security

Venezuela and Colombia Advance Bilateral Agenda on Trade, Energy, and Security

Acting President Delcy Rodríguez announced progress on the new bilateral agenda. (Prensa Presidencial)

Mérida, March 16, 2026 (venezuelanalysis.com) – Venezuelan and Colombian high-level delegations met at the Miraflores Palace in Caracas on Friday, March 13, to advance a strategic roadmap for binational integration. 

The summit, which focused on bilateral trade, energy, and security, culminated in the announcement of Venezuela’s first-ever export of liquefied petroleum gas (LPG) to its western neighbor.

Acting President Delcy Rodríguez led the Venezuelan delegation in the talks, overseeing a satellite broadcast of the first trucks from state oil company PDVSA carrying butane gas across the Simón Bolívar International Bridge from Táchira to Norte de Santander.

“This is the first step… the first LPG export from Venezuela to Colombia,” Rodríguez stated to reporters, characterizing the shipment as a symbol of the “Bolivarian spirit” of integration.

Beyond the immediate truck shipments, officials announced plans to revitalize the Antonio Ricaurte transnational gas pipeline. The project aims to facilitate the direct export of Venezuelan natural gas to Colombian markets, a move described by both governments as essential for regional energy security. 

However, Colombian President Gustavo Petro noted via social media that full interconnection remains contingent on the lifting of US sanctions given the need for infrastructure repair works. For her part, Rodríguez reiterated calls for the Trump administration to remove unilateral coercive measures against the Caribbean nation.

“Unilateral coercive measures against the Venezuelan people affect the peoples of Latin America,” she said.

The 225-kilometer Ricaurte pipeline was completed in 2007 and was initially used for Colombian gas shipments to Venezuela. Plans to reverse the flow beginning in 2016 were hampered by US sanctions.

The Caracas summit also saw delegations review the recovery of commercial ties since the reopening of the border in 2022. According to figures shared during the meeting, binational trade has grown from US $220 million in 2020 to over $1.135 billion at the close of 2024.

To sustain this momentum, officials announced that the Administrative Commission of the Trade Agreement will be formally installed on March 18. The agency’s agenda will focus on achieving “zero tariffs” for specific goods and promoting binational tourism. 

The Colombian delegation also emphasized the importance of the Monómeros petrochemical company, noting that its operation at full capacity is vital for Colombia’s food security. The agrochemical producer was placed under the control of the US-backed Venezuelan opposition by former Colombian President Iván Duque. The company was plagued by corruption scandals before being returned to the Venezuelan government’s control in 2022.

Monómeros, a major supplier of fertilizer for Colombian potato, coffee and palm oil producers, remains restricted by US sanctions, with Venezuelan plans to sell the company to the Colombian state contingent on US Treasury approval.

The two countries’ delegations likewise addressed joint security concerns during the Friday talks, activating an immediate coordination mechanism for sharing military and police intelligence. 

The stated objective is to dismantle drug trafficking networks and counter irregular armed groups operating along the 2,200-kilometer border region. Petro described the goal as a the creation of a “Binational Zone of Peace,” emphasizing the importance of integrated military efforts to protect the territory.

The Caracas summit took place following the suspension of a planned meeting between Rodríguez and Petro at the Atanasio Girardot Bridge on Friday due to “force majeure.” Colombian outlets reported security concerns but offered no specifics.

Despite the setback, the Venezuelan government reaffirmed that the presidential invitation remains open and that the working groups at Miraflores had secured the “roadmap” for the coming months. 

Colombian Foreign Minister Rosa Villavicencio, who led the Petro government’s delegation, praised the Caracas summit as a “great success” and vowed that “no one can split the Colombian and Venezuelan peoples” due to their shared history.

In the wake of the meeting with Colombian counterparts, Rodríguez announced the appointment of Admiral Orlando Maniglia as the new Venezuelan Ambassador to Colombia. Maniglia, who previously served as Minister of Defense and Ambassador to Germany, will replace Carlos Eduardo Martínez.

The two countries’ integration agenda will continue with the meeting of a bilateral commission on April 23 and 24 in Maracaibo, Zulia state. The upcoming summit will focus on migration, citizen rights, and the facilitation of free circulation across the border.

Edited by Ricardo Vaz in Caracas.

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Trump’s mass deportation agenda is at a crossroads with the Homeland Security shake-up

The Department of Homeland Security will soon be under new management, an opportunity to reset President Trump’s immigration agenda or to double down on his signature campaign promise to conduct the largest deportation operation in American history.

The White House’s political director recently encouraged party lawmakers during a retreat at the Republican president’s golf club in Florida to focus on immigration enforcement against criminals, a pivot from the mass deportation agenda he ran on. House Speaker Mike Johnson said the aggressive operations have created a “hiccup” for the party, which is now embarking on a “course correction.”

Yet all indications are that Trump’s mass deportation operation is not stalling but intensifying, with billions of dollars being spent to hire Immigration and Customs Enforcement officers, build warehouse detention sites and meet the administration’s goal of rounding up and removing some 1 million immigrants from the U.S. this year.

“We are at an interesting moment where it has been an inflection point — the public has finally seen what mass detention and mass deportation mean,” said Sarah Mehta, who tracks the issue at the American Civil Liberties Union.

“This is not an agency that’s slowing down,” she said. “They’re really going forward with some of the cruelest policies.”

White House spokeswoman Abigail Jackson said the president’s policies have sent immigrants out of the U.S., either through forced deportations or on their own, and sealed up the U.S.-Mexico border.

“Nobody is changing the administration’s immigration enforcement agenda,” she said.

Senators ready to grill Trump’s DHS nominee over deportations

The questions put Homeland Security at a crossroads. Secretary Kristi Noem is on her way out, and Trump’s nominee to replace her, Sen. Markwayne Mullin of Oklahoma, appears this week for Senate confirmation hearings.

After the intense deportation sweeps in Minneapolis and other cities — and the deaths of at least three U.S. citizens at the hands of officers — Democratic lawmakers are refusing to provide routine funding unless the department changes its policies.

At the same time, those who believe Trump won the White House with his mass deportation agenda are disappointed the administration did not achieve its goals last year and insist he must do better.

“There has been a lot of talk in Congress and now in the White House about kind of backing away from President Trump’s, candidate Trump’s, mass deportation promise,” said Rosemary Jenks, co-founder of the Immigration Accountability Project, which argues for deportations.

“We believe that now is an opportunity,” she said. “We’ve got to get the deportation numbers up.”

A nation of immigrants no longer?

The debate is playing out as the United States, celebrating its 250th year, squares its founding as a nation of immigrants with images of masked federal agents breaking car windows and detaining people suspected of being in the U.S. without proper legal standing.

The Congress, controlled by Republicans, provided some $170 billion in last year’s tax cuts bill to fuel the effort, more than tripling the budget of ICE.

GOP Sen. Eric Schmitt of Missouri, in a fiery speech, fought back against the Democrats’ proposed restraints. “This question about deporting illegal immigrants was on the ballot. President Trump was not bashful,” he said. “And the American people supported the idea that we are going to deport people.”

Yet there are signs of cracks in the Trump coalition. Some Republicans prefer what one called a more humane approach and are sharing their views with Mullin.

Sen. Ron Johnson (R-Wis.), considered a stalwart against illegal immigration, said in his state it’s immigrants who milk most of the dairy cows, and he’s heard from restaurant groups that rely on immigrants to fill jobs.

“Can we just turn back the clock and have … all these people who came in here illegally, just be back home?” he asked.

“In terms of actually implementing that, it’s a lot tougher — particularly, in fact, when you realize a lot of these people, most of them, came here to seek opportunity, wanting freedom,” he said. “They’re working, supporting their family, contributing to organizations and community.”

Mass deportation group wants more

The Mass Deportation Coalition, a group of conservative organizations including the Heritage Foundation and Erik Prince, founder of the security firm Blackwater, was formed recently to keep the administration on track.

It calls last year’s focus on removing violent criminal immigrants “phase one” and says “phase two” should focus this year on deporting immigrants beyond those with violent criminal histories.

Mark Morgan, who served as acting head of ICE and Customs and Border Protection during Trump’s first term and is part of the coalition, said that doesn’t mean roving patrols through Home Depot parking lots. It’s about strategic enforcement focused on immigrants at worksites and those who have overstayed visas and whom a judge has already ordered removed, he said.

But they’re facing opposition from within the Republican Party, Morgan said, particularly from those who want to narrow deportation to mainly criminals and from business groups that want to ease up on worksite enforcement.

“The Republicans that are saying that their definition of targeted enforcement is only criminal, they’re wrong. They’re on the wrong side of this,” he said.

“That’s why you see some of the base that’s really becoming apoplectic because they’re like, ‘Wait a minute. You’re talking about only removing criminals now? That’s not what you promised,’” Morgan said.

What’s coming next

The deportation advocates as well as those working to protect the rights of immigrants see that the Trump administration’s best chance at reaching its goals is creating an environment so unwelcoming for immigrants that they just leave — what’s often called self-deportation.

Mehta, at the ACLU, expects the administration will step up efforts to end temporary permissions that allow immigrants to remain in the U.S. — particularly refugees and asylum seekers — while their cases are making their way through the system. She called it a “deliberate attempt to make people undocumented — to take away lawful status — and then to be able to enforce against them.”

Sen. Alex Padilla (D-Calif.) said he fears that more nonviolent immigrants will be rounded up to fill the new warehouses being equipped as the Trump administration tries to reach its deportation goals.

That’s unacceptable, he said, and among “the key questions that Senator Mullin will have to answer at his confirmation hearing.”

Mascaro, Santana and Cappelletti write for the Associated Press.

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Qatar’s interior minister says security situation ‘stable’ amid Iran war | US-Israel war on Iran News

Sheikh Khalifa bin Hamad says Qatar will ‘not hesitate’ to ensure its stability as US-Israeli war on Iran continues.

Qatar’s Interior Minister Sheikh Khalifa bin Hamad has said the situation in the Gulf country is “stable” amid Iranian drone and missile attacks launched across the Middle East in response to the US-Israeli war on Iran.

In an interview with Qatar Television on Friday, Sheikh Khalifa said the Qatari government had a plan in place to deal with the prospect of more Iranian attacks amid a regional war.

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“The security situation in the country is stable, and we will not hesitate to take any measure that ensures the stability of our nation,” he said.

The interior minister said Qatar’s early warning system has been effective as authorities responded to reports of falling missile fragments at more than 600 sites across the country.

He added that Qatar has enough water to last for several months, as well as food reserves that will cover the nation’s needs for a year and a half.

Sheikh Khalifa’s remarks come as Qatar and other countries in the Gulf region have faced a barrage of Iranian attacks since the United States and Israel launched a war against Iran on February 28.

While Iran has said it is targeting US and Israeli military interests in the wider Middle East, the strikes have hit civilian infrastructure, including oil and gas facilities.

That has prompted a slowdown in regional energy production, which – coupled with Iran’s closure of the Strait of Hormuz, a key Gulf waterway – has raised concerns around the war’s effects on global economies.

Earlier this week, the United Nations Security Council passed a resolution denouncing the Iranian attacks on Gulf Cooperation Council (GCC) countries.

Sheikha Alya Ahmed bin Saif Al Thani, Qatar’s ambassador to the UN, had condemned the firings as “a clear violation of international law and the UN Charter”.

The attacks, she told reporters in New York on Wednesday, “impacts deeply the foundation of understanding upon which bilateral relations between our countries have been built”.

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Lawmakers vent frustration over Homeland Security shutdown as lines grow at nation’s airports

Republican and Democratic senators vented their frustrations with the lack of progress in funding the Department of Homeland Security, which is resulting in more Americans enduring long lines at airports around the country. It’s a problem that is expected to intensify as the impasse enters its fourth week.

Democrats stressed they were willing to fund some of Homeland Security, but not Immigration and Customs Enforcement as well as Customs and Border Protection, without changes in their operations. Republicans made clear that some of the Democratic demands were a non-starter. The result was that each party blocked the other’s proposal for temporarily resolving the standoff during an hours-long debate Wednesday on the Senate floor.

The stark divide over a shutdown that began on Feb. 14 was acknowledged by members on both sides of the political aisle.

“We are in a negotiation. However, we are not close,” Sen. Brian Schatz (D-Hawaii) said at one point. “You may think this is some issue that we think we’re going to turn to our political advantage, but I promise you, when we saw Renee Good and Alex Pretti killed, this became an issue that was beyond politics.”

“And there are a lot of us who are not going to provide resources to this agency that is acting in such a ways that makes citizens of the United States so unsafe.”

Some Republicans were just as adamant that they oppose some of the changes Democrats are seeking to make.

“Let me be clear, we are going to do nothing — nothing — that kneecaps ICE’s ability to enforce our immigration laws,” said Sen. Eric Schmitt (R-Mo.).

Following the longest federal shutdown in the country’s history last year, Congress completed work on 11 of this year’s 12 appropriations bills. Only the bill for Homeland Security remains outstanding.

Democrats are seeking several changes at the department that include prohibiting ICE enforcement operations at sensitive locations like schools and churches, allowing independent investigations into alleged wrongdoing, requiring warrants to be signed by judges before federal agents can forcibly enter private homes or other nonpublic spaces without consent, and requiring agents to wear identification and remove their masks.

A push for more talks

Senate Majority Leader John Thune (R-S.D.) said his side has made repeated overtures to Democrats on a funding bill. He said the last offer on Homeland Security funding came from the White House nearly two weeks ago and there has been no response from the Democrats.

“Usually, around here, in order to get a deal, there has to be a negotiation where the two sides sit down together,” Thune said. “And my understanding is that has been completely rebuffed by the senator from Washington.”

The senator Thune was referring to, Sen. Patty Murray, the lead Democrat on the Senate Appropriations Committee, said she’s continued to talk with Republican colleagues, but those aren’t “real negotiations.” The White House needs to be at the table for that to occur. She said she needed assurance that Stephen Miller, the influential White House deputy chief of staff, would not upend any agreements that senators reach.

“I am willing to talk to people, but I’m not willing to sit in a room, have coffee, give away a few things and have Stephen Miller override whatever we all agree to,” Murray said. “ … We need to know the White House is serious.”

Homeland Security has been central to President Trump’s sweeping changes in immigration enforcement. Under Trump, the number of people ICE arrests and detains each month has climbed dramatically. The tactics that ICE has employed have generated alarm among Democrats, and some Republicans have also called for a more “strategic” approach.

During bipartisan negotiations earlier this year, appropriators agreed to a Homeland Security funding bill that did include more resources for de-escalation training and $20 million to outfit immigration enforcement agents with body-worn cameras. But that deal unraveled after the Pretti shooting in Minneapolis.

“My side was not going to stand down and say, ‘oh well, nothing happened,’” Murray said.

For the second time in two weeks, Murray offered a proposal to fund all of Homeland Security except for ICE and Customs and Border Protection, but Republicans objected.

Similarly, Sen. Katie Britt (R-Ala.) offered a proposal to fund all of Homeland Security for two weeks so that federal workers could get paid and government operations could continue while the two sides negotiate their differences on immigration enforcement. This time, Democrats objected.

The result was the standoff continues, but lawmakers were at least talking to each other, perhaps one small sign of progress.

Shutdown strains air travel

The large majority of the more than 260,000 employees at Homeland Security continue to work but are going unpaid. It’s the second time in recent months they’ve had to work without pay after last fall’s record, 43-day shutdown. The most visible sign of the shutdown has been a shortage of Transportation Security Administration screeners at airports.

Houston’s secondary airport weathered the worst problems, with lines consistently lasting over three hours for much of Sunday and Monday. Passengers also had to wait more than an hour to get through security at several other airports, including in New Orleans and Atlanta.

Homeland Security in a social media post Wednesday blamed Democrats for a shutdown that “has led to HOURS long security lines at airports across the country, leading Americans to miss their spring break flights.”

Trade groups are also worried about the economic impact of the travel delays. The U.S. Chamber of Commerce called on Congress to quickly approve a funding bill and end the department’s shutdown.

“Blocking operational funding and paychecks for those who help us travel safely is wrong and strains the air travel system,” said Neil Bradley, the business group’s executive vice president and chief policy officer.

Freking writes for the Associated Press.

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Oil Shock From Iran War Raises Fears of Financial Stress for Central Banks

The surge in oil prices triggered by the war in Iran is increasingly becoming a major concern for global central banks, which are closely monitoring the potential economic and financial consequences of the shock.

More than a week of conflict in the Middle East has disrupted energy supply routes and pushed crude prices sharply higher, raising fresh fears about inflation. For policymakers already grappling with fragile economic conditions, the oil spike presents a complex policy dilemma.

Historically, oil shocks have posed a difficult challenge for central banks. Rising energy prices can drive inflation higher while simultaneously weakening consumer spending and business activity by raising costs. In such circumstances, policymakers face an uncomfortable choice: tighten policy to control inflation or ease financial conditions to support economic growth and employment.

The current situation could potentially produce both outcomes at once, creating a scenario where inflation rises even as economic demand weakens a combination that complicates monetary policy decisions.

Inflation Versus Economic Growth

Central banks traditionally respond to inflationary pressures by raising interest rates or maintaining tighter monetary policy. Some policymakers argue that responding quickly to inflation triggered by an oil shock can prevent inflation expectations from becoming entrenched and reduce longer-term economic damage.

Others, however, advocate “looking through” temporary energy-driven price spikes, arguing that aggressive tightening could unnecessarily damage economic growth. This approach gained prominence after the pandemic, when many central banks initially viewed inflation as temporary a judgment widely criticised in hindsight.

The decision facing policymakers now depends on several uncertainties, including how long the conflict lasts, how severely energy supplies are disrupted, and whether governments intervene with subsidies or price caps to protect consumers.

Given these unknowns, many central banks may prefer to adopt a cautious approach, waiting to see how markets and economic conditions evolve before making significant policy adjustments.

Financial Stability Risks Enter the Picture

Beyond inflation and growth concerns, central banks must also consider a third responsibility that has gained prominence since the global financial crisis: financial stability.

Senior policymakers worry that the oil shock could expose vulnerabilities that have been building in global financial markets for years. A large macroeconomic disturbance involving energy prices, inflation, interest rates and currency volatility could trigger a broader financial stress event.

Much of the concern centres on the growing role of “shadow banking” institutions, financial intermediaries operating outside traditional banking regulation. These entities have become increasingly important providers of credit to companies and governments.

One major area of focus is the rapid expansion of private credit funds, which now manage more than $3 trillion globally. These funds allow asset managers to lend directly to businesses, often outside the scrutiny of public markets or traditional banking standards.

Regulators worry that during a major shock, investors could rapidly withdraw funds from these vehicles, potentially creating liquidity problems for borrowers and spillover risks for banks that help finance or manage the funds.

Pressure in Bond and Repo Markets

Another major source of concern lies in government bond markets, where highly leveraged hedge funds have become increasingly active. Many of these funds use repurchase agreements, or “repo” markets, to borrow money and finance large trades involving government bonds.

These strategies often rely on exploiting small price differences between cash bonds and futures contracts, but they involve substantial leverage. While such activity can help smooth government financing, it can also create systemic vulnerabilities during periods of market stress.

The Financial Stability Board, which monitors risks to the global financial system for the G20, warned earlier this year that sudden deleveraging in repo markets could disrupt sovereign bond markets.

More than $16 trillion in repo transactions backed by government bonds were outstanding last year, with about 60% concentrated in the United States. A sudden withdrawal of leveraged investors could therefore have significant ripple effects across global financial markets.

New Fragilities: Stablecoins and Technology Stocks

Regulators are also monitoring emerging risks linked to digital finance. Stablecoins cryptocurrencies pegged to traditional currencies such as the U.S. dollar have grown rapidly and are increasingly investing reserves in government bonds.

With the stablecoin market now worth roughly $300 billion and expanding, any loss of confidence in these assets could trigger large-scale sales of the bonds that back them. Such an event could add stress to already volatile financial markets.

At the same time, some investors remain concerned about high valuations and heavy market concentration in the rapidly growing artificial intelligence sector, which could amplify market volatility during periods of economic uncertainty.

Analysis: Oil Shock Could Trigger Wider Financial Stress

The Iran war oil shock illustrates how geopolitical crises can interact with financial vulnerabilities to create broader economic risks.

Higher energy prices directly increase inflation and strain household finances. At the same time, they can force central banks to reconsider interest-rate policies, potentially leading to higher borrowing costs and greater volatility in financial markets.

Such conditions could expose weaknesses in highly leveraged sectors of the financial system, particularly in shadow banking, hedge funds and digital financial markets.

Although previous shocks including the economic turmoil following Russia’s invasion of Ukraine did not ultimately trigger a major financial crisis, policymakers remain cautious. The brief turmoil in the U.S. regional banking sector in 2023 demonstrated how quickly financial stress can emerge when economic conditions shift.

If oil prices remain elevated and central banks are forced to respond aggressively, the resulting tightening of financial conditions could amplify existing vulnerabilities across markets.

For now, the disturbances appear manageable. But the combination of geopolitical conflict, energy market disruption and financial fragility ensures that central banks will continue to watch the situation with increasing concern.

With information from Reuters.

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UN Security Council adopts Gulf countries’ draft resolution | GCC

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The UN Security Council has passed a resolution put forward by Gulf Cooperation Council members calling on Iran to halt its attacks on Gulf countries. The measure was adopted with 13 votes in favour and two abstentions, while no member states voted against it.

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Dollar Steadies, Oil Pulls Back After Trump Signals Iran War May End Soon

Global currency and commodity markets stabilised slightly on Tuesday after a volatile start to the week triggered by the war involving Iran, United States and Israel. The U.S. dollar steadied against major currencies after earlier declines, following remarks from U.S. President Donald Trump that the conflict could end “very soon.”

Financial markets had been thrown into turmoil a day earlier amid fears that a prolonged war could trigger a major global energy shock. The conflict has disrupted oil and gas exports through the critical Strait of Hormuz, a vital shipping route for global energy supplies.

Although markets calmed somewhat after Trump’s comments, the broader environment remains highly uncertain as investors continue to assess the potential economic fallout from the conflict.

Dollar Holds Ground as Oil Prices Ease

In Asian trading, the U.S. dollar was largely steady against other major currencies after retreating from the highs reached during Monday’s market turbulence.

The currency traded at around 157.73 yen against the Japanese yen and about $1.1632 against the euro, reflecting a stabilisation following the sharp movements seen earlier.

Meanwhile, oil prices remained elevated but declined from the dramatic peaks reached at the start of the week. Brent crude traded at roughly $93 per barrel, still significantly higher than levels before the outbreak of the war but well below Monday’s surge toward $120.

The pullback in oil prices helped ease immediate concerns about a severe energy shock, although analysts caution that volatility could continue if the conflict escalates again.

Investors Remain Cautious

Despite the relative calm in currency markets, analysts say investors are far from convinced that the crisis is nearing resolution.

Rodrigo Catril, a currency strategist at National Australia Bank, warned that markets could continue to experience sudden shifts in sentiment as geopolitical developments unfold.

According to Catril, it remains unclear whether the Iranian leadership would be willing to pursue de-escalation, suggesting that the risk of renewed market volatility remains high.

The Islamic Revolutionary Guard Corps in Iran dismissed Trump’s suggestion that the conflict could end quickly, describing the remarks as “nonsense.”

Risk-Sensitive Currencies Under Pressure

Currencies closely linked to global economic sentiment weakened as investors remained cautious.

The Australian dollar slipped to around $0.7063, while the New Zealand dollar fell to roughly $0.5912. These currencies often decline during periods of geopolitical uncertainty or when investors shift toward safer assets.

The dollar, by contrast, has benefited from its traditional role as a safe-haven currency during times of crisis. The escalation of the conflict and disruption to energy markets prompted investors to move funds into U.S. assets, supporting the currency.

The British pound recovered from losses earlier in the week to trade around $1.3434.

Energy Prices and Global Growth Concerns

Investors remain concerned that sustained high energy prices could slow global economic growth. Rising oil costs increase expenses for businesses and households, effectively acting as a tax on economic activity.

At the same time, higher energy prices could complicate monetary policy by pushing inflation upward and making it harder for central banks to lower interest rates.

Analysts at Deutsche Bank noted that a broader market sell-off in risk assets would likely require several conditions to occur simultaneously: persistently high oil prices, a shift in central bank policy expectations and clear evidence of a slowing global economy.

Strategist Henry Allen said markets are now significantly closer to those thresholds than they were just a week ago, though the full conditions for a major downturn have not yet materialised.

Analysis: Markets Brace for Prolonged Volatility

The market reaction to the Iran war underscores how closely global financial conditions are tied to geopolitical developments in the Middle East.

While Trump’s comments about a possible quick end to the conflict helped stabilise markets temporarily, the underlying risks remain substantial. The disruption of energy supplies through the Strait of Hormuz continues to threaten global oil flows and could trigger renewed price spikes if the conflict intensifies.

For investors, the situation presents a delicate balance. On one hand, hopes for de-escalation could stabilise energy prices and reduce pressure on financial markets. On the other, continued fighting or further disruptions to oil shipments could quickly reignite volatility across currencies, commodities and equities.

Until there is clearer evidence of either de-escalation or escalation, markets are likely to remain highly sensitive to political developments, with the dollar continuing to benefit from its role as a global safe haven.

With information from Reuters.

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Bangladesh Secures Diesel After Iran War Disrupts Fuel Shipments

The war involving Iran, United States and Israel is increasingly affecting energy supplies far beyond the Middle East, with Bangladesh now scrambling to secure fuel imports after disruptions to regional shipping routes.

Bangladeshi officials say the country has begun receiving diesel shipments from suppliers including China and India, allowing authorities to secure enough fuel to meet roughly one month of national demand. Arrangements are also being made to secure supplies for an additional month.

The South Asian nation of about 175 million people depends heavily on imported energy, with roughly 95% of its fuel requirements sourced from abroad. The disruption of Middle Eastern oil flows following the war has therefore exposed Bangladesh to severe supply risks.

Fuel Rationing and Economic Disruptions

To manage the supply shortage, authorities have introduced emergency measures including fuel rationing for vehicles, restrictions on diesel sales and the temporary closure of universities.

Energy shortages are also affecting Bangladesh’s critical export industries. The country is the world’s second-largest clothing exporter after China, and many garment factories rely on diesel-powered generators during power outages.

Industry leaders say the situation has worsened since the conflict began in late February. Power cuts have doubled to as much as five hours per day, forcing factories to rely more heavily on backup generators.

Mahmud Hasan Khan, president of the Bangladesh Garment Manufacturers and Exporters Association, said many companies are struggling to obtain sufficient diesel to keep their operations running during electricity outages.

The shortages threaten to disrupt production in one of Bangladesh’s most important economic sectors, which accounts for the majority of the country’s export earnings.

Emergency Diesel Shipments Arrive

To stabilise supplies, the state-run Bangladesh Petroleum Corporation (BPC) has arranged diesel shipments from international traders.

Energy officials say around 60,000 metric tons of diesel are currently being delivered by three trading companies, with another 90,000 metric tons expected to arrive later this month.

A cargo of approximately 27,000 metric tons from PetroChina has already arrived at Chittagong Port, while another shipment of roughly 28,000 metric tons from Vitol is waiting at the port’s outer anchorage.

Additional supplies are also arriving through a cross-border pipeline from India’s Numaligarh Refinery, which is currently providing about 5,000 metric tons of diesel. Officials said negotiations are underway to secure a further 30,000 metric tons from Indian Oil Corporation.

Bangladesh typically consumes about 380,000 metric tons of diesel each month. However, officials estimate that rationing measures have reduced current demand to around 270,000 metric tons per month.

Oil Imports Threatened by Hormuz Disruptions

While refined diesel cargoes have continued to arrive, Bangladesh faces greater risks in securing crude oil shipments for its domestic refineries.

The country imports about 1.4 million metric tons of crude oil annually under long-term supply agreements with Saudi Aramco and Abu Dhabi National Oil Company.

However, shipments from these suppliers must travel through the strategically vital Strait of Hormuz, which has been heavily disrupted by the war. Officials say at least one cargo of around 100,000 tons from Saudi Aramco has already been delayed in the Gulf due to the ongoing crisis.

The Strait of Hormuz is one of the world’s most important energy transit routes, and any prolonged disruption could have far-reaching consequences for countries heavily dependent on imported fuel.

Gas Shortages Add to Energy Crisis

Bangladesh’s energy difficulties extend beyond diesel shortages. Severe natural gas shortages have already forced the closure of four of the country’s five state-run fertiliser factories.

Authorities have redirected the available gas supply toward electricity generation in an effort to stabilise power production during the crisis.

The combination of diesel shortages, disrupted oil imports and limited gas supplies is placing growing pressure on Bangladesh’s energy system at a time when global fuel markets are already experiencing heightened volatility.

Analysis: Energy Dependence Exposes Economic Vulnerability

Bangladesh’s struggle to secure diesel supplies illustrates how the war involving Iran is affecting energy-importing economies far beyond the immediate conflict zone.

Countries that rely heavily on imported fuel are particularly vulnerable to disruptions in global energy shipping routes, especially those linked to the Strait of Hormuz. Even temporary interruptions can lead to fuel shortages, higher prices and broader economic disruption.

For Bangladesh, the situation highlights the structural risks created by its dependence on imported energy. Industries such as garments, which rely on stable electricity supplies and backup diesel generators, are especially exposed to supply shocks.

Although emergency shipments from China and India have temporarily stabilised supplies, the situation remains fragile. If the conflict in the Middle East continues to disrupt oil shipments or drive up prices, Bangladesh could face prolonged energy shortages with significant implications for its economy and export industries.

With information from Reuters.

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Israel Says Iran War Goals Progressing Faster Than Planned

Israel believes it is progressing faster than expected in achieving its objectives in the war against Iran, according to Israel’s ambassador to France.

Ambassador Joshua Zarka said the military campaign, which Israel initially predicted would last several weeks, is moving ahead of schedule in meeting its strategic goals.

Speaking to BFM TV, Zarka said Israel’s objectives extend beyond dismantling Iran’s nuclear programme. He said the broader aim is to weaken Iran’s leadership so that it can no longer project power beyond its borders and so that the Iranian population can determine its own political future.

Israel’s Broader Strategic Objectives

According to Zarka, Israel’s campaign is designed not only to limit Iran’s military capabilities but also to significantly weaken the country’s ruling authorities.

The ambassador said that reducing the government’s ability to operate abroad would help prevent attacks against Israel and its allies, while also creating conditions in which Iranians could “take their fate into their own hands.”

His comments reflect a broader strategic message from Israel that the war is intended to reshape Iran’s regional role, rather than simply eliminate specific military programmes.

Zarka, who previously served as Israel’s lead diplomat dealing with Iran, suggested that Israel’s military progress is exceeding initial expectations.

Warning Over New Iranian Leadership

Zarka also commented on the recent appointment of Mojtaba Khamenei as Iran’s new supreme leader following the death of his father, Ali Khamenei.

He said that if Mojtaba Khamenei follows the same policies as his predecessor, he could become a potential target for Israel.

The remark underscores the increasingly confrontational rhetoric surrounding the conflict and signals that Israel sees Iran’s leadership itself as central to the confrontation.

Conflict Expands to Lebanon

At the same time, Israel has intensified military operations against Hezbollah, the Iran-backed militant group based in Lebanon, after cross-border attacks on Israeli territory.

The Lebanese government has said it would like to hold direct talks with Israel to stop the fighting. However, Zarka dismissed the possibility of negotiations at this stage.

Instead, he argued that the war would end only if Hezbollah is disarmed a step he said depends on decisions taken by the Lebanese government.

Analysis: Israel Signals No Immediate Path to Negotiations

Zarka’s comments suggest Israel believes the current military campaign is producing results and therefore sees little incentive to pursue negotiations in the near term.

By framing the war’s goals around weakening Iran’s leadership and limiting its regional influence, Israeli officials are signalling that the conflict is about more than just nuclear or missile capabilities.

The remarks also highlight Israel’s strategy of confronting Iran’s regional network of allied groups, including Hezbollah, which it views as a key extension of Tehran’s power.

Taken together, the statements indicate that Israel intends to continue military pressure until it believes Iran’s ability to project influence across the region has been significantly reduced.

With information from Reuters.

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Homeland Security resumes Global Entry during partial government shutdown

March 11 (UPI) — The United States resumed Global Entry, a program that allows trusted travelers to quickly get through U.S. customs, on Wednesday after a short break.

The service began again at 5 a.m. EDT Wednesday, the Department of Homeland Security said.

“We are working hard to alleviate the disruptions to travelers caused by the Democrats’ shutdown,” a DHS spokesperson said in a statement.

The program was suspended to preserve staff and resources during the partial government shutdown that began Jan. 31. When it was announced, the department said it would also suspend TSA PreCheck, which allows low-risk travelers to speed through Transportation Security Administration checkpoints, but quickly reversed course on that decision.

Geoff Freeman, president and CEO of the U.S. Travel Association, said the organization was pleased with the decision.

“Over the last two weeks, the travel industry has been clear about the role programs like Global Entry and TSA PreCheck play in both security and efficiency,” Freeman said in a statement. “Through outreach to members of Congress and administration officials, collaboration across the travel sector and strong public engagement, we highlighted a simple reality: Trusted Traveler Programs enhance security while keeping travel moving.”

Travelers at airports have seen long lines for TSA checkpoints, some lasting several hours with lines stretching out onto sidewalks.

The DHS, which includes TSA, is shut down because Congress couldn’t agree on a funding bill for the department. Democrats don’t want to fund it until guardrails are put on the agency, and Republicans haven’t agreed to Democrats’ demands.

Because of this, TSA workers got a partial paycheck on Feb. 28 and will miss their first full check Saturday. There have been more work absences while staff are not getting paid, which slows the TSA lines at major airports.

Sen. Markwayne Mullin, R-Okla., speaks to the press outside the U.S. Capitol on Thursday. Earlier today, President Donald Trump announced Mullin would replace Kristi Noem as Secretary of the Department of Homeland Security. Photo by Bonnie Cash/UPI | License Photo

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