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World Economy Apr 11, 2026

US Inflation Surges to 1% in March Amid Iran War and Energy Market Disruptions

The US inflation rate rose to 0.9% in March, driven by a significant increase in energy prices due …
The United States has experienced a notable surge in inflation, with consumer prices rising by nearly 1 percent in March. This significant increase, one of the highest short-term inflation rates in years, is largely attributed to the disruption of energy markets amid the ongoing conflict with Iran. According to a report by the US Bureau of Labor Statistics, the inflation rate in March was 0.9 percent, up from 0.3 percent in February. This marks the largest increase since May 2022, during the peak of the cost-of-living crisis triggered by the COVID-19 pandemic. The March increase was primarily driven by energy prices, with gasoline prices surging by 21.2 percent and fuel oil prices increasing by more than 30 percent. The energy index saw a 10.9 percent increase in March, the largest monthly rise since September 2005. The escalation in prices followed the US and Israel's launch of an all-out war on Iran on February 28, which resulted in the killing of Iran's Supreme Leader Ali Khamenei. In response, Tehran closed the Strait of Hormuz, causing oil and gas prices worldwide to skyrocket. The price of a barrel of oil reached $120, up from about $70 on February 27. In the US, the price of one gallon of gasoline exceeded $4.1, a significant increase from less than $3 before the conflict began. Although a two-week ceasefire was agreed upon between the US and Iran, marine traffic in the Strait of Hormuz remains at a fraction of its pre-war levels. US President Donald Trump has warned Iran against blocking the strait or charging vessels for safe passage. About 20 percent of the world's oil passes through the Strait of Hormuz. While the ceasefire has brought some relief to the global energy market, with oil prices dropping to less than $100, US consumers are still paying $4.15 on average at the petrol pump. Experts suggest that it will take several months for prices to stabilize. The inflation report comes as US politicians focus on the cost of living and affordability, ahead of the November midterm elections. Trump's Democratic rivals have criticized him for launching the war without congressional approval, highlighting the increased economic costs for Americans.
#iran #war #percent
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Podcasts Apr 11, 2026

US-Iran Ceasefire at Risk: Impact of US Military Actions on Peace Talks

The US military's actions and rhetoric have raised concerns about the viability of a ceasefire with…
The recent developments between the US and Iran have sparked concerns about the future of the ceasefire and the potential for further escalation in the region. The US military's actions and statements have been closely watched by both Iranians and Americans, who are eager to understand the implications of these moves.Over the last 40 days, the situation has evolved significantly, with the US shifting its language and approach. This shift comes after international condemnation of the US's previous stance, which was criticized for its genocidal intent. The change in tone and approach has raised questions about its impact on both Iranian and American interests.The episode features insights from Negin Owliaei, Editor-in-chief of Truthout, providing a deeper understanding of the complexities at play. The discussion highlights the challenges and uncertainties surrounding the ceasefire and the potential consequences of the US's military actions.
#take #list #war
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World Economy Apr 10, 2026

Dallas Aims to Lure Financial Firms from New York with 'Y'all Street' Pitch

Dallas is aggressively promoting itself as a financial hub, seeking to lure firms and talent away f…
Dallas is positioning itself as a major player in the financial sector, with a bold initiative dubbed 'Y'all Street' aimed at stealing New York's financial crown. The city's aggressive push is backed by significant investments and incentives, including a $700m project by Goldman Sachs to build a new campus that will host over 5,000 staff.The Dallas-Fort Worth metro area has seen its financial sector workforce boom, surging 40% to 386,000 staff over the past decade. This growth has been fueled by multimillion-dollar subsidies and new fast-track business courts, as well as Texas's complete lack of corporation and income tax. Recent wins include a 10-year property tax break and $2.7m in grants that helped convince Scotiabank to relocate from North Carolina, bringing 1,000 jobs to the state.Nasdaq and the NYSE have also launched branches of their stock exchanges in Dallas, while a new Texas stock exchange (TXSE) is set to launch later this year with looser listing rules that are likely to appeal to right-leaning executives. The TXSE has even launched a TV ad campaign targeting New York, with a Texas longhorn shattering Wall Street's famous bull statue.Dallas's mayor, Eric Johnson, is serious about stealing finance jobs from New York, citing policy differences with liberal-leaning cities like New York as a major factor. Johnson's team is actively targeting firms put off by left-leaning policies, with a 10-person delegation sent to New York this month to meet and lure Wall Street executives southward.The city's pitches are intensifying, with a focus on being closer to big business clients and major tech firms that have shifted their center of gravity to Texas. Over the course of the 2020s, Texas surpassed California and became host to the largest number of NYSE-listed and Fortune 500 company headquarters of any American state.However, experts warn that the flood of wealthy bankers may put pressure on poorer families, particularly when it comes to rental prices. The surge in rental prices over the past 15 years has disproportionately hurt lower-income families, with rent eating up more than half their wages. Campaigners are now warning that, without targeted support, inequality across Dallas is likely to grow.To address these concerns, Dallas is trying to rapidly tackle the problem, with initiatives such as slashing parking requirements for new developments and rewriting building regulations to make it easier to push through smaller-scale developments for multi-family buildings.
#dallas #new #people
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Film Apr 10, 2026

Jim Jarmusch on His Seven-Year Journey to 'Father Mother Sister Brother'

Acclaimed director Jim Jarmusch discusses his latest film 'Father Mother Sister Brother', which won…
Jim Jarmusch, the 73-year-old director known for his offbeat Americana films, has spent seven years crafting his latest project, 'Father Mother Sister Brother'. The film, which won the prestigious Golden Lion at the Venice film festival, is an anthology drama that explores the complexities of family relationships through three distinct stories set in New Jersey, Dublin, and Paris.Jarmusch's approach to filmmaking is characterized by his unique ability to elicit low-key performances from big stars and his focus on the quotidian aspects of life. He cites influences from filmmakers like John Cassavetes and David Lynch, but emphasizes his own humanist approach. 'I make films out of the things other people would leave out,' he notes, highlighting his attention to detail and ability to find beauty in everyday moments.The film features a star-studded cast, including Cate Blanchett, Adam Driver, Mayim Bialik, and Tom Waits. Jarmusch's process involves casting first and then writing the script quickly, often in a matter of days. 'I cast first then write fast,' he explains, showcasing his collaborative approach with actors.Jarmusch reflects on his career, mentioning the challenges of getting films made without compromising his artistic vision. 'It's harder every time to get a film made,' he acknowledges, but remains committed to his unique approach. The director also touches on themes of mortality and the cyclical nature of life, emphasizing the importance of living in the present.The film 'Father Mother Sister Brother' is set to release in UK cinemas on April 10, offering audiences a glimpse into Jarmusch's distinctive filmmaking style and thematic explorations.
#jarmusch #rowlands #his
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Politics Apr 10, 2026

US Vice President JD Vance Cautions Iran Against Manipulating Islamabad Peace Talks Amid Lebanon‑Israel Conflict and Oil Shock

JD Vance warned Iran not to try "playing" the United States at the Islamabad negotiations, while Te…
JD Vance, the United States vice‑president, issued a stark warning to Tehran as he boarded Air Force Two for Pakistan: Iran must not attempt to "play" the United States at the peace talks scheduled for Saturday in Islamabad. The talks, mediated by Pakistan, could determine whether the fragile ceasefire in the region holds or if hostilities resume, with significant repercussions for the global economy, especially oil markets. Iranian parliamentary speaker Mohammad Bagher Ghalibaf and foreign minister Abbas Araghchi have conditioned their participation on two unmet measures: a full ceasefire in Lebanon and the release of Iran’s blocked assets. Ghalibaf posted on X that "Two of the measures mutually agreed upon between the parties have yet to be implemented." Uncertainty lingered on Friday night about whether the Iranian delegation would even travel to Islamabad. Earlier reports indicated that Israel had removed the Iranian officials from its bombing target list at Washington’s request. Meanwhile, Donald Trump amplified the tension, telling the New York Post that U.S. forces were "loading up the ships with the best ammunition" and would use them if negotiations failed. He later posted that Iran "has no cards" except short‑term extortion of international waterways. The backdrop to the talks is a worsening Lebanon‑Israel confrontation. More than 300 Lebanese civilians have been killed since the ceasefire began, and 13 Lebanese security personnel died in an Israeli strike on a government building in Nabatieh. Trump and Israeli Prime Minister Benjamin Netanyahu dispute whether the April 7 ceasefire between the U.S. and Iran includes Lebanon, and Israel continues bombing Hezbollah‑linked targets despite Netanyahu’s earlier statements about opening negotiations with the Lebanese government. Oil markets have felt the shock. The February 28 U.S.–Israeli strike on Iran and Tehran’s subsequent closure of the Strait of Hormuz—shutting off roughly one‑fifth of the world’s oil and liquefied natural gas—triggered a sharp price spike, adding political pressure ahead of the November U.S. congressional elections. Vance, however, expressed optimism as he departed for Islamabad: "We’re looking forward to the negotiation. I think it’s going to be positive. If the Iranians are willing to negotiate in good faith, we’re certainly willing to extend the open hand." He added, "If they’re going to try and play us, then they’ll find the negotiating team is not that receptive." The U.S. delegation also includes senior adviser Steve Witkoff and former senior adviser Jared Kushner, both of whom participated in earlier talks on Iran’s nuclear and missile programmes before the February attack. Negotiations are expected to focus on reopening the Strait of Hormuz, the future of Iran’s nuclear program, potential sanctions relief, reparations for war damage, and the release of Americans detained in Iran, according to the Washington Post. Advance teams from the United States and Iran have already taken up rooms at Islamabad’s five‑star Serena hotel, with Pakistani officials acting as intermediaries. Security forces have established a two‑mile perimeter around the hotel, declared a public holiday, and locked down the city centre to ensure a safe environment for the high‑stakes mediation. Hezbollah, while not commenting directly on the Lebanese‑Israeli negotiations, issued a statement urging the Lebanese government to stop "making gratuitous concessions" and vowed to continue fighting to "expel the occupier." The Lebanese army has reinforced its presence in Beirut following an Israeli strike that killed at least 303 people. Fighting persists in southern Lebanon, with Hezbollah claiming to have struck Israeli soldiers near Bint Jbeil—a town symbolic of resistance from the 2006 war—and launching rockets into Israel throughout Friday. Israel’s airstrikes across Lebanon have intensified, culminating in the Nabatieh attack that killed the highest number of Lebanese security forces to date.
#JD Vance #Iran #Islamabad peace talks
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Economy Apr 10, 2026

US Inflation Surges to 3.3% as Iran Conflict Drives Economic Uncertainty

The US inflation rate soared to 3.3% in March, driven by the ongoing conflict with Iran, which has …
The US inflation rate experienced a significant surge in March, rising to 3.3% over the year, with prices increasing by 0.9% compared to the previous month. This spike is largely attributed to the escalating conflict with Iran, which has resulted in a substantial increase in energy prices.The Consumer Price Index (CPI) for energy rose by 10.9% in March, primarily driven by a 21.2% increase in gasoline prices. This increase accounted for nearly three-quarters of the monthly all-items increase. Airfares also saw a notable rise, increasing by 2.7% in March and 14.9% higher than a year earlier.Core inflation, which excludes volatile food and energy prices, rose at a more modest 0.2% over the month and was 2.6% higher over the year. The annualized inflation rate has not exceeded 3% since summer 2024.The conflict with Iran has driven the American economy into deeper uncertainty, adding to the precariousness that began with Donald Trump's tariffs last year. The war has also led to a rise in oil prices, with US crude oil priced 10% higher than before the conflict and nearly 30% higher since the start of the year.Recent data shows that prices are affecting producers, with the gross domestic product (GDP) for the last quarter of 2025 revised down from an initial 1.4% to 0.5%. The prices index in the Institute for Supply Management's survey of managers saw its largest one-month increase in 13 years, rising from 63 in February to 70.7 in March.Consumer confidence is also falling, with the University of Michigan's closely-watched consumer confidence survey recording a 10.7% drop to its lowest level on record. Survey director Joanne Hsu noted that many consumers blame the Iran conflict for unfavorable changes to the economy.Despite the challenges, the labor market appears resilient, with employers adding 178,000 jobs in March and the unemployment rate falling to 4.3%. However, the Federal Reserve faces a tricky situation in adjusting interest rates amid the conflict, as raising rates could help curb inflation but risk destabilizing the labor market and increasing unemployment.
#Consumer Price Index #Federal Reserve #Iran
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Sports Apr 10, 2026

US Cities Weigh Withdrawal from 2031 Women's World Cup Hosting Bids Amid Fifa Concerns

Several US cities interested in hosting the 2031 Women's World Cup are considering withdrawal due t…
Some American cities shortlisted to host the 2031 Women's World Cup are contemplating withdrawal due to concerns related to Fifa's management of this summer's World Cup. The cities are exploring alternative options, such as focusing on hosting the 2031 Rugby World Cup instead.There are 40 stadiums on the US Soccer Federation's longlist for potential 2031 Women's World Cup venues, while World Rugby has received expressions of interest from 27 cities featuring 33 stadiums, with 20 stadiums appearing on both lists. Cities like Chicago and Pittsburgh have already declined to enter the running for Women's World Cup hosting rights, reportedly due to concerns about Fifa's financial demands.A source working with one of the cities in question noted that World Rugby is offering greater commercial freedom and has fewer demands regarding access to stadiums. Another source indicated that the Rugby World Cup is likely to be more profitable due to the demographic profile of rugby supporters and their expected spending on match attendance.Fifa delayed confirmation of the 2031 World Cup hosts from the end of this month to an unspecified date this year. The joint proposal from the US, Mexico, Costa Rica, and Jamaica is currently the only bid on the table. Additionally, there are concerns about the US government not providing Fifa with mandatory guarantees regarding obligations on visas, tax, safety, and security.The experience of dealing with Fifa for the upcoming men's World Cup has not been uniformly positive for all cities, with issues such as safety and security costs and public transport problems. World Rugby has announced that it will finance its event and share profits or losses with USA Rugby, rather than requiring hosts to underwrite the tournament.
#FIFA #US Soccer Federation #2031 Women's World Cup
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Politics Apr 10, 2026

The Normalization of Genocide: How the US and Israel's Actions in Gaza Paved the Way for War with Iran

The article argues that the US and Israel's actions in Gaza, including the killing of thousands of …
The recent threat by the US President to commit genocide against Iran is a stark reminder of the dangers of normalizing violence and aggression. This threat comes on the heels of Israel's continued bombing in Lebanon, which has resulted in the killing of over 200 people in a single day.The connection between these events and the situation in Gaza is clear. The destruction of Gaza, which has been described as a "civilization wiped out", has been normalized by western politicians and media outlets. The killing of thousands of Palestinians, including 20,000 children, has been met with relative silence and inaction.The article highlights the role of lobbying and strategic interests in shaping western policy towards Israel and Palestine. The American Israel Public Affairs Committee (AIPAC) has spent $221m since December 2021, influencing political campaigns and shaping public opinion.The author argues that the normalization of genocide in Gaza has paved the way for the current war with Iran. The use of similar rhetoric and tactics, such as the targeting of critical infrastructure and the dehumanization of enemies, has created a template for violence that is now being applied to Iran.The article concludes that the price of cowardice and complicity in these atrocities will be paid by innocent civilians in the Middle East and beyond. The normalization of genocide and violence has created a world where barbarism is accepted and the line between the permissible and the unthinkable is constantly shifting.
#United States #Israel #Gaza
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World Apr 10, 2026

Iranian‑American Congresswoman Yassamin Ansari Demands Trump’s Ouster Over Iran War and Alleged War Crimes

U.S. Representative Yassamin Ansari, the sole Iranian‑American Democrat in Congress, condemned Pres…
Congresswoman Yassamin Ansari – an Iranian‑American representative from Arizona – publicly labeled President Donald Trump an “evil human being” who aspires to be an emperor, and urged that he be removed from office in light of the escalating war with Iran. Ansari, whose parents fled the Iranian regime in the 1970s, issued a statement after Trump’s threat to annihilate Iran’s civilization was followed by a tentative two‑week cease‑fire. She expressed relief for the 90 million Iranians who had spent a harrowing day fearing a nuclear catastrophe. In a phone interview, the 34‑year‑old lawmaker described Trump as “mentally unstable, deeply troubled, and solely self‑interested,” adding that his policies have stripped basic services from average Americans while enriching his family. Ansari warned that Trump’s rhetoric – promising an “America first” stance yet launching strikes on seven nations – constitutes a clear danger to both Iran and the United States, and she called for the cabinet or Congress to intervene under the 25th Amendment. She cited a series of controversial foreign‑policy moves, including the alleged illegal kidnapping of Venezuelan leader Nicolás Maduro, threats to seize Greenland, erosion of NATO credibility, and talk of taking over Cuba. In Iran, she argued, the administration has already committed war crimes by targeting schools, bridges and hospitals. Ansari also highlighted the broader humanitarian fallout: destroyed civilian infrastructure, a collapsing economy, soaring food‑security risks, and mass starvation. She relayed a conversation with a young Iranian doctor who described doubled prices and a dire economic outlook, urging the U.S. to cease attacks on civilian targets. Beyond Trump, the congresswoman announced plans to introduce articles of impeachment against Defense Secretary Pete Hegseth, accusing him of repeatedly violating his oath by facilitating war‑crimes. She criticized Vice‑President JD Vance for not mobilising the cabinet to remove Trump, and warned that the current crisis represents a “five‑alarm‑fire moment” unprecedented in modern American history. Ansari’s remarks come amid a shifting Iranian diaspora sentiment. While some Iranian‑American groups initially celebrated the war’s onset, many now view the U.S. and Israeli bombing campaigns as counter‑productive, fearing they bolster the hard‑line regime. Following the death of Supreme Leader Ayatollah Ali Khamenei, the regime’s grip appears tighter, with his son Mojtaba Khamenei assuming leadership. Ansari stressed that the Islamic Revolutionary Guard Corps remains entrenched, and that the regime continues to exploit civilian suffering for propaganda. She concluded by urging Americans to recognise Iran’s rich cultural heritage and to reject the notion that bombing will liberate its people, emphasizing that the United States must avoid actions that only strengthen an authoritarian government.
#trump #iran #ansari
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