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Explained: US Move To Choke Iran Oil Exports And Impact On World Supply

The US said on Monday that unauthorised vessels entering or leaving the blockade would face "interception, diversion, and capture".

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Middle East crisis live: Trump says Iran talks could resume ‘over next two days’; Lebanon and Israel enter negotiations

US president says the country is ‘inclined’ to go to Pakistan for more talks; Israel and Lebanon enter direct negotiations in Washington for the first time since 1990sUS starts naval blockade of Iranian ports after deadline passesSouth Korean president Lee Jae Myung has said rising tensions around the strait of Hormuz make it hard to be optimistic about the fallout from the Iran war, warning that high oil prices and supply-chain strains are likely to persist for some time.Lee told a cabinet meeting on Tuesday the government should treat prolonged disruption in global energy and raw materials markets as a given and reinforce its emergency response system.For the time being, difficulties in global energy and raw materials supply chains and high oil prices will continue … I ask that we pursue the development of alternative supply chains, medium- to long-term industrial restructuring, and the transition to a post-plastic economy as top-priority national strategic projects.”Lebanon and Israel have been at war in some form since the early 1980s. You’re not allowed to enter Lebanon if you have an Israeli stamp in your passport. The two don’t have diplomatic relations. So the fact that these talks are happening directly between the two governments is something that’s really astonishing. Continue reading...

US-Iran peace talks could resume in next two days, Trump says

US president says negotiations could restart in Islamabad under ‘fantastic’ Pakistani army chief Asim Munir• Middle East crisis – live updatesDonald Trump has said that US-Iranian peace talks could resume in Islamabad over the next two days, and complimented the work of Pakistan’s army chief as mediator.The US president was speaking on Tuesday to a New York Post reporter who had gone to Islamabad for the first round of ceasefire talks over the weekend. After an interview discussing prospects for negotiations, the reporter said the president called her back “with an update”. Continue reading...

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China now AI’s ‘good guy’ as US takes a ‘wild west’ approach, MPs told

Experts point to Chinese backing for multinational attempts to introduce global governance of AIChina is now the “good guy” on AI rather than Donald Trump’s US where the technology is being pursued in a dangerous “wild west” manner, a former UN and UK government adviser has told MPs.Prof Dame Wendy Hall, who was a member of the UN’s AI advisory board and co-wrote a review of AI for Theresa May’s government, told the House of Commons business and trade committee that China was backing multinational attempts to introduce global governance of AI in contrast to America, which had set up a race between profit-hungry companies that relied on hype. Continue reading...

South East Water chief executive to forgo his bonus over ‘unacceptable outages’

David Hinton will receive only his £400,000 salary this year after thousands of customers were left without waterThe chief executive of South East Water has said he will forgo his bonus in an act of penitence for “unacceptable outages” that left thousands of customers in Kent and Sussex without water.David Hinton told MPs on the environment, food and rural affairs select committee that he had decided not to accept an additional “performance payment” this year. Instead, he will receive only his £400,000 salary. Continue reading...