roughly $4.4 trillion.The first‑year rollout would deliver a $3,000 direct payment to every household earning $150,000 or less—equating to $12,000 for a typical family of four. Additional provisions include constructing 7 million affordable housing units, expanding Medicare to cover dental, vision and hearing, providing universal childcare, raising the minimum teacher salary to $60,000, and guaranteeing Medicaid‑funded home health care for seniors and people with disabilities.Crucially, the plan would reverse recent health‑care cuts that stripped coverage from 15 million Americans, ensuring no additional loss of insurance.Even if the tax were applied retroactively, the impact on the ultra‑rich would be modest relative to their fortunes: Elon Musk would owe an extra $42 billion, Mark Zuckerberg an additional $11 billion, and Jeff Bezos another $11 billion—figures that would barely dent their net worths.As Justice Louis Brandeis warned in 1933, “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we cannot have both.” Senator Sanders argues the choice is clear: a democratic economy that serves the many, not a plutocratic system that serves the 1 %.The wealthiest Americans must begin contributing their fair share.
#tax #than #more
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Politics Apr 01, 2026

Oil Prices Plummet as Trump Suggests Iran War to End in Weeks

Oil prices have dropped significantly and global stock markets have rallied after US President Dona…
Global financial markets experienced a significant shift on Wednesday as oil prices plummeted and stock markets rallied following comments from US President Donald Trump. He suggested that the conflict in Iran would be resolved within 'two to three weeks'.The international benchmark for oil, Brent crude, fell as low as $98.35 a barrel, marking a decline of over 15% from the previous day and its lowest level in a week. It later recovered slightly, trading down 2.5% at $101.Stock markets in Asia saw substantial gains, with Japan's Nikkei surging 5%, South Korea's Kospi jumping 8%, Hong Kong's Hang Seng rising 2%, and China's CSI 300 index up 1.7%. European markets also followed suit, with the UK's FTSE 100 up 1.8% and the Europe Stoxx 600 index rising 2.2%.Trump's comments on Tuesday sparked a relief rally in the US stock market, with the S&P; 500 rising 2.9%. He stated, 'Now we're finishing the job. I think in two weeks or maybe a few days longer, we'll do the job. We want to knock out everything they've got.'Market analysts are cautiously optimistic, with Emma Wall, chief investment strategist at Hargreaves Lansdown, noting that markets are 'choosing to believe the optimism from the White House.' However, she also warned that energy disruptions could continue for months, impacting inflation and economic growth.The prospect of interest rate rises in the UK has diminished, with money markets pricing in about 41 basis points of increases to the UK bank rate by the end of 2026, down from 66 basis points anticipated on Tuesday.The price of gold rose to its highest level in almost two weeks, up 0.8% to more than $4,700 an ounce.
#Donald Trump #Iran #oil prices
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Environment Apr 01, 2026

Painting Eyes on Takeaway Boxes Reduces Gull Theft by 50%, Study Finds

Researchers have discovered that painting eyes on takeaway boxes can deter gulls from stealing food…
A recent study has shown that a simple yet effective method can help prevent gulls from stealing food from beachgoers. Painting eyes on takeaway boxes can reduce gull theft by up to 50%. The research, conducted by Laura Kelley from the University of Exeter and her colleagues, involved presenting herring gulls with tempting takeaways at various seaside towns in Devon and Cornwall.The study found that when faced with a choice between a box with eyes painted on it and a plain box, gulls were slower to approach the box with eyes and less likely to peck at it. This effect was sustained, with gulls remaining wary of the boxes with eyes on them even after repeated exposure. The findings were published in Ecology and Evolution.The concept of using watchful eyes as a deterrent is not new. It has been shown to be effective in keeping starlings away from crops, raptors away from airports, and even reducing predator attacks on livestock by painting eyes on an animal's rump. Humans are also susceptible to the feeling of being watched, with images of human eyes successfully used to deterrent bike theft and increase charitable donations. However, not all gulls are deterred by the feeling of being watched, and shouting has been shown to be a good deterrent for bolder gulls.
#gulls #takeaway packaging #Devon
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Politics Apr 01, 2026

UK Energy Crisis: 'Keep Calm but Cut Down' Message Urged as Labour Faces Rising Bills

The UK government is urged to adopt a 'keep calm but cut down' message as Labour faces rising energ…
The UK government is facing growing pressure to address the looming energy crisis sparked by the Iran war. Despite the £117-a-year cut to household utility bills announced in the autumn budget, energy costs are expected to rise again in the summer. The latest forecast from consultancy Cornwall Insight estimates the cost of a dual-fuel bill will rise by 17.6% from July.Labour ministers have been urging people to 'keep calm and carry on,' but critics argue that this message may be underplaying the scale of the challenges ahead. Andrew Sissons, director of the climate programme at Nesta, says the reality is that the global supply of oil and gas is going to be down by maybe 20%, and everybody needs to consume less.The government is trying to balance the need to address the cost of living crisis with the risk of sowing panic and denting consumer confidence. However, experts argue that a more nuanced message, such as 'keep calm but cut down,' could be more effective in encouraging people to reduce their energy consumption.Jill Rutter, of the Institute for Government thinktank, suggests that people can take steps to manage down their consumption, such as being more efficient and switching to clean electricity. The government is also facing pressure to reconsider its plans to reverse the Tories' 5p cut to fuel duty.As the conflict continues, the 'keep calm and carry on' message may sound increasingly adrift from reality. The government must navigate the challenges of addressing the energy crisis while avoiding panic and maintaining consumer confidence.
#Labour Party #UK government #Iran
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Global Development Apr 01, 2026

Mahrang Baloch's Unbroken Spirit: A Year in Solitary Confinement for Baloch Rights

Dr. Mahrang Baloch, a human rights activist and leader of the Baloch Yakjehti Committee (BYC), has …
Dr. Mahrang Baloch, a 30-year-old human rights activist, has endured a year of solitary confinement in a Pakistani jail cell. Her unwavering commitment to the Baloch people's rights has only strengthened despite the isolation.Confined to a small, bare cell with limited access to books and exercise, Mahrang has found ways to cope. She spends her days studying politics and reading books that remind her of a world beyond her prison walls. Her resolve has been tested, but not broken.The physical toll of her imprisonment is evident. Mahrang suffers from severe back and joint pain, which has prevented her from exercising. In February, she was hospitalized and diagnosed with a slipped disc and radiculopathy. Yet, she continues to advocate for her people's rights.Mahrang's family has also been targeted for her activism. Her cousin, Salal Baloch, was forcibly disappeared, and her 19-year-old cousin, Saifullah Baloch, remains missing. Her brother faces strict monitoring and harassment from the counter-terrorism department.Despite these challenges, Mahrang remains committed to peaceful resistance. She believes that the state's violence and collective punishment will not deter her or the Baloch people from demanding their rights. The BYC has documented over 1,200 cases of enforced disappearances in Balochistan in 2025 alone.Mahrang's story highlights the ongoing human rights crisis in Balochistan. Her courage and conviction serve as a beacon of hope for the Baloch people and human rights activists worldwide.
#baloch #our #political
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Environment Apr 01, 2026

The Unsung Hero of Spring: Why Dandelions Deserve Our Delight

The article celebrates the dandelion as a symbol of nature's generosity, highlighting its nutrition…
The arrival of drier March days brings with it the familiar hum of lawn mowers on urban housing estates, but for the author, it's a signal to search for the first signs of their beloved spring flower: the dandelion. Spotting one blooming in a crack beside a crumbling wall, the author can't help but feel a sense of joy and connection to this often-maligned weed. The dandelion's unique charm lies in its ability to thrive in unexpected places, much like the author, who identifies as a wheelchair user, feels a kinship with the flower's resilient nature. This connection is shared with toddlers who delight in carrying dandelions in their fists, and the author jokingly suggests that dandelions would make a perfect bridal bouquet. Dandelions are pure sunshine, offering an instant tonic for grey days or low moods. They provide a vital source of nutrition for pollinators when other pollen is scarce, acting as a bridge until other spring flowers bloom. The flowers, roots, and leaves are also a remarkably nutritious food source, boasting more vitamin A than spinach and more vitamin C than tomatoes. The dandelion's thick roots, rich in latex, are being explored as a sustainable and eco-friendly source of rubber for car and bicycle tires. Additionally, the flower's behavior serves as a rudimentary weather forecast, closing its petals tight when rain is approaching to protect its pollen. As the dandelion's flowering cycle comes to an end, it offers a final gift: turning into bright, white moons. Blowing on these seed heads not only helps spread the seeds but also feels like an appropriate thank you for all that the dandelion provides.
#than #our #dandelion
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Politics Mar 31, 2026

Gaza Mother Stuck Between Death Certificate and Prisoner List Highlights Growing Crisis of Unresolved Disappearances

Two years into Israel's war on Gaza, a mother in Khan Younis grapples with conflicting reports that…
More than two years into Israel's war on Gaza, thousands of families remain in limbo, torn between unverified deaths and secret detentions.In a partially destroyed home in Khan Younis, Tahrir Abu Mady clings to the charred walls that echo the memory of her missing children.Her 20‑year‑old daughter, Malak, a university student and volunteer nurse at Nasser Hospital, vanished after briefly returning home with her 18‑year‑old brother Yousef when Israeli ground forces entered the city in 2024.Forensic teams later recovered human remains in the ruined house, prompting Gaza’s Ministry of Health to issue a death certificate for Malak, while Yousef’s fate stayed unknown.The story took a painful turn when a list of Palestinian detainees released by former prisoners included Malak’s name, marked only with “No information available,” reigniting Tahrir’s anguish.Seeking answers, Tahrir tried to hire a lawyer in Umm al‑Fahm to trace her daughter within the Israeli prison system, but prohibitive legal fees made the effort impossible.Human‑rights groups warn that Malak’s case is far from unique. Israeli forces have detained thousands of Gazans in undisclosed locations, often without charge or legal representation.Euro‑Med Human Rights Monitor researcher Maha al‑Husseini estimates around 3,000 people have been forcibly disappeared, many of whom may be dead or imprisoned, with Israeli authorities refusing to provide any information.Families are left in a state of suspended grief, unable to properly mourn or advocate for their loved ones.Today, Tahrir lives between an official death certificate and a name on a smuggled prisoner list, writing on the scarred walls: “We are still waiting for you, Malak … our white coat girl.”
#Israel #Gaza #Hamas
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