Can the IEA put a lid on the price per barrel by releasing oil stockpiles?
Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices
IEA poised to call for largest ever release of stockpiled oil to reduce price
How the Iran conflict could affect energy prices – video explainer
When the global economy was still in the grip of the devastating 1970s oil crises, exposing the chokehold exerted by a few important oil states, the International Energy Agency (IEA) was created, in the hope of limiting future shocks.
Almost half a century on, the IEA’s 32 members have drawn up plans to hit the emergency button, for only the fifth time in its history.
Continue reading...Mojtaba Khamenei was hurt in strike that killed his father, Iran’s Cyprus ambassador confirms
Alireza Salarian says Iran’s new supreme leader was lucky to survive strike that killed six of his family members
Iran’s new supreme leader, Mojtaba Khamenei, was injured in the 28 February attack that killed six of his family members, including his father, Tehran’s ambassador to Cyprus has confirmed.
In an interview conducted at his embassy compound in Nicosia, Alireza Salarian elaborated on the circumstances in which Khamenei, 56, was injured, saying he was lucky to survive the strike, which levelled the late ayatollah’s residence.
Continue reading...EU and UK demand Israel stop surge in West Bank settler violence since Iran war
Argentina grants asylum to Brasília rioter in move that may sway Brazil vote
Decision to shield pro-Bolsonaro truck driver sentenced for 8 January 2023 attack could inflame Brazil election politics
Argentina has granted asylum to a Brazilian fugitive convicted for his role in 2023 pro-Bolsonaro riots – a decision that analysts say could reverberate in Brazil’s upcoming presidential election.
A week after Luiz Inácio Lula da Silva, Brazil’s president, took office, hundreds of people ransacked Brazil’s congress building, presidential palace and supreme court on 8 January 2023, in an attempt to overturn former president Jair Bolsonaro’s electoral defeat. Investigators later concluded the attacks were the culmination of a broader plot aimed at staging a coup.
Alongside Bolsonaro and members of his inner circle, who were convicted for their role in the plot, hundreds of rioters were given sentences of up to 17 years in prison for vandalism and insurrection. Dozens fled to Argentina after Javier Milei, a rightwing libertarian, took office in December 2023.
In 2024, Brazil requested the extradition of 61 of its citizens. Argentine federal police arrested five of them, and in December, a federal judge ordered their extradition.
But this week, one of them – Joel Borges Correa, 47, was informed that Argentina’s refugee commission (Conare) – which operates under the security ministry – ruled that he should be granted asylum.
Borges Correa had applied for asylum in 2024, one of 196 Brazilians who sought refugee status in Argentina that year, according to official data. In his testimony, he said he had gone to the government buildings carrying a Brazilian flag to protest against “Lula’s projects in favour of abortion and the legalisation of drugs” – policies that have not been enacted. He was arrested inside the Planalto presidential palace, the president’s official workplace, and later sentenced to 13 years and six months in prison.
In April 2024, attempting to avoid arrest, Borges Correa cut off his ankle monitor and drove to the Argentine border with three other convicted fugitives. Conare concluded that Borges Correa faced discrimination and persecution because of his political opinions, which it said could be “inferred from his participation in the mobilisation on 8 January”, and that the “Brazilian state is the main persecuting agent”.
“There is a very evident human rights issue, a matter of political persecution,” said Pedro Gradin, Borges Correa’s lawyer. “With asylum granted, he will regularise his immigration status. Now they must release him and remove his ankle monitor so that he can live his life like any other citizen.”
Teenage boy arrested after girl allegedly stabbed at Norwich school
Police say 16-year-old being questioned and teenage girl taken to hospital with minor injuries
A 16-year-old boy has been arrested after a teenage girl was allegedly stabbed at a school in Norwich.
Police were called to the school in Thorpe St Andrew, in the east of the city, at 10.24am after reports that a teenage girl had been stabbed. Emergency services attended the scene, including firefighters and paramedics.
Continue reading...Trump tells Axios war in Iran will end soon, ‘practically nothing left’ to target – Reuters
- Trump tells Axios war in Iran will end soon, 'practically nothing left' to target Reuters
- Live Updates: Trump vows to end war soon as Iran hits ships, threatens banks, and toll on U.S. forces emerges CBS News
- Trump news at a glance: Trump says war is won but ‘we don’t want to leave early’ as oil prices rise again The Guardian
- Trump says Iran war to end ‘soon’ as Israel claims no time limit Al Jazeera
- Trump Directs War With the Markets Top of Mind The New York Times
Payman, Thorpe and Faruqi demand Labor change parliamentary rules to counter ‘overt’ racism
Exclusive: independent and Greens senators ask president to set up inquiry and anti-racism training for politicians to prevent bigotry ‘corroding democracy’
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Increasingly ugly abuse in federal parliament has prompted a group of independents and the Greens to call for an urgent intervention from Labor to change the rules, warning that allowing racism and bigotry to “fester” is corroding democracy.
Guardian Australia can reveal independents, Fatima Payman and Lidia Thorpe, and the Greens’ Mehreen Faruqi are demanding Senate president Sue Lines take the problem seriously with a new inquiry and mandatory anti-racism training for politicians.
Continue reading...‘Naming them is not justice’: robodebt victims feel let down by findings of corruption watchdog
Nacc report into unlawful scheme found two senior public servants engaged in corrupt conduct but declined to refer them for charges in what victims call a ‘massive letdown’
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The mother of a robodebt victim who took his own life says she feels “sheer frustration” at the findings of a report on potential corruption related to the unlawful income averaging scheme.
Wednesday’s release of a 445-page report from the National Anti-Corruption Commission examined the actions of five former public servants and the former prime minister Scott Morrison. The report found two senior public officials to have engaged in corrupt conduct, but they will not be referred for charges.
Continue reading...Australian governments subsidising fossil fuel use by more than $30,000 a minute, analysis finds
Australia Institute data finds state and federal subsidies for coal, gas and oil products increased 10% in past year, growing at a faster pace than funding to NDIS
Australian federal and state government subsidies that encourage fossil fuel use and help drive the climate crisis will reach $16.3bn this year after leaping by nearly 10%, according to a new analysis.
It found federal and state governments will pay or forgo the equivalent of $31,020 each minute in 2025-26 to subsidise companies producing and using coal, gas and especially oil, mostly in the form of diesel.
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Continue reading...US inflation stayed flat at 2.4% in February before effects of war on Iran kicked in
Effect of war on prices not reflected in data, as Trump says only ‘fools’ would think oil price shocks would be significant
US inflation stayed flat at 2.4% in February, according to government data released Wednesday that provides a snapshot of the US economy before it was thrown into a tailspin by the US-Israel conflict with Iran.
The levelling comes after prices swung last year, reaching a four-year low in April before shooting back up in September. In late fall, inflation crept down again, reaching 2.4% in January.
Continue reading...Thousands of pets being abandoned in Dubai as owners flee over Iran war
RSPCA say animals could become ‘hidden victims’ of conflict as charities in Gulf city report being overwhelmed
Thousands of pets are being abandoned in Dubai as their owners flee the Middle East because of the Iran war, animal charities have said.
The RSPCA said pets of fleeing UK nationals could become “hidden victims” of the conflict as people who had relocated to the Gulf city scramble for an exit and struggle to bring their animals.
Continue reading...Tornadoes hit Illinois, Indiana and Texas as severe storms sweep US
Two people killed in Indiana as officials warn millions from Texas to Michigan remain at risk of severe weather
A series of tornadoes hit parts of Texas, Illinois, and Indiana late Tuesday and overnight, as forecasters warn that the threat of severe weather, including flooding, will continue on Wednesday for tens of millions of people from Texas to Michigan.
At least four tornado touchdowns were reported in eastern Illinois, the National Weather Service (NWS) said, leaving a trail of damage stretching into Indiana, where at least two people were killed.
Continue reading...At least 65 Nigerian soldiers killed in jihadist raids in country’s north-east
Gunmen from Islamic State West Africa Province overran four military bases and abducted 300 civilians, say reports
At least 65 Nigerian soldiers have been killed in jihadist raids across the country’s north-east in the last two weeks, as the west African state battles to contain one of the world’s deadliest terror groups.
On 5 and 6 March, gunmen from Islamic State West Africa Province (Iswap) overran four military bases in Borno state, the epicentre of the insurgency. Nigerian daily the Punch reported that about 40 soldiers were killed in total in these attacks.
Continue reading...Nearly 4,000 US meatpacking workers to strike at plant run by top Trump donor
Workers at JBS USA to strike Monday in what will be the first labor strike in the meatpacking industry in decades
About 3,800 workers at JBS USA, the world’s largest meat producer, are set to strike on Monday in what will be the first labor strike in the industry in decades.
The walkout threatens to put further strain on US meat prices – ground beef prices soared 15% last year – and could prove a headache for the Trump administration as it struggles with poor polling on cost of living issues.
Continue reading...Russia and oil exporters are winning the Iran war – Axios
- Russia and oil exporters are winning the Iran war Axios
- Steve Rosenberg: Russia seeks diplomatic and economic gains from Iran war BBC
- Why Vladimir Putin may be the big winner in Trump's Iran war NBC News
- Russian oil price used for taxation exceeds budget target, helping state coffers Reuters
- As Iran War Pushes Up Oil Prices, Putin Can Barely Conceal a Smirk WSJ
‘The repression machine is still deployed’: Exclusive testimony from a Tehran resident – France 24
- ‘The repression machine is still deployed’: Exclusive testimony from a Tehran resident France 24
- 'What if we're left with ruins?': Doubts creep in for Iranians who supported war BBC
- In Tehran, hope for change turns to panic: 'They are turning the country into ruins' NBC News
- ‘Our hearts were shaking’: Tehran endures night of heavy Israel, US bombing Al Jazeera
- Iranians rethink the price of regime change Financial Times
Police investigating Swiss bus fire that killed six say no evidence of terrorist motive
Investigators suspect fire was result of deliberate act after reports that someone onboard doused themselves in petrol
Police investigating a bus fire that killed at least six people in western Switzerland have said they suspect a deliberate act by a person onboard but so far have not found any evidence of a terrorist motive.
The vehicle, operated by a service that transports passengers and mail, went up in flames on Tuesday evening in Kerzers, a town of about 5,000 people about 12 miles (20km) west of the capital, Berne, in the canton of Fribourg.
Continue reading...The IDF Damages Tehran’s Golestan Palace: ‘It’s Like Striking the Taj Mahal’ – Haaretz
- The IDF Damages Tehran's Golestan Palace: 'It's Like Striking the Taj Mahal' Haaretz
- World Heritage Sites Hit in Airstrikes on Iran The New York Times
- Dismay as ancient heritage sites across Iran damaged in US-Israel bombing The Guardian
- UNESCO fears for fate of historical sites during Iran war Reuters
- The World’s Shared Past Under Threat: Cultural Heritage at Risk in Iran Military.com