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The Ministry of Finance and Economy of South Korea announced on Thursday that South Korea will significantly expand its temporary fuel tax cut in a bid to ease the financial burden on consumers amid the prolonged conflict in West Asia.Under the latest measures, the tax reduction rate on gasoline will rise from 7 percent to 15 percent, and on diesel from 10 percent to 25 percent, as part of the government’s efforts to support living costs.The measure, which had been set to expire in April, will be extended through the end of May, according to the ministry.As a result, fuel taxes per liter, including value-added tax, will fall by KRW 65 (USD 0.04) to KRW 698 for gasoline and by KRW 87 to KRW 436 for diesel.The decision is aimed at easing the burden of rising oil prices and supporting small and midsize businesses, as well as vulnerable households affected by the prolonged conflict.South Korea first introduced the fuel tax cut in November 2021 as a response to rising energy prices. The government has since extended the measure, adjusting the rates in accordance with changes in the global energy market. Source link
The Japanese government on Thursday started releasing state-held oil to stabilize supplies amid the ongoing US-Israeli war with Iran, as part of the largest-ever drawdown of reserves stockpiled in the country.The release of oil equivalent to 30 days of domestic demand, or around 8.5 million kiloliters, is set to conclude by the end of April and follows the freeing up of 15 days’ worth held by the private sector, which commenced last week.According to Japan’s Kyodo News Agency, there is growing concern about an oil supply shortage in Japan, which relies on the Middle East for over 90% of its crude oil imports, as Tehran has effectively blocked the Strait of Hormuz – a vital waterway for global energy supplies – following the attacks on Iran launched by the US and Israel on Feb. 28.To deal with the energy supply disruption, the Japanese government decided to release about 80 million barrels of oil, equivalent to 45 days’ worth of domestic consumption and 1.8 times the amount released after the massive earthquake and tsunami in 2011 that devastated Japan’s northeast.The average retail price of gasoline in Japan rose to a record-high 190.80 yen per liter in mid-March, with the government resuming state subsidies to bring down the price.While the number of oil tankers arriving in Japan after passing through the Strait of Hormuz has fallen drastically, the chemical sector is also facing difficulties in procuring naphtha, a liquid derived from crude oil that is used to produce ethylene, a raw material for plastics and synthetic fibers. Source link
Brazil’s President Luiz Inacio Lula da Silva (4th left) poses with members of the Air Force in front of a supersonic aircraft during its unveiling ceremony…
Philippine President Ferdinand Marcos Jr speaks during a press conference after declaring a state of national emergency amid rising fuel prices due to the ongoing conflict…
People hold placards as ABC staff and journalists strike outside the national broadcaster’s headquarters in Sydney, Australia, Wednesday.(Reuters) Hundreds of staff at the Australian Broadcasting Corporation began a one-day strike Wednesday, the first walkout in 20 years, over pay and working conditions, disrupting live news coverage at the public broadcaster.Live programming was diverted to content from the UK broadcaster BBC when the strike began at 11:00am (0000 GMT).Flagship programmes on TV and radio were also expected to be replaced by reruns during the 24-hour strike. Journalists and staff walk out of the…
File photo: Bear, an Australian koolie, scanning the Two Thumbs Wildlife Trust Sanctuary for koalas in the Numeralla, Peak View and Nerriga areas of New South…
Belarusian President Alexander Lukashenko and North Korean leader Kim Jong-unn attend a welcome ceremony at Kim Il Sung Square in Pyongyang, North Korea, Wednesday. (Reuters) North Korean leader Kim Jong-un met Belarusian President Alexander Lukashenko in Pyongyang Wednesday with a white-horse cavalry and 21-gun salute, cementing ties between two close allies of Russia’s Vladimir Putin. Kim has provided Moscow with millions of rounds of ammunition for its war in Ukraine and sent troops to help Russia expel Ukrainian forces who invaded its western Kursk region. Lukashenko allowed Belarus to be used as a launchpad for Russia’s invasion in February 2022, and subsequently agreed to host Russian tactical nuclear missiles on its territory, which borders three Nato alliance countries.Kim greeted Lukashenko with an embrace and laid on a lavish welcome ceremony with ranks of soldiers, cavalry and the gun salute after flag-waving children had cheered his arrival at the airport.Lukashenko’s foreign minister, Maxim Ryzhenkov, told Belarusian state media that the two sides would sign a friendship and cooperation treaty during the two-day visit. Current trade was “modest” but there was potential to boost it in sectors including food and pharmaceuticals, he said.Valery Tsepkalo, a prominent exiled opponent of Lukashenko, said there was no substance to the summit beyond a display of solidarity. “There will be no benefit to Belarus from this visit. The same for North Korea. They are just demonstrating that they’re not isolated and they can have a meeting. They don’t have any normal trade,” he told Reuters.North Korea and Belarus have withstood years of external economic pressure: the former is under UN sanctions because of its nuclear and ballistic missile programmes and the latter is subject to Western sanctions over its human rights record and backing for Putin in Ukraine.”The current situation is simply pushing us into each other’s arms. We’re looking for friends. Friends may be far away, but they are very loyal, reliable, and respectful,” Belarusian minister Ryzhenkov was quoted as saying.Despite the isolation of both countries, US President Donald Trump has engaged with their leaders. Trump met Kim three times in 2018 and 2019, during his first term in the White House, but their encounters failed to yield substantive results. Trump said last year he would “love another meeting”, which Kim said could happen if the US dropped its “absurd obsession” with getting North Korea to give up nuclear weapons.Trump last year re-established direct contact with Lukashenko, who had been treated as a pariah by his predecessor Joe Biden. In recent months, the US has begun to ease sanctions on Belarus in return for releases of political prisoners. Lukashenko’s trip to North Korea comes six days after he met Trump’s envoy John Coale and announced the freeing of 250 more detainees. The US side has said Lukashenko may soon visit the White House. …
The UN Human Rights Council (UNHRC) has unanimously ratified a resolution condemning the human rights implications of Iran’s missile and drone attacks on Qatar, the United Arab Emirates, Saudi Arabia, Bahrain, Oman, Kuwait, and Jordan. The resolution, adopted without a vote, was co-sponsored by more than 100 countries.The decision followed an urgent debate convened by the Council in Geneva on Wednesday, during which Qatar’s Her Excellency Permanent Representative to the UN Office in Geneva, Dr Hind Abdulrahman al-Muftah, delivered a robust condemnation of the strikes on behalf of Doha.Qatar described the attacks as a flagrant violation of its national sovereignty and territorial integrity, and a direct breach of the UN Charter’s prohibition on the threat or use of force. Al-Muftah told the Council the debate had been convened under “extremely perilous circumstances,” warning that the ripple effects of Iran’s offensive threatened not only regional stability but the full enjoyment of human rights across the affected nations.She stressed that the strikes — targeting civilians and civilian infrastructure — were in clear violation of international humanitarian and human rights law. Critical facilities struck included airports, ports, energy installations, and water desalination plants. Qatar itself sustained ballistic missile and drone strikes that caused civilian casualties, injuries, and widespread disruption to basic services including water and energy supplies — breaches, she said, of the rights to life, health, education, and safety.HE Al Muftah further warned that attacks on energy and desalination infrastructure carried grave environmental consequences, undermining the right to a clean and sustainable environment. She noted that the most vulnerable — women, children, the elderly, and persons with disabilities — were disproportionately affected, in contravention of international conventions designed to protect them.The Qatari representative also raised alarm over strikes targeting maritime shipping lanes, including the Strait of Hormuz, cautioning that disruption to one of the world’s most critical waterways would have far-reaching consequences for global supply chains, energy security, and the socioeconomic rights of nations worldwide.HE Al-Muftah underscored that Qatar had played no part in the underlying conflict and had not permitted its territory or airspace to be used in any combat operations, making Iran’s targeting of Qatari soil a particularly egregious violation of international law. Qatar, she noted, had consistently pursued dialogue and mediation as its preferred approach to regional disputes.She welcomed UN Security Council Resolution 2817 (2026), which formally condemned Iran’s attacks and determined they constituted a serious threat to international peace and security, and called for effective remedies and full reparations for victims and affected states.Concluding her address, Al-Muftah urged an immediate halt to the escalation and called on all parties to prioritise diplomatic solutions. She appealed to Council member states to back the resolution and reaffirm the international community’s commitment to upholding human rights, halting violations, and ensuring such attacks are never repeated. Related Story Source link
Trump reposts Pakistan talks tweet Iran and Israel traded fresh strikes yesterday even as a fragile diplomatic push gathered pace, with Pakistan emerging as a potential host for talks between Tehran and Washington — and the Pentagon preparing to send thousands of elite American troops to the region. Iran’s atomic energy organisation also accused the US and Israel yesterday of attacking its Bushehr nuclear power plant, saying a projectile had landed within its compound but caused no damage.“The American-Zionist enemy has attacked the Bushehr nuclear power plant site again,” the organisation said in a statement, adding that “a projectile hit inside the enclosure of the Bushehr power plant”. Meanwhile, the US military is expected to deploy soldiers from the 82nd Airborne Division, currently stationed at Fort Bragg, North Carolina, to an unspecified location in the Middle East. The move follows last week’s deployment of thousands of Marines and sailors aboard the amphibious assault ship USS Boxer. Officials, speaking anonymously, stressed that no decision had been taken to send troops into Iran itself, but that the build-up was intended to expand capacity for potential future operations. The three-week-old war, triggered by US-Israeli strikes that killed Iran’s supreme leader, has convulsed global energy markets and destabilised the wider region. — AFP, Reuters To Page 11Israel conducted a “large wave” of air strikes across Iran, including the central city of Isfahan, while Iranian missile fire wounded four people in Tel Aviv, leaving one three-storey building in ruins. Bahrain, Kuwait, the United Arab Emirates and Saudi Arabia all reported intercepting renewed Iranian drone and missile attacks. Against this backdrop, diplomatic efforts intensified. President Donald Trump said on Monday that his administration had held “productive” talks with an unidentified senior Iranian figure — a claim swiftly denied by Tehran. Iran’s parliamentary speaker Mohammad Bagher Ghalibaf insisted that “no negotiations” were under way, accusing Trump of seeking to manipulate oil markets.Iran’s foreign ministry, however, acknowledged that messages had been relayed by “friendly countries” conveying a US request for negotiations. Pakistan’s Prime Minister Shehbaz Sharif moved swiftly to position Islamabad as a peacemaker. After speaking with Iranian President Masoud Pezeshkian, Sharif announced that Pakistan stood “ready and honoured to host meaningful and conclusive talks for a comprehensive settlement of the conflict,” subject to agreement by both Washington and Tehran. Sharif’s tweet was later reposted by Trump. A Pakistani government source said discussions on a meeting were at an advanced stage and if it did happen, “a big ‘if’”, it would take place within a week. Pakistan has long-standing ties to neighbouring Iran and has built a steady relationship with Trump. The US outlet Axios reported that American negotiators Steve Witkoff and Jared Kushner could meet an Iranian delegation in Pakistan as early as this week, with Vice-President J D Vance potentially joining.Oil prices, which had dipped on Trump’s initial diplomatic signals, rebounded with Brent crude back above $100 a barrel. Analysts remain deeply cautious. “Trust has been completely destroyed and the positions of the warring parties are further apart than ever,” said David Khalfa of the Jean-Jaurès Foundation in Paris. “The margin for manoeuvre on both sides is very limited.” Source link
A delivery man transports liquid petroleum gas (LPG) cylinders in Amritsar yesterday. (AFP) Soaring black-market prices of cooking gas in India’s capital are pushing poorer families back to wood and coal, raising health risks and worsening air quality in the highly polluted megacity.India is the world’s second-largest buyer of liquefied petroleum gas (LPG), which is used for cooking and predominantly sourced from the Middle East — and supplies have been strangled by the ongoing war. India’s Prime Minister Narendra Modi has urged states to curb black marketing and avoid panic, stressing that India’s energy supplies remain stable. In the low-income Madanpur Khadar neighbourhood, 36-year-old domestic helper Sheela Kumari says she has been forced to abandon LPG cooking gas cylinders for cooking after prices more than doubled. “We used to buy cylinders for 1,800-2,000 rupees ($19-$21), but now on the black market it has gone up to 5,000 ($53),” she told AFP, nearly as much as she entire monthly salary of 6,000 rupees. “It is unimaginable for us,” she said. “The next best option for us was going back to wood and coal.”Kumari said a 14 kilogramme cylinder lasts only 15-20 days for her family of six, even when they stretch its use out. But she says a 10 kilogramme bundle of firewood, lasting several days, costs 30 rupees ($0.30).“There are health repercussions, and my children cough,” she said. “But tell me a way out?” Her neighbour, 45-year-old Munni Bai, who has asthma, had switched to using an electric cooker as well as biogas from cow dung, to help her breathing. But now she said she was being forced to resume use of alternative fuels. “Gas is too expensive,” she said. “We cannot depend on it — we moved from coal and wood, due to my health issue, but now it is difficult to sustain.” But activists say the problem is more about access.Many migrant workers lack documentation needed for subsidised LPG and rely on informal markets, where hoarding has pushed up prices. “There is no major shortage yet, but hoarding has increased,” said Deepak, who uses only one name, from the Centre for Advocacy and Research (CFAR). “Many migrants depend on black-market cylinders, and prices have gone up two to three times”. New Delhi, and its wider sprawling metropolitan region of 30mn residents, is regularly ranked among the world’s most polluted capitals, due to a deadly mix of emissions from power plants, heavy traffic, as well as the burning of rubbish and crops. For the past decades, India’s government has pushed its “Ujjwala” or “light” clean-energy scheme, to provide over 100mn LPG connections to poor households. Burning wood, coal and biomass indoors exposes families to high levels of smoke and toxic particles, increasing the risk of respiratory illnesses.Women and children, who spend more time near cooking areas, are especially vulnerable. Source link