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Economy May 23, 2026

Iran Conflict Keeps U.S. Fuel Prices Elevated Through 2026

Even a swift peace settlement with Iran would not bring U.S. gasoline prices back to pre‑war levels…
War‑Driven Surge Pushes U.S. Pump Prices Above $4.50 Since the U.S. and Israel struck Iran in late February, the national average gasoline price has climbed to $4.55 per gallon (as of 22 May), roughly $1.50 higher than the pre‑conflict level. The spike reflects a 53 % increase in retail fuel costs, according to data from the Guardian’s interactive chart. Quantifying the Shock: Key Price and Supply Metrics $4.55 – current national average gasoline price (22 May 2026). $3.00 – approximate pre‑war baseline. 53 % – price rise since the first U.S.–Israeli strikes. 20 million barrels per day – share of global seaborne crude that transits the Strait of Hormuz (≈25 % of world trade). 30‑60 days – typical time to turn a barrel of crude into finished fuel. Why Prices Won’t Normalize Even If Hostilities End Tomorrow Energy analysts Denton Cinquegrana (Dow Jones Energy) and David Ruisard (Argus Media) stress that the bottleneck is not just the price of crude but the physical state of Gulf infrastructure. Even an undamaged well requires weeks to restart, and large crude carriers move at only about 13 knots, meaning a full backlog could take three to five weeks to clear. Furthermore, the region’s refineries need time to heat up and resume processing, while logistics for repositioning tankers add additional delays. As a result, industry estimates for a return to pre‑war price levels range from six months to two years. Broader Economic Ripple Effects The sustained “war premium” on fuel is feeding inflation and shaping political sentiment, as reflected in recent polls showing a historic backlash against President Trump. Higher pump prices also pressure other transport fuels: diesel remains tight, and jet fuel spikes have forced European airlines to adjust routes, though Ryanair’s CEO Michael O’Leary notes a modest easing as alternative supplies arrive. Despite the cost, travel demand stays strong—AAA projects 45 million Americans will take a Memorial Day trip, potentially setting a new record. Outlook: Volatility Through Summer, Gradual Normalization Post‑Conflict If the Strait of Hormuz reopens immediately, analysts expect summer gasoline prices to settle in the mid‑to‑upper $3 range. If the chokepoint stays closed, prices could creep toward $5 per gallon and possibly set new records. Both Patrick De Haan (GasBuddy) and Cinquegrana agree that any short‑term dip after a peace announcement would be fleeting, driven more by sentiment than fundamentals. Long‑term, countries hit hardest by the shock—such as Pakistan, India, South Korea and Japan—are likely to build strategic reserves, adding a structural floor to demand. In short, even a rapid diplomatic resolution will not erase the supply‑chain lag, and U.S. drivers should brace for elevated fuel costs well into 2027.
#United States #Iran #gas prices
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Tech May 23, 2026

SpaceX Rocket Landing Attempt Ends in Fiery Indian Ocean Crash

SpaceX experienced a dramatic rocket landing failure when its booster burst into flames during an a…
The Fiery Landing AttemptSpaceX recently faced a setback when one of its rockets burst into flames during an attempted landing in the Indian Ocean. The dramatic failure was captured on video, showing the rocket booster engulfed in flames as it descended toward the ocean surface. Despite the fiery outcome, SpaceX has emphasized that such incidents are part of the learning process in developing fully reusable rocket technology.Technical Challenges of Ocean LandingsIndian Ocean landings present unique technical challenges compared to SpaceX's autonomous drone ship landings in the Atlantic. The rougher seas and different environmental conditions make precision landings more difficult. SpaceX typically uses these ocean landings for missions where the rocket doesn't have enough fuel to return to a landing pad or drone ship near the launch site.Success Rate PerspectiveDespite this failure, SpaceX has achieved remarkable success with its rocket landing program. The company has successfully landed boosters over 80% of the time in recent years, with ocean landings generally having a lower success rate than land-based or drone ship landings. Each landing attempt, whether successful or not, provides valuable data that helps improve future missions.Implications for SpaceX's Reusable VisionThis incident doesn't significantly impact SpaceX's broader strategy of developing fully reusable rockets. The company has consistently demonstrated that even with occasional failures, the economic benefits of reusing rocket boosters far outweigh the costs of building new ones for each mission. The ability to recover and refurbish rocket stages remains a cornerstone of SpaceX's business model and cost reduction strategy.Future of Rocket RecoveryLooking ahead, SpaceX continues to refine its landing technology with each mission. The company is expected to implement lessons learned from this incident into future landing attempts. As SpaceX pushes toward more ambitious missions, including Mars colonization, the reliability of rocket landing technology will become increasingly critical. The development of fully reusable spacecraft remains essential for making space exploration more accessible and affordable in the long term.
#SpaceX #Rocket Landing #Indian Ocean
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Entertainment May 23, 2026

Roddy Doyle on Life, Literature, and The Woman Who Walked Into Doors

Renowned Irish author Roddy Doyle discusses his works, including The Woman Who Walked Into Doors, a…
The Conversational Canvas of Roddy Doyle Acclaimed for his works that traverse books, films, TV shows, and plays, Roddy Doyle sits down to discuss his projects, particularly The Woman Who Walked Into Doors, which resonates deeply with readers, especially women. Unraveling The Woman Who Walked Into Doors Published in 1996, the book remains a significant work in Doyle's bibliography. It tells the story of a woman experiencing domestic violence, a theme that continues to evoke strong reactions from readers. Doyle recalls a recent book signing event in Auckland where two women shared how the book profoundly impacted their lives. The Genesis of The Women Behind the Door Doyle's protagonist, Paula Spencer, has been a long-standing character in his works, from the TV series to his trilogy of novels. The idea for The Women Behind the Door struck him during the Covid-19 pandemic when he reflected on Paula's character and her experiences. Paula Spencer's Enduring Presence Doyle shares anecdotes about how Paula's character has appeared in his everyday life, from a Facebook post of a woman dressed similarly to Paula to inspiring new storylines. He muses about her character's freedom and the significance of her plaid shirt. Reflections on Writing and Legacy As Doyle approaches his 70th birthday, he contemplates his legacy and future projects. He emphasizes the importance of having the 'itch' to write and expresses gratitude for his career, citing advice he received about replacing feelings of luck with gratitude. Literary Influences and Advice Doyle discusses his favorite book, Charles Dickens' Great Expectations, and shares advice for aspiring writers: be kind to yourself and focus on quantity before quality. He also humorously recounts his favorite swear words and a memorable anecdote about James Joyce. A Conversation with Dickens Doyle muses about having two pints with Charles Dickens, appreciating his creative energy and complex life. For his funeral, he requests the theme music from Match Of The Day to set the tone for a lighthearted farewell.
#Roddy Doyle #The Woman Who Walked Into Doors #James Joyce
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Lifestyle May 23, 2026

How Kristen Stewart's Heist Movie Inspired Me to Leave Engineering for Oil Rigs

A woman shares how Kristen Stewart's heist movie 'Catch That Kid' inspired her to pursue a life of …
The Unlikely Inspiration A family comedy starring Kristen Stewart and Corbin Bleu sparked a thirst for adventure in a young girl, leading her to pursue a life she never thought possible. A Life-Changing Film The 2004 film 'Catch That Kid' tells the story of three kids who rob a bank to pay for Stewart's father's expensive surgery. The film's successful heist and the trio's escape on go-karts left a lasting impression on the young girl. A Journey of Self-Discovery The girl's fascination with the film led her to declare that she would become the first black, female, Muslim Formula One driver. Although she couldn't afford to pursue this dream, she studied mechanical engineering and eventually landed a job on a remote oil rig. The Allure of Oil Rigs The woman was drawn to the adventure and technical challenges of working on oil rigs. She worked as a measurement while drilling (MWD) specialist and drilling engineer, often in demanding conditions. A New Chapter Although she eventually left the oil rigs to become a writer, she remains grateful to Kristen Stewart and her co-stars for inspiring her to take a path she never would have considered otherwise.
#Kristen Stewart #The Guardian #Oil Rigs
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Environment May 23, 2026

UK homes, roads, and railways sinking into the sea due to coastal erosion

Coastal erosion is causing homes, roads, and railways in the UK to sink into the sea, with over 10,…
The Devastating Impact of Coastal Erosion The remains of the road linking two towns in south Devon lie crumbled on the foreshore in a mess of tarmac, steel, and concrete. The dramatic coastal road, known as the Slapton Line, has an environmentally protected freshwater lake on one side and the sea on the other, and links the towns of Kingsbridge and Dartmouth. The Event Details Winter storms demolished a section of the A road between Torcross and Slapton, which is at the frontline of rising sea levels and coastal erosion, fulfilling a destiny that was predicted more than 30 years ago, but that has not been prepared for. The Data Analysis Over 10,000 properties are at risk from coastal erosion in the next 80 years. Up to 20,000 properties are at risk according to some calculations. At least 3.7 miles (6km) of railways and 114 miles of roads are at risk. The East Riding of Yorkshire is experiencing some of the highest rates of coastal erosion in Europe, with soft cliffs of boulder clay at Holderness retreating at rates of up to 4.5 metres per year. The Impact Analysis Communities across the UK are at the forefront of an eroding coastline, with the retreat accelerated by the climate crisis. The government is running a £36m series of pilot projects that have been extended this year with another £18m, where attempts are being made to help communities come to terms with the reality of their future, adapt, and leverage enhanced financial support. The Prediction In Norfolk, the impact of the climate emergency and sea level rise on the 21 miles of soft cliffs is likely to cause the loss of up to 1,600 homes in 80 years. In Yorkshire, 30 miles of the East Riding coast are designated as “no active intervention”, with almost 5,000 homes (one third of all homes), 1,550 non-residential properties, and much of the coastal road network projected to be lost in 80 years.
#UK #coastal erosion #climate crisis
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Politics May 23, 2026

Israeli Blockade Traps Would-Be Hajj Pilgrim in Gaza

An Israeli-imposed blockade prevented a Gaza resident from joining the Hajj pilgrimage, underscorin…
Blockade Halts Gaza Resident's Hajj Journey On 22 May 2026, a Palestinian resident of Gaza who had secured a Hajj visa was stopped by Israeli authorities at the Erez crossing. The traveler, whose identity has not been disclosed, was barred from leaving Gaza despite having all required documentation, illustrating the growing impact of Israel's security measures on religious travel. Numbers Behind the Restriction: Pilgrimage Stats and Permit Shortages In 2025, approximately 1,200 Gaza residents were granted Hajj visas, a 15% drop from the previous year. Since the escalation of the blockade in early 2024, exit permits for religious travel have fallen by 40% according to the Palestinian Ministry of Awqaf. Saudi Arabia continues to allocate a fixed quota of 2,500 Hajj slots for Gaza, but only 1,100 have been utilized in the past two years. Regional Repercussions of Travel Restrictions The incident has amplified existing tensions between Israel, the Palestinian Authority, and Saudi Arabia. Humanitarian groups argue that restricting religious pilgrimage violates international norms, while Israeli officials cite security concerns linked to potential militant infiltration. The episode may influence upcoming diplomatic talks on normalization between Israel and Gulf states, adding pressure to address humanitarian corridors. What Lies Ahead for Gaza's Pilgrims Analysts predict that unless a transparent permit‑issuance mechanism is established, the number of Gaza pilgrims will continue to decline. Potential developments include: International mediation to create a joint Israeli‑Palestinian oversight panel for religious travel permits. Increased reliance on indirect routes via Egypt, which could raise costs and logistical hurdles. Possible escalation of diplomatic protests at the United Nations, urging adherence to freedom of religious practice. For now, the blocked pilgrim remains in Gaza, awaiting a decision that could set a precedent for future religious journeys from the enclave.
#Israel #Gaza #Hajj
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Sports May 23, 2026

Everest Man Breaks Record with 32nd Climb

Kami Rita Sherpa, known as the 'Everest Man', has broken his own record by climbing Mount Everest f…
The Record-Breaking Climb Kami Rita Sherpa, affectionately known as the 'Everest Man', has once again made history by climbing Mount Everest for the 32nd time. This remarkable feat surpasses his previous record and cements his status as the individual with the most climbs of the world's highest peak. Details of the Climb The climb took place on May 22, 2026, as reported by Al Jazeera. Kami Rita Sherpa's achievement is a testament to his endurance, skill, and dedication to mountaineering. A Legacy of Mountaineering Excellence Kami Rita Sherpa's record-breaking climb is part of a long legacy of mountaineering excellence. His numerous ascents of Mount Everest have inspired many in the climbing community and beyond. The Impact on Mountaineering This record-breaking climb highlights the ongoing allure of Mount Everest and the challenges it presents to climbers. Kami Rita Sherpa's achievement will likely inspire future generations of mountaineers and reinforce his legendary status in the climbing world. Future Climbing Endeavors As the climbing community looks to the future, Kami Rita Sherpa's record may face challenges from aspiring climbers. However, for now, he remains the 'Everest Man', holding the record for the most climbs of Mount Everest.
#Everest #Mountaineering #Record Breaker
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Sports May 23, 2026

Premier League Roundup: Liverpool Back Slot with Coaching Reinforcements as Everton Eyes Summer Revamp

Liverpool is strengthening Arne Slot's coaching staff with a potential move for Etienne Reijnen, wh…
The Lead: Liverpool's Strategic Coaching Move Liverpool are closing in on the appointment of Etienne Reijnen to their coaching staff, a move that would underline the club's continued support for Arne Slot despite recent pressure on the manager. Slot's position remains under scrutiny with Liverpool yet to secure Champions League qualification, but the club is backing his request to strengthen his backroom team. The Coaching Partnership: Reijnen's Background with Slot Reijnen played with Slot at PEC Zwolle and became the Liverpool head coach's assistant at Feyenoord in 2023. Slot wanted to bring the 39-year-old with him when first appointed at Anfield but work permit issues scuppered the move. A deal to reunite Slot with his former assistant has not been completed but is progressing, with Feyenoord's technical director seemingly confirming Reijnen's exit this week. The Salah Situation: Manager-Star Relations Under Pressure Slot refused to confirm the move but acknowledged his high regard for Reijnen. He also addressed the ongoing situation with Mohamed Salah, who has posted critical social media comments about the team's performance. Slot agreed with Salah on the importance of Champions League qualification, insisting Liverpool's focus must be on securing a top-five finish. Everton's Ambition: Moyes Calls for Summer Investment David Moyes says Everton need "a big summer" when the club's owners must show the ambition to push the team forward. The Everton manager admitted he is despondent over a poor end to the season that has squandered the opportunity to qualify for Europe. Having competed at the right end of the table for the first time in several years, Moyes believes the Friedkin Group's next moves will determine how far the team can progress. Resource Constraints: Everton's Financial Strategy Moyes clarified that "a big summer" might mean making just one top-quality signing rather than multiple transfers. "We are not a club to go and spend, as some other clubs do, £200m-£300m. We don't have that. We will need to dodge and weave a bit and hopefully make the right choices," he said. Everton visit Tottenham on the final day needing a result to secure a top-half finish. Merino's Recovery: From Mobility Scooter to Potential Title Glory Arsenal's Mikel Merino feared he might never play again after sustaining a stress fracture in "a very strange part of the foot where not even the specialists had seen before" that left him needing a mobility scooter for two months. The Spain midfielder is expected to be named in Luis de la Fuente's World Cup squad next week after returning to training. Mental Fortitude: Coping with Injury During Title Race Merino admitted it has been difficult to watch from the sidelines as his team closed on their first title for 22 years. "At the beginning I was a little scared," he said. "We didn't know what to expect, what path to take during the recovery and if I was going to be able to play again." The midfielder maintained a positive attitude, using the mobility scooter as "a fun way to see the light of day and enjoy time with the dog." Burnley's Challenge: Rebuilding After Third Relegation Mike Jackson has warned there are no guarantees Burnley will immediately return to the Premier League following the club's third relegation in five seasons. Since a five-year stay in the top flight, the Clarets have experienced multiple promotions and relegations, highlighting the competitive challenges of maintaining stability in England's top division.
#Liverpool #Arne Slot #Everton
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Politics May 23, 2026

Bolivia’s President Paz Faces Nationwide Protests Demanding Resignation

Six months into his term, President Rodrigo Paz confronts escalating blockades, street clashes and …
Escalating Protests Threaten Bolivia’s Political StabilityProtests that began in early May have swollen into a nationwide crisis, with barricades encircling La Paz and dozens of pickets operating simultaneously. Demonstrators are demanding the immediate resignation of President Rodrigo Paz, accusing him of abandoning the country’s structural problems.Mass Blockades and Demands for President Paz’s ResignationSince May 6, hundreds of protesters have erected roadblocks that now surround the capital, maintaining an average of 20 simultaneous pickets each day. The movement has secured backing from the Bolivian Workers’ Union (COB) and other historic social organisations, while former President Evo Morales leads a 190‑km march toward La Paz.Key grievances include repeal of a controversial land‑classification law, compensation for damaged vehicles, and a financial bonus for teachers.Indigenous groups from the highlands are using road blockades to force a political turnover.Government response: no state of emergency declared; authorities are opening limited humanitarian corridors for food and medicine.Casualties, Detentions and Economic Disruptions: The Numbers So Far120+ people detained during the latest wave of unrest (Monday).11 injuries reported among protesters and police.School classes suspended in several districts; public transport disrupted across La Paz and El Alto.President Paz won the 2025 election with 55% of the vote; the former MAS secured only 3%.Six months into the presidency, the administration has eliminated a tax on large fortunes and cut fuel subsidies, actions that sparked further anger.Underlying Grievances: Indigenous and Working‑Class DiscontentAnalysts point to a deeper rift between the new centrist government and the Indigenous and working‑class sectors that helped elect Paz. The president’s cabinet lacks Indigenous representation, and recent policy moves—such as approving genetically modified seed laws and aligning with the United States and Israel—are viewed as favouring business elites.Economic indicators have also deteriorated: declining gas exports, a shortage of US dollars and rising inflation have eroded the prosperity achieved under the former MAS regime.Possible Paths Forward: Dialogue, Power‑Sharing or Further TurmoilGovernment officials say they will pursue a dual strategy: dialogue with legitimate social sectors and legal action against groups deemed to threaten democracy. Proposals on the table include creating a ministry that incorporates social organisations and establishing a broader "social pact" to address long‑standing exclusions.However, if negotiations stall, the risk of intensified violence—already evident in clashes between miners armed with dynamite and police—remains high, potentially prompting a harsher security crackdown or, conversely, a political reshuffle that could reshape Bolivia’s power structure.
#Bolivia #Rodrigo Paz #Evo Morales
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