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World Economy Mar 23, 2026

Iran Eases Restrictions on Ship Transits Through Strait of Hormuz

Iran has begun allowing a small but growing number of commercial ships to pass through the Strait o…
Iran has started to permit a limited but increasing number of commercial vessels to transit the Strait of Hormuz, as indicated by ship tracking data. On Monday, eight non-Iranian flagged vessels were detected in the strategic waterway. This represents a notable increase, with MarineTraffic recording nine transits on Monday and Sunday, compared to just five over the preceding two days. According to Michelle Wiese Bockmann, an analyst at Windward, the growing number of ships rerouting via Iran's territorial waters suggests that Tehran is granting 'permission-based transits to friendly countries.' The Strait of Hormuz, a critical passage that normally carries about one-fifth of global oil supplies, has seen traffic plummet by more than 95 percent since the onset of the conflict between the US, Israel, and Iran. This drastic reduction has led to a surge in oil prices, which have risen above $100 per barrel, an increase of over 40 percent. Iranian officials have issued mixed messages regarding the strait's status. Iranian Minister of Foreign Affairs Abbas Araghchi stated that the strait was 'open, but closed to our enemies'. Conversely, a spokesperson for the Islamic Revolutionary Guard Corps (IRGC) warned earlier in the month that any ship attempting passage would be set ablaze. The situation has drawn international attention, with US President Donald Trump asserting that Washington does not require other countries' assistance to secure shipping traffic through the strait. Meanwhile, the US military reported dropping bunker buster bombs on 'hardened' Iranian missile sites located near the strait, citing the risk these posed to international shipping.
#strait #iranian #list
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World Economy Mar 23, 2026

Iran Conflict Escalates: Global Economic Impact Looms

The ongoing conflict between the US, Israel, and Iran is expected to have far-reaching effects on t…
The conflict between the United States, Israel, and Iran has taken a significant turn with strikes on a gas field and energy production facilities. These actions are likely to have a ripple effect on the global economy, raising power, food, and other prices worldwide. As gas supplies dwindle and costs escalate, the impact will be felt across the globe.The effects of this conflict will not be limited to the Gulf region; they will echo far beyond, affecting economies and consumers worldwide. The key question is: who will feel the impact the most, and how far could this shock spread?Expert insights from Justin Dargin, an energy expert at the Middle East Council on Global Affairs, provide valuable context to understanding the potential consequences of this escalation.
#take #our #list
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World Economy Mar 23, 2026

Epstein Urged Media Mogul Zuckerman to Cede Control Citing 'Potentially Dangerous' Health

Jeffrey Epstein advised Mortimer Zuckerman to relinquish control of his financial affairs due to al…
Jeffrey Epstein, the late financier and convicted sex offender, urged Canadian-American media and real estate mogul Mortimer Zuckerman to give up control of his financial affairs. Epstein cited Zuckerman's "potentially dangerous" cognitive impairment as the reason for his concern.In an email from October 2015, Epstein suggested that Zuckerman enter a guardianship or conservatorship for his own protection. He expressed concern for Zuckerman's "financial, emotional, physical, and psychological safety", stating that his friends, including himself, were worried about the mogul's well-being.Epstein proposed that Zuckerman grant authority to manage his affairs to Terje Rod-Larsen, a Norwegian diplomat, Zuckerman's nephews, and "anyone else you trust." He emphasized that Zuckerman's "remarkable abilities" were no longer sufficient to protect him.Zuckerman, the owner and publisher of US News & World Report, appeared to take Epstein's advice seriously, thanking him for his "thoughtfulness and friendship" and seeking recommendations for a lawyer with experience in such matters.Epstein also discussed Zuckerman's health with his nephew, Eric Gertler, advising him to oversee the sale of Zuckerman's stocks, art collection, helicopter, and plane. It is unclear if Zuckerman followed Epstein's advice.Zuckerman announced his step down as chairman of Boston Properties about six months after his correspondence with Epstein, but did not cite any health concerns at the time.
#epstein #zuckerman #his
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News Mar 23, 2026

Iran Denies Missile Launch at US-UK Base on Diego Garcia

Iran has denied launching missiles at a joint US-UK military base on the Indian Ocean island of Die…
The United Kingdom has strongly condemned 'reckless Iranian threats' after reports emerged of a missile launch targeting a joint US-UK military base on the Indian Ocean island of Diego Garcia. However, Iran's Ministry of Foreign Affairs has denied any involvement in the alleged missile launch.According to US media reports, two ballistic missiles were fired at the base, with one reportedly failing mid-flight and the other intercepted by a US warship. The incident occurred approximately 4,000km (2,500 miles) from Iran, raising concerns about Iran's missile capabilities.Iran's Foreign Ministry spokesperson, Esmaeil Baghaei, described the missile launches as a 'false flag' operation, suggesting that Israel might have been behind them. This denial comes as the conflict between Iran, the US, and Israel continues to escalate.The UK has condemned the alleged attack, with Foreign Secretary Yvette Cooper stating that the UK would not be drawn into a wider conflict in the Middle East. The UK's Prime Minister, Keir Starmer, noted that the UK would not use a base in Cyprus for Iran-related operations.Israel's military chief, Eyal Zamir, claimed that Iran used 'a two-stage intercontinental ballistic missile with a range of 4,000km' to target the US-UK base. Zamir stated that these missiles pose a threat to European capitals, including Berlin, Paris, and Rome.The incident has significant implications for the ongoing conflict in the Middle East, with analysts suggesting that Iran's missile capabilities could change the calculus of the war for the US and its allies. The conflict has already led to a rise in global oil prices and increased tensions between the US, Israel, and Iran.
#iran #war #israel
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News Mar 23, 2026

Israeli Settlers Unleash Violence on West Bank Towns for Second Consecutive Night

Israeli settlers launched a second night of rampages through West Bank towns and villages, injuring…
Israeli settlers carried out coordinated attacks on multiple towns and villages in the occupied West Bank for the second consecutive night, resulting in at least nine Palestinian injuries. The violence took place during the Eid al-Fitr holiday, marking the end of Ramadan.In one incident, a 45-year-old man was shot in the foot during a confrontation with Israeli settlers in Deir al-Hatab, east of Nablus. The Palestine Red Crescent Society (PRCS) reported that a 47-year-old Palestinian man was attacked by settlers in Jabal al-Arma in Beita, while others were beaten.The attacks were widespread, with homes and cars set ablaze and property vandalized across the occupied West Bank. Simultaneous assaults occurred in at least six communities, including villages near Jenin and Nablus.The violence followed a funeral for 18-year-old Yehuda Sherman, an Israeli settler killed in a collision with a Palestinian vehicle. Israeli police are investigating claims that the collision was deliberate.The Israeli government's expansion of illegal settlements in the occupied West Bank has been met with international criticism. The United Nations Office for the Coordination of Humanitarian Affairs reported that 25 Palestinians have been killed by Israeli settlers and soldiers so far this year.Amnesty International condemned the expansion of illegal settlements and state-backed settler violence, calling it a "direct indictment of the international community's catastrophic failure" to take action. The International Court of Justice ruled in 2024 that Israel's continued presence in the occupied Palestinian territory is unlawful and should end "as rapidly as possible".
#israeli #settlers #occupied
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News Mar 23, 2026

Iran Denies Missile Attack on US-UK Base in Diego Garcia, Calls it 'Israeli False Flag'

Iran has denied allegations of launching a missile attack on a joint US-UK military base in Diego G…
Iran has strongly denied allegations of launching a missile attack on a joint US-UK military base on the Indian Ocean island of Diego Garcia. The Iranian Ministry of Foreign Affairs described the claim as an 'Israeli false flag' attack, accusing Israel of spreading disinformation. The denial comes after NATO Secretary-General Mark Rutte stated that the alliance could not confirm Israel's claim that the projectiles used were Iranian intercontinental ballistic missiles. This development has raised questions about the credibility of Israel's allegations and the potential motives behind them. Iran's Foreign Affairs spokesman, Esmaeil Baghaei, wrote on X that the accusations reflected a pattern of 'disinformation' and criticized NATO's support for the US and Israel. He emphasized that the world has grown tired of 'false flag' storylines, suggesting that such claims are becoming increasingly discredited. Earlier, US media outlets reported that missiles were launched between Thursday night and Friday morning but failed to hit the Diego Garcia base. If Iran were confirmed to be behind the attacks, it would imply that it possesses ballistic missiles with a range of over 4,000km, capable of reaching as far as London. Iranian Foreign Minister Abbas Araghchi had previously stated that Iran had intentionally limited its missile range to below 2,000km to avoid being perceived as a threat by other countries. UK Foreign Secretary Yvette Cooper condemned what she called 'reckless Iranian threats' but emphasized that London would not be drawn into a wider conflict in the Middle East. The UK-US military airbase on Diego Garcia is home to nearly 2,500 mostly American personnel and has supported various US military operations over the years. Israel's military chief, Eyal Zamir, claimed that Iran used a two-stage intercontinental ballistic missile with a range of 4,000km to target the base. Israel has long considered Iran's missile and nuclear programs a threat and has lobbied the US for military intervention.
#iran #missiles #military
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World Economy Mar 23, 2026

Australia's Gas Industry Profits Soar as Households Struggle: A Case for a Fair Share Levy

The Albanese government is considering an extra levy on gas producers' high profits to buffer fuel …
The Albanese government is likely to introduce an extra levy on gas producers' high profits in response to the Iran crisis driving up energy costs for Australians. The prime minister's department has requested Treasury modelling of additional levies on gas companies, stating that energy producers 'should not benefit from high international prices at the expense of domestic customers'.Australia's gas industry is reaping extraordinary profits while households and businesses struggle with high fuel prices. This has sparked calls for a fair share levy to ensure gas companies pay their fair share of tax. The levy, based on Norway's taxation model, would see Australia share around 50% of profits, much more in line with world standards.Currently, Australia shares only 27% of fossil fuel profits, with some estimates as low as 18% when profit is defined in cashflow terms. In contrast, other major fossil fuel exporting countries typically share between 75% and 90% of profits.The fair share levy would provide significant and immediate cost-of-living relief if some of the revenue raised was returned to households. Research shows 87% of voters support a fair share levy, with only 3% disagreeing.Despite potential outrage from the gas industry, the levy is designed to not increase gas prices or deter investment, as seen in Norway's successful implementation. A stable, long-term commitment to the fair share levy would provide investment certainty.
#gas #levy #share
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Entertainment Mar 22, 2026

Jenni Murray, Iconic Voice of Woman's Hour, Dies at 75

Jenni Murray, the longest-serving presenter of BBC Radio 4's Woman's Hour, has died at the age of 7…
Jenni Murray, a trailblazing broadcaster and longest-serving presenter of Woman's Hour, has died at the age of 75. Murray brought a unique calm authority to the BBC Radio 4 weekday show for an impressive 33 years, transforming it into a platform for discussing subjects such as the menopause, domestic violence, genital mutilation, and sexual politics.Under Murray's tenure, which began in 1987, Woman's Hour evolved significantly from its origins in 1946 as a program focused on cooking, cleaning tips, and romantic serials. By the time Murray took over, the show had become a sisterhood of the airwaves, as described by the Sunday Times in 1996.Murray was renowned for her fearless and thoughtful questioning of guests, which included politicians, film stars, authors, poets, chefs, gardeners, lawyers, and anxious parents. One notable interview was with Margaret Thatcher in 1990, where Murray exposed the ideological differences between the feminist approach and Thatcher's views on childcare and gender equality.Murray also conducted incisive interviews with other prominent figures, including Edwina Currie, who revealed her affair with John Major, and Tessa Jowell, discussing her financial decisions. Her conversations were marked by a flair for the dramatic and a deep empathy for her guests.Throughout her career, Murray was not without controversy. In 2017, she faced backlash for an article she wrote questioning the use of the term 'real woman' by trans individuals. The BBC subsequently warned her about maintaining impartiality on controversial topics.Murray's contributions to broadcasting were widely recognized. She was awarded an OBE in 1999 and a dame in 2011. Woman's Hour won the Television and Radio Industries Club's award for best radio program in 2004, and Murray received two Sony awards in 2010 and 2011.Murray's legacy extends beyond her broadcasting career. She was a champion of women's rights and a prolific author, writing several books, including her memoirs and a history of women's suffrage.
#Jenni Murray #BBC Radio 4 #Woman's Hour
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Sport Mar 21, 2026

WNBA's Landmark Deal: A New Era of Fairness and Respect for Female Athletes

The WNBA's new collective bargaining agreement marks a significant shift towards fairness and respe…
The WNBA has made history with its new collective bargaining agreement, a seven-year deal that includes a salary cap increase to $7m, maximum salaries approaching $1.4m, and 20% revenue sharing. This landmark agreement is a major step forward for female athletes, who have long faced unequal pay and respect in the sports industry.Jemele Hill, a sports commentator, emphasized that women in sports have had to fight for dignity and respect since the beginning. The previous agreement left WNBA players with only 9% of league revenue, compared to 49-51% for NBA players, 62% for NFL players, and 50% for NHL players. This disparity is a stark reminder of the gender pay gap that persists across industries.The new deal is not just about numbers; it's about changing the narrative for female athletes. As a 'Girl Dad,' the author spoke with his daughters, who play volleyball, about the implications of this agreement. They shared their own experiences with unequal treatment in sports, from being forced to practice outside while boys used the gym to receiving old uniforms.The WNBA players' fight for fair pay and respect sends a powerful message to young girls everywhere. As the author's daughter noted, seeing WNBA players demand fair pay reminds her that she must stand up for her worth and not let society undervalue her. This moment matters, as it shows that solidarity and advocacy can lead to significant change.The causes of the gender pay gap are structural, rooted in unequal opportunities and norms that shape women's careers. However, the WNBA's new deal offers hope for a more equitable future. It's a reminder that fair pay is not just a matter of economics, but also of respect and dignity for female athletes.
#wnba #players #she
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