Energy

Forced to defend against thousands of Iranian drone and missile attacks before and after the ceasefire in the now-paused U.S.-Israel war on Iran, the United Arab Emirates (UAE) appears to have taken a play from Russia and its war with Ukraine in an attempt to secure some of its energy facilities with massive metal ‘cope cages.’

An image posted on X by Israel’s I24 News outlet shows what it claims is caging around oil tanks near Dubai International Airport. In the far-right section of the photo, what appears to be a more complete metal enclosure of some of the fuel tanks can be seen, while in the foreground, construction looks to be taking place on caging for additional tanks.

This seems to be the first sighting of these structures in the UAE and across the Gulf Arab nations. It is unclear when construction on the structures began or how many of these barriers the UAE is building or plans to build. We have reached out to the UAE Embassy in Washington for more details.

As we have reported in the past, the idea behind these kinds of metal structures is to mitigate the damage caused by incoming munitions by creating a barrier between the point of weapon impact and the target. The caging depicted is not designed to protect against Iranian ballistic missiles, and even cruise missiles could be a challenge. These kinds of structures are made to help defend against one-way attack munitions, such as the Shahed-136, many of which Iran has launched against the UAE. They can also protect from near-field small suicide drone attacks, although these have not been a major issue in the UAE during this conflict.

As noted earlier, while these structures may be new to the UAE, it is not the first time metal caging and even mesh nets have been used to protect critical energy infrastructure. Russia has employed these measures on its oil storage facilities in attempts to protect them from repeated Ukrainian drone attacks for a number of years now.

You can see some of those defensive measures in the following images and videos.

Russia Puts Cope Cages on Oil Storage Tanks

Picking the wildest fantasy promoted by President Trump as a basis for public policy is increasingly challenging — is it his yarn about schoolchildren being secretly abducted from their classrooms and given sex-changing operations? The notion that the vaccines given to children are like “a vat, like a big glass, of stuff pumped into their bodies?”

Here’s one that has disrupted the economics of renewable energy generation and will cost Americans billions of dollars: It’s Trump’s “completely weird war on wind power in the United States,” based on a sheaf of “fact-free arguments.”

That judgment comes from Steven Cohen, a climate policy expert at Columbia University, who points out that wind already accounts for 10.5% of U.S. energy generation, that it’s destined to continue growing — and that most of it is generated today in red states such as Texas, Oklahoma, Iowa and Kansas.

There is no question that Trump’s weird war against wind is full blown. On the day of his second inauguration, he issued an executive order shutting down all new permits for offshore wind farms and ordered the Interior Department to review existing permits.

A federal judge in Massachusetts blocked the executive order in December, and his orders suspending work on existing offshore wind projects have been halted by other federal judges. The Trump administration has blocked or delayed as many as 165 wind projects on private land, citing “national security” concerns, according to the American Clean Power Assn.

Most recently, Trump has reached agreements with offshore wind firms in which the government will pay them a combined $2 billion to abandon their U.S. projects.

At some level, this crusade resembles Trump’s misguided effort to revive the American coal industry, which is on the glide path to inevitable extinction. In that case, Trump is waging an explicitly partisan and ideological battle. “We’re ending Joe Biden’s war on beautiful, clean coal,” he declared last April.

Trump’s anti-wind program is part of his campaign to dismantle U.S. renewables policy because of its roots in the Biden administration.

Additionally, multiple commentators conjecture that his hostility to wind originated in 2011, when he groused that an offshore wind farm would be visible from one of his golf courses in Scotland. He sued to thwart the “ugly” project, and lost.

But Trump has mustered other arguments against wind, on- and offshore, none of which holds water.

During a cabinet meeting in July 2025, he called wind “a very expensive form of energy.” In fact, on average it’s cheaper than natural gas, coal and nuclear generation. Perhaps more important, the cost has been coming down sharply as technology improves and the sector reaches critical mass: falling to eight cents from 21 cents per kilowatt-hour from 2010 to 2024 for offshore projects, and to 3.4 cents from 11.3 cents for land-based wind farms over the same period.

Trump blamed wind turbines for mass killing whales and birds. Neither assertion is correct.

The National Oceanic and Atmospheric Administration, a federal agency, says “there are no known links between large whale deaths and ongoing offshore wind activities.”

The Audubon Society reported in January that although wind turbines can present hazards to birds, “developers can effectively manage these risks without significantly increasing project costs.” The biggest risks to birds come from the climate: “Two-thirds of North American birds are at increasing risk of extinction from global temperature rise,” the society reported — a threat that wind power can ameliorate.

Trump spokeswoman Taylor Rogers didn’t respond to my questions about the derivation of his anti-wind stance, but told me by email only that “President Trump has been clear: hard-earned taxpayer dollars shouldn’t be wasted on unreliable and costly wind farms that pose serious threats to our national security. Instead, we should be strengthening and expanding our infrastructure that produces reliable, affordable, and secure energy like natural gas plants.”

That brings us to the recent deals with offshore wind developers. The largest single deal, signed in March, was with the French firm TotalEnergies, which is to receive approximately $1 billion from the federal government to abandon all of its U.S. offshore wind projects and invest instead in oil and gas projects, including a liquefied natural gas export facility in Texas.

In his March 23 announcement of the deal, Interior Secretary Doug Burgum called offshore wind “one of the most expensive, unreliable, environmentally disruptive, and subsidy-dependent schemes ever forced on American ratepayers and taxpayers.”

This is what Huck Finn would call a “stretcher,” given the decades of subsidies spooned out to the oil and gas industry, reaching more than $30 billion a year in federal and state tax credits, indulgent regulation of pollution and low-cost access to federal lands. Indeed, the investment firm Lazard recently reported that renewables, including wind, are a cost-competitive form of generation even without subsidies. (Lazard’s calculation is of the “levelized cost of energy,” meaning the average cost over a generating plant’s lifetime.)

TotalEnergies fell into lockstep with the Interior Department in its own announcement, explaining its willingness to renounce U.S. offshore wind power because “offshore wind developments in the United States, unlike those in Europe, are costly,” echoing the agency’s position that “the development of offshore wind projects is not in the country’s interest.” Never mind that one factor that makes U.S. offshore wind development costly compared with Europe is the Trump administration’s opposition.

The government subsequently reached an agreement to pay the French company Ocean Winds $885 million to walk away from two offshore wind projects, including one in the waters off California. Ocean Winds described the deal as one driven chiefly by economics, but hinted at pressure from the White House.

“We welcome the opportunity to engage constructively with the administration on this agreement and acknowledge the clarity they have provided with this decision and deal,” Michael Brown, the chief executive of Ocean Winds North America, said when the deal was announced last month. “Our priority remains disciplined capital allocation and delivering reliable energy solutions that create long-term value for ratepayers, partners, and shareholders.”

The TotalEnergies deal, which the government has described as a “refund” of money the firm paid for its offshore leades, raised the hackles of congressional Democrats, who assert that it violates the law and constitution in multiple ways.

“We will hold you accountable for this billion-dollar ripoff,” Reps. Jamie Raskin (D-Md.), ranking member of the House Judiciary Committee and Jared Huffman (D-San Rafael), ranking member of the House Committee on Natural Resources, warned TotalEnergies CEO Patrick Pouyanné in an April 29 letter.

Among other infirmities Raskin and Huffman alleged, the government’s national security rationale for canceling offshore wind leases looks “fabricated”; the payout violates the statutory formula for compensation for canceled leases; the money is to come from a fund designed only to pay court-ordered judgments and settlements of lawsuits, which don’t exist in this case; and includes a provision preventing the deal from being reviewed by a court.

The last of those provisions would have to be authorized by Congress, the letter states, asking for documents and a response from the company by Wednesday. Committee spokespersons weren’t available to say whether they received a response from TotalEnergies, and the company didn’t respond to my request for comment. I received no response from the Department of the Interior.

The California Energy Commission has opened an investigation into the Ocean Winds deal.

“The Trump Administration is recklessly spending billions of taxpayer dollars on backroom deals that would turn back the clock on innovation” CEC Chair David Hochschild said. “Taxpayer dollars should be used to build a sustainable energy future, not to pay to make projects disappear.”

What’s especially wasteful about Trump’s crusade against wind power is that it’s almost certain to be time-limited.

It’s hardly debatable that renewables such as solar and wind will be our principal sources of energy in the future; holding back the clock achieves nothing but injecting uncertainty into investment decisions that need to be made now, at a time when the price of oil is on the upswing thanks to Trump’s Iran adventure and Europe and China are racing to transition away from fossil fuels, while the U.S. remains becalmed by ideology.

“In the long run, fossil fuels will be used for petrochemicals and not for burning,” Cohen told me. “Fifty years from now, people are going to be amazed that we burned these rare, useful hydrocarbons for fuel, when the sun was just sitting up there providing an essentially infinite source of energy.”

Considering the amount of comedy that was dropped on L.A. last week for the third Netflix is a Joke Festival, the idea that anyone can see it all is laughable. Yet of course, like fools, once again we tried. Between big outdoor shows, theaters and intimate club gigs, the seven day smorgasboard of stand-up, improv, variety shows, marathons and more was a wild ride we won’t soon forget. Here is our list of the funniest shows we saw at Netflix is a Joke 2026.

Monday, May 4

Ron White, from left, Jim Jefferies, Sam Jay, Shane Gillis, James McCann and Dan Soder at the Hollywood Bowl.

(Adam Rose / Netflix)

Shane Gillis and Friends
Hollywood Bowl
As a sea of comedy fans filled up the Hollywood Bowl to kick off the first outdoor event at Netflix is a Joke, Shane Gillis brought the energy of a season-opening football game to L.A.’s biggest bandshell. Commanding a solid roster of veteran comics including James McCann, Sam Jay, Ron White, Dan Soder, and Jim Jeffries, Gillis took on the role of a grizzled and playfully perverse football coach hosting the night and telling funny stories about his days as a very average high school football player on crappy all-white teams before he blew up in comedy.

“Whoever the home team was in high school football you got to pick the intro song that you would run onto the field to to get hyped. So when me and the white guys were the home team, our music would be like ‘Cut my life into pieces…’ [singing Papa Roach’s “Last Resort”] something scary, something suicidal. That’s as intimidating as white dudes get…sad. Those are the most dangerous whites. If this game doesn’t go well I might shoot this whole thing up on Monday,” Gillis joked.

Fortunately it did go pretty well throughout the night as Gillis brought up each comic that used their different styles to score plenty of laughs throughout the night. (Nate Jackson)

Mike Ward
Dynasty Typewriter

Comedy transcends lines and borders, so when we heard that comedian Mike Ward hopped his own border in Canada to be at Dynasty Typewriter, we were all in. Rachel Bonnetta opened the show with a mix of playful confidence and high-energy hilarity, perfectly warming up the crowd before introducing the main attraction to fans. Record breaker and a master of storytelling in French, he didn’t disappoint with his all-English crossover, covering everything from his legendary Supreme Court of Canada case to teenage lust, dating after marriage, attempting generosity, and “trunk love.” Ward mentioned jokes translating from French to English and how they’d hit, but he was definitely in his element, and it all translated to perfect laughs. (Ali Lerman)

Tuesday, May 5

Theo Von and Mike Tyson record a live podcast at the Wiltern.

(Matthew Salacuse/Netflix )

Theo Von: ‘This Past Weekend’ Live- Guest: Mike Tyson- The Wiltern

Stand-up might own the Netflix Is a Joke Festival, but the podcasts they delivered are absolutely worth talking about. For Theo Von’s first-ever live taping of his hit podcast “This Past Weekend,” he landed the ultimate guest: Iron Mike Tyson. The sold-out crowd at the Wiltern erupted the second Von hit the stage, but that was nothing compared to the deafening roar of screams and “We love you, Mike!” when Tyson walked out.

Tyson admitted he wasn’t familiar with Von, but thankfully stated he did indeed like him, because that would have really messed up the rest of the episode! The two share an inquisitive and child-like energy, turning heavy conversations about growing up broke, the solitude of incarceration, and desperate cries for attention, into something remarkably light. Tyson’s vulnerable side was also on display while speaking about his daughter dying tragically, God’s plan for him, and speaking about his mentor Cus D’Amato, which quite literally brought him to tears. Can a show be heartfelt and insane at the same time? Definitely interested to see how they edit a few things, but when this knockout episode comes out, you’re truly in for a beautiful treat packed with plenty of wild moments. (A.L.)

Seinfeld featuring Leanne Morgan
The Greek Theatre

Blending the big-city humor with hilarious Southern comfort might sound like an odd pairing when talking about comedy, but something about the combo of Jerry Seinfeld and Leanne Morgan just works. Yes, we love a good rant about the terrors of technology from a comedy legend like Seinfeld, who got famous long before the advent of artificial intelligence and smartphones. But his crotchety comedy on a cold night at the Greek Theatre was complimented by Morgan’s ability to add warmth and sweetness to her smack talk about being a small town cheermom in the world of competitive cheerleading which she described as “the Olympics meets Honey Boo Boo.”

Most big comedy shows at the fest had a strict no cellphones policy, Seinfeld was content with just reminding us that our friends are all sick of our stupid cellphone videos. “They don’t care what you’re doing, your life, your experiences, any more than you care about what your friends are doing…everyone is sick of everything. That’s where we’re starting tonight.”

Both are recognized around the world for being on popular TV shows bearing their names. One star seemed genuinely enthralled that people recognized her and clapped when she came out, the other one seemed like he couldn’t get out of the show fast enough and get back to bed. But the mix of both energies of these authentic polar opposites worked well together to keep the crowd laughing. (N.J.)

Wednesday, May 6

David Spade, Dana Carvey and Chris Rock at the Orpheum Theatre.

(Kit Karzen / Netflix)

‘Fly on the Wall’ podcast with Dana Carvey, David Spade and Chris Rock
The Orpheum Theatre

The best way to get amazing stories out of a famous comedian is to be one yourself. It’s the reason a podcast like “Fly on the Wall” with David Spade and Dana Carvey succeed at squeezing the best out of their guests who are often on somebody’s Mt. Rushmore of Comedy. For the festival, the two “Saturday Night Live” alumni brought out the big guns by inviting their buddy Chris Rock downtown — ”way downtown” by his estimation — at 6 p.m. last Wednesday to the Orpheum for a live taping of the podcast. The three stars began by diving ever-so-casually into stories about their interactions with Michael Jackson, Tupac, Kanye and Dave Chappelle. Rock also got to expound on the classic period where he released some of the best comedy specials ever made.

He talked about his groundbreaking hour “Bring the Pain” being the result of doing as many shows as possible to pay for a divorce and as a result, “I got way better” he told Carvey and Spade. “Then I went on a Rocky run where he was knocking motherf— out.” He took that momentum into his next classic special, 1999’s “Bigger & Blacker,” that helped reshape the face of stand-up. “There’s a time in your life when you’re just a vessel and I was in that point of my life,” Rock said. (N.J.)

Nate Jackson at Laugh Factory Hollywood

It’s a skill for a comedian to be able to sit in the pocket of a crowd’s energy and keep a room full of people laughing and on their toes at the same time. Try doing it for six shows back to back. While it’s not the most consecutive sold-out shows he’s ever done at a venue (last year he delivered nine in a row at Zanies in Nashville), Nate Jackson’s ability to leave a mark on the fest at his week-long residency at Laugh Factory Hollywood was akin to watching an executive chef doing a week of cooking in his restaurant. In Jackson’s case that meant delivering some third-degree burns in the front several rows of the crowd known as the “roast zone.” When it comes to killing his customers Jackson prefaces every show the same way. “Rule number one, if I look at you and you don’t want no smoke, look away,” he told the Laugh Factory crowd.

“That is the rule and the standard, I do not get people unless they lock eyes and give me consent. As a matter of fact, this is called the Roast Zone. If anybody is accidentally down there, it’s time to get the f— out. Because rule number two is, if I look at you and you look at me and I start and you don’t like what I decided to talk about, looking away will no longer save you.” To the people that got a little too charred during his show, don’t say he didn’t warn you. (N.J.)

Thursday, May 7

Noah Wyle and Jon Stewart at the Hollywood Bowl.

(Adam Rose / Netflix)

Night of Too Many Stars
Hollywood Bowl

It was a starry, starry night at Thursday’s sold-out Hollywood Bowl Netflix is a Joke Presents: Night of Too Many Stars epic comic bonanza fundraiser benefitting autism programs nationwide, including Autism Speaks. Founded in New York by writer-producer Robert Smigel and his wife Michelle in 2003 following their son Daniel’s autism spectrum disorder diagnosis, the Los Angeles gala was hosted by longtime supporter Jon Stewart and featured a roster of top–tier stand-up talent including Niki Glaser, Ali Wong, Conan O’Brien, Tiffany Haddish, Sarah Silverman, John Mulaney and Adam Sandler, who closed the show with a trio of upbeat tunes. Cast members of reality shows such as “Love on the Spectrum” were also on deck to introduce comics, and auction items throughout the event raised crucially needed funds for individuals on the spectrum: a mock “physical examination” by Noah Wyle, star of HBO’s juggernaut medical series “The Pitt” fetched $18,000; a woman paid $50,000 to be animated into an episode of “The Simpsons.” One man stood up and donated $100,000 with no prize attached. The most special part of the night: I attended along with my son, 19, who is on the autism spectrum and laughed and smiled for three hours straight. (Malina Saval)

Wanda Sykes
Dolby Theatre

Politics, family, inflation, racism, weight gain and greed were among the multiple topics lampooned by Wanda Sykes during a dynamic and often wickedly funny tour stop at the Dolby Theatre last Thursday. Despite the large venue and packed-in audience, Sykes created an intimate club vibe, walking onstage in a utilitarian jumpsuit and instantly bonding with the audience over just how weird things have become in present-day America.

She likened 2026 to the Upside Down in “Stranger Things,” but populated with pedophiles, grifters and racists instead of demogorgons. Turn it upside down “and a billionaire falls through the ceiling,” she said. Her impersonation of Trump dancing and chatting with Epstein in the now infamous video clip was pure brilliance. How a 5-foot-2 Black woman looked more Trump than Trump was a feat unto itself.

Sykes also bemoaned the greed behind things marketed as conveniences, like supermarket self-checkout (“We’re working for free!”), food delivery bots and airport wheelchairs that get passengers to their gate without attendants. “That was someone’s job!” she said. Then added, “What if walking fast and [pushing heavy things] was the only thing they were good at?” Opening for Sykes was her former sidekick on “The Wanda Sykes Show,” Keith Robinson. (Lorraine Ali)

“Kill Tony”
Intuit Dome

The number one live podcast in the world, “Kill Tony,” returned to its roots in our beloved city on Thursday, and this time for the local masses at Intuit Dome. Co-hosted by Tony Hinchcliffe and Brian Redban, when there’s a show of this caliber during a festival, you just know the guests are going to be jaw droppers. Fighting the L.A. traffic to kick off the Dome show were Jelly Roll and Teddy Swims backed up by the Kill Tony Band, maybe? You know, it was hard to hear through all the women screaming. Kidding, we were all scream-singing, and it was such a fun way to start a show. Sitting on panel were beloved KT guests Harland Williams and Gabriel Iglesias, and the “legends bucket” made its way to its first arena in L.A., and the pulls were indeed clutch. Ron White, Joe DeRosa, and Tony’s number one favorite comic, Tony Hinchcliffe (played by Adam Ray), showed the crowd exactly what effortless and absolutely merciless veteran comedy looks like. Between bucket pull madness, a ton of Golden Ticket winners dazzled throughout, treating L.A. to a little slice of what we see in Austin on Mondays. (AL)

Friday, May 8

“Stamptown” at the Montalbán Theatre.

(Aaron Epstein / Netflix)

‘Stamptown’
Montalban Theater

Comedy variety show “Stamptown” begins with master of ceremonies Jack Tucker (the clown persona of Zach Zucker) descending from the ceiling covered in sweat as pyrotechnic flares explode on stage and electric guitars summon him before he falls flat on his face. But don’t worry, it only gets more insane from there. Part musical revue, part comedy showcase, and part circus — “Stamptown,” which filmed its shows for an upcoming Netflix special, is what happens when the lunatics get control of the asylum and decide to put on a Las Vegas show from hell. Tucker’s rapid-fire delivery is punctuated with sound effects, music cues, and the use of a variety of props dangling from his person at all times (including handcuffs, a wad of cash, and two guns). Featuring celebrity cameos, acrobatic stunts, full-frontal nudity, and the show’s stagecrew and audience members getting in on the chaos — “Stamptown” is a true homage to the theatrical possibilities of performance that toes the line ofwhat you think is possible to be done under the label “comedy show.” “Stamptown” at the Montalbán was filmed as part of a Netflix special that will air later this year, which any lover of brain rot and pageantry should be sure to check out. (Leila Jordan)

Dave Chappelle
The Palladium
We’re not allowed to say anything about went on at the Dave Chappelle three-show residency at the Palladium other than the fact that it was an evening of music and comedy. Per usual they locked up the crowd’s phones to see his show but fortunately there were plenty of actual cameras capturing what went on so hopefully you get to see what we saw very soon. (NJ)

Hasan Minhaj versus Ronnie Chieng
Dolby Theatre
Known for their spirited debates on “The Daily Show,” political satirists Hasan Minhaj and Ronny Chieng faced off in a comedy showdown where they challenged one another to prove who is better suited to fix a broken America, Asians (Chieng is from Malaysia) or Indians (Minhaj’s parents are from India)?

Never mind that Indians are South Asians, the two comedians got plenty of laughs backing up their absurd arguments with flow charts, graphs, curated news clips, a faux AI bot called “Niri,” and plenty of racist rhetoric. They broke down the debate into categories: Who’s better at academics? Business and the economy? Cuisine? Chieng argued that Asians are better at sports with a list of Olympic gold medal wins over the past three Summer Games. He won’t use all of Asia, he said, just China. Result? The country had over 100 gold medals. India had just one. Minhaj wondered aloud: For people who love gold so much, why is it so hard for us to win one?

Their choreographed debate exploited and skewered stereotypes via expert timing and pointed wit, hitting home with the predominantly Asian and South Asian audience. (L.A.)

Saturday, May 9

Atsuko Okatsuka with Margaret Cho and Trevor Noah at the Orpheum.

(Andrew Max Levy / Netflix)

Atsuko Okatsuka
The Orpheum Theatre

An Atsuko Okatsuka show is typically full of surprises as a result of her offbeat humor and twerk-master physicality. Her show at the Orpheum is the result of a brand-new hour she’s been performing on her Big Bowl Tour and includes plenty of jokes about dinosaurs and love of Jamaican dancehall choreography. But before she even took the stage with new material, fans got gleefully blindsided by the appearance of two comedy titans, Margaret Cho and Trevor Noah, who came out to deliver punchy opening sets that got loads of laughter to set the tone for Okatsuka’s evening of examining reality through her absurdist lens as an artistic performer who often feels like she’s from another planet. At the end of the show she announced that after releasing her first two specials on HBO (“The Intruder” in 2022) and Hulu (“Father,” which came out in 2025) her next special will be released (surprise!) on Netflix in 2027. (N.J.)

‘My Crazy Ex-Girlfriend’ Reunion

“Crazy Ex-Girlfriend” premiered on the CW Network in 2015 and managed to tell a complete four season story about mental illness in a musical comedy series that featured parody songs on everything from “Cats” to modern pop music to Jewish folk songs. Seven years after it ended, the cast and creatives behind the show reunited to perform a stripped-down selection of the series’ beloved songs. But this concert is not meant to serve as an introduction for those unfamiliar with the original show. The reunion performance is a tribute both to the miraculous existence of “Crazy Ex-Girlfriend” and to the devoted fans who still know all the words to songs like “Let’s Generalize About Men” and “Don’t Be a Lawyer.” (L.J.)

James McCann
Hollywood Improv (Main Room)

Australian-born comedian James McCann topped the bill Saturday night at the Hollywood Improv, and the eclectic crowd packed the place ready to celebrate his arrival in L.A. Host Benton Harshaw and openers Ruby Setnik and Sam Campbell absolutely connected and killed. And if my word count were double, they’d get individual praise for setting the room up perfectly. High energy was the vibe when McCann got on stage to wild roars from the 9:30pm early show crowd and his energy match, noting he was excited to be at the historic club himself. Mullet looking flawless, poems in tow, and dark humor dialed to an 11, he questioned L.A.’s homeless crisis, may have questioned the audience a bit too much, and tore through his thoughts on a census overhaul, the insanity of the TV show “Survivor” (yes, it’s still on), the glory days of drinking, and having visions of finally being successful enough to hire his dream team. (A.L.)

Tom Segura, left, and Bert Kreischer speak during the Two Bears 5k event at the Rose Bowl.

(Jerod Harris / Getty Images for Netflix)

2 Bears 5K
Rose Bowl

Can’t. Type. Too. Sore. And that’s not even from the run-walking, it’s from the afterparty inside Rose Bowl Stadium in Pasadena. Whether you kicked off this magical day of athleticism in downward dog with Ari Shaffir, or if you went straight for the starting line with Bert Kreischer, Tom Segura, and a svelte-looking Jelly Roll (bravo!), there was stretching, pacing, sweating and rejoicing to be had. The hang was so casual it allowed participants to rub elbows with a surplus of comics on hand like H. Foley, Kevin Ryan, Steph Tolev, Jefferson McDonald, Joe DeRosa, Jessimae Peluso, Greg Fitzsimmons, Daphnique Springs, Brittany Ross, Ian Fidance, Kim Congdon, and Dave Williamson. The finish line led runners directly into the Rose Bowl where there was plenty of Por Osos flowing, snacks, interactive games and recovery stations, and a live taping of 2 Bears 1 Cave with our favorite boys and celeb participants.

Sunday, May 10

Marcello Hernandez performed with Feid at the Hollywood Bowl on Sunday.

(Koury Angelo / Netflix)

Marcello Hernandez and Feid
Hollywood Bowl

On “Saturday Night Live,” he plays a Latin Lover named Domingo. But at the Hollywood Bowl on Mother’s Day Sunday, headliner Marcello Hernández riffed on his real life as a mama’s boy growing up in Miami — expanding on material from his 2026 Netflix special, “American Boy” — and duly invited out his mom, Isabel, who was met with a standing ovation. “God gave me a mother who worked her entire life for me,” said Hernández, who eased on his elastic goofball schtick to exalt immigrant mothers. “Today, I give thanks to her — and to all the mothers who are here, as well as those you left back home.”

Attended by nearly 17,000 people, the Bowl’s biggest Spanish-language comedy event also featured a special (and sensual) musical performance by Colombian reggaeton heartthrob Feid, as well as Mexican comedian Sofia Niño de Rivera, who opened the show with her own riotous act. At some point she asked the audience if beating piñatas had been canceled by the woke mob; you’ll just have to trust me when I say it’s even funnier in Spanish. (Suzy Exposito)

Roast of Kevin Hart
Kia Forum
Los Angeles showed up to the Forum in Inglewood for the roast of Kevin Hart, the comedian we love to hate but also love to laugh with. It was a brutal takedown of Hart that could only be accomplished by the utmost respect and love from his peers. A surprise appearance by his longtime rival Katt Williams brought the entire house to their feet. Sheryl Underwood expertly executed the punchlines and made the culture the star of her set. Chelsea Handler could have been the star of her own show. The Rock’s WWE entrance brought the heat of the pyrotechnics to the stage with his explicit propositioning of Hart’s wife, Eniko, and an attempt to breastfeed Hart. Some controversial jokes by lesser, edgy comedians fell flat but Jeff Ross, the master of roasts, held the tempo together and kept the roast moving forward. There was something for everyone in this, as Hart, the hardest working person in comedy, has become famous for. (Janelle Webster)

Flight of the Conchords
The Greek Theatre

Experiencing Flight of the Conchords at the Greek is something many fans of their lusty, yet-bone-dry musical comedy haven’t gotten to experience in a while. It’s been eight years since Jemaine Clement and Bret McKenzie have put us on “Business Time” with their stripped down odes to sexy R&B mixed with a hint of yacht rock, hip-hop power pop and whatever else they decided to throw together from their bag of classic jams that earned them fans in the early aughts. Following a killer opening set from comedian Arj Barker, Flight of the Conchords took the stage looking a bit more like silver foxes than young birds, which made the timeless chuckle-inducing tunes like “Robots,” “The Most Beautiful Girl (In the Room),” “Hurt Feelings” and “Business Time” land with even more impact as the crowd enjoyed some long-awaited nostalgia. Did they forget a few lyrics? Miss some solos? Mess up entire songs? Sure! But with a dose of Kiwi banter and the ability to laugh at themselves, the mistakes only made the show funnier and a reminder of why we’ve missed them. (N.J.)

Published on
13/05/2026 – 15:46 GMT+2

Europe’s reliance on American liquefied natural gas is set to increase further next year as the EU continues efforts to phase out Russian fossil fuel imports, according to new analysis published by the IEEFA on Wednesday.

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The report estimates that the US could supply close to two-thirds of Europe’s LNG imports in 2026, reinforcing Washington’s dominant position in the continent’s gas market after Russia’s invasion of Ukraine and the Iran war reshaped global energy flows.

According to IEEFA, the US already accounted for 57% of Europe’s LNG imports in 2025, a sharp increase compared with pre-war levels.

The organisation warned that the share could continue rising over the coming years if current import trends persist and additional long-term supply contracts enter into force.

The findings come as most European governments seek to fully eliminate Russian gas imports by 2027 under the European Commission’s REPowerEU strategy.

Since 2022, EU member states have rapidly expanded LNG purchases, particularly from the US, to compensate for declining Russian pipeline deliveries.

The IEEFA stated that the shift had improved Europe’s short-term energy security but also created a growing concentration risk.

The think tank argued that replacing dependence on Russian gas with heavy reliance on another single alternative supplier could expose Europe to future political and market instability.

Lower demand but higher imports and investment

The report noted that LNG imports from the US generally come at a higher cost than pipeline gas because of liquefaction, shipping and regasification expenses.

The IEEFA estimates that EU countries spent roughly €117 billion on US LNG imports between early 2022 and mid-2025.

Several European policymakers and regulators have previously warned against excessive dependence on imported LNG.

Earlier this year, European Commission Executive Vice President Teresa Ribera said the bloc should avoid replacing one energy dependency with another and accelerate investment in renewable power and electrification instead.

The European Union Agency for the Cooperation of Energy Regulators has also raised concerns about supply concentration risks linked to the growing role of US LNG in the European market.

The increase in LNG imports also comes despite a broader decline in European gas consumption in recent years.

High prices following the energy crisis, industrial weakness, energy-saving measures and faster deployment of renewable energy have all contributed to lower demand.

The IEEFA data shows Europe’s LNG imports declined in 2024 as gas consumption fell to its lowest level in more than a decade. However, imports rebounded in 2025 amid colder weather conditions and efforts by governments to replenish storage sites.

At the same time, several EU countries continue expanding LNG import infrastructure.

Germany, which previously relied heavily on Russian pipeline gas, has rapidly developed floating LNG terminals and emerged as one of the largest buyers of US LNG in Europe.

Analysts have also questioned whether Europe risks building excess LNG import capacity as long-term gas demand is expected to weaken further during the energy transition in the coming years.

US President Donald Trump has called Cuba ‘a failed nation’, as his administration expands its pressure campaign. Cuba has announced it’s getting rid of its fixed prices at the petrol pump as fuel shortages and power cuts worsen.

SEOUL, May 12 (UPI) — Korea Hydro & Nuclear Power, or KHNP, said Tuesday it partnered with Southern Nuclear Operating Co. of the United States to enhance nuclear engineering.

The state-backed enterprise signed a memorandum of understanding at its head office in Gyeongju, around 180 miles southeast of Seoul, with the U.S. nuclear company.

Under the agreement, KHNP said, the two would expand technical exchange programs and share best practices in operating nuclear facilities.

The South Korean company noted the partnership aligns with the efforts over the past few years to shift its operations toward an engineering-based system.

“This agreement is expected to help our engineers broaden their global perspective and provide an opportunity for our engineering system to advance further,” KHNP senior executive Kim Young-seung said in a statement.

“Down the road, we will do our utmost to perfect the Korean-style engineering system through close cooperation with overseas operators and international organizations,” he added.

Last June, KHNP signed a deal worth at least $18 billion to build two nuclear reactors in the Czech Republic. To support the project, the company plans to collaborate with various partners both at home and abroad.

As of the end of last year, KHNP ran a total of 26 nuclear reactors in South Korea. It is also constructing four new reactors in the country. KHNP is not publicly traded.

After successfully launching Nigeria’s only operational oil refinery in 2024, billionaire businessman Aliko Dangote has set his sights on East Africa as the next location for another mega refinery project, according to recent reports.

It comes as African countries are actively seeking ways to make energy more secure, following huge global disruptions amid the US and Israel’s war on Iran and Tehran’s subsequent closure of the Strait of Hormuz, through which about 20 percent of the world’s oil and natural gas is shipped.

Dangote, Africa’s richest man, appeared to be one of the winners from this fallout when his newly operational refinery, located in Nigeria’s commercial Lagos State, began selling large volumes of crude oil across the continent as the war on Iran escalated in March and global oil prices soared.

At present, West, South and East Africa rely primarily on importing refined petroleum products from the Middle East, meaning they are highly vulnerable to disruptions there.

Neighbours of Nigeria – Cameroon, Togo, Ghana and even Tanzania, further to the east – are among the countries that have turned to Nigeria as supplies from the Middle East dry up.

By the end of March, the refinery, which has the capacity to produce 650,000 barrels per day (bpd), reported it was also receiving orders from beyond the continent, especially for severely scarce jet fuel as hundreds of flights were cancelled across regions.

Supply from Dangote’s refinery has cushioned the impact of the war in terms of fuel supply for Nigeria and neighbouring countries, analysts say.

Nigeria is Africa’s largest oil producer, and the $19bn project in Lagos is currently the world’s largest single-train refinery, meaning it employs a single processing line rather than multiple units. But it hit full production capacity in February 2026, the same month the war with Iran started.

Nigeria has no functional state-owned refinery, so Dangote’s refinery is now positioning the country to be a net exporter of jet fuel and diesel.

Here’s why more refining capacity in Africa matters for the continent:

What is Dangote’s plan for an East Africa refinery?

In April, Kenya’s President William Ruto announced that East African countries were in talks to build a joint oil refinery at Tanzania’s Tanga port, which would have a similar capacity to Dangote’s Lagos operation.

“We do not want to be held hostage any more by the Strait of Hormuz,” Ruto said at a Nairobi business event in April, which Dangote was present at.

“We do not want to be held hostage by wars that are started by other people. We have our resources here, and we are saying we are going to use our African resources to industrialise our region.”

In an interview with the Financial Times on Sunday, however, Dangote said he would prefer to build the new operation in Kenya rather than Tanzania.

“I’m leaning more towards Mombasa because Mombasa has a much larger, deeper port,” the billionaire told the UK newspaper.

“Kenyans consume more. It’s a bigger economy,” he said, adding that “the ball is in the hands of President Ruto … Whatever President Ruto says is what I’ll do.”

He has projected construction costs of between $15bn and $17bn.

But venturing into East Africa, which has a very different commercial landscape from West Africa, could prove a challenge, analyst Dumebi Oluwole of Lagos-based intelligence firm Stears told Al Jazeera.

“Dangote has proven it [his operation] can build at scale,” she said. “The East African test will be whether it can also navigate the political and logistical landscape of a fragmented, multi-country market.”

Why aren’t African countries already producing more oil?

Despite having sizeable crude reserves, African countries only refine about 44 percent of the total oil consumed themselves, with imports making up the rest, according to a 2022 African Union report.

The top producers of refined oil are Algeria, Egypt and South Africa. There are about 21 refineries in North Africa.

Southern Africa has another seven, while West Africa has 14. However, most refineries in the two regions are either not operating or are producing below the capacity they are equipped to.

East Africa’s only existing refinery is in Mombasa, but it stopped operating in 2013 due to a combination of slow government policies and exiting investors, who deemed it commercially unviable as a result.

There is currently no refining capacity at all in East Africa, despite the region having about 4.7 billion barrels of crude reserves, according to the African Union, mainly in Uganda, South Sudan, Kenya and the Democratic Republic of the Congo.

Kenya imported 40 million barrels of petroleum in 2025. It regularly buys oil from the UAE, Saudi Arabia, India and Oman, all of which have been hampered by Iran’s closure of the Strait of Hormuz.

Nigeria itself is Africa’s biggest net crude producer with a 1.5 million to 1.6 million bpd capacity. The country has not refined meaningfully since 2019.

What difference will local refineries make for African countries?

Exporting most of its crude to then import refined products is expensive and puts Africa on the back foot, analyst Oluwole said.

More oil refined on the continent would mean lower petrol pump prices, lower transport costs, and more energy available for people and businesses, in theory. It would also mean greater access to by-products like fertilisers for farmers, for example, or petrochemicals for manufacturers.

“Dangote has demonstrated that a viable, scalable, intra-African energy supply option is possible – that proof of concept matters enormously,” said Oluwole.

“It reflects a growing continental conviction that Africa can provide for itself, and that this is no longer wishful thinking,” she added.

In Nigeria’s case, Dangote’s refinery is yet to ease pressures, though. Local airlines, for example, have complained about having to pay high prices for jet fuel even with improved local supplies. Analysts say that could be because Nigeria’s government removed fuel subsidies in 2023. Bureaucracy within the state oil company also forced Dangote’s refinery to import crude.

Still, the refinery is contributing to “a more transparent and competitive market”, Oluwole said, adding that results should eventually show.

Other countries are stepping up. Last week, Angola’s $470m Cabinda refinery began supplying domestic as well as foreign markets. The project is owned primarily by the United Kingdom’s Gemcorp Capital and has a capacity of 30,000bpd, with plans to double by the end of 2026.

Dangote’s planned refinery in Kenya, if completed, could also help to reduce East Africa’s reliance on the Middle East.

A separate, government-funded refinery project in Uganda’s Hoima region is also in the works. Authorities expect the project to be able to refine 60,000bpd when it starts operations in 2029. It will be fed by the joint Uganda-Tanzania East African Crude Oil Pipeline (EACOP), an ongoing project which will transport crude from Uganda’s Lake Albert to Tanzania’s Tanga Port.

Uganda also plans to produce diesel, jet fuel, kerosene and Liquefied Petroleum Gas (LPG).

With big plans in place, Oluwole says it’s now left to African governments to create enabling business environments for the private sector.

“Dangote has opened the door,” she said. “The question now is whether African institutions and governments will walk through it.”

US Department of Energy moves to transfer 53.3 million barrels amid rising oil prices.

The United States has announced its latest release of emergency oil stockpiles in coordination with the International Energy Agency (IEA).

The US Department of Energy said on Monday that it had begun transferring 53.3 million barrels from the strategic petroleum reserve after awarding contracts to nine companies under its emergency exchange programme.

Trafigura Trading LLC, a Texas-based commodities trading company, was granted the biggest haul of nearly 13 million barrels, with Marathon Petroleum Corporation and ExxonMobil set to receive 12.4 million barrels and 11.4 million barrels, respectively.

Macquarie Commodities Trading US, Atlantic Trading & Marketing, BP Products North America, Energy Transfer Crude Marketing, Mercuria Energy America and Phillips 66 will receive between 1.05 million and 6.55 million barrels each, according to the Energy Department.

Under the department’s exchange scheme, participating firms are required to replenish the stockpile with new barrels at a later date.

“These actions continue to move oil swiftly into the market, address near-term supply needs, and ensure that the Strategic Petroleum Reserve remains strong through the return of premium barrels,” Kyle Haustveit, the head of the department’s Hydrocarbons and Geothermal Energy Office, said in a statement.

The transfer comes after US President Donald Trump’s administration agreed in March to release 172 million barrels of crude as part of the IEA’s coordination of the largest unloading of global stockpiles in history.

Oil prices have surged since the US and Israel launched their war on Iran in late February, with Tehran’s retaliatory blockade of the Strait of Hormuz paralysing one of the world’s most important trade routes.

Maritime traffic in the strait has ground to a halt amid Iranian threats against commercial shipping, disrupting about one-fifth of the global oil trade.

Oil prices continued to edge higher on Monday after Trump dismissed Iran’s latest peace proposal and warned that the ceasefire between the sides was “on life support”, dampening hopes for a quick resolution to the conflict.

Facing growing public discontent over rising fuel prices, Trump on Monday also pledged to waive the 18.4 cents-per-gallon federal tax on petrol, though taxation is the purview of the US Congress.

Futures for Brent crude, the international benchmark, were up about 1 percent in Asia on Tuesday morning, topping $105 a barrel.

Senator Hawley plans legislative action supporting President Trump’s bid to waive the petrol tax amid rising consumer costs.

United States President Donald Trump said he will cut the 18-cent federal tax on petrol to offset surging prices that have continued to soar after his comments that the US ceasefire with Iran is on “life support”.

On Monday, Trump said he would suspend the petrol tax, but did not specify an end date.

“Yup, we’re going to take off the gas tax for a period of time, and when gas goes down, we’ll let it phase back in,” Trump told CBS News.

Trump later told reporters that he would waive the tax, which generates $2.5bn in funds used for US roadway infrastructure, “till it’s appropriate”.

The US administration hinted at the idea on Sunday, when US Energy Secretary Chris Wright told the NBC News programme Meet the Press that the White House was considering suspending the tax.

While the Republican president claimed he would waive the tax, that is not within the White House’s authority. Suspending a federal tax requires an act of the US Congress.

However, key Trump ally Senator Josh Hawley, a Republican from Missouri, said on the social media platform X that he would introduce legislation on Monday to do that.

In March, Senator Mark Kelly, a Democrat from Arizona, proposed suspending the tax until October.

“I anticipate it would pass, but there could be a procedural delay. It also suggests that President Trump doesn’t see a quick end to the reduced volumes and is trying to cushion the American consumer,” Rachel Ziemba, adjunct senior fellow at the Center for a New American Security, told Al Jazeera.

“The impact could be greater in states that have also reduced their own petrol taxes and could reinforce differentiation between petrol prices by region.”

US states also tax petrol, with Indiana, Kentucky and Georgia moving to make cuts to give consumers some relief at the pump.

Petrol prices have continued to climb since the initial strikes of the US-Israel war on Iran on February 28. The average price for a gallon (3.78 litres) of regular petrol is $4.52, according to the American Automobile Association, which tracks daily petrol prices, compared with $2.98 when the strikes first began.

However, news of the stumbling ceasefire has sent oil prices surging. Brent crude futures were up $3.17, or 3.13 percent, at $104.46 a barrel, while US West Texas Intermediate crude was at $98.32 a barrel, up $2.90, or 3.04 percent. Brent reached a session high of $105.99 and WTI hit a peak of $100.37.

On Wall Street, stocks for oil and gas giants are trending upward. Shell was up 1.6 percent in midday trading, Exxon rose 3.1 percent, BP gained 2 percent, and Chevron climbed 1.7 percent.

Airline bailout?

Trump was also asked by CBS on Monday whether a bailout was planned for the airline industry, which has taken a hit since the war on Iran began.

The president told the outlet that a bailout had not “really been presented” and that “the airlines are doing not badly”.

However, earlier this month, budget carrier Spirit Airlines ceased operations after 34 years. Court documents said the airline shut down because of “recent geopolitical events resulting in a massive and sustained increase in fuel prices”.

That comes as other major US carriers raise prices. In April, United Airlines said it would raise fares by 20 percent amid a surge in jet fuel costs.

May 10 (UPI) — Energy Secretary Chris Wright said Sunday the Trump administration is “open” to the possibility of suspending the federal tax on gasoline sales as prices spike amid the U.S.-Israeli war against Iran.

Wright said during an appearance on NBC’s Meet the Press he and Trump are “open to all ideas” to lower energy prices, including following the lead of some U.S. states in temporarily shelving taxes on gas at the pump amid the price surge.

“All measures that can be taken to lower the price at the pump and lower the prices for Americans, this administration is in support of,” he said. “We are constantly looking for different ideas.”

Citing previous measures such as releasing oil from the U.S. strategic petroleum reserves and “revising federal regulations on summer gasoline blends to make it easier for American refineries to produce more gasoline,” Wright said the suspension of the 18-cents-per-gallon federal tax on gas is also on the table.

“We are working every day to offset this rise in prices because of a critical conflict in Iran to drive prices down, and we’re open to all such ideas,” he said.

Wright’s comments came as the average national price of a gallon of unleaded gasoline stood at $4.52 per gallon as of Sunday, according to the Automobile Association of America.

U.S. drivers have seen sharp increases in pump prices in recent weeks after Iran blocked the vital Strait of Hormuz waterway connecting Persian Gulf oil and natural gas producers with world markets.

The move came in retaliation to a wave U.S.-Israeli bombing attacks on Iran beginning Feb. 28, which Washington and Tel Aviv claim were necessary to prevent the imminent development of a nuclear weapon by Iran’s rulers.

The price of regular gas last week surged 25 cents for the second consecutive week to $4.55 — $1.40 higher than they were a year ago and marking their highest level since 2022, the AAA reported.

Crude oil prices have dipped below $100 per barrel while a fragile cease-fire between the United States and Iran has been in place and negotiations to reopen the Strait have been ongoing. But with global oil supplies tightening, upwards pressure on pump prices continues.

In a separate appearance on CBS News’ Face the Nation on Sunday, Wright refused to predict were gas prices were heading.

“I don’t know the future of gas prices,” he said while admitting that “gasoline and diesel prices are up, and they will remain up while this conflict’s in place, and then they will come back down.

“And, ultimately, they’ll come back down lower than they were before.”

Caught between rising inflation and slowing growth, the United States Federal Reserve, the European Central Bank and the Bank of England are keeping interest rates and borrowing costs steady.

That’s despite rising energy bills, fuel and food costs squeezing businesses and households worldwide.

The International Monetary Fund is warning of a global slowdown, and no one knows how long the energy shock set off by the US-Israel war on Iran will last.

The impact will be felt hardest in emerging markets and developing nations. Central banks face a tough choice: fight rising prices or support a weakening economy.

May 8 (Asia Today) — South Korean President Lee Jae-myung spoke by phone Friday with Canadian Prime Minister Mark Carney to discuss ways to strengthen cooperation between the two countries, the presidential office said.

The two leaders agreed that South Korea and Canada should work more closely with the international community to support a peaceful resolution to tensions in the Middle East, secure freedom of navigation in the Strait of Hormuz and maintain stable energy supplies.

Kang Yu-jung, senior presidential spokesperson, announced the details in a written briefing.

Lee and Carney also reviewed follow-up measures from their bilateral summit held on the sidelines of last year’s Asia-Pacific Economic Cooperation summit in Gyeongju, South Korea, and assessed that the efforts were proceeding smoothly.

The leaders agreed that bilateral relations are expanding beyond security cooperation into the economy, energy, advanced industries and culture. They pledged to deepen strategic cooperation based on that momentum.

“For South Korea, Canada is a key partner,” Lee said. “At a time when the international order is increasingly complex and global energy supply chains remain unstable, I hope South Korea and Canada will further strengthen cooperation in security, the economy, energy, critical minerals and advanced industries.”

Carney expressed agreement and said it was important for middle powers such as Canada and South Korea to strengthen solidarity through a more practical approach.

The two leaders agreed to maintain frequent communication and direct officials at various levels to pursue concrete results across multiple areas of cooperation.

— 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=20260508010001895

Brent crude rises amid clashes in critical waterway.

Oil prices have jumped after clashes between United States and Iran in the Strait of Hormuz pushed their tenuous ceasefire to the brink.

Futures for Brent crude rose as much as 7.5 percent during a volatile trading session on Thursday, before easing as Asia’s markets opened on Friday morning.

The international benchmark stood at $101.12 per barrel as of 03:00 GMT, down from the day’s high of $103.70.

The latest rise came after the US and Iran exchanged fire in the critical strait, a conduit for about one-fifth of global oil and natural gas supplies, despite the truce announced between the sides on April 7.

US Central Command (CENTCOM) said it launched strikes on Iran after three US Navy guided-missile destroyers came under attack from Iranian missiles, drones and small boats in the strait.

Iran’s Khatam al-Anbiya Central Headquarters earlier accused the US of violating the ceasefire by attacking an Iranian oil tanker and another vessel in the vicinity of the waterway.

The Iranian military headquarters also accused the US of targeting civilian areas, including Qeshm Island.

US President Donald Trump on Thursday appeared to downplay the clashes, saying the ceasefire remained in effect, while Iran’s state-run Press TV said the situation had gone “back to normal”.

Shipping in the strait has been at a near standstill since late February amid the threat of Iranian attacks on the massive oil tankers that usually transport much of the world’s energy supplies.

Brent prices are up about 40 percent compared with before the war amid an estimated shortfall in daily production of 14.5 million barrels.

Asian stock markets opened lower on Friday amid the heightened tensions, with Japan’s benchmark Nikkei 225, South Korea’s KOSPI and Hong Kong’s Hang Seng Index each falling more than 1 percent.

On Wall Street, the benchmark S&P 500 fell about 0.4 percent overnight after hitting an all-time high the previous day.

May 6 (UPI) — Global oil prices fell sharply and financial markets rallied Wednesday after U.S. President Donald Trump paused a military operation to reopen the Hormuz Strait to commercial shipping to give advanced peace talks with Iran a chance to deliver “a complete and final deal.”

Falls in Brent crude of more than $10 a barrel to $99, American crude by $13 to $92 a barrel and rallies in Asian stock markets overnight that fed into Europe when bourses opened there failed to feed through to U.S. gas prices, which jumped 5 cents a gallon to their highest level of the war.

AAA motor club figures showed a national average of $4.54 for a gallon of petrol and $5.67 for diesel, meaning drivers were paying 53% and 51% more than before the war started on Feb. 28, with the caveat that fuel price adjustments normally lag crude oil price movements by several days.

The White House believes a draft one-page, 14-point memorandum of understanding to end the war and create a structure for more in-depth nuclear talks could succeed in breaking the deadlock, two U.S. officials and two other sources said.

An Iranian foreign ministry spokesman confirmed to CNBC that Iran was in receipt of the U.S. proposal and was “evaluating it.”

The Trump administration anticipates Iran will give its response with regard to the most critical elements of the plan in the next two days and although nothing has been finalized it was being seen as significant because it was the closest the sides had been to a deal since the beginning of the war.

However, Trump also appeared ambivalent, saying Wednesday it was “perhaps” too big of a stretch to believe Iran would take the deal and threatening to order the U.S. military to restart its airborne offensive against the country if it didn’t.

Analysts said investor confidence was boosted mainly by the fact the cease-fire was holding and signs that the economy was nowhere near as badly affected by the war as feared.

“This helped oil prices to come back down again and ease fears about a renewed escalation, with investors a bit more hopeful that an extended stagflationary shock would be avoided,” Deutsche Bank wrote in a note.

It added that investor confidence was also bolstered by new U.S. economic data showing among other positive indicators, that job vacancies declined less than anticipated in March, saying the numbers “cemented the case that the conflict’s wider economic impact was still fairly muted.”

“This helped oil prices to come back down again and ease fears about a renewed escalation, with investors a bit more hopeful that an extended stagflationary shock would be avoided,” they added.

Hopes were also riding on the possibility China would prevail on visiting Iranian foreign minister Abbas Araghchi to persuade Iran to uphold the current truce with the United States, so as not to throw a wrench into Trump’s visit to Beijing on May 14, the first by any U.S. president in almost a decade.

China is one of Iran’s largest customers for its oil exports.

In June 2017, with President Trump newly installed in office for the first time, one of the biggest battles with the administration was about oil. He’d just named the chief executive of Exxon Mobil, Rex Tillerson, as his secretary of State, even though great reporting — in this newspaper among others — had recently shown that the company knew all about, and lied all about, climate change as far back as the 1980s.

Back east, the attorneys general of New York and Massachusetts were trying to take the oil giant on, initiating investigations of the company to try to hold it accountable. Environmental advocates and consumer groups were pressing hard for California Atty. Gen. Kamala Harris to join in, and she seemed to be considering it. Then she left the office to assume her new U.S. Senate seat, and the decision fell to her replacement, Xavier Becerra — now a leading candidate for California governor.

As I wrote in these pages at the time, it was a great test for him, and a great curiosity that he was staying silent, “since the rest of Sacramento is hard at work dealing with climate change.” I was not the only one who noticed. Seventy thousand Californians signed petitions demanding action. Eight California representatives in Congress — including Jared Huffman and Ted Lieu — sent him a letter demanding a “vigorous” inquiry and pointing out that it was particularly important because the newly elected Trump administration was clearly favoring the oil industry. “California has led the world in responding to the dangers of climate change, and we know that it will continue to do so,” they wrote. “You now have a leading role in that effort.” But ultimately Becerra did not have a leading role, or indeed any role at all: He punted, as this editorial page pointed out. What Sen. Ted Cruz (R-Texas) is now trying to do by statute — immunize the big oil companies from prosecution for climate liability — Becerra accomplished by sheer silence.

In the years since, of course, California has paid a huge price for our inaction on climate. Just looking at wildfire, there were of course the great blazes that Los Angeles County will never forget in 2025, but also the 2020 August Complex fire in Humboldt and Mendocino counties, the 2021 Dixie fire up north, the 2017 conflagration across Napa and Sonoma counties, the 2017 Thomas fire in Ventura and Santa Barbara counties, the 2018 Camp fire that devastated Paradise — the list goes sadly on and on and on.

Meanwhile, Big Oil and its friends at Big Utility have racked up huge profits, and Californians have faced ever higher bills. An unhobbled oil industry played a huge role in reelecting Trump in 2024 and in taking us to war with Iran.

And through it all, during his years as attorney general, Becerra did little or nothing to help. As I said all those years ago, it’s a mystery why, though I fear the mystery gets clearer with each campaign funding filing over his long career. As California’s top prosecutor, he took big donations from oil industry giants such as Chevron, and also from energy companies Sempra and Southern California Edison. As a member of Congress, he took larger checks from Pacific Gas and Electric and Edison International.

This time around, as he seeks the governor’s office, Chevron has maxed out its contributions to his campaign, the first time they’ve found a gubernatorial candidate to back in a decade. Meanwhile, across the country, leading progressives have signed a pledge refusing fossil fuel donations. Another gubernatorial contender, Katie Porter, is among them. Needless to say, Becerra is not.

The California chapters of Third Act — a group of Americans over 60 that I helped found — canvassed their members last month and issued an endorsement of Tom Steyer, on the grounds that he had worked hard over the years to address energy and climate issues. Instead of taking money from Big Oil, he’s given money, time and counsel to those of us volunteering in the fight against the industry. In fact, I think that whether one is most concerned about lowering utility bills with clean energy or protecting California’s forests, beaches and insurance rates from the global warming threat, he’d be the most climate-conscious elected official in America.

But Third Act was also founded to help protect our democracy. And that means disconnecting public policy from campaign donations. We need leaders who will do the right thing for us, not for their donors. Steyer has called on Becerra to return his donations from Big Oil. That would be a start, but it doesn’t really make up for the wasted decade we’ll never get back.

Bill McKibben is the founder of Third Act and the author, most recently, of “Here Comes the Sun: A Last Chance for the Climate, a Fresh Chance for Our Civilization.”

Movie theaters are no longer just for watching stories — they’re becoming live entertainment portals. In a pivot toward live music entertainment, AMC is launching a real-time, interactive concert experience across 300 of its locations.

Unlike the static concert films of the past, the new tech allows artists on a remote stage to see, hear, and respond to the theater audience, effectively turning your local cinema into a stadium.

Pop stars Bebe Rexha, Paris Hilton, Kim Petras and Maren Morris are the first headliners for the concert series hitting AMC screens this June. The program moves away from pre-recorded content, opting instead for live broadcasts that allow artists to perform for a national theater audience in real time.

The movie theater chain is partnering with live entertainment company, Arena One, to bring this technology to 89 markets across the country.

“This is a highly immersive, communal experience, combining the energy of a live concert with the scale, comfort, accessibility and affordability unique to AMC,” Adam Aron, the chief executive officer of AMC Entertainment said during an earnings call Tuesday afternoon.

These one-night-only live events are meant to simulate the look and feel of going to a concert in-person — without the often-pricey cost of admission. According to AMC, the prices for these tickets will range from $40 to $75, depending on the artist and the market.

“The next chapter of live shows isn’t about proximity to big venues, it’s about creating visceral, intimate, affordable live connection between artists and fans no matter where they are,” Rohit Kapoor, Arena One’s founder, said in a statement.

“Arena One gives artists a new cinema-native canvas to create live performances, while amplifying the raw energy and shared fandom that makes live shows unforgettable.”

Music has been a hot topic for movie theaters of late as the industry continues to navigate rough waters amid hopes of a durable post-pandemic recovery.

Between box office-topping biopics like “Michael,” documentaries like “EPiC: Elvis Presley in Concert” and concert films like the forthcoming Billie Eilish movie “Hit Me Hard and Soft: The Tour,” movies rooted in music are consistently drawing sizable and enthusiastic theater audiences.

Aron, AMC’s CEO, added, “We believe that this innovation can open an entirely new chapter in live entertainment while driving incremental attendance and revenue across our circuit.”

Iran has attacked a UAE petroleum site in Fujairah, just days after the United Arab Emirates announced it was leaving OPEC. As the Strait of Hormuz crisis deepens and oil prices keep rising, could this accelerate the shift to renewables, or are we heading into an era of energy volatility?

In this episode: 

• Jim Krane (@jimkrane), Co-director of the Middle East Energy Roundtable, Rice University’s Baker Institute for Public Policy

Episode credits:

This episode was produced by David Enders and Sarí el-Khalili with Chloe K. Li, Catherine Nouhan, Tuleen Barakat, and our guest host, Kevin Hirten. It was edited by Tamara Khandaker. 

Our sound designer is Alex Roldan. Our video editors are Hisham Abu Salah and Mohannad al-Melhem. Alexandra Locke is The Take’s executive producer. 

Connect with us:

@AJEPodcasts on X, Instagram, Facebook, and YouTube

Caracas, May 5, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez called US President Donald Trump a “man of action” and reiterated her commitment to long-term relations with Washington during a ceremony at Miraflores Palace on May 1.

Rodríguez received a delegation of US officials and business executives led by Jarrod Agen, executive director of the Trump administration’s National Energy Dominance Council.

“Please tell President Trump, who is a man of action, that in Venezuela there are men and women of action, but also of their word,” she told the US guests during a televised broadcast. “And we have made a commitment to build solid, long-term relations between the US and Venezuela.”

For his part, Agen first referred to Trump as a “man of action” and claimed that US-Venezuela relations are currently moving at “Trump speed” and that the White House is looking to promote oil, gas, and mining investments in the Caribbean nation.

The public statements followed the signing of contracts with Overseas Oil Company and Crossover Energy Holding for oil and gas projects in Anzoátegui, Barinas, and Monagas states, with investments of up to US $2 billion planned. Venezuelan authorities provided no details about the ventures, with Rodríguez only stating that the natural gas output would be used to strengthen the country’s electricity generation.

According to Argus Media, the two corporations will “work with” Venezuelan state oil company PDVSA on extra-heavy crude projects in the Orinoco Oil Belt. Venezuela’s recent pro-business overhaul of the Hydrocarbon Law allows PDVSA to lease out projects in exchange for a portion of the output.

While Crossover Energy does not have a track record of any past energy initiatives, Overseas Oil is a subsidiary of Hunt Oil, a 90-year-old company founded by Texas magnate H.L. Hunt. Hunt Oil previously used its close ties to the George W. Bush administration to secure oil contracts in Iraqi Kurdistan following the 2003 US invasion.

The latest oil agreements follow major energy deals struck by Chevron, Eni, Repsol, and Shell under the favorable conditions of the reformed Hydrocarbon Law, which include expanded control over operations and sales as well as reduced taxes and royalties.

On May 1, the acting Rodríguez administration also signed a memorandum of understanding in the mining sector with the US’ Heeney Capital and Switzerland’s Mercuria Energy Group.

In a statement, Mercuria, one of the world’s largest commodity traders with a history of involvement in international mining projects, explained that it had entered into “a series of strategic offtake agreements” to purchase around $2.2 billion a year of Venezuelan bulk commodities and gold. 

“The transactions align with ongoing efforts by US authorities to encourage responsible foreign investment in Venezuela’s extractive industries and to facilitate offtake structures that prioritize supply to Western markets,” the communiqué read.

Mercuria and Heeney likewise expressed interest in aluminum, nickel, and ferrous products “opportunities” that could represent a further $3 billion in annual exports.

Heeney co-founder and partner Sean Pi, who signed the agreement on behalf of the foreign companies, thanked Trump for his “leadership” in defending US access to critical minerals. Pi testified before the US House of Representatives in February to back legislative initiatives deregulating and streamlining mining projects to bolster the US supply of critical minerals.

Venezuelan Mining Minister Héctor Silva hailed the deal a “first step for the strengthening of mining ties between the US and Venezuela.” The Venezuelan National Assembly recently approved a new Mining Law that establishes incentives for Western conglomerates to exploit the South American country’s vast mineral resources.

The US delegation for the energy and mining deals with Caracas arrived on board the first direct flight between the US and Venezuela. American Airlines will hold a daily Miami-Caracas connection and will add a second one beginning on May 21 due to high demand.

US Chargé d’Affaires in Venezuela John Barrett held a ribbon-cutting ceremony alongside Venezuelan Transport Minister Jacqueline Faría to mark the resumption of the direct flights. 

Addressing reporters, Barrett stated that the reestablished air connection was a “milestone” and a “clear sign that Venezuela is open for business.”

Caracas and Washington fast-tracked a diplomatic rapprochement in the wake of the January 3 US military strikes and kidnapping of President Nicolás Maduro. Acting President Rodríguez has hosted several White House officials and touted investment opportunities for US corporations. For its part the Trump administration has issued sanctions waivers allowing select Western companies to participate in the Venezuelan energy and mining sectors but imposing control over Venezuelan export revenues.

Edited by Lucas Koerner in Caracas.

Thailand has formally scrapped a 25 year old agreement with Cambodia aimed at jointly exploring offshore energy resources in disputed waters. The decision, announced by Prime Minister Anutin Charnvirakul, marks a significant shift in bilateral relations and raises fresh uncertainty over the future of energy cooperation in the region.

The agreement, known as Memorandum of Understanding 44, was signed in 2001 to create a framework for joint exploration of oil and gas reserves in overlapping maritime claims within the Gulf of Thailand. Despite its ambitious goals, the pact has seen little tangible progress over the past two and a half decades.

A Long Stalled Framework

Memorandum of Understanding 44 was designed as a dual track mechanism. It sought to enable joint resource exploration while allowing both countries to continue negotiations over maritime boundary demarcation. However, repeated political disruptions, competing national interests, and periodic tensions prevented meaningful advancement.

Thai officials have increasingly argued that the agreement failed to deliver results, with no concrete development of hydrocarbon resources despite years of dialogue.

Domestic Politics and Strategic Timing

The cancellation also reflects domestic political dynamics in Thailand. Anutin, who secured reelection following a surge in nationalist sentiment, had pledged to withdraw from the agreement as part of his campaign platform.

Although he has stated that the decision is not directly linked to recent border conflicts, the broader context suggests otherwise. Nationalist pressures and public opinion have played a role in shaping policy, particularly after violent clashes between the two countries last year.

Cambodia’s Response and Regional Implications

Cambodia has previously expressed strong opposition to Thailand’s plan to withdraw, describing it as deeply regrettable and reaffirming its commitment to the agreement. The lack of immediate response following the announcement leaves open questions about Phnom Penh’s next steps.

The termination of the pact could complicate future negotiations, especially in resource rich areas where both nations maintain overlapping claims. It may also delay potential energy development projects that could have benefited both economies.

From Cooperation to Legal Frameworks

Thailand has indicated that it will now rely on the United Nations Convention on the Law of the Sea as the basis for any future discussions. This shift signals a move away from cooperative frameworks toward a more formal and potentially contentious legal approach to resolving maritime disputes.

While UNCLOS provides established mechanisms for dispute resolution, negotiations under its framework can be lengthy and politically sensitive.

Conflict and Fragile Stability

The backdrop to this decision includes two recent rounds of armed conflict along the Thailand Cambodia border, which resulted in significant casualties and large scale displacement. Although a ceasefire has been in place since late December, tensions remain high, and mutual distrust persists.

Each side continues to blame the other for initiating the clashes, underscoring the fragile nature of the current peace.

Analysis

Thailand’s withdrawal from the joint energy agreement reflects a broader shift from cooperative engagement to assertive unilateralism. While the official rationale centers on lack of progress, the timing and political context suggest that strategic and domestic considerations are equally influential.

For Thailand, the move reinforces national sovereignty and responds to domestic expectations. However, it also risks escalating tensions with Cambodia and undermining long term opportunities for shared economic gains.

For Cambodia, the collapse of the agreement represents both a diplomatic setback and a potential loss of access to jointly developed energy resources. It may now seek alternative avenues, including international arbitration or renewed bilateral negotiations under different terms.

At a regional level, the decision highlights the challenges of managing overlapping territorial claims in resource rich areas. Without effective cooperation mechanisms, such disputes are more likely to shift toward legal confrontation or political escalation.

Ultimately, the end of this long standing pact underscores a key reality in international relations. Agreements that lack sustained political commitment and mutual trust are unlikely to endure, particularly in environments shaped by nationalism and unresolved territorial disputes.

With information from Reuters.

Dealing with emissions could help alleviate effects of Iran crisis on global energy supply, says report.

Tackling methane emissions in the fossil fuel sector would help efforts to hold back climate change and increase energy security, especially as the Iran crisis threatens global supplies, according to a report by the International Energy Agency (IEA).

The oil, gas and coal industries account for about 35 percent of all methane emissions from human activity, notes the IEA’s Global Methane Tracker 2026, released on Monday. However, there is little progress in reducing them, the report points out.

“There is still no sign that methane emissions from fossil fuel operations are falling, despite well-known and proven mitigation pathways,” the IEA said.

Methane, the second-biggest contributor to climate change, stays in the atmosphere for far less time than carbon dioxide, but its warming effect is roughly 80 times more potent over a 20-year period.

The IEA estimates that methane emissions from oil, gas and coal total 124 million tonnes a year. Oil is the largest source at 45 million tonnes (Mt), followed by coal at 43 Mt, and natural gas at 36 Mt.

“A further 20 Mt comes from bioenergy production and consumption, largely from the incomplete combustion of traditional biomass used for cooking and heating in developing economies,” the report added.

Oil prices have soared since the United States and Israel launched their war against Iran in late February and Tehran closed the Strait of Hormuz in response. An April ceasefire between the sides is currently holding, but global energy supplies remain limited.

The ongoing crisis is reshaping the global energy system and disrupting about 20 percent of global liquefied natural gas (LNG) trade flows.

Nearly 100 billion cubic metres of natural gas could be made available annually through a global effort to cut methane from oil and gas operations, the IEA said, estimating that nearly 15 billion cubic metres could be made available in a sufficiently short period of time to provide some relief to gas markets.

A further 100 billion cubic metres would be unlocked through the elimination of non-emergency flaring worldwide, it added.

Paris initiative

France, using its role as rotating chair of the Group of Seven (G7) bloc of industrialised powers, convened government officials, industry leaders and experts on Monday to build momentum on cutting methane emissions.

The conference aimed at reducing methane emissions ahead of the United Nations’ November COP31 summit.

“I sincerely hope that the discussions we will have today will enable us to join our forces to accelerate the implementation of effective solutions to reduce methane emissions,” French Ecological Transition Minister Monique Barbut said in a speech.

“Of course, action on methane is not a fight of any single actor and nobody can win it alone,” she added, noting that the world remains “very far” from meeting a pledge to cut methane emissions by 30 percent by 2030 compared with 2020 levels.

“Reducing methane emissions remains one of the best things we can do to slow global warming while cleaning up our air, improving public health, and increasing our energy security,” British Secretary of State for Energy Security Ed Miliband said in a video message.

May 3 (UPI) — Oil exports from the United States have increased by more than 30% the U.S.-Israeli war in Iran started and the Strait of Hormuz was blockaded in response.

The Port of Corpus Christie has overtaken the ports in Saudi Arabia and Iraq in the last few weeks as the two Persian Gulf ports have been cut off from the rest of the world since the Strait has been blockaded.

Over the past two months, the United States has sold more than 250 million barrels of oil to foreign buyers as exports have increased by 30%, from 3.9 million barrels per day in February to 5.2 million barrels per day in April, Bloomberg and CNBC reported.

Experts have warned, however, that domestic oil inventories are depleting stockpiles and there is a question of how long the country will be able to continue replacing oil on the market that is stuck in the Strait.

Although selling oil is good for business, oil producers are struggling to keep up with the demand and it is possible that selling so much could have an add-on effect of pushing gas prices for American consumers even higher than they have gone since the war started.

“Ships are coming to take our oil, but once significant volumes of are leaving the United States, it can be expected that balances will tighten,” Clayton Seigle, senior fellow at the Center for Strategic and International Studies, told Bloomberg.

“We are digging ourselves a hole in terms of spending down inventories,” he said.

Roughly 20% of global oil supplies pass through the Strait of Hormuz and Iran’s shutting of it has caused gas and fuel prices to skyrocket over the last two months, including massive effects on the airline industry, which has seen seen the price of jet fuel double since before the war.

Oil from the United States, Latin America and West Africa could for a short time be a substitute for Middle Eastern oil for countries in Asia, which has been hurt the most, but it is not ideal, Matt Smith, director of commodity research at Kpler, told CNBC.

“Asian markets are buying whatever they can get their hands on, so they’re taking a lot of light sweet [American] crude [oil],” Smith said, but their refineries are optimized for the heavier oil produced in the Middle East.

“It’a hole that can’t be plugged,” Smith told CNBC. “The answer has to be ensuring secure supply from the Middle East.”

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