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Staycations surge in three UK hotspots as Iran war shakes foreign travel plans

As uncertainty in international travel continues amid the conflict in the Middle East, travel firms have reported increased bookings to three UK destinations

With mounting worries about flight cancellations and soaring prices among UK travellers due to the Iran conflict, new data indicates that staycations are becoming increasingly popular. Travel experts have cautioned that, should disruption to oil supplies through the Strait of Hormuz persist, Europe could see jet fuel reserves dwindling within a matter of weeks, heightening the threat of flight disruptions.

Several airlines are already cutting back on flights and starting to impose fuel surcharges, prompting many to question whether their travel arrangements in the coming months will proceed – and which destinations might be hardest hit.

Asia is especially vulnerable to the fuel shortages, given its greater dependence on Gulf imports. Yet European nations including Italy, France, the Netherlands, and Denmark are also said to be tapping into reserves, according to Bryan Terry, managing director at Alton Aviation Consultancy, speaking to The Times.

Earlier this week, Germany’s largest carrier Lufthansa revealed it had scrapped 20,000 flights between May and October in a bid to conserve fuel.

Amid the ongoing uncertainty, travel firms have noted a spike in bookings for three sought-after UK staycation destinations; the Lake District, Northumberland, and Pembrokeshire.

The Lake District welcomes roughly 18 million visitors annually. While many are attracted by its stunning landscapes, peaceful surroundings and walking trails, others head there for particular attractions or to enjoy outdoor pursuits. Guests typically choose from a variety of accommodation options, encompassing both self-catering and serviced properties.

Northumberland similarly lures tourists with its blend of scenic beauty, historical heritage and adventure activities. Key draws include beaches like Bamburgh, alongside iconic sites such as Bamburgh Castle, Alnwick Castle and Hadrian’s Wall. Popular outdoor activities encompass hiking, watersports, cycling and wildlife watching.

Wales’ Pembrokeshire stands out as one of Britain’s premier coastal destinations, providing a distinct alternative to more conventional holiday spots.

Attractions feature the Pembrokeshire Coast National Park, striking clifftops, secluded bays and expansive sandy shores, with places like Barafundle Bay and Whitesands frequently listed among the nation’s finest.

Airbnb’s Lisa Marcais told The i Newspaper: “As we enter the spring and summer season, we’re already seeing a clear uptick in demand for UK getaways,” s Searches have reportedly risen by over 15 per cent for May bank holiday breaks versus last year.

“Lesser-known destinations are particularly popular, with Brits swapping traditional hotspots for rural escapes in Northumberland, Pembrokeshire and the Derbyshire Dales.”

James Shaw from Sykes Holiday Cottages has also noted an increase in staycations over the Easter period and anticipates this trend will carry on throughout the summer months.

“The rise in last-minute bookings is particularly interesting,” he said. “With this level of demand continuing into spring, we’re expecting a strong summer ahead.”

He went on to say that holidaymakers are displaying growing enthusiasm for locations such as Whitby in North Yorkshire, Lyme Regis in Dorset, and Lake District favourites including Windermere and Keswick.

Meanwhile, Yorkshire-based luxury holiday cottage firm Holiday at Home has similarly recorded a 17 per cent surge in reservations.

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Oil prices surge amid mixed signals on US-Iran peace talks | US-Israel war on Iran News

Brent crude rises more than 7 percent as Washington and Tehran offer conflicting accounts on ceasefire negotiations.

Oil prices have risen sharply following attacks on commercial vessels in the Strait of Hormuz and conflicting messages about the prospect of renewed negotiations between the United States and Iran.

Brent crude futures, the primary benchmark for global prices, jumped more than 7 percent in Asia on Monday as the outlook for peace between Washington and Tehran darkened.

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Prices eased somewhat later in the morning, with the benchmark at $94.69 a barrel as of 02:05 GMT, up from just under $90.40 on Friday.

The latest price surge came after US President Donald Trump said US forces seized an Iranian-flagged cargo vessel that had attempted to evade the US blockade of Iran’s ports.

Trump’s announcement followed reports by the United Kingdom Maritime Trade Operations (UKMTO) Centre over the weekend that two vessels came under attack while transiting the strait.

Iranian gunboats fired on a tanker, while an “unknown projectile” struck a container ship, according to the UKMTO.

After declaring the strait “completely open” on Friday, Tehran reversed course less than 24 hours later, citing the ongoing US blockade.

 

Earlier on Sunday, Trump said that a US delegation would travel to Pakistan on Monday to hold a second round of ceasefire talks with Iranian officials.

Iranian state news outlet IRNA later reported that Tehran would not participate in the talks, citing the US blockade and Washington’s “excessive demands” and “unrealistic expectations”.

A two-week ceasefire between Washington and Tehran is set to expire on Wednesday if the sides cannot agree on an extension.

An initial round of talks held in Islamabad earlier this month broke down without any agreement between the sides.

Iran’s effective closure of the strait, which usually carries about one-fifth of global oil and natural gas supplies, has driven a surge in fuel prices worldwide, forcing governments to tap emergency supplies and roll out energy-saving measures.

Nineteen vessels crossed the strait on Saturday, up from 10 the previous day, but far below the historical average of 138 daily transits, according to the UKMTO.

Asia’s main stock markets opened higher on Monday despite the dimming prospects of de-escalation.

Japan’s Nikkei 225 rose more than 1 percent in morning trading, while South Korea’s KOSPI gained about 1.3 percent.

Hong Kong’s Hang Seng Index rose about 0.5 percent, while the SSE Composite Index in Shanghai gained more than 0.4 percent.

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Ceasefire or escalation? Trump weighs Iran talks amid troop surge

With a fragile ceasefire set to expire with Iran in a matter of days, President Trump is still deciding between diplomacy and a resumption of fighting that may ultimately hinge on his definition of victory.

Negotiations have continued over the last week between the warring sides over a potential agreement that would end the conflict and curtail Iran’s nuclear ambitions, with interlocutors from Pakistan passing messages that have kept talks alive. Tehran has floated an extension of the two-week ceasefire, set to expire Tuesday, that is under active consideration by the American side.

But the Islamic Republic has simultaneously vowed retaliation over a new U.S. blockade of Iranian ports that in effect cut off Tehran’s oil sales, which make up nearly 85% of the country’s export revenue. And the Trump administration is deploying up to 10,000 additional troops to the region, on top of the 50,000 already there, both reinforcing the blockade and threatening ground operations if diplomacy fails.

Conflicting messages from the Trump administration are designed to escalate pressure on Tehran ahead of the ceasefire deadline, potentially extracting concessions at the negotiating table.

But speaking with reporters, Trump has made it clear he is seeking a way to end the war for good.

I think it’s close to over,” Trump told Fox Business Network’s “Mornings with Maria” on Wednesday. “I view it as very close to over. If I pulled up stakes right now, it would take them 20 years to rebuild that country. And we’re not finished. We’ll see what happens. I think they want to make a deal very badly.”

Negotiations toward that end have proved more challenging than the administration initially anticipated.

Trump has said he started the war in order to eliminate Iran’s nuclear infrastructure, degrade its ballistic missile and drone programs, and destroy its navy. But in talks, the Iranians have not relented on their right to enrich uranium, to maintain conventional defensive capabilities and to police traffic through the Strait of Hormuz, one of the world’s most vital waterways.

Tehran rejected a proposal by U.S. negotiators last week for a 20-year pause on Iran’s domestic enrichment of fissile material, with the Iranians countering with a five-year moratorium, one official said.

In his interview with Fox, Trump said the talks were going so well that an extension of the ceasefire might not be necessary. Yet, speaking with the New York Post, Trump suggested he wouldn’t settle for less than an indefinite cap on Iran’s nuclear work.

“I’ve been saying they can’t have nuclear weapons,” Trump said, “so I don’t like the 20 years.”

“I don’t want them to feel like they have a win,” he added.

The U.S. ceasefire with Iran was predicated on the resumption of free navigation through the Strait of Hormuz. But Iranian threats of a new toll system and warnings of drifting mines have limited traffic, prompting the Trump administration to announce a full blockade of the strait. Despite the U.S. threat, ships have continued transiting the passage this week, suggesting the U.S. blockade has focused more specifically on Iranian ports.

Amid the impasse, global oil prices remain stubbornly high — a concern for Republicans entering this year’s midterm election season. Trump told Fox that he expected prices to drop to prewar levels by the time of the vote in November.

“There’s gonna be a hit, but it’s going to recover, I think, fully,” Trump said. “I think that we will be somewhere around where we were — maybe even lower. And when this is over, I think the stock market is going to boom.”

A second round of high-level negotiations could take place in Islamabad, Pakistan, over the next several days, Karoline Leavitt, the White House press secretary, told reporters at a news briefing Wednesday.

Pakistani officials traveled to Tehran on Wednesday to deliver a message from the U.S. delegation, potentially laying the groundwork for new, in-person talks.

“He’s made his red lines in these negotiations very clear to the other side,” Leavitt said. “We feel good about the prospects of a deal.”

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Asia’s stock markets surge, oil falls on hopes for US-Iran talks | Financial Markets News

Relief for global markets comes after Trump says Iranian officials are keen on a deal.

Asia’s main stock markets have surged, and oil prices have declined amid renewed hopes for ceasefire talks between the United States and Iran.

The relief for global markets on Tuesday came after US President Donald Trump said overnight that Iranian officials had reached out to his administration and expressed their openness to a deal.

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“We’ve been called by the other side, and they would like to make a deal very badly,” Trump said in remarks at the White House.

Japan’s benchmark Nikkei 225 rose as much as 2.5 percent on Tuesday, while South Korea’s KOSPI gained about 3.7 percent.

Singapore’s Straits Times Index climbed about 0.6 percent.

In Hong Kong, the Hang Seng Index was up about 0.4 percent in the early afternoon, while the SSE Composite Index in Shanghai was about 0.5 percent higher.

The rally in Asia followed gains on Wall Street, with the benchmark S&P 500 finishing up 1 percent overnight.

Brent crude, the benchmark for global oil prices, dipped nearly 1.5 percent, falling below $98 a barrel.

The positive turn for markets came despite the US following through on its threat to impose a naval blockade on Iranian ports, a move that analysts warn is likely to exacerbate the energy shortage that is roiling the global economy.

Brent had surged above $103 per barrel after Trump on Sunday threatened to impose a blockade on the Strait of Hormuz, a conduit for about one-fifth of global oil and natural gas supplies.

The US military later clarified that the blockade would only apply to vessels entering and exiting Iranian ports, in an apparent scaling back of Trump’s threat to fully close the waterway.

Iran has effectively halted shipping through the strait since the start of the war on February 28, throwing the global energy market into a tailspin.

Only 21 vessels transited the strait on Sunday, according to maritime intelligence provider Windward, compared with roughly 130 daily transits before the start of the conflict.

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Oil prices surge past $103 a barrel after US announces blockade of Iran | Oil and Gas News

Asian stocks fall as naval blockade threat injects new turmoil into financial markets.

Oil prices have risen sharply following US President Donald Trump’s announcement of a naval blockade of Iran.

Brent crude, the international benchmark, rose more than 8 percent on Sunday to top $103 a barrel.

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It was the first time the benchmark rose above the psychologically important threshold of $100 since Tuesday, when prices surpassed $111 a barrel.

Trump announced on Sunday that the US Navy would block all ships from entering or exiting the Strait of Hormuz, following the collapse of ceasefire talks between US and Iranian officials over the weekend.

US Central Command said in a later statement that it would only block vessels travelling to and from Iran and that other traffic would not be impeded, in an apparent scaling back of Trump’s threat to impose a full blockade.

The command said the blockade would take effect on Monday at 10am Eastern Time (14:00 GMT).

Oil prices have been a rollercoaster since US-Israeli strikes on Iran prompted Tehran to impose a de facto blockade of the Strait of Hormuz, a conduit for about one-fifth of global oil and natural gas supplies.

After topping $119 last month, Brent fell below $92 a barrel last week after the US and Iran announced a two-week ceasefire following more than six weeks of war.

While Iran has allowed a limited number of ships to transit the waterway, subject to prior vetting and authorisation, traffic has been reduced to a trickle compared with peacetime levels.

Despite Washington and Tehran’s fragile truce officially remaining in place until April 22, only 17 vessels crossed the strait on Saturday, according to maritime intelligence firm Windward, down from roughly 130 daily transits before the war.

Major stock markets in Asia opened lower on Monday as Trump’s blockade threat stoked uncertainty on trading floors.

Japan’s benchmark Nikkei 225 fell 0.9 percent in morning trading, while South Korea’s KOSPI dropped more than 1 percent.

US stock futures, which are traded outside of regular market hours, also fell, with those tied to the benchmark S&P 500 down about 0.8 percent.

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Gold, silver surge to 3-week highs as Iran ceasefire sends dollar & oil plunging (XAUUSD:CUR:Commodity)

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Gold prices advanced in Asian trading on Wednesday after U.S. President Donald Trump and Iran agreed to a two-week ceasefire to finalize talks on ending the war.

Spot gold (XAUUSD:CUR) rose 1.8% to $4,794.08 per ounce at press time, after gaining as much as 3.1% earlier in

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Distressed firms surge in South Korea amid high rates

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Illustration depicts rising corporate distress in South Korea, with the number of at-risk firms climbing to 3,364 in 2025. Graphic by Asia Today and translated by UPI

April 5 (Asia Today) — The number of financially vulnerable companies in South Korea has surged to a record high, with many firms struggling to cover even interest payments as high borrowing costs and weak domestic demand persist.

According to data from five major commercial banks, 3,364 companies were classified as at high risk of becoming distressed in 2025 credit assessments, up 828 from a year earlier. The figure marks the highest level since records began in 2005 and exceeds levels seen during the COVID-19 pandemic.

The increase reflects prolonged high interest rates and a slow recovery in domestic consumption, which have made it difficult for many firms to repay both principal and interest on loans.

More companies are also slipping into actual distress. Firms categorized as showing clear signs of financial trouble rose to 45, while those deemed unlikely to recover climbed to 98.

The strain is evident in broader financial indicators. The Bank of Korea said 46.4% of companies had an interest coverage ratio below 1 as of the third quarter of last year, meaning nearly half were unable to generate enough operating profit to cover interest expenses.

The rise in vulnerable firms is adding pressure on banks, which are already tightening lending standards. Non-performing corporate loans at the five major banks reached about 4.2 trillion won ($3.1 billion), even as overall corporate lending growth slowed.

Banks have responded by applying stricter credit risk assessments, but the rapid increase in troubled borrowers is raising concerns about asset quality in the financial sector.

Analysts warn that risks could grow further if geopolitical tensions in the Middle East continue to push up oil prices, fueling inflation and weakening corporate profitability.

A central bank official said prolonged external shocks could erode companies’ ability to service debt, potentially undermining financial stability.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260406010001361

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Packaging costs surge as shortages hit small businesses

Song Chi-young, chairman of small business association, left, and Small and Medium Business Minister Han Sung-sook pose for a photo at a meeting on the impact of the Middle East war in Seoul on Tuesday. Photo by Asia Today

April 1 (Asia Today) — South Korean small businesses are facing sharp increases in packaging costs and supply shortages, with some warning they are struggling to operate as disruptions linked to the Middle East conflict ripple into the domestic economy.

At a government meeting held in Seoul on Tuesday, business owners described severe difficulties securing basic materials, including packaging containers and even pay-as-you-throw garbage bags.

“I can’t even find trash bags, let alone packaging materials,” one participant said, describing the situation as a direct impact of global disruptions reaching local businesses.

Officials and industry representatives said prices for key materials have surged in recent days. The cost of plastic egg trays rose from 81 won to 131 won, a 61.7% increase, while plastic capsules for smaller packaging climbed 46.9%. Supplies of plastic wrap and binding materials have also dropped to about half of normal levels, creating what participants described as a “supply shock.”

The impact is spreading across sectors. A business owner operating both a factory and a restaurant said waste disposal has been disrupted due to shortages of garbage bags, raising hygiene concerns. An interior industry official warned that rising raw material costs could lead to monthly losses of about 10 million won (approximately $7,400) once existing contracts expire.

Song Chi-young, head of a small business group, said plastic bag prices have doubled within a week and called for stronger government action against hoarding and broader support measures.

In response, Small and Medium Business Minister Han Sung-sook said the government would strengthen emergency response systems and expand support for small businesses. Plans include prioritizing liquidity assistance in a supplementary budget and launching a nationwide consumption campaign beginning April 11.

Delivery platform companies were also urged to share the burden. Representatives from major food delivery firms said they are reviewing additional support measures, including expanding eco-friendly packaging initiatives and exploring ways to reduce plastic use.

Han said the crisis requires coordinated action across the economy, stressing that businesses and platforms must work together alongside the government to mitigate the impact of rising costs and supply disruptions.

The developments highlight how global geopolitical tensions are increasingly affecting everyday business operations, particularly for smaller firms with limited capacity to absorb sudden cost increases.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260129010013458

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South Korea to import eggs to curb chicken price surge

The Ministry of Agriculture, Food and Rural Affairs building. Photo by Asia Today

March 30 (Asia Today) — South Korea’s agriculture ministry said Monday it will urgently import 15 million broiler hatching eggs in an effort to curb rising chicken prices.

The Ministry of Agriculture, Food and Rural Affairs said retail prices for broiler chicken have climbed sharply in recent days, increasing by about 300 won (about $0.22) per kilogram over the past 10 days.

According to the Korea Agro-Fisheries and Food Trade Corporation’s price system, the average price rose from 6,252 won ($4.60) per kilogram on March 19 to 6,534 won ($4.80) on March 28. Peak prices rose from 7,182 won ($5.30) to 7,980 won ($5.90) over the same period.

Officials warned that rising chicken costs could lead to higher prices for fried chicken, a widely consumed food in South Korea, potentially pushing up overall dining-out inflation.

The ministry said it is in talks with the Netherlands over quarantine procedures for importing the eggs and is also considering Belgium as an alternative supplier if negotiations stall.

If talks are successful, imports could begin as early as early April. Combined with 778,000 eggs already imported from Spain in March, total imports would reach about 23 million eggs.

However, officials acknowledged that the measure may not provide immediate relief. It is expected to take about two months for the imported eggs to be hatched, raised and processed into chicken products available in stores.

The ministry is also reviewing measures to ask major poultry producers to refrain from raising prices during the period.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260330010009113

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Bond yields surge as Iran war stirs inflation fears almost a month into the conflict

Yields on government debt across European countries and the United States have been rising since the start of the Iran war.


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Investors are demanding higher yields as confidence in the global economy has cratered due to the severe negative impact of the conflict on energy markets, supply chains and Middle Eastern infrastructure.

The 2-year notes, sensitive to near-term rate expectations, have risen faster than their 10-year counterparts in a classic bear-flattening move, while longer-dated yields reflect worries over the economic drag caused by more expensive energy.

Speaking to Euronews, BCA Research’s Chief Fixed Income Strategist, Robert Timper, explained that “the aggressive bear flattening of yield curves reflects a hawkish monetary policy repricing in response to inflation fears stemming from the Iran war”.

“The front-end [2-year yields] is more sensitive to changes in monetary policy and has therefore risen more than the long-end [10-year yields] in response to investors’ anticipation of more hawkish central bank policy,” Timper added.

Historically, this specific curve behaviour often precedes an inverted yield curve, which is a well-recognised indicator of a potential economic recession.

European bonds bear the brunt of the sell-off

The repricing has been most pronounced in Europe, with the UK bond market feeling the biggest pressure.

Since the start of the conflict, the 10-year UK gilt yield has risen from 4.2% to a high of over 5% while the 2-year note yield jumped from 3.5% to a peak of 4.6%.

Timper explained to Euronews that past inflation experience has proved decisive, stating that “rate hikes in the UK are more likely than elsewhere because inflation has been more elevated than elsewhere, and the risk of inflation expectations unanchoring is therefore higher.”

On Wednesday, AJ Bell’s investment director Russ Mould highlighted the UK-specific implications in a detailed press release, noting that the 10-year gilt yield is hovering near 5% for only the third time since 2008 while the 2-year gilt yield comfortably exceeds the Bank of England base rate.

Mould also explained that the gap between the 10-year gilt yield and the FTSE 100 dividend yield has widened to more than one-and-a-half percentage points, making UK equities relatively less attractive.

Elsewhere in Europe, bond yields experienced similar surges.

Germany’s 10-year bund yield increased from 2.65% to around 3%, nearing 15-year highs, while the 2-year note yield climbed from roughly 2% to 2.65%.

In France, the 10-year OAT yield jumped from 3.2% to above 3.7%, approaching 17-year peaks, while the 2-year note yield has risen from 2.1% to over 2.8%.

As for Italy, the 10-year BTP yield was at around 3.3% before the Iran war and has now surpassed 3.9%, approaching two-year highs, while the 2-year note yield has increased from roughly 2.15% to 3%.

In every single one of these bond markets, the yield on the 2-year notes has risen faster than their 10-year counterparts.

The 30 and 20-year bond yields are also all trading higher which denotes deteriorating confidence in the long-term growth prospect of the respective European economies.

US Treasuries face comparable headwinds

Across the Atlantic, US Treasuries have followed a similar trajectory, though the sell-off has been less severe than in the UK for example.

The 10-year note yield has risen from around 3.9% to a peak of 4.4%, reached on Monday, and is currently trading at 4.37%.

Meanwhile, the 2-year note yield increased from 3.35% to a high of over 4%, and it is hovering 3.9% at the time of writing.

The yields on both notes have hit an 8-month high.

Timper’s analysis places US bond performance close to that of the euro area, reflecting broadly comparable inflation histories and policy outlooks. There is scant evidence of investors fleeing European bonds for US Treasuries as a safe-haven trade.

Speaking to Euronews, Timper explained that such shifting flows would be more visible in currency markets as the US dollar benefits from being the predominant denominator for energy exports.

For now the message from bond markets on either side of the Atlantic is consistent, the Middle East conflict has rewritten the near-term outlook for inflation, monetary policy and borrowing costs.

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Cuba aid surge raises questions over motives, who is being helped

Members of the Nuestra America Convoy wave as they arrive at the port in Havana on Tuesday. The convoy, inspired by the Global Sumud Flotilla that delivered humanitarian aid to Gaza in 2025, aims to send a message of political support to Cuba, which has been subject to a U.S. oil embargo since January. Photo by Ernesto Mastrascusa/EPA

March 26 (UPI) — The flow of humanitarian aid to Cuba has increased in recent days with shipments of food, medicine and fuel from governments, regional allies and an international flotilla of activists amid a crisis marked by widespread blackouts and shortages of basic supplies.

However, alongside the arrival of that assistance, a debate has also grown inside and outside the island over its real impact, distribution and motives of some of those behind it.

Mexico provided the most significant shipments, with more than 1,200 tons of food transported on two Navy vessels in mid-March, followed by new cargo announced days later.

Meanwhile, Caribbean countries are preparing additional packages with powdered milk, infant formula, nonperishable food, medical supplies and energy equipment, such as solar panels and batteries. China sent 60,000 tons of rice.

Fuel shipments confirmed by Russian authorities, in an attempt to ease the energy crisis affecting the island, have not arrived and seem to be in limbo because of the U.S. embargo.

Cuba faces a structural deficit in electricity generation — because of a massive shortage of oil — that has led the system to operate under severe pressure, producing barely half of the electricity needed to cover total demand.

The gap between supply and consumption has forced authorities to implement widespread outages to avoid a total collapse, especially during peak hours, causing prolonged blackouts across the country that affect hospitals, transportation, cold chains and daily life.

Seeking to assist, the international flotilla “Nuestra América” arrived in Havana starting Friday. Organizers said they transported more than 20 tons of essential supplies.

The initiative brought together more than 650 participants from 33 countries, including doctors, activists, political figures, artists and digital content creators. Most participants arrived by air, while a vessel arrived Tuesday in Havana. President Miguel Díaz-Canel personally received those aboard.

Organizers of relief missions say Cuba is on the verge of an “imminent humanitarian collapse” and attribute the situation to United States policy, including sanctions and restrictions linked to oil trade.

But inside the island, some Cubans express doubts about the destination of that aid.

“These people come here to benefit the regime in Cuba,” said Berta Solórzano, a resident of Old Havana, in statements reported by Radio Martí.

Activist Yanaisy Curvelo, mother of a political prisoner, expressed an even more direct view:

“They believe in dictators, that’s why it works like this. …. None of those donations go to the people, everything goes to the stores — in MLC [a digital currency created by the Cuban government] or dollars.”

Near the port of Havana, where the relief ship Granma 2.0 docked, a resident identified as Manuel Soria said, “What they came here for is to support the dictatorship of the Castro regime. If it comes under these conditions, then they should not come anymore because we have not seen any help. We have not benefited, what we are is hungrier every day.”

Opposition figure Manuel Cuesta Morúa questioned the convoy’s approach.

“Instead of talking about the conditions and circumstances and the real situation of the country, they decide and dedicate themselves to reviving their utopia,” he said.

He also used a metaphor to describe the situation: “The most powerful image I have was given by [Cuban American] activist [Manolo De Los Santos] Ramallo is that this is like the Titanic. It is like someone playing music on the deck of the ship while it’s sinking.”

Doubts are not limited to opposition sectors. Cuban researcher Elaine Acosta, affiliated with Florida International University in Miami, described the convoy in statements to El País as a political maneuver more linked to elites than to citizen needs, and she warned about the risk of aid diversion.

Egyptian filmmaker Basel Ramsis Labib, with historical ties to Cuba and experience in flotillas to Gaza, questioned the initiative and described it as “ridiculous.”

Cuba is not Gaza,” he wrote, adding that anyone who wants to help can send medicine and food directly, without incurring the high logistical costs of a flotilla.

He said those resources could have been allocated more efficiently to the population and criticized what he described as a component of “egocentrism” and a search for political visibility.

He also questioned the symbolic nature of the initiative, including the name “Granma 2.0,” and warned that some attitudes are “insulting” in the face of food shortages, fuel scarcity and the energy crisis.

“The Cuban people need gasoline, medicine, food and serious reform,” he said.

The controversy was amplified by the participation of international figures and scenes that some considered disconnected from the crisis context.

Irish hip hop group Kneecap performed a concert in Cuba during a blackout, which generated criticism on social media over the contrast between the event and the country’s energy situation.

Another focus of criticism was American political commentator Hasan Piker, who participated in the convoy and said he sought to raise awareness about the effects of United States policy on Cuba. During his visit, he described the country as “incredible” and highlighted the resilience of its population.

His statements were criticized and compared to a disconnect between that discourse and his behavior. Piker came under scrutiny for staying at a luxury hotel and wearing expensive clothing and accessories, prompting comparisons with living standards on the island.

Former Spanish Vice President Pablo Iglesias also became part of the controversy after defending the humanitarian mission from Havana in a video recorded from a five-star hotel, according to posts and analysis shared on social media.

@okdiario_oficial

“Lujo comunista”. Pablo Iglesias y su comitiva de “camaradas” disfrutan del lujo eléctrico en un hotel de cinco estrellas mientras el pueblo cubano se hunde en la absoluta oscuridad. Las imágenes son demoledoras: una capital fantasmagórica, castigada por la miseria energética del régimen, donde el único edificio que brilla con luz propia es el búnker de lujo que aloja a la casta de la izquierda española. Una vez más, la “justicia social” de Iglesias se traduce en aire acondicionado y lámparas de neón para los jerarcas, mientras los ciudadanos de a pie sufren apagones interminables en un país en ruinas. ♬ sonido original – OKDIARIO – OKDIARIO

In that message, he said the situation is “difficult, but not as it is presented from outside.”

The reaction included direct criticism from Cuba. Journalist Ariel Maceo Téllez questioned the legitimacy of such interventions and said Cubans understand their reality better than foreign observers.

In his message, he denounced the coexistence of widespread shortages and the development of luxury tourism infrastructure, noting that many Cubans cannot access those places.

Humanitarian aid to Cuba has increased in volume and visibility, but its impact is conditioned by internal distribution capacity, state control and the persistent energy crisis.

The Cuban Observatory of Human Rights said in its 2025 report that 89% of the population lives in extreme poverty and that 71% has been forced to skip meals due to food shortages.

The real impact of the aid will depend on its ability to effectively reach the population in a scenario of increasingly widespread needs.



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Palestine weekly wrap: West Bank attacks surge, Israel restricts Gaza aid | Gaza News

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Settler attacks, restrictions on aid, and land seizures marked a week that was supposed to be one of celebration for Palestinians. Al Jazeera’s Nida Ibrahim and Tareq Abu Azzoum explain what’s been going on in the occupied West Bank and Gaza.

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EU urges members to start storing winter gas as Iran war causes price surge | Oil and Gas News

War, which saw Iran attack Qatar facility, has caused ‘high, volatile’ gas prices that could hit EU storage projections.

The European Union has urged member states to start early on meeting next winter’s gas storage targets after Iranian attacks on Gulf energy facilities caused prices to surge on global markets.

Energy Commissioner Dan Jorgensen sent a letter Saturday urging the bloc’s members to get to work “as early as possible” in the coming months to “mitigate pressure on prices and avoid [an] end-of-summer rush”, asking them to consider cutting their so-called filling target by 10 percentage points to 80 percent.

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The move came days after Iran attacked Qatar’s Ras Laffan Industrial City complex, which provides about 20 percent of global supplies of liquefied natural gas (LNG). The attack, which came amid the US-Israeli war on Iran, was in retaliation for an Israeli attack on the Iranian South Pars gasfield.

State-owned QatarEnergy said that Iran’s attack on Qatar, which has been targeted throughout the duration of the war, knocked out 17 percent of Doha’s export capacity and would affect exports for up to five years.

The slowdown will mainly harm Asian buyers, including China, Japan, and India, which buy some 80 percent of QatarEnergy’s LNG.

But Europe, which only sources around 9 percent of its LNG from Qatar, will nevertheless be exposed to increased competition, with tanker traffic leaving the Gulf via the Strait of Hormuz throttled by the war.

Natural gas prices in the EU have risen by more than 30 percent since the start of the war on February 28, spiking after Israel’s attack on Iran’s critical South Pars gasfield and subsequent Iranian attack on Qatar’s Ras Laffan.

Jorgensen said that the EU’s gas supply, which has mainly been furnished by the United States since the bloc weaned itself off Russian energy over the Ukraine war, remained “relatively protected at this stage”.

“But, as a net energy importer on global markets, the resulting high and volatile global prices may also impact the EU gas storage projections,” he cautioned.

Jorgensen warned that developments “threaten regional and global security”, urging member states to refill stores early over a longer period.

The EU requirement for member countries to maintain gas reserves at 90 percent of capacity to meet winter heating and power demand underpins the region’s energy security.

Having cut that target by 10 percent, the energy commissioner noted that, in case of “difficult conditions” and a commission assessment, the countries could deviate by up to 20 percent.

Oil prices have also soared since the start of the war by more than 50 percent.

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Portugal travel update issued by FCDO as booking surge due to Iran war

More than 2.5million Brits visited Portugal last year, and it could be even more popular in 2026 due to the Iran conflict

The Foreign, Commonwealth and Development Office (FCDO) has issued updated travel guidance for those heading to Portugal. The update was released today (March 20).

Fresh information has been provided for individuals seeking to remain in Portugal beyond 90 days under exceptional circumstances. The updated guidance states: “If you’re visiting Portugal and need to extend your visa-free stay for exceptional reasons, such as a medical emergency, you must apply to AIMA using their contact form (access is only available to users in Portugal). If you’re in Portugal with a residence permit or long-stay visa, this does not count towards your 90-day visa-free limit.”

It adds: “If you’re in Portugal with a residence permit or long-stay visa, this does not count towards your 90-day visa-free limit.”

For British passport holders, visas aren’t required for short visits to EU nations or Schengen zone countries provided both conditions are met:

Your combined stay within the Schengen zone must not exceed 90 days within any 180-day period. The number of countries visited is irrelevant. The 180-day timeframe continuously ‘rolls over’, reports the Liverpool Echo.

EES

Since October 2025, the European Union has implemented the Entry/Exit System (EES), requiring travellers to provide fingerprints and photographs upon initial entry to or departure from the Schengen zone. It is scheduled to be fully operational by 10 April. However, the system has been plagued by teething problems, resulting in many travellers waiting for hours at airports. Because the system requires non-EU visitors – including Brits – to register their fingerprints and take a photo in person at the border, the additional registration time is already causing massive queues for non-European passengers at airports across the region.

It has caused such disruption that some locations have temporarily suspended its use. The European Commission has suggested that border authorities may pause the new system for up to six hours during peak travel times until September to help ease congestion.

READ MORE: Travel expert Simon Calder warning for anyone with Dubai, UAE or Bahrain flights bookedREAD MORE: Martin Lewis flags ’21-day rule’ for motorists to slash cost of driving

Portugal

More and more Brits are booking flights to Portugal as the conflict in the Middle East continues. Destinations like Cyprus, Turkey, Greece, Egypt, and Dubai are being viewed as increasingly risky, so travellers are opting for safer alternatives like Portugal and Spain.

Bookings to Portugal had increased by 42% over the two weeks to 13 March, according to Thomas Cook – the largest rise in any of the countries they arrange holidays to. It was followed by the Balearic Islands (40 per cent) and the Canary Islands (16 per cent).

TravelSupermarket shared data on online search interest, which it said demonstrates a “clear surge” for European and Atlantic destinations and away from the Middle East.

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Lakers surge late and defeat Rockets for their sixth consecutive win

In their first meeting of the season on Christmas Day, Lakers coach JJ Redick said the Lakers were “punked” by the Houston Rockets and vowed not to let it happen again.

On Monday, the Lakers displayed their toug to hness in a 100-92 win over the Rockets at Toyota Center.

Even when they missed 14 comsecutive shots at one point in the fourth quarter, the Lakers showed their resilience with a gritty defensive effort that kept them in the game. The Lakers scored only 17 points in the fourth, but they held the Rockets to just 12 points en route to their sixth consecutive win.

“They’re a really good basketball team and they make you either play hard and match their physicality, and how they muck the game up, or you can lay down,” Redick said. “And we didn’t lay down tonight. Had a deficit there in the third quarter. Our guys just kept playing.”

Luka Doncic led the Lakers with 36 points, six rebounds and four assists. LeBron James scored 18 points and Austin Reaves had 15 points.

But three big baskets from Deandre Ayton (seven points, 11 rebounds) and a big three-pointer by Marcus Smart (11 points) helped the Lakers open their six-game trip with a win.

Sitting third in the Western Conference, the Lakers (43-25) will take a 1½-game lead over the Rockets (41-26) into their rematch on Wednesday night.

“Obviously, we have another one on Wednesday, but it was a very important game,” said Doncic, who shot 14 for 27 from the field. We’ve been playing very good. Our defense has been pretty good, so just gotta continue that way.”

The Lakers threw double teams at Houston’s Kevin Durant all game, limiting him to 18 points and forcing him into seven of the Rockets’ 24 turnovers.

Durant shot only 16 times yet made eight. He was one for three in the fourth quarter and had just as many turnovers as points (two) in the final 12 minutes. One of those turnovers was on an eight-second violation.

“He’s one of the greatest players we’ve ever seen play,” James said. “Obviously you got to try to show him different looks, try to keep him off-balanced and when he shoots, hope he misses. So, I thought we did a good job of having a game plan but also just switching up our pitches.

“You can’t show a great like that too many of the same coverages throughout the whole game. He’ll get a feel for it.”

Doncic got off to what has become his typical first-quarter starts, scoring 16 points on seven-for-10 shooting. But Houston took a 58-51 lead at halftime after taking control of the boards in the second quarter. The Rockets turned six offensive rebounds into 13 points.

The Lakers also had a hard time scoring, shooting only 32% from the field and 13% (one for eight) from three-point range in the quarter.

After trailing by as many as 10 points in the third quarter, the Lakers surged and took an 83-80 lead heading into the fourth. After what happened in L.A. back in December, the Lakers were determined not to let Houston run away with the game.

After taking an 85-80 lead, the Lakers struggled to find consistent offense until Ayton checked back into the game with 4:52 left. Ayton scored on a tip shot to give the Lakers an 89-88 lead, then scored off a pair of offensive rebounds in the final 90 seconds to help keep the Lakers ahead for good. He finished with six points and five rebounds in the fourth quarter.

“He was amazing,” James said. “I mean, just the fact that he was sitting over there for as long as he did and stayed locked in on the game and came in and finished the game. He was able to get a tip-dunk, a couple of jump hooks around the rim, and a couple of rebounds. He helped us finish the game.”

Note: Lakers backup center Maxi Kleber did not play as he continues to recover from a lumbar back strain. “He’s basically been shut down for five days to sort of heal,” Redick said. “He’s not with us right now, and we hope he’s able to join us later on in the trip.”

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Editorial: Oil, currency surge raises stagflation fears in South Korea

Fuel prices are displayed at a gas station in Seoul, South Korea, 15 March 2026. South Korea implemented a temporary cap system on 13 March to ease soaring fuel prices and reduce the burden on consumers, setting maximum prices for products oil refineries supply to gas stations and distributors. Photo by YONHAP / EPA

March 16 (Asia Today) — This commentary is the Asia Today Editor’s Op-Ed.

International oil prices and South Korea’s currency are rising sharply again as the Middle East conflict intensifies, raising growing concerns that the country could slide into stagflation.

On March 13, global crude prices climbed back above $100 per barrel, while the Korean won weakened beyond 1,500 per U.S. dollar in overnight trading. The simultaneous surge in energy prices and the exchange rate has heightened fears that South Korea could face a worst-case scenario in which economic growth slows while inflation accelerates.

Such developments threaten to derail the government’s economic targets for the year – about 2% growth and inflation in the 2% range – making emergency policy responses increasingly urgent.

Brent crude futures for May delivery closed at $103.14 per barrel, up 2.7% from the previous day. It was the first time Brent crude exceeded $100 since August 2022.

U.S. West Texas Intermediate (WTI) crude futures settled at $98.71 per barrel, approaching the $100 threshold. Meanwhile, Dubai crude, the benchmark most relevant to South Korea’s imports, surged to $123.50 per barrel, up $34.60 from the previous week.

As oil prices surged, investors turned toward the U.S. dollar as a safe-haven asset. The won-dollar exchange rate closed at 1,497.5 won per dollar in overnight trading, up 16.3 won from the regular daytime session. During trading, the rate briefly rose to 1,500.9 won, crossing the psychologically important 1,500 level for the first time in seven trading days.

The twin surge in oil prices and the exchange rate has been driven largely by escalating tensions in the Middle East.

Iran has openly threatened to block the Strait of Hormuz, a critical chokepoint through which about 20% of the world’s crude oil supply passes. Iran’s new supreme leader, Mojtaba Khamenei, declared a prolonged confrontation in his first official statement on March 12, saying Tehran should continue using the possibility of a Hormuz blockade as leverage against the United States and Israel.

Oil prices, which had briefly stabilized after U.S. President Donald Trump suggested the conflict might end soon, surged again following the statement.

Tensions escalated further after the United States launched airstrikes on Kharg Island, Iran’s largest oil export hub, on March 13. Iran retaliated by attacking the Fujairah port in the United Arab Emirates, a key oil-export route that bypasses the Strait of Hormuz, putting global energy supply chains on alert.

Trump has also urged five countries – including South Korea, China and Japan – to dispatch naval vessels to the Strait of Hormuz, pushing regional military tensions to a new peak.

Economic analysts warn the shock could have serious consequences for South Korea’s economy.

The Korea Development Institute (KDI) warned last week that rising oil prices linked to the Middle East conflict would increase inflationary pressure while weakening economic growth.

The Hyundai Research Institute estimated that if oil prices climb to $150 per barrel, South Korea’s economic growth rate could fall by 0.8 percentage points.

The government is considering a supplementary budget of 10 trillion to 20 trillion won ($7.5 billion to $15 billion) and temporary fuel tax cuts. However, these measures would only offer short-term relief.

A more fundamental solution lies in reducing South Korea’s heavy reliance on Middle Eastern crude oil, which accounted for 69% of total imports last year. Diversifying energy sources by expanding imports from countries such as Brazil and Norway should be pursued urgently.

The government must mobilize every available policy tool – including measures to stimulate domestic demand – to prevent what could become the fourth Middle East-driven oil shock from pushing the economy into stagflation.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260315010004332

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