Disruption to fuel and fertiliser supplies due to the Strait of Hormuz closure will hit crop yields, UNDP chief warns.
Published On 23 Apr 202623 Apr 2026
The Iran war will push more than 30 million people back into poverty, with the knock-on effects of the conflict likely to increase food insecurity in the coming months, the United Nations has warned.
Disruption to fuel and fertiliser supplies due to the ongoing blocking of cargo vessels through the Strait of Hormuz has already lowered agricultural productivity and will hit crop yields later this year, the UN’s development chief said on Thursday.
Recommended Stories
list of 4 itemsend of list
“Even if the war would stop tomorrow, those effects, you already have them, and they will be pushing back more than 30 million people into poverty,” said Alexander De Croo, administrator of the United Nations Development Programme (UNDP).
He also warned of other fallouts of the United States-Israeli war on Iran, including energy shortages and falling remittances.
Much of the world’s fertiliser is produced in the Middle East, and one-third of global supplies passes through the Strait of Hormuz, where Iran and the US are jostling for control.
The UN’s Food and Agriculture Organization (FAO) last week warned that a prolonged crisis in the strait could lead to a global food “catastrophe”.
India, Bangladesh, Sri Lanka, Somalia, Sudan, Tanzania, Kenya, and Egypt are among the countries most at risk, according to the FAO.
“Food insecurity will be at its peak level in a few months – and there is not much that you can do about it,” De Croo said.
Straining humanitarian efforts
The knock-on effects of the Iran conflict have already wiped out 0.5 percent to 0.8 percent of global gross domestic product (GDP), according to De Croo, who noted, “Things that take decades to build up, it takes eight weeks of war to destroy them.”
De Croo, the former prime minister of Belgium, also warned that the Middle East crisis is straining humanitarian efforts in other parts of the world, with the sector already facing funding cuts.
The US-Israeli attacks on Iran, which began on February 28, have also choked up key humanitarian aid routes, delaying life-saving shipments to some of the world’s worst crises.
“We will have to say to certain people, really sorry, but we can’t help you,” De Croo said. “People who would be surviving on help will not have this, and will be pushed into even greater vulnerability.”
WASHINGTON — Los Angeles Mayor Karen Bass and L.A. County Supervisor Kathryn Barger met privately with President Trump and administration officials Wednesday to press for federal support and yet-unpaid wildfire recovery funding as the region continues to rebuild from the 2025 fires.
“This afternoon we met with President Trump and Administration officials to advocate for families who lost everything,” Bass and Barger said in a statement. “We had a very positive discussion about FEMA and other rebuilding funds as well as the support of the President to continue joining us in pressuring the insurance companies to pay what they owe — and for the big banks to step up to ease the financial pressure on L.A. families.”
Barger said the two leaders had a “high-level discussion” with the president in the Oval Office, sharing stories about what fire survivors are experiencing day to day. She added that “we left details behind with the President,” but did not specify whether Trump made any funding or policy promises during the meeting.
“First and foremost, today’s meeting was to thank the President for his initial support of infusing federal resources to expedite debris removal, as well as his recent tweet about insurance companies, which have already proven fruitful,” she said in a statement provided to The Times.
Bass was similarly reserved about the discussions, telling reporters that “we will follow up with the details,” but signaled progress is being made on federal support.
“I think what’s important is that we certainly got the president’s support in terms of, you know, what is needed, and then the appropriate people were in the room for us to follow up. And that was Russ Vought, who is the head of the Office of Management and budget,” Bass told KNX on Wednesday.
The meeting comes on the heels of a yearlong standoff between California leaders and the Trump administration over wildfire recovery funding, disaster response and whether the federal government should have a say in local rebuilding permitting.
California leaders, led by Gov. Gavin Newsom, have accused the Trump administration of withholding billions in critical wildfire aid, prompting a lawsuit over stalled recovery funds. Officials allege political bias in the delay of billions of dollars from the Federal Emergency Management Agency.
Newsom visited Washington in December. When he made his rounds on Capitol Hill, he met with five lawmakers, including three who serve on the Senate and House appropriations committees, to renew calls for $33.9 billion in federal aid for Los Angeles County fire recovery.
But the governor said he was denied a meeting with FEMA and would not say whether he had attempted to meet with Trump to discuss the issue.
Bass, meanwhile, appears to have found a path to the president on a subject that has been paramount for her community.
The fruitful meeting comes after Trump lobbed insults at the mayor at a news conference earlier this year, where he called her “incompetent” for how she handled last year’s wildfire recovery efforts. He alleged that under Bass’ leadership, the city’s delay in issuing local building permits will take years when it should have taken “two or three days.”
California officials, including Newsom, have urged the Trump administration to send Congress a formal request for the $33.9 billion in recovery aid needed to rebuild homes, schools, utilities and other critical infrastructure destroyed or damaged when the fires tore through neighborhoods more than 15 months ago.
What Bass and Barger’s meeting with the president ultimately produces remains to be seen.
The billions in recovery aid have not yet materialized, but the meeting could potentially give those discussions new momentum.
The White House did not immediately respond to a request seeking comment about the meeting.
Earlier this month, Trump criticized insurance provider State Farm on Truth Social for its handling of the devastating Los Angeles County wildfires. He accused the insurance giant of abandoning its policyholders when tragedy struck.
“It was brought to my attention that the Insurance Companies, in particular, State Farm, have been absolutely horrible to people that have been paying them large Premiums for years, only to find that when tragedy struck, these horrendous Companies were not there to help!” Trump wrote.
But the rebuke didn’t come out of the blue. It stemmed from a controversial February visit to Los Angeles by Trump administration officials.
Trump tapped Environmental Protection Agency Administrator Lee Zeldin in an effort to strip California state and local governments of their authority to permit the rebuilding of homes destroyed in the Eaton and Palisades fires.
Within the week, Zeldin was in Los Angeles, bashing Newsom and Los Angeles officials at a roundtable with fire victims and reporters, saying that residents were suffering from “bureaucratic, red tape delays and incompetency” and that leadership was “denying them … the ability to rebuild their lives”.
After these meetings, Trump directed Zeldin to investigate the insurers’ responses. State Farm, facing roughly $7 billion in fire-related claims, is also under formal investigation by California’s insurance commissioner over its handling of the crisis.
Despite tensions with the administration, Bass and Barger appeared confident that progress was being made on the insurance and funding issues.
“Our job is to fight for our communities,” their joint statement concluded. “When it comes to this recovery, our federal partners are essential, and we are grateful for the support of the President.”
In a letter to EU foreign policy chief Kaja Kallas, the three governments say Israel is violating ‘human rights’.
Spain, Slovenia and Ireland have urged the European Union to debate suspending its association agreement with Israel, saying the bloc can no longer remain “on the sidelines” as conditions worsen in Gaza, the occupied West Bank and Lebanon.
Speaking before a meeting of EU foreign ministers in Luxembourg on Tuesday, Spanish Foreign Minister Jose Manuel Albares said the three countries had formally requested that the issue be placed on the agenda.
Recommended Stories
list of 4 itemsend of list
“Spain, along with Slovenia and Ireland, has requested that the suspension of the Association Agreement between the European Union and Israel be discussed and debated today,” Albares said.
“I expect every European country to uphold what the International Court of Justice and the UN say on human rights and the defence of international law. Anything different would be a defeat for the European Union,” he added.
In a joint letter sent last week to EU foreign policy chief Kaja Kallas, the three governments said Israel had taken a series of measures that “contravene human rights and violate international law and international humanitarian law”, adding that it breached the 1995 agreement that outlines political, economic and trade relations between the EU and Israel.
They said repeated appeals to Israel to reverse course had been ignored. The ministers pointed to a proposed Israeli law that would impose the death penalty by hanging on Palestinians convicted in military courts, describing it as “a grave violation of fundamental human rights” and a further step in the “systematic persecution, oppression, violence and discrimination” faced by Palestinians.
They also cited the humanitarian crisis in Gaza, saying conditions there were “unbearable”, with continuing violations of the ceasefire agreement and insufficient aid entering the territory.
The letter warned that violence in the occupied West Bank was also intensifying, with settlers acting “with absolute impunity” alongside ongoing Israeli military operations, causing civilian deaths.
“The European Union can no longer remain on the sidelines,” the ministers wrote, calling for “bold and immediate action” and saying all options should remain on the table.
The three countries argued Israel was in breach of Article 2 of the EU-Israel Association Agreement, which ties relations to respect for human rights. An earlier EU review had already found Israel was failing to meet those obligations, they said, adding that the situation had deteriorated further since then.
During a donor conference in Brussels, Kallas said the estimated cost of rebuilding Gaza had risen to $71bn.
Ireland and Spain first pushed for a review of the agreement in 2024, but the effort failed to win enough backing from member states supportive of Israel. A later Dutch-led initiative succeeded in triggering an EU assessment, which concluded Israel had “likely” breached its obligations under the pact.
Possible trade measures, including suspending parts of the relationship, were later discussed but not implemented after Israel pledged to significantly increase humanitarian aid entering Gaza.
Occupied Territories Bill
Ireland is also seeking to revive its Occupied Territories Bill, first introduced in 2018, which would ban trade in goods and services from illegal settlements in the occupied Palestinian territory, including the West Bank. Progress has stalled despite unanimous backing in the lower house of parliament, the Dail.
Meanwhile, Spain and Slovenia have moved to curb trade with illegal Israeli settlements in the occupied West Bank following sustained public protests and growing political pressure. In August last year, Slovenia banned imports of goods produced in Israeli-occupied territories, becoming one of the first European states to take such a step.
Spain followed later that year with a decree banning imports from illegal Israeli settlements, with the measure coming into force at the start of 2026.
All three countries formally recognised the State of Palestine in May 2024, in what was widely seen as a coordinated diplomatic move aimed at increasing pressure for a two-state solution.
A test-fire of strategic cruise missiles and anti-warship missiles from the destroyer Choe Hyon in North Korea, 12 April 2026 (issued 14 April 2026). File. Photo by KCNA / EPA
April 19 (Asia Today) — North Korea launched multiple ballistic missiles on Saturday, just 11 days after its previous test, in what analysts describe as an effort to expand and demonstrate its nuclear delivery capabilities.
South Korea’s Joint Chiefs of Staff said the missiles were fired around 6:10 a.m. from the Sinpo area on the country’s east coast and flew about 140 kilometers over the East Sea.
The launch site, near a key submarine facility, has raised the possibility that the weapons could be linked to submarine-launched ballistic missile development, though officials said further analysis is needed.
The Joint Chiefs of Staff said it is assessing the missiles’ specifications and whether they were launched from land or underwater.
Sinpo is home to North Korea’s main submarine shipyard, where vessels such as the “Kim Gun-ok Hero” submarine have previously been unveiled.
Recent satellite imagery cited by the North Korea-focused outlet 38 North indicated that another submarine had been moved to dry dock, suggesting possible preparations for additional testing.
Yang Wook, a research fellow at the Asan Institute for Policy Studies, said the relatively short flight distance raises questions about whether a full submarine-based launch was conducted.
“Given the 140-kilometer range, it is unclear whether this was a full SLBM test, but the location suggests it could be part of efforts to verify repeated launch capability,” he said.
If confirmed as an underwater launch, the test would mark North Korea’s latest step in diversifying its nuclear delivery systems, following demonstrations involving land-based missiles and sea-based platforms in recent weeks.
Under its latest defense development plan, North Korea has been expanding a range of strategic capabilities, including short-range ballistic missiles, hypersonic weapons, cruise missiles and solid-fuel intercontinental ballistic missile engines.
Analysts say the timing may also reflect broader geopolitical considerations. With the United States focused on conflict in the Middle East, North Korea could be seeking to exploit a perceived security gap while reinforcing its deterrence posture.
Some experts also suggest the launch may be intended to strengthen Pyongyang’s bargaining position ahead of potential diplomatic engagement tied to an expected visit by President Donald Trump to China next month.
Field Marshal Asim Munir leaves Tehran while premier Shehbaz Sharif heads home from Turkiye amid hopes of another round of US-Iran talks.
Published On 18 Apr 202618 Apr 2026
Pakistan’s army chief and the prime minister have wrapped up separate diplomatic visits aimed at advancing efforts to end the United States-Iran conflict, with Field Marshal Asim Munir leaving Tehran and Prime Minister Shehbaz Sharif returning from Turkiye.
Munir met Iran’s leadership and peace negotiators during a three-day visit to Tehran, a Pakistani military statement said on Saturday.
Recommended Stories
list of 4 itemsend of list
The visit demonstrated Pakistan’s “unwavering resolve to facilitate a negotiated settlement… and to promote peace, stability and prosperity,” the military said ahead of expected US-Iran talks in Islamabad in the coming days.
Munir held talks with the country’s president, foreign minister, parliament speaker and head of Iran’s military central command centre.
Parliament Speaker, Mohammad Bagher Ghalibaf, and Foreign Minister, Abbas Araghchi, led the Iranian delegation to Islamabad for peace talks with the US last week, the highest level face-to-face contact between Washington and Tehran in decades.
Those talks ended without agreement, and a ceasefire is due to expire on April 22.
But diplomacy has continued, with Pakistan’s Prime Minister, Shehbaz Sharif, visiting Saudi Arabia, Qatar and Turkiye to push the peace process.
His three-country trip concluded on Saturday, with Sharif and Foreign Minister Ishaq Dar departing a diplomacy forum in Antalya, according to statements from both officials.
“I leave Antalya [Turkish city] with fond memories and a renewed commitment to further strengthening the enduring fraternal bonds between our two nations, and to continuing our close cooperation to advance dialogue and diplomacy for lasting peace and stability in the region,” Sharif posted on X.
The flurry of diplomacy comes as further negotiations are expected in Pakistan in the coming days as Islamabad intensifies contacts with regional and global leaders in an effort to sustain momentum towards a US-Iran deal.
Pressure for a deal between the two countries has grown after Iran reimposed restrictions on the Strait of Hormuz, hours after its reopening following the start of a ceasefire in Lebanon. Tehran accused the US of violating a deal to reopen the strategically important waterway.
Donald Trump has said a second round of talks with Iran could be held in Pakistan in the coming days. The New York Post reported that Trump praised Munir, saying he was “doing a great job”.
Reporting from Islamabad, Al Jazeera’s Kamal Hyder said Munir landed back home on Saturday as Pakistan prepared for another round of US-Iran talks expected “within the next few days”.
“We have also seen a lot of praise from the Trump administration on social media, praising the Pakistani leadership. So all eyes are on Islamabad. Serious differences remain, but there is a flurry of diplomatic activity and a hope and expectation that some sort of breakthrough may happen,” he said.
Hyundai executive vice chairman Chung Eui-sun delivers a speech during the Hyundai press conference at the 2020 International Consumer Electronics Show in Las Vegas, Nevada, USA, 06 January 2020. File. Photo by ETIENNE LAURENT / EPA
April 13 (Asia Today) — Chung Eui-sun said robotics and artificial intelligence will be central to Hyundai Motor Group’s future growth, as the company plans to invest $26 billion in the United States by 2028.
Hyundai Motor Group aims to expand beyond its traditional automotive business into “physical AI,” integrating robotics and AI into real-world industrial applications.
In an interview with Semafor published Saturday, Chung said robotics and physical AI are key to the group’s evolution beyond mobility, adding that the company is working to develop robots that collaborate with humans.
The chairman reiterated a human-centered AI robotics strategy introduced earlier this year and confirmed plans to deploy humanoid robots in manufacturing by 2028. The company intends to build an annual production capacity of up to 30,000 units by 2030.
The initiative includes the use of humanoid robots developed by Boston Dynamics, which is affiliated with Hyundai Motor Group.
Chung said robotics and AI will play a growing role in improving manufacturing efficiency and product quality as customer demands evolve. He added that integrating innovation into real-world applications will enable collaboration between humans, robots and AI to enhance productivity.
He also underscored the strategic importance of the U.S. market, calling it a key foundation for long-term resilience and sustainable growth.
The group has invested about $20.5 billion in the United States over the past 40 years and plans to increase that figure to $26 billion by 2028, he said. The company is also advancing software-driven manufacturing innovation through its U.S. production operations.
To address global uncertainty, Chung said the company is pursuing a strategy that combines global expansion with localization, citing shifts in regulations, supply chains and customer demand across regions.
He also reaffirmed Hyundai’s commitment to hydrogen energy, saying rising demand driven by AI infrastructure and data centers makes hydrogen a critical alternative energy source.
The company is expanding its hydrogen ecosystem under its HTWO brand, covering production, storage, transportation and utilization.
Chung emphasized that hydrogen and electric vehicles are complementary technologies, adding that offering diverse energy options will be key to competitiveness in the energy transition era.
He cited quality and brand trust as the foundation of the group’s competitiveness, noting that Hyundai, Kia and Genesis sell more than 7 million vehicles annually across more than 200 countries, supported by 16 global production facilities.
Nneka Ogwumike is coming home in a strong endorsement of the Sparks’ vow to succeed during the upcoming season.
Ogwumike, a 10-time WNBA All-Star, spent the first 12 seasons of her career with the Sparks after she was drafted No. 1 overall by the franchise in 2012.
But Ogwumike left two seasons ago as the Sparks were struggling to win and signed with a Seattle Storm team with talent capable of pushing for a championship, a female coach and state-of-the-art facilities.
Ogwumike posted a 45-second video on social media Friday morning that indicated her intention to return to the Sparks. Free agents are free to sign with new teams Saturday, when the Sparks are expected to officially announce her return.
“It was always ‘see you later,’ now I’ll see you soon,” Ogwumike wrote in the post.
She did not post any contract terms, and they have yet to be reported.
Chiney Ogwumike, an ESPN analyst, longtime Spark and Nneka’s sister, broke the news on X, posting: “10x WNBA All-Star and 2016 MVP Nneka Ogwumike intends to re-sign with the Los Angeles Sparks.
“She previously played 12 seasons in LA and ‘is looking forward to returning home.’”
The Sparks last made the playoffs in 2020, and while they showed some potential last year, going 21-23 but fizzling out in the second half of the season, adding the 35-year-old veteran bolsters their push to take a big step forward into the playoff mix.
Adding the appeal of some of the talent already on their roster and a new $150-million practice facility scheduled to open next year, the Sparks are positioning themselves for a return to their winning ways.
The Sparks are expected to trade 2024 first-round pick Rickea Jackson to Chicago this weekend for guard Ariel Atkins, according to reports. Atkins, who turns 30 in July, is a two-time All-Star and five-time all-defensive player who had an important role in the Washington Mystics’ 2019 championship.
Sparks players cheer as WNBA President Lisa Borders hands the championship trophy to team owner Magic Johnson in 2016. Nneka Ogwumike was on the team that won the Sparks’ most recent title.
(Hannah Foslien / Getty Images)
That leaves the Sparks with just three other players — Plum, who signed a core contract, Cameron Brink and Sania Feagin — under contract. The Sparks extended qualifying offers to Rae Burrell, Julie Vanloo and Alissa Pili this week, essentially retaining their rights.
But Ogwumike is the kind of player whom the Sparks could build a competitive campaign around, especially playing alongside Brink in a potent frontcourt. With Plum and likely Atkins in the fold, the Sparks could use an upgraded ball-handler, unless they go with Plum at point guard and focus on bringing in another forward.
Forward Azura Stevens announced on social media she is not returning. The Sparks also lost starting point guard Julie Allemand to Toronto in the expansion draft last week.
Forward Dearica Hamby remains unsigned. She started 84 games in the last two seasons and was an All-Star in 2024 but likely is behind Ogwumike and Brink on the Sparks’ depth chart and might push for a bigger role with another team.
The Sparks don’t have a first-round draft pick, so they will need to pursue talent on the robust free-agent market or make another trade to bolster their backcourt. If they elect to go with Plum at point guard, they could start Burrell as a small forward after her strong offseason in the Unrivaled three-on-three league, but they still need more depth.
During the next seven days, the Sparks will have a chance to make moves to support a veteran core of Ogwumike and Plum alongside a rising star in Brink as they push to build a team that can make the playoffs.
Last season in Seattle, Ogwumike averaged 18.3 points, 7.0 rebounds, 2.3 assists and 1.1 steals. Her departure was somewhat expected after Noelle Quinn was fired as coach following the Storm’s first-round playoff exit.
The president of the players association, Ogwumike played an essential role in the historic collective bargaining agreement the league and players agreed to in March, which led to the salary cap being raised to $7 million per team.
Nneka Ogwumike, photographed in downtown Los Angeles in 2019, is returning to the Sparks after two seasons in Seattle.
(Christina House/Los Angeles Times)
On Wednesday, speculation was rampant that Ogwumike might end up in Minnesota after a balloon company shared a video of a balloon sign that read: “Welcome Nneka,” but the forward clarified on Instagram that it was just a greeting welcoming her to a meeting with the Lynx, not an indication she was signing there.
With the majority of the league’s players free agents, teams have an opportunity to reinvent themselves this offseason. It seems likely that Seattle, with Skylar Diggins-Smith and Gabby Williams as free agents, could take a step back.
The forecast for expansion clubs Portland and Toronto, meanwhile, won’t take shape until they finish building their rosters.
The Sparks gave up the most points per game last season, 88.2, a flaw they hope to address with Ogwumike, the expected addition of Atkins and a full season of Brink, who has been limited by injuries to 34 games in her first two seasons after being drafted No. 2 in 2024.
The Sparks promised fans they would complete their rebuild and become title contenders again. Ogwumike’s return suggests she believes in the plan.
Police pushed back protesters in Venezuela’s capital as they demanded an increase to the minimum wage of 130 bolivars ($0.27) per month. Earlier this week, Venezuela’s interim president, Delcy Rodriguez, promised ‘a responsible increase’ in salaries by May 1, but didn’t disclose the amount.
Over the past few years, the financial sector judged cross-border payments on two simple metrics: speed and cost. Financial institutions poured resources into shaving seconds off processing times and compressing intermediary fees. While those factors still matter, they are no longer the ultimate finish line. Today, the industry faces a new defining frontier in global payments: total transparency.
Spurred on by initiatives like the G20 roadmap for enhancing cross-border payments, a rare convergence is occurring. Regulators, banks, fintechs, corporates and consumers are fully aligned—universally demanding radically improved clarity and traceability. The push for total transparency, and the transition to always-on payments, is fundamentally transforming global operations.
The Tangible Benefits of Total Transparency
Transparency in payments operates on two distinct pillars. The first is upfront clarity—knowing the exact fees, FX rates and timelines before a transaction is executed. The second is real-time, end-to-end tracking—giving participants the ability to pinpoint exactly where funds sit in the global network at any given second.
When institutions implement these dual pillars, the benefits cascade across every stakeholder in the financial ecosystem.
Frantz Teissèdre, Head of Public Affairs for Cash Clearing Services | Societe Generale
Corporate Treasurers and CFOs
For corporate treasury teams, transparency fundamentally eliminates the massive reconciliation burdens that have challenged cross-border commerce for years. When intermediary banks deduct unexpected fees from a transferred amount, AR teams waste valuable hours matching short payments against original invoices. Upfront transparency eliminates that headache and time wastage.
Real-time tracking also gives precise visibility into global cash positions. This empowers CFOs and treasurers to sweep funds, capture investment opportunities and deploy capital with absolute precision.
Banks and Regulators
For financial institutions and regulatory bodies, tracking payments acts as a powerful shield. Richer, standardized data allows banks and authorities to monitor systemic risks with unprecedented accuracy. By knowing exactly where money is flowing, institutions build significantly stronger anti-fraud and anti-money laundering capabilities. Transparency effectively eliminates the dark corners where illicit financial activities typically hide.
Consumers and Individuals
While retail drivers differ from corporate needs, the underlying demand remains the same. The modern consumer—particularly gig economy workers and independent merchants—requires fast, predictable payouts with zero hidden fees. For retail clients, transparent transactions remove financial anxiety and build enduring trust in banks and the payments system.
Instant Infrastructure Raises the Bar
New instant-payment infrastructure is actively setting higher expectations for transparency. Armed with standardized messaging formats like ISO 20022, the industry now utilizes a common global language for payment data. This structured data prevents the truncation of critical information, eliminating the false-positive compliance alerts that historically trapped payments in manual review queues.
Initiatives like the One-Leg Out Instant Credit Transfer (OCT Inst) in Europe and Swift’s global digital initiatives, in which Societe Generale participates actively, are expanding domestic instant payment capabilities across borders. By injecting cross-border flows directly into instant payment rails, the industry can solve the notorious “last mile” problem of crediting the final beneficiary.
However, severe challenges remain in fully delivering on these promises. Upgrading legacy batch-processing systems requires massive structural overhauls. Achieving seamless interoperability between fragmented national systems is a highly complex hurdle. While the infrastructure raises the bar, achieving universal, friction-free transparency demands ongoing, rigorous collaboration across the global banking sector.
The 24/7/365 Ripple Effect
The demand for transparency is intimately tied to another major structural shift: the global move toward 24/7/365 payment operations. The concept of standard business hours in banking is rapidly becoming obsolete.
For banks, regulators and consumers, this always-on environment is essential. Consumers expect weekend transactions to clear instantly, while regulators recognize that systemic risks do not pause on holidays. For corporate treasuries, 24/7 operations present both a strategic advantage and a logistical challenge. Immediate visibility into weekend cash flows allows finance teams to manage liquidity proactively, reacting to sudden market shifts or geopolitical events regardless of the day of the week.
This constant motion, however, creates operational hurdles for financial institutions. Liquidity is the oil in the payments system. To process instant payments on a Sunday morning, banks must hold sufficient funds in various currencies. Because central bank real-time gross settlement (RTGS) systems typically operate on standard business schedules, sourcing emergency liquidity when markets are closed remains a significant risk.
Additionally, racing against the clock introduces chronological mismatches. If an instant payment is sent from Paris to Toronto early Monday morning, it is still Sunday night in Canada. Reconciling these value dates across global time zones requires sophisticated new frameworks.
Preparing for the Always-On Future
The trajectory is clear. We are entering an era where payments never sleep and transparency must be guaranteed. Consumers are setting the pace, demanding speedand predictability, and gaining a renewed sense of trust in financial institutions. Corporates that embrace upfront clarity and real-time tracking will unlock transformative benefits: reducing reconciliation headaches, optimizing global liquidity and increasing their defenses against fraud.
The technology is maturing and global regulations are aligning. And soon, global systems and infrastructure will be prepared to support the seamless, transparent global payments that the modern economy demands. The always-on future awaits.
1 of 2 | A long line of visitors waits outside the “Cocoon’s Private Studio” event venue near Ttukseom Station in Seoul on Thursday. Photo by Asia Today
April 3 (Asia Today) — A once-quiet café district near Seoul Forest is rapidly transforming into a retail hotspot, drawing long lines of visitors as fashion platform Musinsa expands its presence in the area.
By late morning Thursday, more than 200 people were lined up along Atelier-gil in Seongdong District, even on a weekday. The crowd gathered for a pop-up event tied to Musinsa’s “Back to Seoul Forest” campaign, where musician Code Kunst drew attention by serving coffee in person.
“Seoul Forest is really popular these days,” one visitor in her 20s said. “I’ve been to Yeonmujang-gil many times, so now I’m coming here instead.”
The campaign invites visitors to explore 24 stores in the area, scanning QR codes to collect stamps. Participants who collect four stamps receive promotional items and can enter prize drawings, encouraging foot traffic throughout the neighborhood.
The initiative is part of Musinsa’s broader “Seoul Forest Project,” launched earlier this year to expand consumer activity beyond the already saturated Yeonmujang-gil in nearby Seongsu. The company aims to connect the two areas into a single retail corridor.
Local businesses say the change is already noticeable. A staff member at a nearby lifestyle store said customer traffic surged so quickly during the event that QR code stations had to be moved outside to manage demand, adding that the area attracts a particularly young customer base compared to other locations.
Until recently, the Seoul Forest area was dominated by cafes and restaurants, with relatively short visitor stays. The district has about 35 beverage shops and 91 dining establishments, and its closure rate last year exceeded the city average.
Musinsa saw this as an opportunity. While Yeonmujang-gil faces high rents and heavy foot traffic, Seoul Forest had lower visitor numbers – about 3,000 people daily, roughly one-quarter of nearby Seongsu’s café street – despite being within a 15- to 20-minute walk.
To reshape the district, Musinsa leased about 20 vacant storefronts last year and subleased them to emerging brands, lowering entry barriers for companies seeking offline expansion.
As a result, designer brands that were previously difficult to find in physical stores are beginning to cluster in the area. Several labels, including General Idea, Lookcast and Have a Whale, have opened locations within the past two months, filling previously empty spaces with new retail content.
Kim Young-min, a director at a women’s fashion brand operating in the area, said high rents in neighborhoods such as Seongsu and Hannam had delayed offline expansion plans. “Musinsa offered space here, which made it easier to open a store,” Kim said.
The layout of Atelier-gil has also contributed to the shift. Unlike the large industrial-style buildings in Seongsu, the area consists mainly of smaller structures, reducing initial investment costs and making it more accessible for emerging designers.
While some vacancies remain, Musinsa plans to attract about 20 brands to the area this year. Upcoming openings include specialty retail concepts focused on hats, footwear, children’s products and beauty.
The company said it aims to strengthen its identity within the broader Seongsu district while redefining Seoul Forest as a destination where visitors can explore, shop and experience a variety of content.
The effort is already reshaping the neighborhood, turning previously quiet streets into a growing hub of fashion and lifestyle activity.
US president has said that he will use tariffs to bring down costly pharmaceutical drugs, but the impact remains uncertain.
Published On 2 Apr 20262 Apr 2026
United States President Donald Trump has signed an executive order that could slap long-threatened tariffs of up to 100 percent on some patented drugs if pharmaceutical companies don’t reach deals with his administration in the coming months.
Under Thursday’s executive order, companies that have signed a “most favoured nation” pricing deal and are actively building facilities in the US will have a zero-percent tariff.
Recommended Stories
list of 3 itemsend of list
For those that don’t have a pricing deal but are building such projects in the US, a 20 percent tariff will apply, but it will increase to 100 percent in four years.
A senior administration official told reporters on a press call that companies still have months to negotiate before the 100 percent tariffs kick in. Bigger companies will have 120 days, and 180 days are offered for everyone else.
The official, speaking on condition of anonymity to preview the executive order before it was issued, did not identify any companies or drugs that were in jeopardy of getting hit with the increased tariffs.
But the source noted the administration had already reached 17 pricing deals with major drugmakers, 13 of which have signed.
In Thursday’s executive order, Trump wrote that he deemed the tariffs necessary “to address the threatened impairment of the national security posed by imports of pharmaceuticals and pharmaceutical ingredients”.
The order arrived on the first anniversary of Trump’s so-called Liberation Day, when the president unveiled sweeping new import taxes on nearly every country in the world, sending the stock market reeling. Those “Liberation Day” tariffs were among the duties the Supreme Court overturned in February.
Critics, pharmaceutical leaders and medical groups warned of the consequences the new tariffs could bring.
Stephen J Ubl, the CEO of the pharmaceutical company trade group PhRMA, said taxes “on cutting-edge medicines will increase costs and could jeopardize billions in US investments”.
He pointed to America’s already large footprint in biopharmaceutical manufacturing and noted medicines sourced from other countries “overwhelmingly come from reliable US allies”.
Trump has launched a barrage of new import taxes on US trading partners since the start of his second term and repeatedly pledged sky-high levies on foreign-made drugs.
But the administration has also used the threat of new levies to strike deals with major companies — like Pfizer, Eli Lilly and Bristol Myers Squibb — over the last year, with promises of lower prices for new drugs.
Beyond company-specific rates, a handful of countries have reached trade frameworks with the US to further cap tariffs on drugs sent to the US.
The European Union, Japan, Korea and Switzerland will see a 15 percent US tariff on patented pharmaceuticals, matching previously agreed rates for most goods.
Meanwhile, the United Kingdom will get 10 percent, which Thursday’s order noted would “then reduce to zero” under future trade agreements.
The UK previously said it secured a zero-percent tariff rate for all British medicines exported to the US for at least three years.
Beirut, Lebanon – It is four weeks into the United States-Israeli war on Iran, and millions of civilians are suffering in Lebanon, now facing a second large-scale Israeli attack on their country in less than two years.
About a quarter of Lebanon’s population has been displaced after Israel’s mass forced evacuation orders from the country’s south and Beirut’s southern suburbs, known as Dahiyeh.
Recommended Stories
list of 3 itemsend of list
Many of the displaced are extremely frustrated and fatigued. And even those who are not displaced are feeling the pressure, with deadly Israeli attacks continuing, petrol prices increasing, business in general slowing down, and little sign that the conflict will end any time soon.
Samiha, a Palestinian teacher who had been living near Tyre, in southern Lebanon, but recently relocated to Beirut, said the experience was “not good at all”. However, with the previous Israeli campaign in Lebanon not long ago, her family came into this round more prepared.
“It’s not the first time for us. Now we know more about where to go.” Still, she maintained, “we don’t know how long this will last and if there is a solution”.
Foreigners most vulnerable
Israel intensified its war on Lebanon again on March 2, after Hezbollah responded to Israeli attacks for the first time in more than a year.
Hezbollah – a close ally of Iran – claimed the attack was retaliation for Iranian Supreme Leader Ayatollah Ali Khamenei’s assassination two days earlier. A ceasefire between Israel and Hezbollah had ostensibly been in effect since November 27, 2024, despite the United Nations counting more than 10,000 Israeli ceasefire violations in that period, and hundreds of Lebanese deaths.
After Hezbollah’s reply, Israel intensified its attacks on the south and declared its intention to occupy southern Lebanon. Israel also issued forced evacuation orders for areas of southern Lebanon, Beirut’s southern suburbs, and a few villages in the eastern Bekaa Valley, leading to a massive displacement crisis of at least 1.2 million people, according to the Lebanese government. Now, Israel has also stated its intent to occupy southern Lebanon and set up a so-called security zone, while destroying more villages along the southern border.
The crisis has hit people who live in Lebanon severely, particularly the country’s most vulnerable people.
“The most vulnerable cases that we’re coming upon are happening, either migrant workers, either Syrians, foreign bodies, basically,” Rena Ayoubi, a volunteer who has organised aid near Beirut’s waterfront, Biel, told Al Jazeera.
She said other people who have suffered deeply in this period include: people with chronic diseases, cancer patients on dialysis, people who cannot access insulin, and displaced people who don’t have access to a fridge to store their medicine.
‘Different in scale and speed’
A series of catastrophes is unfolding, with women, children and those suffering with psychological issues suffering the most, according to a variety of sources, including aid workers, volunteers and UN workers. The humanitarian crisis in 2024 was severe, they said, but 2026 is on a whole different level.
“Now is significantly different in the scale and speed and number of people impacted,” Anandita Philipose, the UN sexual and reproductive health agency (UNFPA)’s representative in Lebanon, told Al Jazeera. “The mass evacuation orders are new. The scale of displacement is new. The fact that civilian infrastructure was targeted is new.”
Many women, in particular, have been displaced not only from their homes but from their healthcare networks, including offices or support systems that will help them through pregnancies.
“Pregnant women do not stop giving birth in the middle of conflict, and women don’t stop having periods in the middle of conflicts,” Philipose said.
Israel’s latest war on Lebanon has so far killed 1,094 people and wounded another 3,119 in Lebanon, according to the country’s Ministry of Public Health. Among the dead are 81 women and 121 children, in just over three weeks.
“Children have yet again been caught up in this escalation, Heidi Diedrich, national director of World Vision in Lebanon, told Al Jazeera. “Children are deeply affected by the violence regardless of their protected status as civilians under international humanitarian law, and regardless of their rights as children. We are deeply concerned that this escalation will continue to impact children in Lebanon for weeks or even months to come.”
Never-ending trauma
At an office building in Beirut, two volunteers sit behind desks waiting for phones to ring. The volunteers are closely monitored by clinical psychologists. On the other end are people calling in for help, many in some of their darkest moments.
This is the office for the National Lifeline in Lebanon (1564) for Emotional Support and Suicide Prevention Hotline, a collaboration between the National Mental Health Programme and Embrace, a nonprofit focused on mental health. 1564 is the phone number that people who require psychological support can dial.
“We’ve been in the worst situation for the past two years,” Jad Chamoun, operations manager at the National Lifeline 1564, told Al Jazeera from the Lifeline centre in Beirut.
“Even when there was a ceasefire, people were still living under the conditions, they were still displaced.”
Even before March 2, about 64,000 people in Lebanon were displaced, according to the International Organization for Migration. According to a March 2025 report from Lebanon’s National Mental Health Programme, three in five people in the country “currently screen positive for depression, anxiety, or PTSD”. And that was before the current intensification.
“The living conditions we’re in is a continuous trauma, because it’s never ending,” Chamoun said. Lebanon went through one of the world’s worst economic crises in 2019, which continues today. In the following years, people in Lebanon experienced the COVID-19 pandemic, the Beirut explosion, mass emigration, and now two Israeli large-scale military campaigns in short succession.
Amid the current violence, the number of calls has increased substantially, Chamoun said, from about 30 a day during 2024’s Israeli attacks to almost 50 a day now. But, he added, that the peak for calls tends to be a few months after the end of a conflict or crisis. Currently, people are in survival mode.
The cascading series of disasters and brutal Israeli aggression has left many in Lebanon near, or well past, their breaking points. Many are falling through the cracks. Volunteers and professionals at efforts like this one are doing what they can to catch as many people as they can.
“We try to sit with them in the darkness, which is what’s heavy around us. We try to share with them this pain,” Chamoun said. “And this is what’s been the heaviest nowadays.”
GENEVA — The public wrangling between Iran, FIFA and U.S. President Donald Trump over the narrative of playing in the World Cup shifted on Tuesday to Mexico where President Claudia Sheinbaum seemed open to a suggestion by Islamic Republic diplomats that Iran’s games in June be moved to her country.
The Iranian ambassador and embassy in Mexico City said the country was negotiating with FIFA to move Iran’s three group-stage matches from the United States to Mexico after Trump last week discouraged the team from attending the 48-nation tournament, citing safety concerns.
It was already unclear whether such talks were even happening before FIFA said such unprecedented changes in World Cup history were not planned to a match schedule agreed three months ago.
Sheinbaum was asked about it Tuesday during her daily briefing.
“They are discussing with FIFA whether it’s feasible because they were going to hold the [games] in the United States,” she said. “They are looking into whether they can hold [them] in Mexico, and we will inform you when the time comes. Mexico has relations with all countries in the world. We’ll see what FIFA decides and then we’ll announce it.”
In a statement, FIFA said it is “in regular contact with all participating member associations, including [the Islamic Republic of] Iran, to discuss planning for the FIFA World Cup 2026. FIFA is looking forward to all participating teams competing as per the match schedule announced on Dec. 6, 2025.”
The Feb. 28 start of U.S. and Israeli bombing of Iran that killed the Islamic Republic’s Supreme Leader Ayatollah Ali Khamenei and senior officials immediately cast doubt on the national soccer team going to play at least three World Cup games in the U.S., which is co-hosting the most watched global sports event with Mexico and Canada.
Iran’s soccer federation has not canceled its World Cup entry with FIFA, though official comments have variously suggested the U.S. is unable or unwilling to ensure the delegation’s secure arrival and accommodation.
Since last week, Trump has variously said “I don’t really care” if the Iran team comes, that it was welcome and would be treated like all players as stars, and that the players’ safety was at risk.
In comments posted late Monday on the embassy website, Iran’s Ambassador to Mexico Abolfazl Pasandideh urged FIFA to move the team’s games to Mexico, saying the U.S. was not cooperative on visas.
“We love the Mexican people very much and for us, the best situation is for our games to be held in Mexico,” he was quoted as saying by state-run news agency IRNA.
An Iranian government spokesman and the team itself have said in recent days it is up to FIFA and the U.S. to keep the team safe during the World Cup. The Iran team’s planned training camp is in Tucson.
Pasandideh’s embassy in Mexico City also posted a statement attributed to national soccer federation president Mehdi Taj saying Iran wants to move its group-stage matches out of the U.S.
“When Trump has explicitly stated that he cannot ensure the security of the Iranian national team, we will certainly not travel to America,” the statement said. “We are currently negotiating with FIFA to hold Iran’s matches in the World Cup in Mexico.”
Iran is scheduled to play New Zealand on June 15 and Belgium on June 21 at SoFi Stadium before finishing group play in Seattle against Egypt on June 26.
Moving the games would be remarkable less than three months before the World Cup and risks being judged a failure in the history of tournament hosting.
It also is not envisaged by Iran’s first opponent.
New Zealand soccer federation chief executive Andrew Pragnell said Monday: “I also don’t foresee it as remotely feasible” to move scheduled games to another country. Tens of thousands of tickets have been sold for Iran games, including to visiting fans who have booked flights to the U.S.
“By trying to move the match schedule, you actually create more problems down the track,” Pragnell told New Zealand media outlet Stuff, adding “I don’t think it’ll happen.”
The Belgian soccer federation declined to comment Tuesday.
Trump said last week that the Iran team was welcome at the World Cup despite the ongoing war in the Middle East but “I really don’t believe it is appropriate that they be there, for their own life and safety.”
Iran’s mixed signals include Sports Minister Ahmad Donyamali telling state TV last week that it was not possible to play “due to the wicked acts they have done against Iran.”
But after Trump’s post the national team said on Instagram that “no one can exclude” it from the tournament and a government spokesman in Tehran stressed it was the responsibility of FIFA and the U.S. as a co-host nation to keep players safe and secure.
“FIFA is the organizer of the World Cup,” Iran Foreign Ministry spokesman Esmail Baghaei said. “When warnings are issued at the highest level about the environment being unsafe for Iranian football players, this indicates that the host country apparently lacks the capacity and ability to provide security for such an important sporting event.”
Soccer is followed passionately in Iran, a nation of more than 90 million people which has qualified for seven men’s World Cups and each of the past four editions. The team is ranked No. 20 in the world by FIFA and behind only Japan from Asia.
FIFA has not commented in recent days beyond an Instagram post by president Gianni Infantino last week that he’d received assurances from Trump that Iran was welcome at the tournament.
Dunbar and Pye write for the Associated Press. Amir-Hussein Rajdy in Cairo and Fabiola Sanchez in Mexico City contributed to this report.
1 of 2 | Deputy Prime Minister Bae Kyung-hoon, sixth from left, and Financial Services Commission Chairman Lee Eun-won pose for a group photo at a public-private meeting on the “K-NVIDIA Project” at the Seoul Press Center on Tuesday. Photo by Asia Today
March 17 (Asia Today) — South Korea’s government has launched a major initiative to foster domestic artificial intelligence semiconductor companies, committing tens of billions of dollars as part of a broader national investment plan.
The Ministry of Science and ICT and the Financial Services Commission held a public-private meeting in Seoul on Tuesday to introduce the so-called “K-NVIDIA Project,” a strategy aimed at building globally competitive AI chipmakers.
Under the plan, the government will allocate 30 trillion won (about $22.5 billion) to artificial intelligence and about 21 trillion won (about $15.8 billion) to semiconductors from a 150 trillion won ($112.5 billion) National Growth Fund to be created over five years.
Officials said the initiative is designed to nurture homegrown AI chip firms capable of competing with global industry leaders, strengthening South Korea’s position in next-generation technologies.
Participants at the meeting included Deputy Prime Minister and Science and ICT Minister Bae Kyung-hoon, Financial Services Commission Chairman Lee Eun-won and Korea Development Bank Chairman Park Sang-jin, along with executives from local AI semiconductor firms.
Industry representatives from companies such as FuriosaAI, DeepX, Mobilint, HyperExcel and Rebellion also attended the session.
The meeting brought together government officials and private-sector leaders to discuss investment strategies, technological development and policy support for the emerging AI semiconductor ecosystem.
WASHINGTON — An advocacy group hoping to expand support for child and elder care is planning to spend $50 million to back Democrats in congressional races, tying the costs of caregiving to the nation’s affordability debate.
The Campaign for a Family Friendly Economy, created a decade ago, aims to make caregiver issues more salient in elections. The announcement comes as the cost of child care continues to rise and as waiting lists for federal child-care subsidies, which support working families in poverty, continue to grow.
Sondra Goldschein, executive director of the campaign and its political action committee, said child care and elder care are important to the affordability conversation, especially as child-care costs exceed what families pay for housing. Then there is the pressure on the “sandwich generation,” composed of middle-aged people who are caring simultaneously for their own children and parents.
“When child care can cost more than your rent or a mortgage, or you have to sacrifice a paycheck in order to be able to take care of a loved one,” that can motivate how people vote, said Goldschein. “Each election cycle, we see candidates recognizing that more and more.”
She hopes the message will resonate as families face a slew of rising costs, including climbing gas prices driven by a war in Iran that is unpopular with many voters.
The campaign plans to pour support for Democrats into Senate races in North Carolina, Georgia, Michigan, Maine and Ohio and into House races in Iowa and Pennsylvania. It is also slated to dispatch volunteers to talk with voters about caregiving.
The National Republican Congressional Committee did not immediately respond to a request for comment.
Republicans have begun to back child care as an issue crucial to growing the workforce, but their proposals tend to be less dramatic than those offered by Democrats. Last year, through President Trump’s One Big Beautiful Bill, Republicans made an estimated 4 million more families eligible for a child-care tax credit. The law also increased child-care aid for military families and tax credits for employers who provide child care to their workers.
Before 2020, many candidates rarely spoke about child care. But the COVID-19 pandemic laid bare the child-care industry’s precarity and necessity. Preschools and child-care centers were pressed to stay open so parents in front-line jobs — such as those in healthcare — could return to work.
Then-President Biden successfully persuaded Congress in 2021 to pass $39 billion in aid for child care, allowing states to offer support to more families and subsidizing wages for child-care workers. Later that year, Biden sought to create nationwide universal pre-kindergarten and to vastly expand child-care subsidies for families so that none would pay more than 7% of their household income for care. But the proposal narrowly failed in Congress. Since then, the pandemic aid has dried up and families are feeling the pinch of rising costs.
Now, several candidates have centered their campaigns around child-care affordability. New York Mayor Zohran Mamdani, a democratic socialist who won election after pledging to make the city more affordable for middle-class residents, ran on universal child care. Democratic Gov. Mikie Sherrill of New Jersey and Gov. Abigail Spanberger of Virginia won elections after pledging to expand child-care subsidies.
Candidates this election cycle are running on universal child-care pledges. They include Democrats Janeese Lewis George, who is running for mayor in Washington, D.C., and Francesca Hong, a gubernatorial candidate in Wisconsin. New York Gov. Kathy Hochul, who is up for reelection this year, has pledged to support Mamdani’s ambitions and eventually to expand universal child care statewide.
Neither the White House nor the Department of Health and Human Services, which oversees federal child-care programs, responded to requests for comment. In his 2024 campaign, during an address to the Economic Club of New York, Trump said increasing foreign tariffs would “take care” of the expense of child care. That plan, thus far, has not materialized.
In Trump’s current term, the administration has largely focused on cracking down on fraud, after a viral video alleged Somali-run child-care centers in Minneapolis were billing the government for children they weren’t caring for.
While there have been prosecutions stemming from child-care subsidy fraud, the Minneapolis video’s central claims were disproven by state inspectors. Nonetheless, the Trump administration attempted to freeze child-care funding for Minnesota and five other Democratic-led states until a court ordered the funding to be released.
A group of California trial lawyers is backing a package of bills aimed at policing their industry by ramping up the penalties for attorneys who recruit clients illegally or prioritize the desires of hedge fund investors.
The Consumer Attorneys of California, a prominent trade group, said it is supporting two bills this session meant to crack down on the “small number of bad actors engaged in illegal conduct that threatens to undermine public trust” in the state’s legal bar.
The group said the bills, introduced Monday by Assemblymembers Ash Kalra (D-San José) and Rick Chavez Zbur (D-Los Angeles), were a response to recent Times investigations involving California lawyers. The Times found nine clients within L.A. County’s $4-billion sex-abuse settlement who said they were paid to sue and, in some cases, fabricate claims that became part of the historic payout. Another story examined opaque investor financing arrangements used by some firms.
“We’re not trying to insulate ourselves from accountability,” said Douglas Saeltzer, president of the attorney group, in an interview. “There needs to be consequences.”
The bill introduced by Zbur would disbar any attorney who is convicted of illegally soliciting clients. Kalra’s bill would ban private equity firms and hedge funds from dictating case strategy after giving money to a law firm.
Plaintiff’s attorneys say the legislative push is an attempt to clean up their profession’s image. It comes amid efforts by companies and governments frequently targeted by lawsuits to rein in a barrage of litigation.
Uber is pushing a measure for the November ballot that would limit how much lawyers can collect in fees for car crash cases, encouraging Californians to “stop the billboard lawyer scam.” A coalition of California counties has simultaneously begun circulating language to lawmakers that would limit attorneys’ ability to sue over older sex-abuse cases, pointing to recent allegations of fraud.
Zbur’s legislation, Assembly Bill 2039, would require the State Bar strip the license of any attorney with a felony conviction for a practice known as capping, in which law firms directly solicit or procure clients to sign up for lawsuits. Currently, attorneys convicted of capping can face suspension or probation, but are eligible to keep their license.
Under the bill, the attorney also would be disbarred for a misdemeanor capping conviction if the lawyer “acted knowingly and for financial gain.”
“It really is making very clear that if you’re engaging in this kind of capping, then there’s going to be a consequence,” Zbur said.
All clients who said they were paid to sue L.A. County over sex abuse were represented by Downtown LA Law Group, one of Southern California’s largest personal injury firms. The firm, also known as DTLA, is under investigation by the district attorney, the State Bar and L.A. County.
DTLA has denied any wrongdoing and said its lawyers “operate with unwavering integrity, prioritizing client welfare.”
Zbur’s bill also would provide whistleblower protections to people who report on attorney misconduct and tighten the rules around client loans. California is one of the few states where lawyers can lend money directly to clients.
Other states have barred the practice, concerned that direct loans give an attorney too much leverage over their clients.
The second bill introduced Monday, AB 2305, is aimed at the rising trend of private equity firms and hedge funds lending money to law firms and profiting from the payouts. The Times reported in December that investors were financing some of the flood of sex-abuse litigation against L.A. County.
Supporters of litigation finance say it gives attorneys the funding they need to take on deep-pocketed corporations and represent victims who can’t afford to sue on their own. Critics say investors can secretly sway case strategy, putting their profit before the best interests of a client.
“These Wall Street investors are salivating,” Kalra said. “This is just gonna clearly say, ‘No, no more. We’re not gonna allow these types of investments to influence the practice of law.’”
Kalra’s bill would bar investors from weighing in on litigation, such as who the firm should take on as a client and when they should settle a case. Any contracts that allow investor influence would be void under the law.
It’s unclear how the restrictions would be enforced. It’s often difficult to tell when an investor is financing a firm’s caseload, much less whether they’re exerting influence on a case.
Lawyers already are barred under the State Bar’s rules from allowing a third party to dictate case strategy and are barred in many cases from sharing legal fees with a nonlawyer.
“We’re finding that’s not enough,” Kalra said. “We actually need clear statutory safeguards.”
Weekly insights and analysis on the latest developments in military technology, strategy, and foreign policy.
Members of the NATO alliance are denying U.S. President Donald Trump’s demand that they send warships to help protect shipping in the Strait of Hormuz after frequent Iranian attacks. As we noted yesterday, the president said that “If there’s no response or if it’s a negative response I think it will be very bad for the future of NATO.”
“This is not our war; we did not start it,” German Defense Minister Boris Pistorius told reporters in Berlin on Monday. “We want diplomatic solutions and a swift end to the conflict, but sending more warships to the region will likely not help achieve that.”
WATCH: German Defence Minister Boris Pistorius:
We did not start this war.
What does the world expect, what does Donald Trump expect from a handful or two handfuls of European frigates to achieve there in the Strait of Hormuz, which the powerful American Navy cannot manage… https://t.co/lO4WR2zly3pic.twitter.com/MWwu3U4xyS
German Foreign Minister Johann Wadephul doesn’t see NATO playing a role in dealing with the blockade of the Strait.
“I don’t see that NATO has made any decision in this direction or could assume responsibility for the Strait of Hormuz,” he said Monday ahead of a meeting of European Union foreign ministers in Brussels. “If that were the case, then the NATO bodies would address it accordingly.”
Wadephul added that despite the volatile situation in the Middle East, Ukraine remained Europe’s top security priority, the BBC noted. When the prices for oil and gas rise, he explained, it contributes to Russia’s war chest.
Germany’s Foreign Minister Wadephul on Iran War:
Will we soon be an active part of this conflict? No.
We will not participate in this conflict.
We want to participate in negotiations, because security for the Strait of Hormuz and the Red Sea will only be achieved through a… pic.twitter.com/J6cJNxXWsO
“Blackmail is not what I wish for,” he stated, adding that NATO is there to react when members are attacked, not for all defensive or military requests, Bloomberg News noted.
“I want to remind that none of us has been directly attacked,” he said. “There are no grounds for now to invoke Article 5,” he added, referencing the alliance’s collective defense clause.
Germany and Luxembourg joined Japan and Australia in rejecting Trump’s call for help in reopening the Strait, at least for now.
“Let me be clear, that won’t be, and it’s never envisioned to be, a NATO mission,” he said, adding that Britain will not be “drawn into the wider war.”
Britain “is working with allies on a collective plan to reopen the Strait of Hormuz and restore freedom of navigation in the Middle East but it will not be easy, ” Starmer posited, according to Reuters.
“Ultimately, we have to reopen the Strait of Hormuz to ensure stability in the (oil) market. That is not a simple task,” Starmer told reporters.
Britain and Germany, after Australia, become the latest allies not jumping to send warships to protect the Strait of Hormuz, as Trump wants. https://t.co/wxDkAnoIa4
Some nations are willing to listen to any plan Trump might present to NATO.
“We have to look into it and consider it,” Lithuanian Foreign Minister Kestutis Budrys told Bloomberg TV in an interview in Brussels. “I would look for an in-depth debate within NATO.”
Polish Foreign Minister Radoslaw Sikorski concurred.
“If there is a request with NATO to discuss the issue, we will of course consider it out of respect and sympathy for our allies,” he said.
EU foreign policy chief Kaja Kallas encouraged member states to consider expanding their Aspides naval mission, originally launched in 2024 while Houthis attacked shipping in the nearby Red Sea.
“If we want to have security in this region, it would be easiest to already use the operation we have in the region and maybe change a bit,” Kallas said.
The closure of the Strait of Hormuz hurts the global economy and helps Russia fund its war.
It is affecting our partners in the region and is dangerous for global energy supplies.
Today, EU Foreign Ministers will discuss how to better protect shipping in the region, including… pic.twitter.com/iJSVdT7FqA
While the Aspides vessels are currently allowed to navigate in the Strait of Hormuz, its mandate doesn’t allow more than that,” Bloomberg News posited, adding that EU countries would have to unanimously agree to change those directives, which could be difficult.
“There is no change to Aspides mission or posture,” Lt Colonel Socrates Ravanos, an Aspides spokesman, told us on Monday. “EUNAVFOR ASPIDES continues to carry out its mandate, ensuring the protection and security of commercial maritime traffic within its area of operations.”
The operation’s “assets in the area of operation monitor the situation closely and remain vigilant,” he continued. “Maritime security developments in the region are continuously assessed in coordination with partners and relevant maritime authorities.”
Concern over Iranian attacks in the Strait date back many decades. Back in 2012, The Washington Institute estimated that clearing the Strait of Hormuz could require up to 16 Avenger-class (mine counter measure) MCM vessels.
The Washington Institute estimated years ago that clearing the Strait of Hormuz could require up to 16 Avenger-class MCM vessels.⁰ The Navy has three MCM-equipped LCS in the region. https://t.co/vFTRppfdwL
As we previously reported, however, the last four of those decommissioned vessels left Bahrain in January aboard a larger heavy lift vessel.
The Navy has three MCM-equipped Littoral Combat Ships in the region, Hunterbrook noted. As we reported yesterday, two Independence class Littoral Combat Ships configured for mine-sweeping duties that were previously deployed to the Middle East showed up in port in Malaysia. Both the USS Tulsa and USS Santa Barbara had arrived in Bahrain in the past year or so to take the place of a group of now-decommissioned Avenger class mine hunters. You can read more about that in our story here.
In Washington, White House press secretary Karoline Leavitt on Monday reiterated that the administration is forming a naval coalition to escort tankers through the Strait of Hormuz.
“The president is speaking with our allies in Europe and also many of our partners in the Gulf and Arab world to encourage them to step up and do more to open the Strait of Hormuz, and our NATO allies especially need to step up,” she told Fox News. “President Trump has been very frank with our friends in NATO for a very long time… now he’s calling on them to do the right thing.”
White House Press Secretary Karoline Leavitt on the administration forming a naval coalition to escort tankers through the Strait of Hormuz: “The president is speaking with our allies in Europe and also many of our partners in the Gulf and Arab world to encourage them to step up… pic.twitter.com/SgxvPSExab
In his latest update on Epic Fury, CENTCOM commander Adm. Brad Cooper on Monday said attacks are “zeroed in on dismantling Iran’s decades old threat to the free flow of commerce through the Strait of Hormuz, through a combination of air, land and maritime capabilities. We have successfully destroyed over 100 Iranian naval vessels, and we aren’t done.”
Iranian attacks on shipping seem to have tapered off.
Between the start of Epic Fury on Feb. 28 and March 12, The United Kingdom Maritime Trade Operations (UKMTO) office received 20 reports of incidents affecting vessels operating in and around the Arabian Gulf, Strait of Hormuz, and Gulf of Oman. There were 16 attacks on ships, and four reports of suspicious activity. There have been no verified reports of attacks since March 12, according to UKMTO.
Amid the debate on how to protect Strait shipping, the first non-Iranian ship has transited the Strait with its AIS transponder on, according to the MarineTraffic open-source tracking site. Several observers have noted how close to the Iranian shore these ships are traveling. This could be due to Iranian mines, even though Trump on Monday repeated the assertion that Epic Fury attacks have destroyed all Iran’s mine-laying ships. Mines can be laid by small boats and Iran has practices doing exactly this in the past. This could also just be a safe deconfliction corridor Iran is using for safe passage.
The U.S. is “fine” with some Iranian, Indian and Chinese ships getting through the Strait of Hormuz for now, Treasury Secretary Scott Bessent told CNBC on Monday.
The closure of the Strait has forced several nations to alter their energy policies. Japan started the largest-ever release of oil from its strategic reserves on Monday, according to the Japan Times. The 80 million-barrel effort comes as the Strait of Hormuz stays effectively closed amid the U.S.-Israeli war with Iran and crude oil prices continue to soar.
“The release — 15 days’ worth of domestic demand from mandatory private reserves and one month from national reserves — was the seventh ever conducted in the nation,” the publication noted.
BREAKING Japan says it is beginning the release of its strategic oil reserves after the International Energy Agency indicated that the release would begin in Asia and Oceania before other regions.
South Korea is also taking action in the wake of the Strait of Hormuz closure. It is lifting a cap on coal-fired power generation (until now set at 80% of capacity) to offset the loss of LNG, explains Bloomberg energies and commodities columnist Javier Blas in a post on X.
South Korea is lifting a cap on coal-fired power generation (until now set at 80% of capacity) to offset the loss of LNG
The flexibility of Asia to performan gas-to-coal switching (and its enormous coal-fired fleet) provides a layer of insulation that Europe didn’t have in 2022
— איתי בלומנטל 🇮🇱 Itay Blumental (@ItayBlumental) March 16, 2026
An Indian-flagged crude tanker had a close call when the UAE’s Fujairah port came under attack on Saturday while it was loading crude at the oil terminal, according to the Times of India. The vessel sailed out safely the next day with everyone onboard unhurt.
JAG LAADKI an Indian flagged Crude Oil Tanker is being escorted out of the Gulf of Oman by the Indian Navy as maritime security in the region remains tense pic.twitter.com/0YdR06QxDJ
Iran has asked India to release three tankers seized in February as part of talks seeking the safe passage of Indian‑flagged or India‑bound vessels out of the Gulf via the Strait of Hormuz, Reuters reported on X, citing three sources with knowledge of the matter.
(Reuters) – Iran has asked India to release three tankers seized in February as part of talks seeking the safe passage of Indian‑flagged or India‑bound vessels out of the Gulf via the Strait of Hormuz, three sources with knowledge of the matter told Reuters.
In a brief chat with PBS News, Trump repeated his stance, since denied by Tehran, that Iran wants to negotiate.
“We’re doing very well,” he told the outlet, reiterating comments about destroying Iran’s military. He added: “They want to make a deal but they’re not ready to make a deal in my opinion.”
Just had a brief phone call with @potus this morning and asked him several questions about Iran. He noted when he answered that it was not a good time to chat because he was in the middle of a “very important meeting” about it – but said the following:
In addition to frequent conversations with Israeli leaders, Trump is also talking regularly to Arab leaders, particularly Mohammed bin Salman, the Saudi crown prince.
“According to several officials, the advice Mr. Trump is getting from the prince is to keep hitting the Iranians hard — essentially repeating the advice that King Abdullah of Saudi Arabia, who died in 2015, repeatedly gave to Washington: “Cut off the head of the snake, according to The New York Times.
Just as the war is poised to escalate this leak could be adding fuel to fire. According to @nytimes “Mr. Trump is talking regularly to Arab leaders, particularly Mohammed bin Salman, the Saudi crown prince. According to several officials, the advice Mr. Trump is getting from the…
Axios reported that “some key officials around Trump were reluctant or wanted more time” before an attack on Iran.
“He ended up saying, ‘I just want to do it,’” the source told the outlet. “He grossly overestimated his ability to topple the regime short of sending in ground troops.”
A source close to the administration said some key officials around Trump were reluctant or wanted more time.
“He ended up saying, ‘I just want to do it,'” the source said. “He grossly overestimated his ability to topple the regime short of sending in ground troops.” https://t.co/lJWB1SyOhM
The America class amphibious assault ship USS Tripoli is continuing to speed toward the Middle East after the Pentagon ordered a Marine Expeditionary Unit (MEU) to bolster forces in the region.
The vessel, along with two Arleigh Burke class guided missile destroyer escorts, was last seen about 420 miles from Manilla, pushing deep into the South China Sea, according to open-source investigator MT Anderson.
“Running an aviation-optimized amphibious assault ship at high speed with a dedicated twin-destroyer escort is a heavily protected, offensive posture,” Anderson assessed. “They are moving with purpose, bringing a major Integrated Air and Missile Defense (IAMD) umbrella with them as they sprint toward the theater.”
HIGH-SPEED TRANSIT: USS Tripoli Flanked by Heavy Escorts
OSINT Update (Mar 15 imagery): Tracking the USS Tripoli (LHA-7) as she continues her rapid push toward the Middle East for Operation Epic Fury. She is not making this run alone.
The Israel Defense Forces (IDF) said Monday it had begun a “targeted ground operation against key targets” in southern Lebanon, pushing more forces deeper into the area as part of an expanded buffer zone, The Times of Israel reported. The move came after Hezbollah began attacking Israel earlier this month amid the US-Israeli war with Iran.
Defense Minister Israel Katz said the operation would continue until Hezbollah no longer poses a threat to the residents of northern Israel, and said displaced Lebanese would not return to their homes until then.
IDF’s 401st Brigade troops of the 91st Division carry out precision raids in southern Lebanon against Hezbollah’s terror infrastructure. pic.twitter.com/eYwjr2jwXG
Hezbollah reportedly used its Almas missiles for the first time in this conflict. You can read more about these weapons in our story here.
#Lebanon: Hezbollah has used its first Almas missile amid ongoing conflict with Israel.
While Hezbollah primarily uses anti-tank missiles such as the Konkurs and Kornet, the Iranian-made Almas (a copy of the Israeli Spike) offers more advanced capabilities.
The IDF also said it attacked an Iranian space-related compound that researcher Fabian Hinz said was used to conduct research on exoatmospheric guidance.
The Iranians were conducting a lot of research and development work on exoatmospheric guidance technologies as part of their missile and SLV programs. Would not be surprised if they were eventually aiming to develop direct-ascent anti-satellite capabilities as well. https://t.co/sugj1KrDPq
China’s Foreign Ministry is calling for an immediate halt to military operations in the Middle East, warning that further regional escalation could hit the global economy, Al Jazeera reported on X.
BREAKING: China’s Foreign Ministry is calling for an immediate halt to military operations in the Middle East, warning that further regional escalation could hit the global economy. pic.twitter.com/rWyDn2DxgV
Online flight trackers say a Qatari Air Force C-17A strategic military transport plane flew to Rzeszów, Poland, earlier last week, following a similar flight the week before.
The nature of these flights is unclear. However, with Rzeszów serving as the primary hub for military aid being transshipped to Ukraine, it is possible the flights may have been delivering air defense interceptors originally intended for Ukraine or transporting Ukrainian counter drone specialists. We just don’t know.
A Qatar Air Force C-17A strategic military transport plane flew to Rzeszów, Poland, earlier last week.
A UAE Air Force C-17A also carried out a similar flight to the same destination last week.
Rzeszów is the primary hub for military aid being transshipped to Ukraine, so the… pic.twitter.com/o5JjxEulpc
The flow of videos out of Iran, already greatly reduced because of the regime’s internet blockage, has slowed even further.
“There’s been a notable drop in the number of videos coming out of Iran in the last 24 hours. I’ve now heard from multiple sources inside Iran that the government has further tightened its imposed internet blackout by closing loopholes and targeting those with Starlink access,” BBC journalist Shayan Sardarizadeh noted on X.
There’s been a notable drop in the number of videos coming out of Iran in the last 24 hours.
I’ve now heard from multiple sources inside Iran that the government has further tightened its imposed internet blackout by closing loopholes and targeting those with Starlink access. https://t.co/KOCGBS5fXr
Still, some videos are making it out, like this one purporting to show Iranian Basij paramilitary forces hiding in a school.
Basij forces and government security agents had gathered inside a school, a citizen who sent a video to Iran International said. pic.twitter.com/RkEjEtMCMK
— Iran International English (@IranIntl_En) March 16, 2026
UPDATES:
We have concluded our rolling coverage for the day.
UPDATE: 5:48 PM EST –
Iranian Foreign Minister Araghchi pushed back on claims that he has established backchannel communications with U.S. envoy Steve Witkoff.
My last contact with Mr. Witkoff was prior to his employer’s decision to kill diplomacy with another illegal military attack on Iran.
Any claim to the contrary appears geared solely to mislead oil traders and the public.
With speculation rife that is he is badly wounded or perhaps even dead, new Iranian Supreme Leader Mojtaba Khamenei will reportedly give a television speech in the coming days. Khamenie, who Iranian officials have admitted was wounded in an airstrike, has not been seen in public since.
An Iranian Foreign Ministry Advisor tells Lebanese Al-Jadeed that the new Supreme Leader, Mojtaba Khamenei, will deliver a televised speech “in the coming days.”
The advisor stated that Khamenei is in direct contact with military and political leaders, “and the reason for his…
— Ariel Oseran أريئل أوسيران (@ariel_oseran) March 16, 2026
Speaking to reporters at The White House, Trump extolled the virtues of the B-2A Spirit stealth bomber.
“Let me hug that little sucker,” he said while asking an aide to hand him a model of the aircraft the president keeps in the Oval Office.
UPDATE: 5:24 PM EST –
MacDill Air Force Base in Tampa, Florida, home of the command running the war in Iran, is reopening its main gate after a bomb scare earlier today, a spokesman for the 6th Air Refueling Wing, the base host unit, confirmed to The War Zone.
“The incident has been terminated and we are ready to open the main gate and visitor center,” the spokesman told us. The base, however, was not on lockdown.
MacDill is home to CENTCOM, U.S. Special Operations Command as well as the 6th Air Refueling Wing (6th ARW) and the 927th Air Refueling Wing and dozens of other mission partners. Last week, three airmen assigned to the 6th ARW were among six killed in a crash of a KC-135 aerial refueling tanker.
Today’s situation unfolded this afternoon when a suspicious package was found at the Visitors Center near the Dale Mabry entrance gate, according to the FBI. The bureau sent its Special Agent Bomb Techs to the scene, who worked it along with Tampa Police, the FBI said in a post on X.
The main gate at MacDill Air Force Base in Tampa, Florida, was reopened Monday afternoon after a bomb scare. U.S. Air Force photo by Senior Airman Vernon L. Fowler Jr MacDill Air Force Base in Tampa is home to both U.S. Central Command and U.S. Special Operations Command. U.S. Air Force photo by Senior Airman Vernon L. Fowler Jr.
UPDATE: 4:23 PM EST –
Talking to reporters on Monday, Trump seemed surprised that Iran would actually attack its neighbors if it came under fire.
The president was responding to a question about whether he was briefed about possible Iranian strikes on nations like the UAE, Saudi Arabia, and Qatar.
Trump on Iran:
I heard they were sending missiles to the UAE. I said, “That’s strange, you know? The UAE is like the banker for Iran.” They’re sort of the banker. Qatar, their neighbors — they got along okay.
A direct communications channel between U.S. envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi has been reactivated in recent days, Axios reported, citing a U.S. official and a source with knowledge.
🇮🇷📲🇺🇸A direct communications channel between Iranian Foreign Minister Abbas Araghchi & U.S. envoy Steve Witkoff has been reactivated in recent days, according to a U.S. official & a source with knowledge. Read the story by @MarcACaputo & me on @Axioshttps://t.co/izoFpwZV5m
Araghchi lashed out at comments made by U.S. War Secretary Pete Hegseth that America would show “no quarter” in Epic Fury.
“When the U.S. Secretary of War declares ‘no quarter.’ he doesn’t project strength,” Araghchi stated on X. “He conveys moral bankruptcy and ignorance about law of armed conflict. We advise him to review the Hague Convention and Rome Statute of the ICC, unless he aspires to join Netanyahu as war criminal.”
When the U.S. Secretary of War declares “no quarter”, he doesn’t project strength. He conveys moral bankruptcy and ignorance about law of armed conflict. We advise him to review the Hague Convention and Rome Statute of the ICC, unless he aspires to join Netanyahu as war criminal.
The IDF Chief of the General Staff approved plans to continue operations in the Northern Command.
“The impact of the strike and the weakening of the radical regime in Iran is also felt in the campaign against Hezbollah,” said Lt. Gen. Eyal Zamir. “To date, the Northern Command has eliminated more than 400 Hezbollah terrorists.”
הרמטכ״ל באישור תוכניות להמשך בפיקוד הצפון: ״ההדף של הפגיעה והחלשת המשטר הרדיקאלי באיראן מורגש גם במערכה מול חיזבאללה; עד כה פיקוד צפון חיסל למעלה מ-400 מחבלי חיזבאללה״
״אנו נערכים להמשך ומתגברים את פיקוד הצפון בכוחות נוספים על מנת להרחיב את הפעולה הצבאית, להעמיק את הפגיעה… pic.twitter.com/HrBMLk9LFf
CENTCOM spokesman Capt. Tim Hawkins confirmed to The War Zone that more than 200 troops have been wounded or injured across seven countries since the start of Epic Fury. The injuries took place in Bahrain, Iraq, Israel, Jordan, Kuwait, Saudi Arabia and the UAE.
“The vast majority of these injuries have been minor, and more than 180 troops have already returned to duty,” he explained, adding that 10 troops were seriously injured.
In addition to the wounded, seven U.S. troops have been killed in Iranian attacks, the most serious being March 1 when six Army soldiers were killed in an Iranian drone attack on Kuwait. Another six Air Force airmen died when their KC-135 refueling plane crashed in Iraq, reportedly after colliding with another KC-135.
CENTCOM released its latest Epic Fury update, saying it struck more than 7,000 targets, flew more than 6,500 combat sorties and damaged or destroyed more than 100 Iranian ships.
CENTCOM
Baghdad continues to be hit.
In what looks like a scene from a video game, a counter rocket, artillery, and mortar C-RAM system is seen engaging with a drone over Baghdad.
C-Ram successful interception of a drone/rocket launched by Iranian-backed militias in Baghdad this evening. The Target was the U.S embassy. pic.twitter.com/EuHGx705gR
Footage of a reported coalition interception of an Iranian drone can be seen in the following video.
Not all the interceptions apparently worked. A drone reportedly slammed into the Royal Tulip al-Rasheed hotel in the Iraqi capital.
The Spanish Ministry of Defense confirmed on Sunday that it temporarily transferred its special forces from Iraq due to worsening safety and failure to conduct missions securely.“The Special Operations Task Group was relocated to safe areas because the security situation prevented it from continuing training operations with Iraqi forces,” according to the ministry.
GPS interference in and around the Strait of Hormuz has continued to rise since the crisis began, suggesting a persistent and geographically dispersed campaign of electronic disruption, according to Kpler.
Hormuz GPS disruption continues
GPS interference in and around the Strait of Hormuz has continued to rise since the crisis began, suggesting a persistent and geographically dispersed campaign of electronic disruption. This interference is triggering false AIS positioning,… pic.twitter.com/VXiaxHwFat
Wild video was posted on X of an Israeli interception of an Iranian ballistic missile. No injuries were reported, according to Times of Israel military correspondent Emanuel “Mannie” Fabian.
No injuries are reported in Iran’s latest ballistic missile salvo on Israel, the sixth since midnight, and the first in some six hours.
A small number of missiles were launched, which were likely intercepted, according to initial military assessments.
— Emanuel (Mannie) Fabian (@manniefabian) March 16, 2026
UPDATE: 2:42 PM EST –
The war with Iran is expected to last at least another month, according to Israel media, citing a senior Israeli official.
“Israel is reportedly preparing for an extended phase of fighting as it seeks to further weaken the Iranian regime and capitalize on what it views as signs of internal instability within the country’s leadership,” The Times of Israel reported. “According to the source, U.S. President Donald Trump supports Israel in continuing the campaign.”
We reached out to the White House for comment.
❗️ Senior Israeli source: Iran war will continue for longer than expected; we’re preparing to fight for another month at least; Trump is on board.
NATO responded to our query about debate over sending warships to the Strait of Hormuz.
“Allies have already stepped up to provide additional security in the Mediterranean,” a NATO official told us. “We are aware that individual Allies are talking with the US and others on what more they might do, including in the context of security in the Strait of Hormuz.”
In the first 96 hours of Epic Fury, the US-led coalition “expended approximately 5,197 munitions across 35 types,” according to a new report from the Foreign Policy Research Institute (FPRI).
“This carries a munitions-only replacement bill of $10–$16 billion in four days,” FPRI posited. “This represents a significant industrial burden for replacing some munitions that cannot be replenished in 4 days, 4 weeks, or even 4 months. Worse, those estimates do not include combat losses of warfighting assets or damage to bases and the high-end air defense enabling architecture.”
We have an important new analysis of munitions used in the first 96 hours of the war with Iran out at the @FPRI (Foreign Policy Research Institute).
In the first 96 hours, the US-led coalition expended approximately 5,197 munitions across 35 types. This carries a munitions-only…
Video has emerged showing intense flames at Dubai International Airport’s fuel storage area after an Iranian attack.
CENTCOM posted additional video of its attacks on Iranian targets.
Thousands of Iranian military targets have been struck by U.S. forces to neutralize threats posed by the Iranian regime now and into the future. pic.twitter.com/dE4VNxjjW1
MT Anderson provided an update on the location of the Tripoli. The ship was spotted on AIS North of the Riau Archipelago, transiting the southern South China Sea at 18 knots.
The Iraqi armed faction Kataib Hezbollah announced the death of its spokesperson, known as Abu Ali al-Askari. He was reportedly killed in a U.S. airstrike after a wave of attacks against U.S. facilities in Iraq.
بسم الله الرحمن الرحيم بكل فخر ورضا بقضاء الله وقدره، نزف لكم نبأ استشهاد الحاج أبو علي العسكري إلى جنات الخلد. ذلك الصوت الشجاع الذي لم يخرس أمام الظلم، واللسان الصادق الذي زرع في نفوس المجاهدين معاني الإباء والصمود. لقد كان الشهيد شريان التواصل بين ميادين التضحية ومنصات…
— صابرين نيوز – Sabereen news (@sabreenS11) March 16, 2026
Six people were injured in a Hezbollah rocket attack in Nahariya, according to medics. The town is located about eight miles south of the Lebanese border.
Six people are injured in a Hezbollah rocket strike on a home in Nahariya, medics say.
Magen David Adom says it treated two adults and four minors with signs of smoke inhalation. They are all listed in good condition.
— Emanuel (Mannie) Fabian (@manniefabian) March 16, 2026
Turkey’s Foreign Affairs Ministry (MFA) condemned the latest Israeli incursion into Lebanon.
“The Netanyahu government’s collective punishment and genocidal policies in Lebanon will lead to a new humanitarian catastrophe in the region,” the MFA said in a statement on Monday. “We reaffirm our solidarity with Lebanon amid these attacks, which violate its sovereignty and territorial integrity.”
UPDATE: 1:50 PM EST –
Speaking at a board meeting of the Trump Kennedy Center, the president claimed he predicted that Iran would attack shipping in the Strait.
NOW – Trump says he predicted Iran would weaponize the Strait of Hormuz, adding, “I predicted all of it. I predicted Osama bin Laden would knock out the World Trade Center. I made that prediction a year before he did it.” pic.twitter.com/6VqkvzamW0
The president added that he does not know Iran mined the Strait.
He also said the U.S. has hit 7,000 targets since launching Epic Fury.
Trump on Iran:
Since the beginning of the conflict, we struck more than 7,000 targets across Iran; these have been mostly military and commercial targets. pic.twitter.com/ppiyztSRDj
France has reportedly boosted its deployment of Rafale fighters to Jordan and UAE to 24, more than double the usual 10, according to French defense observer Tom Antonov. The jets have already intercepted dozens of Iranian drones, he added in a post on X.
The MQ-9 Reaper drones have played a big role in the war, and have been heavily targeted by Iran. To date, the U.S. has lost about a dozen Reapers, including one accidentally shot down by an ally, according to The Wall Street Journal.
NATO is considering boosting its ballistic missile defense capacity in Turkey against threats from neighboring Iran, Bloomberg News reported, citing people familiar with the matter
“The military alliance already deployed a battery in eastern Turkey to protect an early-warning radar used to track missiles across the Middle East,” the outlet stated. “It’s now considering sending another Patriot missile-defense system to bolster an airbase where American troops are stationed.”
NATO is looking into reinforcing further its ballistic missile defense capacity in Turkey against threats from neighboring Iran, according to people familiar with the matter. https://t.co/eQzealf1qp
Vancouver, Canada – Prime Minister Mark Carney’s efforts to unite Canadians around protecting the nation’s economy from the US are hitting roadblocks as he nears one year in power.
Indigenous peoples across Canada are increasingly divided over Carney’s aggressive push to expand resource extraction and projects on their ancestral lands.
Recommended Stories
list of 4 itemsend of list
Some experts question how his government can advance its agenda while respecting Indigenous rights enshrined in the country’s constitution.
March 14 will mark one year since Carney, former head of Canada’s central bank, was sworn into office.
After an election last year, his centrist Liberal party formed a minority government with the highest share of the popular vote in 40 years.
A key to Carney’s victory was his pledge to “stand strong” against US trade threats and grow Canada’s economic sovereignty, an assertive approach the prime minister has called “elbows up”.
“In the face of global trade shifts … we will build big and build fast to create a stronger, more sustainable, more independent economy,” Carney said in a statement on March 6.
Part of that push was to create a Major Projects Office to speed up approvals of economic developments, starting by fast-tracking 10 mega-projects.
They include two massive liquefied natural gas (LNG) plants and an open-pit mine in British Columbia, a nuclear plant in Ontario, a Quebec shipping terminal, and wind power in Atlantic Canada.
Those developments are worth 116 billion Canadian dollars ($85bn), the government estimates.
‘Our rights get pushed to the side’
Carney’s approach to the US trade war has gained support from Canadians, according to recent opinion surveys.
A March 3 poll of 1,500 citizens by Abacus Data found that 50 percent say Carney is protecting Canada’s core interests when dealing with Trump — compared with 36 percent with negative views.
“Whenever Canada is threatened, the protectionist nature of the state kind of re-emerges,” said Shady Hafez, assistant politics professor at Toronto Metropolitan University.
“Self-preservation of Canada becomes the priority.”
Hafez, a research associate with the Yellowhead Institute, is a member of the Kitigan Zibi Anishinabeg First Nation in Quebec.
He said there are growing concerns in his community and others about Carney’s push to accelerate mega-projects across the country.
“For that to happen, Canada needs land, and it needs resources,” Hafez said, “and it takes those lands and resources from us.”
Blowback was swift after Carney pledged to build a highly controversial oil pipeline to the west coast in a late November deal signed with Alberta, Canada’s oil powerhouse.
Carney’s culture minister swiftly resigned, decrying “no consultation” with Indigenous nations and “major environmental impacts”.
And the Assembly of First Nations (AFN), which represents more than 600 Indigenous chiefs, unanimously passed an emergency resolution opposing a new pipeline.
“First Nations people, we stand with Canada against Trump’s illegal tariffs, but not at the expense of our rights,” AFN National Chief Cindy Woodhouse Nepinak told Al Jazeera in an interview. “If you want to fast-track anything, you better make sure that First Nations are being included right off the bat.
“Trying to sideswipe or push aside First Nations people when there’s agreements between provinces and the feds — they have to remember that First Nations are here … and they are to be respected in their own homelands.”
The rights of Indigenous people in the country are enshrined in Canada’s constitution.
But too often, Hafez said, in the name of national prosperity, “Indigenous communities have to suffer.”
“Whenever there’s somewhat of an emergency, our rights get pushed to the side.”
But the resistance to the major projects push isn’t universal.
The First Nations Natural Gas Alliance praised Carney’s “much more aggressive” approach compared with his predecessor on developing energy resources.
But the group’s CEO, Karen Ogen, acknowledged there’s a “highly charged environment” on such issues.
“First Nations communities continue to face significant socioeconomic barriers”, stated the former chief of Wet’suwet’en First Nation. “LNG and natural gas development are not just an opportunity; they are a national imperative.
“Billions of dollars in procurement benefits and revenues are flowing to First Nations.”
Call for collaboration ‘on all major projects’
The trade war with the US has galvanised and united many Canadians — but with little acknowledgement of the impacts on Indigenous communities, said Sheryl Lightfoot, political science professor at the University of Toronto.
Lightfoot is vice-chair of the UN Expert Mechanism on the Rights of Indigenous Peoples.
“These projects, by many accounts, are advancing without full consultation or transparency”, she told Al Jazeera.
“It appears that economic or geopolitical pressures … are being used to justify bypassing Indigenous rights and environmental safeguards.”
But Canada’s Major Projects Office insists it will “seek input, hear concerns and ideas, and work in partnership moving forward” with Indigenous communities — and “will not be skipping over vital project steps including consultations with Indigenous Peoples,” an agency spokesperson wrote in an emailed statement.
“We are unlocking Canada’s economic potential, while respecting our environmental responsibilities and the rights of Indigenous Peoples,”
A significant number of projects on Carney’s fast-track list are concentrated in British Columbia (BC).
Those include two liquefied natural gas (LNG) terminals on the Pacific coast — LNG Canada and Ksi Lisims LNG — as well as the electric transmission line to power the sector, and a copper and gold mine.
BC is unique in the country because, historically, very little of its land was subject to treaties between the Crown and First Nations. Canada’s top court has repeatedly ruled in favour of First Nations rights and title in the westernmost province.
All four major projects in the province have proven divisive among the region’s Indigenous peoples — even though several have the backing of individual First Nations governments.
One of those is the massive Ksi Lisims LNG plant, in which the Nisga’a Nation is a direct partner.
Co-developed with Texas-based Western LNG, the mega-project will “benefit all Canadians,” said Nisga’a President Eva Clayton.
In 2000, her nation became the first in BC to reach a modern self-government treaty.
“We are co-developing the Ksi Lisims LNG project on land that our nation owns under our treaty,” she told a parliamentary committee on February 24.
“This project is expected to bring in 30 billion [Canadian] dollars [$22bn] in investment, create thousands of skilled careers, and strengthen Canada’s leadership in low-emission LNG.”
‘Elbows up’ meets opposition
But LNG is fiercely opposed by other nearby First Nations.
Tara Marsden is Wilp sustainability director for the Gitanyow Hereditary Chiefs, traditional leaders of the 900-member Gitanyow community.
“We have a lot more concerns and evidence regarding impacts in our territory,” she said.
“The federal government has done zero consultation on their fast-track list and the projects that actually affect our territory.”
Gitanyow oppose the BC projects on the fast-track list as harming their interests.
She said Ottawa cannot ignore First Nations opposition, even if there is support from others like the Nisga’a.
“They have a right to develop in their own territories”, said Marsden. “But if you have maybe 20 to 30 First Nations whose territory would be crossed — and you get maybe three on board — that’s not a resounding consensus.
“They’re just trying to use this small handful of nations to steamroll over everybody else.”
If Canada truly wants to strengthen its sovereignty and economy, she said, it must do so alongside Indigenous people.
“This is something that First Nations across the country have been saying since Carney took the ‘elbows up’ approach,” Marsden said.
“The government has really just ignored that … and actually now back-stopping these mega-projects with taxpayer dollars.”
Free, prior and informed consent
McGill University economics lecturer Julian Karaguesian served for decades in the Department of Finance and Canada’s Embassy in Washington, DC.
He agreed that most Canadians support Carney’s attempt to boost the economy with “nation-building” projects.
“I think they’re a fantastic idea”, he told Al Jazeera. “But we’ve committed to consultations with First Nations, Metis and Inuit people.
“Once we’ve started compromising on economic and social justice … we can create bitterness. First Nations leaders understand the situation we’re in, and I think [Ottawa] can work with them.”
Even on projects endorsed by some First Nations, the international legal principle of “free, prior and informed consent” must still apply to other communities impacted, said Lightfoot.
That’s “not simply a procedural requirement” to rubber-stamp projects, she said.
“It is a substantive right, anchored in Indigenous peoples’ self-determination and their ability to make decisions about matters that affect their lands, communities, and futures.”
And that could risk slowing down Carney’s hopes to speed through projects if there is no Indigenous consensus — potentially tying more divisive ones up in the courts.
“Failure to include Indigenous knowledge and decision-making early in the process,” Lightfoot said, “can undermine the legitimacy and fairness of project approvals.”
Carney’s ratings among First Nations are “mixed,” says AFN’s national chief. One positive, she noted, is his openness to meeting Indigenous leaders raising concerns.
But with many of the prime minister’s economic hopes dependent on building “national interest” infrastructure on First Nations homelands, Woodhouse Nepinak said the relationship needs care.
“Carney is at a crossroads in his personal relationship with First Nations,” she said.
“And we understand First Nations rights are under threat in new ways by this government.”
Wood has been plagued by injuries during his career – including multiple knee and elbow operations – which have robbed England for periods of one of their finest strike bowlers.
He spent seven months rehabilitating his knee in order to be fit for the Ashes and lamented not being able to play some games for his county before heading to Australia for the series.
“I tried to get back at certain points but my knee wasn’t quite ready,” he said.
“It’s easy in hindsight, even if I was at 80% then at least the game would have given us an indicator of where I was.”
He was thought to have been close to a return in the home summer, but ultimately did not take the field until England’s only Ashes warm-up game against the Lions at Lilac Hill in November.
He bowled eight overs but was only cleared to play in the first Test following a hamstring scan.
For now, although focused on his recovery, Wood said he has been thinking about life after cricket: “I’ve started thinking about other things, doing podcasts, doing my coaching badges.
“I’ve now started to try and think for the first time about what I should do if this doesn’t go well.”
Wood – regarded as one of the fastest bowlers to play for England – has taken 119 wickets in 38 Tests since making his debut in 2015.
He was part of the 2015 Ashes-winning side, lifted the 2019 50-over World Cup and won the T20 World Cup in 2022.