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On This Day, April 18: Patriot Paul Revere begins midnight ride

1 of 5 | On April 18, 1775, U.S. patriot Paul Revere began his famous ride through the Massachusetts countryside, crying out “The British are coming!” to rally the minutemen. File Image courtesy of the Library of Congress

April 18 (UPI) — On this date in history:

In 1506, the cornerstone was placed for St. Peter’s Basilica in Rome.

In 1775, U.S. patriot Paul Revere began his famous ride through the Massachusetts countryside, crying out “The British are coming!” to rally the minutemen.

In 1906, an earthquake estimated at magnitude-7.8 struck San Francisco, collapsing buildings and igniting fires that destroyed much of what remained of the city. Researchers and historians concluded that about 3,000 people died in the quake and its aftermath, and roughly 250,000 were left homeless.

In 1912, three days after the sinking of Titanic, her survivors arrived in New York City aboard the RMS Carpathia.

In 1923, the original Yankee Stadium opened in New York. The stadium was demolished in 2010 after it was replaced a year prior by the new Yankee Stadium.

File Photo by Monika Graff/UPI

In 1942, Lt. Col. James Doolittle led a squadron of B-25 bombers in a surprise raid against Tokyo in response to the Japanese sneak attack on Pearl Harbor on Dec. 7, 1941.

In 1945, U.S. journalist Ernie Pyle, a popular World War II correspondent, was killed by Japanese machine-gun fire on the island of Ie Shima in the Pacific.

In 1949, the Republic of Ireland formally declared itself independent from Britain.

In 1968, McCulloch Oil Corp. paid $2.24 million to buy London Bridge, which was sinking into the Thames under the weight of 20th century traffic. The oil company rebuilt the bridge bloc by block over Lake Havasu in Arizona.

In 1980, Rhodesia became the independent African nation of Zimbabwe.

In 1983, the U.S. Embassy in Beirut, Lebanon, was severely damaged by a car-bomb explosion that killed 63 people, including 17 Americans.

In 1992, an 11-year-old Florida boy sued to “divorce” his natural parents and remain with his foster parents. The boy eventually won his lawsuit.

In 2002, former U.S. Sen. Bob Kerrey, D-Neb., revealed that at least 13 civilians were killed by his U.S. Navy unit in a Vietnamese village in 1969.

File Photo by Ezio Petersen/UPI

In 2007, more than 125 people were killed in a suicide car-bomb explosion near a Baghdad market.

In 2014, an avalanche on what is known as a particularly dangerous route to the top of Mount Everest in the Himalayas killed 16 Sherpa guides.

In 2018, the first movie theaters in Saudi Arabia opened with a public screening of Black Panther.

In 2024, police arrested more than 100 protesters at Columbia University for refusing to leave a large pro-Palestinian encampment on campus. The incident sparked more protests at the school and other campuses across the country.

File Photo by John Angelillo/UPI

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Kang Chang-il calls for efforts to improve inter-Korean ties

Kang Chang-il, new senior vice chairman of the presidential Peaceful Unification Advisory Council, speaks during a ceremony marking his inauguration at the council’s secretariat in Seoul, South Korea, 17 April 2026. The council, chaired by South Korean President Lee Jae Myung, advises the president on unification policy. Photo by YONHAP / EPA

April 17 (Asia Today) — Kang Chang-il, the new senior vice chairman of South Korea’s Peaceful Unification Advisory Council, called Thursday for joint efforts to improve inter-Korean relations and said he would work to revitalize the council’s public role.

Speaking at his inauguration ceremony in Seoul, Kang said many South Koreans are familiar with the Unification Ministry but know little about the advisory council itself. He said he would work to make the body more visible and active in promoting peaceful unification.

Kang said the council has strengths in gathering public opinion and building consensus on peaceful unification, and that it should use that role to recommend policy to the president and broaden public awareness.

He said inter-Korean relations remain difficult amid debate over a “two-state” framework and described the current moment as serious. Kang also referred to messages from Unification Minister Chung Dong-young, who is serving in that post as of April, and said recent remarks by President Lee Jae-myung had been positively received by North Korea.

“I hope we can all join forces to gradually resolve issues in inter-Korean relations,” Kang said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260417010005550

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Dubai police arrest alleged Irish organized crime boss

April 17 (UPI) — An Irish man who allegedly laundered money and trafficked drugs and firearms throughout Europe was arrested in Dubai after officials in Ireland tracked him around the world.

Law enforcement officials in the United Arab Emirates said in a statement that Daniel Joseph Kinahan was arrested on Wednesday after a joint international criminal investigation, The Guardian and The Washington Post reported.

Officials from both Ireland and the UAE noted that the arrest comes after work in recent years to rein in “serious and organized crime.”

“The arrest comes as part of efforts to combat cross-border crime,” Dubai police said in a statement.

“The arrest followed the receipt of a judicial file from Irish authorities detailing the suspect’s alleged crimes and his involvement in an international criminal organization,” they said.

Kinehan is one of the leaders of the Kinahan Organized Crime Group and the founder of the MTK Global boxing management company.

In addition to Irish authorities, he was also being pursued by U.S. law enforcement because he was “believed to run the day-to-day operations” of the cartel, the Biden administration said when it announced sanctions against the group in 2022.

Officials in Dubai issued an arrest warrant after getting word from Irish authorities as part of a larger operation between Ireland and the UAE to stem criminal enterprises that operated in or through the two nations.

The report from Irish law enforcement had traced in him around the globe, including the use of fake names and other methods of avoiding arrest, and Kinehan was arrested within 48 hours of the the UAE warrant being issued.

Secretary of Health and Human Services Robert F. Kennedy, Jr. speaks during a House Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies hearing on the budget for the Department of Health and Human Services in the Rayburn House Office Building near the U.S. Capitol on Thursday. Photo by Bonnie Cash/UPI | License Photo

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Supreme Court rules for Chevron in Louisiana wetlands damage case

April 17 (UPI) — The Supreme Court ruled unanimously in favor of Chevron in a case related to damage to wetlands in Louisiana that dates to World War II.

The case was brought more than a decade ago and relates to damage allegedly done when Chevron’s corporate predecessors were refining aviation gas on behalf of the federal government during the war, Scotusblog and The Washington Post reported.

The 8-0 ruling sent the federal lawsuit back to a lower court in a move that could jeopardize a $745 million ruling against the company to restore the wetlands, as well as other similar cases with fossil fuel companies before courts in the United States.

Parishes in Louisiana filed the case with the help of state officials against oil and gas companies refining crude oil along the coast during the war, claiming that proper permits were never obtained for their work and that they had not followed “prudent industry practices.”

The previous decision on the $745 million ruling was made by a state court, which Chevron contended does not have the jurisdiction to rule because it was working under the auspices of the federal government.

After the state court judgement was handed down, the company’s lawyers asked the U.S. Supreme Court to move the case to a federal court, where it may be able to have the ruling thrown out.

U.S. President Donald Trump departs the White House en route to Davos, Switzerland on Wednesday. Photo by Olivier Douliery/UPI | License Photo

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US judge blocks Justice Department bid to seize voter data in Rhode Island | Donald Trump News

Ruling is latest loss for Trump administration, which has sought access to state voter data ahead of the US midterms.

A federal judge in the United States has dismissed a Department of Justice lawsuit seeking to access voter data from Rhode Island.

The decision on Friday was the latest loss for the administration of President Donald Trump, which has sought to access voter data in dozens of states across the country.

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In the ruling, US District Court Judge Mary McElroy sided with election officials and civil rights groups, writing that the Justice Department does not have the authority “to conduct the kind of fishing expedition it seeks here”.

Rhode Island Secretary of State Gregg Amore praised the ruling in a statement afterwards.

“The executive branch seems to have no problem taking actions that are clear Constitutional overreaches, regularly meddling in responsibilities that are the rights of the states,” Amore wrote.

“But the power of our democratic republic, built on three, coequal branches of government, is clearer than ever before.”

The Justice Department has sued at least 30 states for their voter information, maintaining it needs the information to secure election security. State officials have said that turning over the data raises an array of privacy concerns.

Under the US Constitution, state officials administer elections. Only Congress can pass laws related to how states oversee voting.

But Trump has sought to transform election administration, claiming that voting has been marred by widespread fraud.

In particular, Trump has continued to maintain that the 2020 election, in which he lost to former President Joe Biden, was “stolen”.

No evidence has ever been put forward to support the claims.

Federal judges have rejected attempts in California, Massachusetts, Michigan and Oregon to force the states to hand over voter files to the federal government. At least 12 states, however, have willingly provided or pledged to provide voter information to the Trump administration.

The push for voter information is one of several actions that have raised concerns over how the Trump administration will approach the midterm elections in November, which will decide the makeup of the US Congress.

He is currently calling on Republicans to pass the so-called SAVE America Act, a bill that would create higher documentation standards for voters to prove their citizenship when registering to vote and casting ballots.

The majority of Republican lawmakers have embraced Trump’s claim that the law is needed to prevent non-citizens from registering to vote, despite studies showing that instances of voter fraud are glancingly rare.

Critics say the measure would risk disenfranchising millions of voters, particularly those who have legally changed their names, which is a common practice in US marriages.

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Pressure mounts on Peru’s election authorities amid presidential race delay | Elections News

The vote count continues to determine who will join conservative Keiko Fujimori in Peru’s presidential run-off in June.

Calls to remove the head of Peru’s electoral authority have intensified as delays and alleged irregularities clouded the presidential vote count.

As of Friday, no clear challenger has emerged to face conservative frontrunner Keiko Fujimori in the June 7 run-off.

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The general election was held on Sunday, but an extension was granted to accommodate for the difficulties in ballot distribution.

Pressure has mounted against the head of Peru’s National Office of Electoral Processes (ONPE), Piero Corvetto. Complaints over errors and logistical problems during Sunday’s election have been compounded by a slow tally that has rattled investor confidence and heightened uncertainty.

According to the ONPE, leftist Roberto Sanchez and ultraconservative former Lima Mayor Rafael Lopez Aliaga remain locked in a close battle for second place, separated by about 13,000 votes as of Friday.

With 93.3 percent of the ballots counted, Sanchez held 12.0 percent of the vote and Lopez Aliaga 11.9 percent.

Fujimori, meanwhile, remained firmly in first place with 17 percent, positioning her for the run-off. Final results could take up to two weeks, according to local election-monitoring group Transparencia.

The vote counting has been further delayed by the roughly 5 percent of ballots that were identified for review due to missing information or errors in polling station records, according to ONPE data. Those ballots will be reviewed by a special electoral jury before being included in the final count, officials said.

Business leaders and lawmakers from across the political spectrum have called on Corvetto to step down, arguing that a replacement should oversee the second round.

“Errors this serious have consequences,” Jorge Zapata, head of business chamber CONFIEP, told local radio station RPP.

Earlier this week, Corvetto acknowledged that there had been some logistical delays that forced voting to be extended by a day, mainly in Lima. Those delays triggered fraud allegations, notably from Lopez Aliaga, who has called for counting to be suspended. Corvetto has denied that any irregularities took place.

Even so, Peru’s top electoral court, the National Jury of Elections, filed a criminal complaint with prosecutors against Corvetto, citing alleged offences, including violations of voting rights. Representatives for Corvetto did not immediately respond to a Reuters request for comment.

An investigation is also under way after materials from four polling stations were found on a public road in Lima on Thursday, the police said. ONPE said on the social media platform X that the votes from those stations had already been recorded for counting.

European Union election observers said this week that they found no evidence of fraud.

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Naver showcases AI robots across ‘lab-like’ headquarters

1 of 2 | Service robots operate inside Naver’s headquarters in Seongnam, South Korea. Photo by Asia Today

April 16 (Asia Today) — South Korean tech company Naver is expanding its artificial intelligence capabilities with robots operating throughout its headquarters, as the firm ramps up investment in next-generation technologies.

At the company’s second headquarters in Seongnam, south of Seoul, robots are deployed across the building, which spans from a basement level to 28 above-ground floors. The facility has been described by the company as functioning like a “living laboratory” for AI and robotics.

About 100 service robots, known internally as “Rookie,” assist employees by delivering food, beverages and packages, as well as transporting documents. Workers can summon the robots through a mobile application and verify their identity upon arrival.

The robots are designed to move autonomously throughout the entire building. They can pass through security gates, use elevators and navigate between floors without human assistance, a capability that sets them apart from robots typically confined to a single floor or designated area.

“The ability for robots to use elevators and travel across the entire building is a distinctive feature,” a company official said, adding that the machines are positioned for easy access and operate based on time-specific tasks.

The robotics technology is being developed by Naver Labs, a research subsidiary focused on advancing automation systems. Inside the facility, various robots – including wheeled service units and bipedal machines – are being tested as part of efforts to build a broader robotics ecosystem.

A key component of the system is “ARC Brain,” a cloud-based platform that allows centralized control and coordination of multiple robots. The system is designed to improve efficiency by enabling simultaneous management of a fleet of machines.

“Improving productivity by having robots perform tasks traditionally done by humans is essential,” the official said. “That requires an integrated system capable of managing multiple robots at once.”

Beyond robotics, the company is also strengthening AI features in its core search business. It plans to introduce an “AI tab” following the rollout of its AI briefing service last year.

Naver reported record results in 2025, with revenue reaching 12.35 trillion won ($8.2 billion) and operating profit of 2.21 trillion won ($1.47 billion). Market forecasts suggest the company will post another record this year, with revenue projected at 13.41 trillion won ($8.9 billion) and operating profit at 2.45 trillion won ($1.63 billion).

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260416010005223

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Lebanon president says country is no longer a pawn amid Israel ceasefire | News

President Joseph Aoun promised to work to preserve Lebanon’s sovereignty and freedom.

Lebanese President Joseph Aoun has said that the country would no longer be an “arena for anyone’s wars”, and that the ceasefire with Israel should lead to work on permanent agreements.

In a televised address to the Lebanese public on Friday, he said that Lebanon was no longer “a pawn in anyone’s game, nor an arena for anyone’s wars, and we never will be again”.

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His speech comes a day after a 10-day ceasefire was announced between Lebanon and Israel, bringing respite from Israeli attacks that began on March 2, after Hezbollah fired at Israel, and have left more than 2,200 dead and more than a million displaced.

Aoun said that they were entering a phase of “transition from working on a ceasefire to working on permanent agreements that preserve the rights of our people, the unity of our land, and the sovereignty of our nation.”

He expressed gratitude to those who he said helped end the hostilities, naming United States President Donald Trump and “all our Arab brothers, foremost among them the Kingdom of Saudi Arabia”.

Aoun promised that any agreement reached would not infringe on the country’s rights or relinquish any of its land, and that the negotiations were not a weakness or a concession.

The ceasefire was announced days after Lebanon and Israel held their first direct talks in decades in Washington, which prompted criticism from the Lebanese population.

“Our objective is clear and declared: to stop Israeli aggression against our land and our people, to obtain Israeli withdrawal, to extend state authority over all its land by its own forces, to ensure the return of prisoners, and to enable our families to return to their homes and villages, in safety, freedom and dignity,” the president said.

Israel continues to occupy areas of southern Lebanon despite the truce, with Israeli Prime Minister Benjamin Netanyahu saying troops would not withdraw during the ceasefire.

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World reacts to Strait of Hormuz reopening amid US-Iran conflict | US-Israel war on Iran News

Iran’s Foreign Minister Abbas Araghchi and United States President Donald Trump have said that the Strait of Hormuz is open to commercial vessels.

Araghchi declared on Friday that the strategic waterwat was “completely open” in line with the ceasefire between Israel and Lebanon that took effect the previous day.

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Trump affirmed on social media that the strait was open, later claiming that Iran had agreed to “never close the Strait of Hormuz again”. However, he also posted that the US naval blockade on Iranian ports would “remain in full force”.

In parallel, France and the United Kingdom hosted a meeting in Paris involving about 40 countries, which agreed to play a role in restoring freedom of navigation in the Strait of Hormuz once the US-Israeli war on Iran stops.

The blocking of tankers from using the strait, through which about 20 percent of the world’s crude flows on a typical day, has led to a global surge in fuel prices.

World leaders have welcomed the news with cautious optimism amid mixed messages from the US and Iran:

United States

“The Strait of Hormuz is completely open and ready for business and full passage, but the naval blockade will remain in full force and effect as it pertains to Iran, only, until such time as our transaction with Iran is 100% complete,” Trump wrote on Truth Social.

Minutes later, he issued another post saying the US Navy’s blockade on Iranian ships and ports “will remain in full force” until Tehran reaches a deal with the US, including on its nuclear programme.

Later, Trump told the news agency AFP that a deal to end the war on Iran was “close”, saying there were “no sticking points” left between Washington and Tehran.

Iran

Foreign Minister Abbas Araghchi posted on X that the strait was “declared completely open” and would remain open for the remaining period of the 10-day Israel-Lebanon ceasefire, which took effect overnight Thursday into Friday.

Some Iranian state media reports later appeared to contradict Araghchi’s announcement, with a senior military official telling state media that only nonmilitary vessels would be allowed to transit with permission from the Iranian Islamic Revolutionary Guard Corps (IRGC) Navy.

The Fars news agency, which is close to the IRGC, noted a “strange silence from the Supreme National Security Council”, the de facto top decision-making body in the country, as the status of the new supreme leader, Mojtaba Khamenei, remains unknown.

United Kingdom

UK Prime Minister Keir Starmer cohosted a summit on a potential military mission to secure the Hormuz Strait with French President Emmanuel Macron in Paris on Friday, with about 30 to 40 countries participating in person or by video conference.

On the sidelines, Starmer cautiously welcomed news of the strait’s reopening but said it must become “both lasting and a workable proposal”.

He said the UK and France would lead a “strictly peaceful and defensive” multinational mission to protect freedom of navigation as soon as conditions allow.

France

Speaking after the gathering, Macron said, “We all demand the full, immediate and unconditional reopening of the Strait of Hormuz by all parties.”

“We all oppose any restrictions or system of agreements that would, in effect, amount to an attempt to ⁠privatise the strait – and, of course, any toll system,” he added.

Macron’s office said roles for members of the international coalition working to reopen the strait could include “intelligence, mine-clearing capabilities, military escorts [and] communication procedures with coastal states”.

Germany

Chancellor Friedrich Merz said Germany could contribute mine clearance and intelligence capabilities to the international mission, but would need parliamentary support and a ″secure legal basis″ such as a UN Security Council resolution.

He said he wanted US involvement in the international mission to secure shipping through the Strait of Hormuz. “We believe this would be desirable,″ he said.

Trump later appeared to rebuff his overtures, saying on social media that he had received a call from NATO, but declined its assistance in no uncertain terms.

Finland

Finnish President Alexander Stubb, who participated in the Paris summit, said on X, “We welcome Iran’s announcement on opening the Strait. Lasting solutions require diplomacy,”

United Nations

United Nations Secretary-General Antonio ⁠Guterres on ⁠Friday welcomed the opening ‌of Strait of Hormuz by Iran ⁠and said ⁠it was “a ⁠step in the ⁠right ⁠direction”.

International Maritime Organisation

Arsenio Dominguez, secretary-general of the UN shipping agency said, “We are currently verifying the recent announcement related to the reopening of the Strait of Hormuz, in terms of its compliance with freedom of navigation for all merchant vessels and secure ‌passage.”

Shipping companies

The Norwegian Shipowners’ Association said several things had to be clarified before any ships can transit the strait, including the presence of mines, Iranian conditions and practical implementation.

“If this represents a step towards an opening, it is a welcome development,” said Knut Arild Hareide, CEO of the association, which represents 130 companies with some 1,500 vessels.

A spokesperson for Germany’s Hapag-Lloyd Shipping Company said, “We are now beginning to assess the new situation and the risks involved … For the time being, therefore, we are still refraining from passing through the strait.”

In a statement, Denmark’s Maersk said: “We have noted the announcement. The safety of our crew, vessels and customers’ cargo remains our priority. Since the outbreak of the conflict, we have followed the guidance of our security partners in the region, and the recommendation so far has been to avoid transiting the Strait of Hormuz.

“Any decision to transit the strait will be based on risk assessments and close monitoring of the security situation, with the latest developments also included in the ongoing assessments.”

Markets

Oil prices plunged after Iran’s announcement that passage for commercial vessels would remain “completely open” for the duration of a 10-day ceasefire in Lebanon.

“This news is having an immediate impact on markets,” said Kathleen Brooks, research director at XTB. “This is the biggest development so far during the ceasefire, and it gives hope that the war will end soon, and supply chains will return to some normality.”

 

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Shipping firms seek clarifications before crossing Hormuz | US-Israel war on Iran News

Shipping companies said several things had to be clarified, including the presence of mines, Iranian conditions, practical implementations.

Shipping companies have cautiously welcomed Iran’s announcement that the Strait of Hormuz is open but said they would require clarifications, including about the risk of mines, before vessels move through the entry point to the Gulf.

Iran’s Foreign Minister Abbas Araghchi said on Friday that the Strait of Hormuz was open to all commercial vessels during a 10-day Lebanon ceasefire accord, prompting a fall in oil and other commodity prices while stock markets rose.

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All commercial ships, including United States vessels, can sail through the strait, although their plans need to be coordinated with Iran’s Islamic Revolutionary Guard Corps, a senior Iranian official told the Reuters news agency.

Transit would be restricted to lanes which Iran deemed safe, adding that military vessels were still prohibited, the official said.

“We are currently verifying the recent announcement related to the reopening of the Strait of Hormuz, in terms of its compliance with freedom of navigation for all merchant vessels and secure passage,” said Arsenio Dominguez, secretary-general of the United Nations shipping agency, the International Maritime Organization.

The Norwegian Shipowners’ Association said several things had to be clarified before any ships could transit the strait, including the presence of mines, Iranian conditions and practical implementation.

“If this represents a step towards an opening, it is a welcome development,” said Knut Arild Hareide, CEO of the association which represents 130 companies with some 1,500 vessels.

Shipping association BIMCO cautioned members on returning to the strait.

“The status of mine threats… is unclear and BIMCO believes shipping companies should consider avoiding the area,” said Jakob Larsen, BIMCO’s chief safety and security officer.

The threat posed by mines in parts of the strait is not fully understood, and avoidance of the area by ships should be considered, a US Navy advisory on Friday, seen by Reuters, also said.

German shipping group Hapag-Lloyd on Friday said it was working for its ships to sail through the strait “as soon as possible”, but added that several questions remained.

“Our crisis committee is in session and will try to resolve all open items with the relevant parties within the next 24-36 hours,” it added.

Its Danish peer Maersk said it was closely monitoring the security situation and would act based on its risk assessment.

France’s CMA CGM and Norwegian oil tanker group Frontline declined to comment.

A recent route imposed by Tehran through its territorial waters near Larak Island would present navigational challenges even if vessels were not required to pay a toll, and would raise questions regarding compliance and insurance, said Matt Wright, lead freight analyst at data intelligence firm Kpler.

US President Donald Trump on Friday said Iran had agreed to never close the strait again, and that it was removing sea mines from it.

One of the world’s most important maritime chokepoints, disruption in the strait has forced shipping companies to suspend sailings, reroute cargo and rely on costly workarounds to keep goods moving in and out of the Gulf.

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South Korea to receive 27 million barrels of crude oil in June

Trade, Industry and Resources Minister Kim Jung-kwan attends a press conference at the government complex in Sejong, central South Korea. Photo by YONHAP / EPA

April 16 (Asia Today) — South Korea will begin receiving 27 million barrels of alternative crude oil in June, part of a broader effort to stabilize energy supplies and diversify import sources amid disruptions linked to conflict in the Middle East.

The Ministry of Trade, Industry and Energy said the shipments are part of crude secured by a presidential envoy team, with additional policy measures being introduced to support refiners facing supply uncertainty.

A senior ministry official said the envoy team secured about 223 million barrels of alternative crude, excluding 50 million barrels previously allocated from Saudi Arabia. Of that, 27 million barrels are scheduled for shipment beginning in June.

The earlier 50 million barrels are expected to be shipped in April and May through the Red Sea port of Yanbu, with confirmation from Saudi Aramco that deliveries will proceed as planned, the ministry said.

South Korean refiners had faced disruptions despite existing contracts, as shipments were affected by instability and constraints linked to the Strait of Hormuz, a key global oil transit route.

The envoy delegation has secured a total of about 273 million barrels of crude from countries including Kazakhstan and Saudi Arabia. Of that, roughly 250 million barrels from Saudi Arabia – which accounts for about one-third of South Korea’s crude imports – are expected to be delivered by the end of the year.

Officials said the government has already secured about 118 million barrels for April and May combined, indicating no immediate risk to domestic supply. Remaining volumes are expected to be shipped sequentially through the end of the year.

In parallel, the government is introducing measures to help refiners diversify import sources. For crude imported between April and June, authorities will ease requirements for refunds of the petroleum import levy and temporarily expand refund limits.

The ministry said it simplified freight cost calculations using an international benchmark index and removed restrictions on shipment volume, duration and frequency. It also temporarily lifted caps on freight cost compensation for diversified imports to expand financial support.

The program is backed by about 127.5 billion won (approximately $95 million) in funding, based on estimated demand from domestic refiners.

Officials said broader reforms may be considered if the situation persists.

The ministry also pushed back against claims that fuel consumption has increased following the introduction of a price cap. Data showed that weekly gasoline and diesel sales fell in five of seven weeks from late February to mid-April compared to the same period last year.

From mid-March to mid-April, after the price cap took effect, total fuel sales declined 12.4% year-over-year, the ministry said, urging observers to focus on overall trends rather than short-term fluctuations.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260416010005112

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Arsenal to embrace ‘privilege’ not pressure of Man City Premier League tilt | Football News

Arsenal travel to Manchester City knowing their Premier League could be eradicated by next Wednesday.

Mikel Arteta has urged spluttering Arsenal to embrace the “huge privilege” of facing Manchester City in a potentially decisive showdown in the Premier League title race.

Arteta’s side are six points clear of second-placed City ahead of their blockbuster clash at the Etihad Stadium on Sunday.

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But City have a game in hand on the Gunners and a victory for Pep Guardiola’s men would tilt the balance of power in their favour heading into the final weeks of the season.

Adding to the drama of the do-or-die battle, Arsenal are enduring an untimely loss of form after losing three of their last five games in all competitions.

They were beaten by City in the League Cup final, suffered a shock FA Cup quarterfinal exit at second-tier Southampton and slumped to a home league defeat against Bournemouth.

The Gunners were well below their best once again on Wednesday when they edged past Sporting Lisbon, drawing 0-0 to secure a 1-0 aggregate victory in the Champions League quarterfinals.

But, despite criticism of Arsenal’s perceived mental weakness under pressure, Arteta is convinced his players have the right character to take a huge step towards winning the Premier League.

“We have earned the right to be in this position and to be challenging, with an opportunity to win against arguably the best team and best manager this league has ever seen,” Arteta told reporters on Friday.

“That is a huge privilege. We see this as a big opportunity for us. Who is more privileged to be in this position?

“I don’t know how Pep and Man City are feeling, but I feel very privileged to have earned the right to be in this position to play such a big and great game.”

Arsenal are chasing a first English title since 2004 after finishing as runners-up for the last three seasons.

In 2023 and 2024, they squandered substantial leads that allowed City to pip them to the title.

But Arteta knows that beating City this weekend would put Arsenal in a virtually unassailable position of strength.

“Winning at this stage, then you are a bit closer,” he said.

“There are six games to go. Obviously, it is a really important one for both teams.

“It will incline the balance a little bit, but winning a game in the Premier League is so tough for everybody.”

Arsenal ‘prepare to win’ against Man City

Arteta has challenged Arsenal to learn from the pain of their League Cup loss to City in a rematch with even higher stakes.

“The pain we felt afterwards, [we need] to use that the right way on Sunday,” he said. “To learn from that game and the things that we want to change for the next one.”

Arteta refused to deny a report that a fire was lit at the club’s training ground this week in a motivational ploy after he told his team to play with “pure fire” against Sporting.

“Every game we use different themes to try and prepare for the game in the best possible way, and that depends on what we do,” he said.

“The best ones are the players’ initiative; those are the ones I love the most.”

Arsenal have failed to win any of their past 10 league games at the Etihad Stadium, losing seven of those meetings, in a barren run stretching back to 2015.

Arteta dismissed suggestions that he could tell Arsenal to play for a draw to maintain their six-point lead over City.

“We prepare every game to win, that is why we are where we are, and we are going to continue to do the same,” he said.

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Pope Leo XIV holds mass with estimated 120,000 in Cameroon

1 of 2 | A handout picture provided by the Vatican Media shows Pope Leo XIV and Cameroonian President Paul Biya shaking hands during a meeting at the Presidential Palace in Yaounde, Cameroon, on Wednesday. Pope Leo XIV held a mass Friday in Douala, Cameroon in a stadium with an estimated 120,000 people. Handout Photo courtesy of Vatican Media/EPA

April 17 (UPI) — Pope Leo XIV held a mass on Friday in Douala, Cameroon, in a stadium with an estimated 120,000 people, marking Catholicism’s growth in Africa.

The pope discussed poverty, violence and corruption in his address to the people of Cameroon, where about 30% of the population is Catholic.

About 20% of the world’s Catholic population lives in Africa.

“Do not give in to distrust and discouragement,” the pope said. “Reject every form of abuse or violence, which deceives by promising easy gains but hardens the heart and makes it insensitive. Do not forget that your people are even richer than this land, for your treasure lies in your values: faith, family, hospitality and work.”

More than 37.7 million people live in poverty in Cameroon. The pope shared the story of Jesus multiplying loaves and fish, saying the “miracle” happened when they were shared.

“Yet this alone is not enough,” he said. “The food that sustains the body must be accompanied, with equal charity, by nourishment for the soul. A nourishment that sustains our conscience and steadies us in dark hours of fear and amid the shadows of suffering.”

The mass was held at Japoma Stadium on the third day of the pope’s 10-day tour of Africa. He will next visit Angola and later Equatorial Guinea during his trip.

Pope Leo spent Thursday in Bamenda, Cameroon, the epicenter of the Anglophone Crisis or Ambazonia War, an armed conflict between the government and separatist groups that has waged for nearly a decade.

Children race to push colored eggs across the grass during the annual Easter Egg Roll event on the South Lawn of the White House in Washington on April 21, 2025. Easter this year takes place on April 5. Photo by Samuel Corum/UPI | License Photo

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World Cup 2026: Saudi Arabia sack coach Herve Renard | Football News

Frenchman Herve Renard, who won AFCON with Zambia and Ivory Coast, departs Saudi role despite World Cup qualification.

Frenchman Herve Renard has been relieved of his duties as Saudi Arabia coach, less than two months before the start of the FIFA World Cup 2026 in North America.

The 57-year-old had returned for a second spell as Saudi coach at the end of 2024, having led them at the last World Cup four years ago in Qatar.

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“That’s football … Saudi Arabia have qualified for the World Cup seven times, including twice with me,” Renard told the news agency AFP on Friday.

“And there’s only one coach who has led them through both the qualifiers and the World Cup; that’s me, in 2022. At least there will be that sense of pride.”

Saudi Arabia players celebrate with French coach Herve Renard during the FIFA World Cup 2026 Asian qualifier football match between Saudi Arabia and Iraq at King Abdullah Sports City in Jeddah on October 14, 2025. (Photo by Abdel Ghani BASHIR / AFP)
Saudi Arabia players celebrate with French coach Herve Renard after securing World Cup qualification [File: Abdel Ghani Bashir/AFP]

Renard, a two-time Africa Cup of Nations (AFCON) winner with Zambia and the Ivory Coast, was in charge of Saudi Arabia from 2019 to 2023 before being replaced by Italian coach Roberto Mancini.

From 2023 to 2024, he served as coach of the France women’s team and reached the quarterfinals of both the 2023 Women’s World Cup and the 2024 Paris Olympics.

Ex-Morocco coach Renard was later brought back by Saudi Arabia to succeed Mancini, as the Italian left his role after an underwhelming 14-month stint.

Former Greece international Georgios Donis is reportedly being lined up as the man to take over from Renard. A source close to the negotiations told AFP that talks are under way between the federation and Saudi club Al Khaleej, where Donis has been in charge since 2024.

Saudi Arabia's French head coach Herve Renard (C) and members of Saudi Arabia's delegation pose on the red carpet upon arrival to attend the draw for the 2026 FIFA Football World Cup taking place in the US, Canada and Mexico, at the Kennedy Center, in Washington, DC, on December 5, 2025. (Photo by Roberto SCHMIDT / AFP)
Saudi Arabia’s French head coach Herve Renard, centre, and members of Saudi Arabia’s delegation at the 2026 FIFA Football World Cup draw [Roberto Schimdt/AFP]

Saudi Arabia are in Group H at the 2026 World Cup, alongside two former champions, Spain and Uruguay, and debutants Cape Verde. All their group games are scheduled to be played across the United States.

The Arab nation has made six World Cup appearances, with a round of 16 finish in 1994 in the US their best result thus far.

The Saudi team suffered a group-stage exit in the last World Cup in 2022, but made headlines worldwide with a shock 2-1 group win over eventual champions Argentina.

Saudi Arabia is also due to host the 2034 World Cup.

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Iran foreign minister says Strait of Hormuz ‘completely open’ | US-Israel war on Iran News

Iran says ‘passage for all commercial vessels through Strait of Hormuz’ open during the Israel-Lebanon ceasefire.

The Strait of Hormuz is “completely open” for all commercial vessels and will remain so during the Israel-Lebanon ceasefire, Iran’s foreign minister has said.

“In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” Abbas Araghchi said in a post on X on Friday.

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A 10-day ceasefire was agreed between Israel and Lebanon late on Thursday.

The passage of ⁠vessels through the ⁠strait will be on the coordinated route as ⁠already announced by ⁠Ports and ⁠Maritime Organisation of Iran, Araghchi added.

United States President Donald Trump confirmed in a social media post that the strait was “completely open and ready for business and full passage”.

More to come…

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Can Hungary wean itself off Russian energy, as its new leader has promised? | Explainer News

Hungary’s newly elected leader, Peter Magyar, stormed to power last weekend after campaigning to, among other things, take a step back from Russia.

Instead, Magyar has promised voters he will steer Hungary back towards the European Union, following the 16-year rule of far-right Prime Minister Viktor Orban, who went to great lengths to deepen ties with Russia.

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Under Orban, Hungary opposed most of the European Union’s stances against Russia and  blocked sanctions and obstructed military aid for Ukraine.

Above all, he and his Fidesz party entrenched Hungary’s reliance on Russian oil.

Now, following a massive electoral turnout and a landslide victory, Magyar – once a devotee of Orban and now leader of the centre-right Tisza party – has promised to end Russian oil imports by 2035. But how realistic a goal is that? And can he achieve it?

Magyar
Peter Magyar celebrates after Prime Minister Viktor Orban conceded defeat in the parliamentary election in Hungary, April 12, 2026 [File: Leonhard Foeger/Reuters]

How much does Hungary depend on Russia for energy?

Hungary has been central to keeping Russian oil and gas flowing into the EU, even as Europe and the US banned some imports and imposed sanctions on anyone paying more than $60 a barrel for Russian oil.

Following Russia’s invasion of Ukraine, the EU banned seaborne imports of Russian oil but kept land flows legal. That allowed Hungary to continue importing most of its crude by pipeline via Ukraine.

The EU first announced plans to phase out Russian energy imports in May 2022, shortly after Russia’s invasion of Ukraine. In December 2025, a binding agreement was made for member nations to completely phase out Russian oil and gas imports by late 2027. But, instead of diversifying from Moscow, Hungary increased its dependency.

According to a 2026 report by the Center for the Study of Democracy (CSD), Hungary had expanded its reliance on Russian crude from 61 percent in 2021 to 93 percent by 2025.

Much of the crude oil Hungary imports from Russia comes via the Druzhba pipeline. It is one of the key pipelines that ensures the continued flow of Russian crude to both Hungary and Slovakia. At 5,500 km (3,420 miles) long, it begins in Almetyevsk in western Russia and runs into Belarus. It splits at Mozyr, with one branch going to Poland and Germany and the southern branch goes through Ukraine into Slovakia, Hungary and Czechia.

pipeline
The Druzhba oil pipeline from Russia at the Danube Refinery in Szazhalombatta in Hungary, May 18, 2022 [File: Bernadett Szabo/Reuters]

In January, the section of the pipeline running through Ukraine suffered significant damage. Ukraine blamed a Russian airstrike – Moscow denies that.

Hungary and Slovakia have complained that Ukraine has been deliberately slow to repair the damage. As a result, in March, Orban vetoed a 90 billion euro ($106bn) loan from the EU to Ukraine until the pipeline reopens.

On Tuesday this week, Ukraine’s President Volodymyr Zelenskyy said oil will flow again through the conduit by the end of April as he expects the new Hungarian leadership to lift its veto on the loan by then.

As for gas, Hungary remains one of the most dependent EU member states on Russian natural gas, accounting for roughly three-quarters of its annual imports, the CSD report shows.

Since the start of Russia’s invasion, Hungary has imported an estimated 15.6 billion euros ($18.4bn) worth of Russian gas. Long-term contracts with Russia’s state-owned Gazprom, the continued reliance on TurkStream – a natural gas pipeline running from Russia to Turkiye – and “the weak use of alternative interconnectors have locked the country into Russia’s reconfigured gas export system”, the CSD report states.

Nuclear energy dependency is yet another issue. Hungary granted Rosatom, the Russian state nuclear energy corporation, the construction contract for the expansion of its Paks atomic plant, 100km (62 miles) southwest of Budapest on the Danube River. Russia, in turn, provided Hungary with a state loan to finance most of the development of new reactors. The European Commission approved the plan in 2017 and construction started in February.

Now, Magyar says he intends to reassess the project’s financing. But the Paks plant provides 40 to 50 percent of all electricity generated in Hungary. The expansion plans will increase that to between 60 and 70 percent, which would cut reliance on imported energy, but keep Hungary tied to Russia. 

According to a 2025 joint research paper by the Center for the Study of Democracy and the Center for Research on Energy and Clean Air, Hungary could potentially diversify its energy supply by importing non-Russian oil via alternative sources such as the Adria pipeline. It transports crude from the Adriatic Sea to refineries in Croatia, Serbia, Hungary and Slovakia. Their refiners, which are controlled by Hungarian oil and gas company MOL, are capable of processing non-Russian crude, the research paper said.

Russian oil has been coming in at a discounted rate as a result of Western sanctions, so any diversification will likely be more expensive.

Can Hungary wean itself off its dependence on Russian oil?

It won’t be easy, and Magyar knows it. “The geographical position of neither Russia nor Hungary will change. Our energy exposure will also be here for a while,” he said before last weekend’s election. And in an interview with the Financial Times, Magyar insisted that Russian imports should remain an option. “This does not mean that by ending dependence on someone you no longer continue to buy from them,” he said.

Magyar will seek to strike a balance between respecting current contracts with Moscow to ensure Hungary’s energy security, while establishing political distance, said Pawel Zerka, a senior policy fellow at the European Council on Foreign Relations.

“I would expect this government not to be pro-Russia in the sense of going to Moscow and keeping ties with the Russian government, but they don’t have easy options to replace Russian fuel with something else, especially considering the international situation with the Middle East,” Zerka said, referring to the closure of the Strait of Hormuz in the Gulf which has blocked the shipping of 20 percent of the world’s oil and LNG supplies.

Zerka added that the newly elected leader will not have political room to be particularly cordial with Russian President Vladimir Putin, considering the disapproval of Russia by his electoral base. A recent poll by the European Council on Foreign Relations shows that a majority of Tisza’s voters see Russia as an adversary or rival to compete with.

“It will be interesting to see how he combines this with energy needs,” Zerka said.

How does the EU view Hungary’s energy ties to Russia?

The strong energy ties between Russia and Hungary have long caused friction with the EU. Following Moscow’s invasion of Ukraine in 2022, the European bloc has worked to cut imports of Russian oil and gas. Budapest has done the opposite.

In January, the EU passed legislation to completely phase out Russian gas and LNG imports by late 2027.

Orban’s government had called for all restrictions on Russian oil to be lifted as a result of the global energy crisis triggered by the war in the Middle East. While Trump has made some concessions on Russian oil already loaded on tankers at sea – causing several heading for China to head to India instead – EU leaders have maintained they will hold firm on sanctions.

In the lead-up to last weekend’s election, Magyar’s manifesto called the dependence on Russian energy a “systemic risk” and he would wean Hungary off its reliance by 2035. But whether he can do that in time to beat the EU’s 2027 deadline is likely to provoke discussion in Brussels.

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Lee hails S. Korean oil tanker exiting Red Sea

President Lee Jae Myung, seen here at the Blue House on Friday, shared a news report that a South Korean oil tanker exited the Red Sea for the country’s first shipment since the blockade of the Strait of Hormuz. Photo by Yonhap

President Lee Jae Myung on Friday shared a news report that a South Korean oil tanker exited the Red Sea, marking the first shipment of crude oil to the nation since the blockade of the Strait of Hormuz.

Earlier in the day, the nation’s fisheries ministry reported that the tanker carrying crude oil from Saudi Arabia exited the Red Sea, as the Strait of Hormuz has been effectively closed amid the prolonged war in the Middle East.

“It is good news that our vessel is transporting crude oil via the Red Sea for the first time since the blockade of the Strait of Hormuz,” Lee wrote in his social media post.

He described the safe passage as a “valuable achievement” made possible through close coordination among relevant ministries and the dedication of seafarers under difficult circumstances.

“The government is mobilizing all available resources to address the crisis stemming from the war in the Middle East,” Lee said, pledging to safeguard people’s livelihoods and national interests.

South Korea has been exploring ways to ship crude oil via the Red Sea, an alternative route, as the Strait of Hormuz, a critical maritime chokepoint, has been effectively closed amid the Middle East conflict.

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

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Iran war’s big winners: Wall Street, weapons firms, AI and green energy | Business and Economy News

The International Monetary Fund has downgraded its global growth forecast for 2026 from 3.3 to 3.1 percent, citing the impact of the United States-Israeli war on Iran and the shutdown of the Strait of Hormuz on the world economy.

The war has damaged energy infrastructure across the Gulf, while critical exports like oil, gas, chemicals and fertiliser remain largely stranded by Iran’s shutdown of the strait and the subsequent US naval blockade of Iranian ports.

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In the worst-case scenario of a prolonged war, the IMF said global growth could fall to 2.5 percent in 2026, with low-income and developing economies hit the hardest by soaring commodity and energy prices. The global shipping and logistics industry is facing a separate crisis.

But every economic crisis also has beneficiaries: despite the dire macroeconomic outlook, some corners of the global economy are thriving on the uncertainty.

Here’s a look at five industries that are doing well either despite – or because of – the darkening economic outlook.

Wall Street investment banks

Global investors have been on a rollercoaster since the start of US President Donald Trump’s second term last year. The president’s erratic decision-making, where he often issues an ultimatum one day and then changes it the next, has led traders to coin the term “TACO trade”, where TACO stands for “Trump Always Chickens Out”.

The recent volatility has made some investors anxious, but it’s been a boon to investment banks, which make millions in commissions and revenue from the surging volume of trade, according to Sean Dunlap, a director of equity research at Morningstar Research Services.

“Clients want to reposition, so they trade frequently,” he told Al Jazeera. “Spreads tend to increase, which increases the profitability for trade intermediaries like banks.”

First-quarter results for 2026 – released this week – showed that Morgan Stanley reported a profit of $5.57bn, up 29 percent year on year, while Goldman Sachs reported a profit of $5.63bn, up 19 percent year on year.

JP Morgan Chase also reported major gains, with first-quarter earnings of $16.49bn, up 13 percent year on year. The banks all cited high levels of trading, deal-making, and “robust client engagement” as the reasons behind surging profits.

The boomtime for banks could reverse course, however, if volatility persists for too long, Dunlap warned, because investors may become increasingly cautious and less willing to borrow money to make trades.

Prediction markets

As mainstream Wall Street banks reap profits, the crypto-based prediction platform Polymarket has been earning upwards of $1m a day since the start of the month by letting users make peer-to-peer bets on everything from sports tournaments to elections.

Polymarket has been doing well since the start of the war, but it revised its fee structure on March 30 to cash in even more on its popularity.

Rival platforms like Kalshi, Novig and Robinhood also follow the same business model, but Polymarket has been the standout winner of 2026 because it controversially allows users to bet on the outcome of conflicts like the Iran war.

Polymarket revised its fee structure on March 30 to cash in on its popularity. The change has already netted the platform more than $21m in fees since April 1, up from $11.6m for all of March and $6.23m for all of February, according to DefiLlama, a website that provides data analysis for decentralised finance platforms.

If the current trend continues, Polymarket could make $342m in fees this year alone, according to DefiLlama’s analysis.

Anonymous users have also made millions correctly predicting the dates of major events like the US-Iran ceasefire, but the outcomes for rank-and-file users are typically less impressive.

Researchers found that the top 1 percent of Polymarket users captured 84 percent of all trading gains, according to a new report released this month analysing 70 million trades from 2022 to 2025. The returns are so high that US federal regulators have pledged to crack down on insider trading in prediction markets following suspiciously well-timed bets on Iran war outcomes.

Aerospace and defence

Unsurprisingly, the aerospace and defence industries are booming this year due to major conflicts in Ukraine, Iran, Sudan, Gaza and Lebanon and a surge in global defence spending.

About half of the world’s countries have increased their military budgets over the past five years, according to an April report from the IMF, which means they are also buying everything from drones to missiles — more than ever before. Demand is growing particularly fast in Europe, where NATO countries have committed to raising defence spending to 5 percent of gross domestic product (GDP) by 2035.

The defence industry has, in turn, seen major gains on the stock market. The MSCI World Aerospace and Defence Index – which tracks aerospace and defence stocks across 23 global markets – reported net returns of 32 percent year on year at the end of March.

The defence index outpaced the MSCI World Index, which tracks 1,300 large and mid-cap companies across the same 23 markets. The index, which gives a broader overview of global stock markets, reported net returns of 18.9 percent over the same period.

Artificial intelligence

Last year, the United Nations Trade and Development (UNCTAD) office predicted that the AI industry would grow from $189bn in 2023 to $4.8 trillion by 2033, and the Iran war does not seem to have dented the outlook.

“Despite the shocks from the Iran war, we’re still seeing resilience in a lot of sectors like artificial intelligence and renewable energy,” said Nick Marro, lead analyst for global trade at the Economist Intelligence Unit.

One metric for the AI boom has been the high volume of semiconductor chips still being exported out of East Asia, he said. At the top of the chart is chipmaking powerhouse Taiwan, which reported record-breaking merchandise exports of $80.2bn in March, up 61.8 percent year on year, according to EIU analysis.

The surge was led by exports to the US, which grew by 124 percent year on year, the EIU said.

Taiwan Semiconductor Manufacturing Company, the world’s top chipmaker better known by its acronym “TSMC,” on Thursday posted a net income of 572.8 billion New Taiwan Dollars (NTD) ($18.1bn) for the first three months of 2026 – up 58 percent year on year in NTD.

Another metric, initial public offerings or “IPOs,” also shows that the industry is confident for the moment, with industry leaders Anthropic and OpenAI both planning to go public this year.

Renewable energy

The Iran war has highlighted the need to transition from fossil fuels not only for environmental reasons, but also for reasons of energy security. The war marks the third major energy shock this decade, following the COVID-19 pandemic and the 2022 Russian invasion of Ukraine.

The Iran war has “boosted” renewable energy “given the urgency to switch away from fossil fuels and diversify towards renewable sources,” Marro of the EIU said.

Even before the Iran war began, the International Energy Agency reported that global governments were already taking active measures to invest in renewable energy for geopolitical reasons.

According to an IEA report released this month, “150 countries have active policies to advance renewable and nuclear deployment, 130 have energy efficiency and electrification policies, and 32 have policies to incentivise supply chain resilience and diversification across critical minerals and clean energy technologies.”

The Iran war has triggered another flurry of policymaking in Asia, which typically buys 80 to 90 percent of the oil and gas that transits through the Strait of Hormuz. Since the shutdown, the region has been struggling to find alternative sources of energy, forcing governments to deploy emergency measures like fuel rationing and price caps.

South Korea, Thailand, India, Cambodia, Indonesia, Vietnam and the Philippines have all announced a variety of measures from tax breaks for at-home solar panels to commissioning new renewable energy projects – and even restarting nuclear reactors.

The surge in policymaking has been good for the renewable industry. The S&P Global Clean Energy Transition Index, which tracks 100 companies that produce solar, wind, hydro, biomass and other renewable energy across emerging and developed markets, is up 70.92 percent year on year.

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