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Business May 19, 2026

US Extends Sanctions Waiver on Russian Oil: Market Impact

The US has extended a 30-day sanctions waiver for countries buying Russian oil and petroleum produc…
The US Sanctions Waiver Extension The United States has announced another 30-day extension of a sanctions waiver for countries buying Russian oil and petroleum products currently already loaded on tankers at sea. This decision, announced by Treasury Secretary Scott Bessent, will last until June 17 and aims to provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea. The Impact on Global Energy Markets The extension will provide additional flexibility, and the US will work with these nations to provide specific licenses as needed. This general license will help stabilize the physical crude market and ensure oil reaches the most energy-vulnerable countries. It will also help reroute existing supply to countries most in need by reducing China’s ability to stockpile discounted oil. The Data Analysis According to analytics firm Kpler, there is currently about 113 million barrels of oil or liquid volume (Mbbl) of Russian crude and condensate loaded on ships and at sea. Russian crude oil in transit is approximately 106Mbbls. Floating storage of Russian crude has declined significantly since the start of the year from a high of about 19Mbbls in late January to 7Mbbls now. The Impact Analysis The US waiver extension works in Moscow’s favor as it allows for more trade over a shorter distance. Despite US President Donald Trump claiming to have extracted a promise from Indian Prime Minister Narendra Modi to stop buying Russian oil, India and China remain consistent purchasers of Russian oil. In fact, Russian oil exports to India stood at more than 2 million bpd last month, while exports to China remained strong at 1.05 million bpd. The Prediction With the sanctions waiver now extended, Russian oil exports to other countries are likely to grow. However, experts believe that the impact of the waiver on prices will be limited, given that it only applies to oil already loaded on ships before mid-April. As a result, oil prices are likely to continue rising for as long as traffic through the Strait of Hormuz remains disrupted.
#US #Russia #Sanctions
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World Wide May 19, 2026

Amin Abdullah, 'hero' guard killed in San Diego mosque shooting

Amin Abdullah, a security guard at the Islamic Center in San Diego, was killed while trying to prev…
The San Diego Mosque ShootingA security guard at the Islamic Center in San Diego, California, has been hailed as a “hero” after he was killed while trying to prevent suspected shooters from entering the mosque complex in an attack police are investigating as a hate crime.At least three people were killed after two teenage attackers opened fire at the San Diego mosque on Monday. Authorities have yet to publicly identify the victims, but community leaders have named the guard as Amin Abdullah.Who was Amin Abdullah?A family friend identified the guard as a well-known face at the mosque, who had been working there for more than a decade, The Associated Press news agency reported.“He wanted to defend the innocent, so he decided to become a security guard,” said Sheikh Uthman Ibn Farooq, who had spoken with Abdullah’s son. The family could not immediately be reached for comment.Local media reports suggest that Abdullah was a father of eight.The Impact of the AttackUnited States officials said the guard “played a pivotal role” in preventing the attack from being “much worse”. “It’s fair to say his actions were heroic,” San Diego Police Chief Scott Wahl said at a news conference. “Undoubtedly, he saved lives today.”At the time of the shooting, children were attending a private school located inside the complex, according to ABC News.The Response to the AttackThe mosque’s director, Imam Taha Hassane, called it “extremely outrageous to target a place of worship”.“All the places of worship in our beautiful city should always be protected,” he said.He added that the centre focused on interfaith relations and community building, and that a group of non-Muslims had been touring the mosque earlier Monday to learn about Islam.The Council on American-Islamic Relations (CAIR), one of the largest Muslim civil rights and advocacy groups in the US, condemned the shooting.
#San Diego #Islamic Center #Amin Abdullah
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Business May 19, 2026

Son of Mango Founder Arrested in Connection with Father's Death

Jonathan Andic, son of Mango founder Isak Andic, has been arrested in Spain and is being questioned…
The Arrest of Mango HeirPolice in Catalonia have arrested Jonathan Andic, the son of Isak Andic, founder of the fashion chain Mango, in connection with the death of his father in the mountains near Barcelona almost 18 months ago. The arrest comes after the case was reclassified from an accident to a possible homicide investigation.Death of Fashion MogulIsak Andic, who was 71, died in December 2024 after apparently falling 100 metres down a ravine while hiking in Montserrat with his son, Jonathan. His death initially prompted tributes from politicians, journalists and the fashion world. Despite the initial assessment by Catalan police (Mossos d'Esquadra) that it was an accident, officers and judicial sources later revealed the case was being treated as a possible homicide.Investigation DevelopmentsOn Tuesday, the Mossos d'Esquadra confirmed Jonathan Andic's arrest. A spokesperson for the family confirmed he was being questioned over his father's death, stating "The cooperation has been, and will remain, total," and adding that the family was confident of Jonathan Andic's innocence.According to reports, police had found no direct or definitive evidence to explain what happened in the ravine, but had "come across a series of clues which, when taken together, had led them to move away from the idea of a mere accident and toward the possibility of a homicide." In September last year, a judge overseeing the case changed Jonathan Andic's official status from witness to possible suspect.Family ResponseThe Andic family has maintained a consistent position since the death, initially stating they would not comment on Isak Andic's death but showing respect for the ongoing investigations. They have repeatedly emphasized their cooperation with authorities and confidence in Jonathan Andic's innocence.Mango Empire BackgroundIsak Andic, born to a Sephardic Jewish family in Istanbul in 1953, emigrated to Catalonia with his relatives in the late 1960s. He started his career selling T-shirts to fellow high school pupils before progressing to a wholesale business and street markets. In 1984, he opened his first Mango store, recognizing the need for color and style in the market.Andic quickly expanded across Europe, realizing that having a consistent brand name across all stores would strengthen the concept. Today, Mango has grown into a global fashion empire with Jonathan Andic serving as vice-chair of the board following his father's death.
#Mango #Isak Andic #Jonathan Andic
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World Wide May 19, 2026

Gaza Aid Flotilla Intercepted: 41 Boats Raided, 10 Still Sailing Towards Blockaded Enclave

Israeli forces intercepted 41 boats in an aid flotilla heading to Gaza, while 10 vessels continue t…
The Mediterranean StandoffThe organisers of an aid flotilla bound for the Gaza Strip report that Israeli forces have raided 41 of their vessels in the eastern Mediterranean Sea, while 10 boats continue sailing toward the besieged Palestinian enclave. The remaining vessels were positioned approximately 121 nautical miles (224km) from Gaza as of Tuesday morning, according to the Global Sumud Flotilla.The Final Journey ChallengeMore than 50 vessels departed from the Turkish port city of Marmaris last week, marking what organizers described as the final stage of a mission aimed directly at challenging Israel's longstanding blockade of Gaza. The flotilla represents one of the most organized attempts to breach the restrictions imposed on the territory since 2007.International Waters ConfrontationIsraeli forces began storming the boats in international waters off the coast of Cyprus on Monday, with organizers stating that activists were abducted during the operation. The incident has drawn international attention as it occurred in waters beyond Israel's immediate jurisdiction, raising questions about the legality of the interception.Diplomatic CondemnationSeveral countries have strongly condemned the Israeli actions against the aid flotilla. The foreign ministers of Turkiye, Spain, Jordan, Pakistan, Bangladesh, Brazil, Indonesia, Colombia, Libya, and the Maldives issued a joint statement describing the Israeli forces' actions as "blatant violations of international law and international humanitarian law." The ministers expressed serious concern regarding the safety of civilian participants and called for the immediate release of all detained activists.Political DimensionsThe incident has taken on political significance with the involvement of high-profile individuals. Margaret Connolly, an Irish doctor and sister of Irish President Catherine Connolly, was among those "illegally kidnapped" by Israel according to organizers. President Connolly, during talks in London with King Charles III, expressed her worry and concern about her sister and colleagues, though she noted she had no specific details about their situation.The Blockade ContextIsrael has maintained a strict blockade on Gaza since 2007, stating it is necessary to prevent weapons from reaching Hamas and other Palestinian armed groups. However, rights groups and humanitarian organizations have consistently criticized the blockade, characterizing it as collective punishment imposed on Gaza's civilian population. The current flotilla represents the latest challenge to this policy that has restricted movement and goods into the territory for nearly two decades.
#Israel #Gaza #Aid Flotilla
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Politics May 19, 2026

Andy Burnham: The 'King of the North' Eyeing UK's Top Job

Manchester Mayor Andy Burnham, dubbed the 'King of the North,' is positioning himself as a potentia…
The Rise of Andy Burnham in UK PoliticsWith UK Prime Minister Keir Starmer under pressure from within his own party to announce his resignation, Manchester Mayor Andy Burnham has announced an ambitious plan of his own – to win a parliamentary seat in the northern English town Ashton-in-Makerfield. According to his supporters, he is the best candidate to replace Starmer by the time of the Labour Party's next annual conference in September.Many in the party are hungry for a change following a series of missteps, culminating in a disastrous showing in local elections in early May. Despite winning an overwhelming majority in the 2024 general election, Labour languishes in the polls, often coming second to the right-wing Reform party. According to Ipsos, Starmer is the most unpopular prime minister since polling began in the late 1970s.Burnham's Political Journey: From Insider to OutsiderAnalysts say Burnham has appeal because of his apparent distance from the "Westminster bubble." That perception was consolidated in February when, in a move seen by many as protecting a vulnerable Starmer, Labour's ruling National Executive Committee (NEC) prevented Burnham from standing in the Manchester Gorton and Denton by-election, which was eventually won by the Green Party.Burnham, whose speech is peppered with northern colloquialisms, leans into his outsider status. But he has also served as a prominent member of Labour's front bench, both in power and opposition. Before winning the Manchester mayoralty in 2017, he served as Chief Secretary to the Treasury and later Secretary of State for Health under Gordon Brown, giving him a front-line role in managing the aftermath of the 2008 financial crisis and NHS reform debates during a period of tightening public spending.He also twice challenged for the party's leadership. Firstly, in 2010, after Gordon Brown resigned following Labour's general election defeat, he entered the contest only to finish fourth behind winner Ed Miliband. In 2015, after Ed Miliband stepped down, he was a distant second to Jeremy Corbyn.The "King of the North" and His Political ImpactHis disillusionment with mainstream politics began in 2009, when he was culture secretary. At an event marking the anniversary of the Hillsborough Disaster, in which 97 Liverpool fans were crushed to death 20 years earlier, he was heckled, prompting a campaign for an inquiry."I realised was that the entire British state had been ignoring an English city crying out for justice for 20 years. It wasn't just by accident. It was deliberate," he said in January. "I was thrown into crisis by that invitation because I was in a government that hadn't done anything for the Liverpool supporters and the city of Liverpool."From his victory in 2017 to his re-elections in 2021 and 2024, Burnham has focused on expanding devolved powers for the city region, including greater control over transport, housing and skills funding. His tenure has also been marked by the introduction of bus franchising reforms, the so-called Bee Network, designed to bring services back under public control, alongside initiatives addressing homelessness and rough sleeping.His high-profile clashes with Westminster during the COVID-19 pandemic, particularly over funding for local restrictions in Greater Manchester, led sections of the press to dub him the "King of the North," a moniker that first emerged humorously in 2020 but has come to be viewed more seriously as his national profile has grown.Burnham's Stances on Key Global IssuesBurnham's conflicts with Labour are not confined to national issues. In late October 2023, while much of the Labour Party was offering Israel support, Burnham joined with London Mayor Sadiq Khan and Scottish Labour leader Anas Sarwar in calling for a ceasefire in Gaza.Burnham has criticised Israel's illegal settlements and Prime Minister Benjamin Netanyahu. He visited the occupied West Bank with Labour Friends of Palestine in 2012 and told the Palestine Solidarity campaign in July that year that statehood was "not a gift to be given but a right to be recognised".However, he also supports Israel. A member of Labour Friends of Israel since 2015, Burnham said during his leadership campaign then that if successful, his first state visit would be to Israel. He also dismissed the campaign to boycott Israel "spiteful".While a strident critic of the so-called War on Terror, he nevertheless voted in favour of the Iraq war, and twice against an inquiry. In 2023, he conceded that while there was a case for removing Iraqi leader Saddam Hussein, "I can't justify the rage, the rhetoric, the haste with which it was done, nor the lack of a plan for the aftermath."Burnham also backs the UK's traditional network of alliances. He has criticised the UK's exit from the bloc, using an appearance at last year's conference to lambast his own party for its failure to "call out" the economic damage Brexit had done. He told a fringe event that he hoped in his lifetime to see the UK rejoin the EU. He has shown firm support to Nato, threatening to quit Jeremy Corbyn's cabinet if it decided to leave the alliance if elected.The Path to Downing Street: Challenges and OpportunitiesStanding between Burnham and 10 Downing Street is an as yet unscheduled by election and the insurgent right wing Reform Party. Leader Nigel Farage has told reporters the party will "throw absolutely everything" at the Ashton in Makerfield by-election.So, while Burnham may enjoy the title of King of the North. His coronation remains uncertain. The coming months will be critical as Burnham seeks to establish his credentials as a potential national leader while navigating the complex landscape of UK politics, both within his own party and in the wider political arena.
#Andy Burnham #UK Politics #Keir Starmer
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Economy May 19, 2026

UK Energy Bills Forecast to Rise by £200 in July

UK households may see a £200 increase in energy bills from July, reaching nearly £1,900 per year, d…
The Looming Energy Bill Increase Households in Great Britain could see their energy bills increase by over £200 a year to almost £1,900 from this summer in “a kick in the teeth” for millions struggling with the cost of living crisis. Forecasted Price Cap A typical gas and electricity bill is now forecast to reach £1,850 a year from July under the industry regulator Ofgem’s quarterly price cap, according to analysis by the energy consultancy Cornwall Insight. The Data Analysis The expected rise is nearly 13% higher than the £1,641 cap on energy bills set for April to June. This adds £209 to a typical annual bill. The increase is driven by rising wholesale energy prices, which climbed sharply in February and March. The Impact Analysis The main driver for the increase is rising wholesale energy prices, according to Cornwall. Prices climbed sharply in February and March after Tehran effectively cut off Gulf energy supplies to the global market by shutting the strait of Hormuz in response to the US-Israeli strikes on Iran. The Prediction Although the summer energy cap rise will be painful for households, the bigger concern is bills from October when households typically use more energy and face higher bills as a result. The consultancy said that, even if the Iran war ended tomorrow, “the physical damage to infrastructure, and lingering effect of disrupted supply, means a fall back to April’s price cap levels in the autumn looks unlikely”.
#UK Energy Bills #Cost of Living Crisis #Ofgem
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World Wide May 19, 2026

San Diego Mosque Shooting: Three Dead in Suspected Hate Crime Attack

Two teenage gunmen killed three people at the Islamic Center of San Diego before taking their own l…
The San Diego Mosque Attack: A Tragedy UnfoldsTwo teenage gunmen opened fire at the Islamic Center of San Diego on Monday, killing three men before later killing themselves, according to police. Authorities are investigating the attack as a possible hate crime, which occurred just before the Muslim holiday of Eid al-Adha and the annual Hajj pilgrimage.Chronology of the Mosque ShootingAt about 9:42am local time on Monday, police received a call from a mother reporting a "runaway juvenile." The caller shared information that her son was suicidal, several weapons were missing, and her vehicle was missing. Roughly two hours later, at about 11:43am local time, officers responded to reports of an active shooter at the Islamic Center of San Diego.When officers arrived, they found three people dead outside the building, prompting an "active shooter response" inside the complex. As police secured the area, gunfire erupted a few blocks away, where a landscaper was shot at but not injured. The suspected attackers were later found dead inside a vehicle stopped on a nearby road.Victims Identified and RememberedAmong the deceased victims was a security guard who worked at the center and "played a pivotal role" in preventing the attack from being "much worse," officials said. "It's fair to say his actions were heroic," said San Diego Police Chief Scott Wahl. "Undoubtedly, he saved lives today."Authorities have not yet publicly identified all three victims, but community leaders have identified the guard as Amin Abdullah. Local media reports suggested he was a father of eight.Attackers' Profile and MotiveThe two suspects found dead inside a vehicle were teenagers, aged 17 and 19 years old. Police said the mother who contacted authorities earlier in the day told investigators the pair were dressed in camouflage clothing and traveling together in a vehicle that had been reported missing."There was definitely hate rhetoric that was involved," Wahl said, though there was no specific threat against the Islamic Center of San Diego. Authorities said the teenagers killed three people, including the security guard, before later killing themselves.Community and Official ResponseThe Council on American-Islamic Relations condemned the shooting, with CAIR-San Diego Executive Director Tazheen Nizam stating: "No one should ever fear for their safety while attending prayers or studying at an elementary school."California Governor Gavin Newsom released a statement saying he was "horrified by today's violent attack," adding that "hate has no place in California." New York City's first Muslim mayor, Zohran Mamdani, commented that "Islamophobia endangers Muslim communities across this country" and called for standing together against "the politics of fear and division."Rising Tide of Islamophobia in AmericaUS civil rights advocates have for years warned about rising Islamophobia, linking it to the aftermath of the September 11, 2001 attacks, the so-called war on terror, anti-immigration rhetoric, white supremacist movements, and tensions surrounding Israel's war on Gaza.CAIR reported recording 8,683 anti-Muslim and anti-Arab complaints in 2025, the highest number since the organization began publishing data in 1996. A separate study published in April by the Center for the Study of Organized Hate found a sharp rise in anti-Muslim rhetoric from Republican elected officials since early 2025.Historical Context: Mosque Attacks in the USRights groups have pointed to growing threats and attacks against mosques, Islamic schools, and Muslim community centers across the US in recent years. In February 2026, shots were fired at the Pike County Islamic Center in Matamoras, Pennsylvania, during the holy month of Ramadan. In October 2023, six-year-old Palestinian American boy Wadea Al-Fayoume was killed in Illinois in what authorities described as a hate crime linked to the war on Gaza.Aftermath and InvestigationAuthorities have reduced the "Genasys advisory zone" around the Islamic Center of San Diego as the investigation moves from the emergency response phase into what officials described as the "investigative phase." The restricted area has now been narrowed to Eckstrom Avenue, Cosmo Street, Balboa Avenue, and Hathaway Street.Police have encouraged residents to download the Genasys Protect app to receive emergency and public safety alerts directly for their area. The investigation continues as authorities work to determine what led to the shooting and whether it was indeed a hate crime.Path Forward for Muslim CommunitiesThe attack has raised concerns about the safety of Muslim places of worship and community centers across the United States. As the investigation continues, Muslim community leaders are calling for increased protection of religious institutions and a broader societal conversation about combating Islamophobia and hate crimes.The Islamic Center of San Diego, the largest mosque in San Diego county serving a congregation of more than 5,000 people, has vowed to continue its mission of serving the religious needs of San Diego's Muslim community while supporting and educating the wider public, despite this tragic incident.
#San Diego #Mosque Shooting #Hate Crime
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World Wide May 19, 2026

Iran War Day 81: Trump Delays Attack, Tehran Refuses to Surrender

US President Donald Trump postponed a planned attack on Iran following requests from Gulf allies, w…
The Lead United States President Donald Trump said he postponed a planned attack on Iran after requests from the leaders of Qatar, Saudi Arabia and the United Arab Emirates, adding that “serious negotiations are now taking place” behind the scenes. Iran's Stance on Negotiations Iranian President Masoud Pezeshkian defended Tehran’s participation in talks while rejecting suggestions that the country was backing down under pressure. “Dialogue does not mean surrender,” he said, adding that Iran had entered negotiations “with dignity, authority, and the preservation of the nation’s rights”. Escalating Tensions in the Region Meanwhile, there is no letup in Israeli attacks on Lebanon as the death toll crossed 3,000, with at least seven people reported killed on Monday, according to local reports, despite a US-brokered extension of the “ceasefire”. Iranian Military Actions The Islamic Revolutionary Guard Corps (IRGC) said its forces struck groups linked to the US and Israel in the western province of Kurdistan, near the border with Iraq. The IRGC said fibre-optic cables passing through the Strait of Hormuz could be brought under a system of permits as Tehran tightens control over the waterway. Mohsen Rezaei, a member of Iran’s Expediency Discernment Council, mocked Trump for setting and then cancelling a deadline for a military attack on Iran, saying Tehran would not surrender under pressure. Major-General Ali Abdollahi, commander of Iran’s Khatam al-Anbiya Central Headquarters, warned the US and its allies against making another “strategic mistake or miscalculation”. Diplomatic Efforts Pakistan has been playing a central role in indirect negotiations between Washington and Tehran, with Iran saying it delivered its response to the latest US proposal through Islamabad. Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani has also expressed support for Pakistan’s mediation efforts aimed at resolving the crisis through diplomatic means. US Response and Reactions The US president touted a “very positive development” in talks with Iran, which convinced him to postpone a planned military attack. Treasury Secretary Scott Bessent said the US has extended its sanctions waiver for Russian oil cargoes already at sea by 30 days. Matt Duss, executive vice president at the Center for International Policy, said Trump’s insistence that Iran accept zero uranium enrichment had made a deal impossible. Regional Impact Israeli strikes have killed more than 3,000 people in Lebanon since March 2, the Ministry of Public Health said. Hezbollah’s drone attack on Israeli troops: The Lebanese group said it attacked Israeli soldiers with drones in the southern town of Rachaf in retaliation for deadly Israeli strikes on villages in the south. Iraqi forces carried out large-scale sweeps in western desert areas following unconfirmed reports of covert Israeli military sites in the region.
#Iran #Donald Trump #Masoud Pezeshkian
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Economy May 19, 2026

UK Unemployment Jumps to 5% as Iran War Dampens Economic Recovery

The UK's unemployment rate has jumped back to 5% in March, dashing Chancellor Rachel Reeves' hopes …
The Lead The UK's unemployment rate has unexpectedly jumped back to 5% in March, according to the Office for National Statistics (ONS). This development is likely to disappoint Chancellor Rachel Reeves, who had hoped to claim that she had brought stability to the economy and public finances in 2026. Unemployment Rate Reverses Previous Gains The unemployment rate had previously fallen to 4.9% in February, but it ticked back up to 5% between January and March. This is the first set of figures affected by the conflict in Iran. Economic Impact of the Iran War The Iran war has unleashed a fresh wave of inflation and rocked business confidence. The number of payrolled jobs in the economy fell by 100,000, or 0.3%, in April, according to more timely employment data using PAYE data from HMRC. Wage Growth at a Five-Year Low Regular pay, excluding bonuses, increased at a rate of just 3.4% from January to March, the weakest rate since August-October 2020. In the private sector, regular pay growth was just 3%. Monetary Policy Implications The Bank of England's monetary policy committee (MPC) will have to decide whether to raise interest rates next month to forestall second-round effects. However, the weakness of the labour market is a vital factor they are monitoring, and some economists believe that this data will allow the MPC to stay on hold for longer. Political Implications For Reeves and her boss Keir Starmer, the data suggest that while the International Monetary Fund may have given the chancellor their seal of approval, households hit hard by rising unemployment and squeezed living standards are unlikely to be feeling sympathetic.
#UK Unemployment #Iran War #Economic Recovery
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