Live Updates: Trump says Israel, Lebanon agree to ceasefire as Iran keeps Strait of Hormuz gridlocked
Europe has “maybe 6 weeks or so (of) jet fuel left,” the head of the International Energy Agency said Thursday in an interview with The Associated Press, warning of possible flight cancellations “soon” if oil supplies remain blocked by the Iran war.
IEA Executive Director Fatih Birol painted a sobering picture of the global repercussions of what he called “the largest energy crisis we have ever faced” stemming from the pinch-off of oil, gas and other vital supplies through the Strait of Hormuz.
“In the past there was a group called ‘Dire Straits.’ It’s a dire strait now, and it is going to have major implications for the global economy. And the longer it goes, the worse it will be for the economic growth and inflation around the world,” he said.
The impact will be “higher petrol (gasoline) prices, higher gas prices, high electricity prices,” Birol told AP.
Economic pain will be felt unevenly, with some countries “hit worse than the others,” he said, naming Japan, Korea, India, China, Pakistan and Bangladesh as being on the front line of the energy crisis.
“The countries who will suffer the most will not be those whose voice are heard a lot. It will be mainly the developing countries. Poorer countries in Asia, in Africa, and in Latin America,” he said.
“Then it will come to Europe and the Americas,” he added, speaking from his Paris office looking out over the Eiffel Tower.
If the Strait of Hormuz isn’t reopened, he said that for Europe, “I can tell you soon we will hear the news that some of the flights from city A to city B might be canceled as a result of lack of jet fuel.”
#Live #Updates #Trump #Israel #Lebanon #agree #ceasefire #Iran #Strait #Hormuz #gridlockedWar, Iran, Israel, Ceasefire, Donald Trump, Lebanon, Middle East, Oil and Gas, Benjamin Netanyahu, Strait of Hormuz
Europe has “maybe 6 weeks or so (of) jet fuel left,” the head of the International Energy Agency said Thursday in an interview with The Associated Press, warning of possible flight cancellations “soon” if oil supplies remain blocked by the Iran war.
IEA Executive Director Fatih Birol painted a sobering picture of the global repercussions of what he called “the largest energy crisis we have ever faced” stemming from the pinch-off of oil, gas and other vital supplies through the Strait of Hormuz.
“In the past there was a group called ‘Dire Straits.’ It’s a dire strait now, and it is going to have major implications for the global economy. And the longer it goes, the worse it will be for the economic growth and inflation around the world,” he said.
The impact will be “higher petrol (gasoline) prices, higher gas prices, high electricity prices,” Birol told AP.
Economic pain will be felt unevenly, with some countries “hit worse than the others,” he said, naming Japan, Korea, India, China, Pakistan and Bangladesh as being on the front line of the energy crisis.
“The countries who will suffer the most will not be those whose voice are heard a lot. It will be mainly the developing countries. Poorer countries in Asia, in Africa, and in Latin America,” he said.
“Then it will come to Europe and the Americas,” he added, speaking from his Paris office looking out over the Eiffel Tower.
If the Strait of Hormuz isn’t reopened, he said that for Europe, “I can tell you soon we will hear the news that some of the flights from city A to city B might be canceled as a result of lack of jet fuel.”
![Cuban president vows defense of island if US invadesCuban President Miguel Diaz-Canel on Thursday said, “We don’t want that [confrontation] but it is our duty to be ready to avoid it… and if it were unavoidable, to win it.”
Diaz-Canel made the remarks in Cuba‘s capital Havana during a ceremony marking the 65th anniversary of the US‘s failed 1961 Bay of Pigs invasion — a CIA-backed operation launched after US-owned properties and businesses on the island were nationalized by Fidel Castro and his fellow revolutionaries.
Diaz-Canel told thousands gathered for the event that the nation is “ready” for another attack as US President Donald Trump continues to threaten the tiny southern neighbor.
Cuba faces economic collapse as US oil blockade hits tourismTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video
Cuba and the US: A long and contentious history between neighbors
The US and Cuba have been archenemies since the country’s 1959 revolution and Trump has breathed new life into the 1823 Monroe Doctrine, a US policy designed to thwart European meddling in the Western Hemisphere.
Late last year, Trump ordered US warships to the Caribbean to sink what the US has described as drug smuggling boats in the region.
In January, Trump cited the policy when the US military arrested Venezuelan leader Nicolas Maduro and extradited him to the US to stand trial on drug trafficking charges.
After Maduro’s abduction, Trump ordered a blockade of oil and gas to Cuba and began threatening that “Cuba’s next.”
After launching a war against Iran on February 28, Trump has again floated the idea of “taking” Cuba, which has also suffered massive nationwide blackouts as a result of the US oil blockade.
Diaz-Canel: ‘Cuba is a besieged state’
In his Thursday remarks, Diaz-Canel called the current situation “very grave,” yet he also drew on the Socialist ideals espoused by Fidel Castro at the start of the Cuban revolution.
Further, he rejected Trump’s claims that Cuba is “a failing nation,” accusing the US of looking for a pretext for action.
“Cuba is not a failed state. Cuba is a besieged state,” said Diaz-Canel. “Cuba is a state facing multidimensional aggression: economic warfare, an intensified blockade and an energy blockade.”
Recently, talks between both sides — designed to reduce tensions — have been ongoing, yet few details have emerged.
The trade embargo that the US placed on Cuba in response to its revolution remains in place nearly 70 years later.
Is Donald Trump going to take on Cuba next?To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video
Edited by: Wesley Dockery
#Cuban #president #vows #defense #island #invades](https://i2.wp.com/static.dw.com/image/76815467_6.jpg?ssl=1 "Cuban president vows defense of island if US invadesCuban President Miguel Diaz-Canel on Thursday said, “We don’t want that [confrontation] but it is our duty to be ready to avoid it… and if it were unavoidable, to win it.”
Diaz-Canel made the remarks in Cuba‘s capital Havana during a ceremony marking the 65th anniversary of the US‘s failed 1961 Bay of Pigs invasion — a CIA-backed operation launched after US-owned properties and businesses on the island were nationalized by Fidel Castro and his fellow revolutionaries.
Diaz-Canel told thousands gathered for the event that the nation is “ready” for another attack as US President Donald Trump continues to threaten the tiny southern neighbor.
Cuba faces economic collapse as US oil blockade hits tourismTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video
Cuba and the US: A long and contentious history between neighbors
The US and Cuba have been archenemies since the country’s 1959 revolution and Trump has breathed new life into the 1823 Monroe Doctrine, a US policy designed to thwart European meddling in the Western Hemisphere.
Late last year, Trump ordered US warships to the Caribbean to sink what the US has described as drug smuggling boats in the region.
In January, Trump cited the policy when the US military arrested Venezuelan leader Nicolas Maduro and extradited him to the US to stand trial on drug trafficking charges.
After Maduro’s abduction, Trump ordered a blockade of oil and gas to Cuba and began threatening that “Cuba’s next.”
After launching a war against Iran on February 28, Trump has again floated the idea of “taking” Cuba, which has also suffered massive nationwide blackouts as a result of the US oil blockade.
Diaz-Canel: ‘Cuba is a besieged state’
In his Thursday remarks, Diaz-Canel called the current situation “very grave,” yet he also drew on the Socialist ideals espoused by Fidel Castro at the start of the Cuban revolution.
Further, he rejected Trump’s claims that Cuba is “a failing nation,” accusing the US of looking for a pretext for action.
“Cuba is not a failed state. Cuba is a besieged state,” said Diaz-Canel. “Cuba is a state facing multidimensional aggression: economic warfare, an intensified blockade and an energy blockade.”
Recently, talks between both sides — designed to reduce tensions — have been ongoing, yet few details have emerged.
The trade embargo that the US placed on Cuba in response to its revolution remains in place nearly 70 years later.
Is Donald Trump going to take on Cuba next?To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video
Edited by: Wesley Dockery
#Cuban #president #vows #defense #island #invades")
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