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North Sea strikes could severely disrupt UK fuel supplies, union warns

More than ⁠160 ​offshore rig workers plan walkout amid rising tensions between unions and oil companies

North Sea workers are preparing to strike at oil rigs across the ageing basin over the coming weeks in a sign of growing tensions between trade unions and oil companies.

The Unite union said on ⁠Monday that more than ⁠160 ​offshore rig workers would take part ⁠in a 24-hour ​strike from Wednesday that could “severely disrupt” UK fuel supplies.

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© Photograph: Martin Langer/Alamy

© Photograph: Martin Langer/Alamy

© Photograph: Martin Langer/Alamy

Saudi Arabia postpones investor conference to 2027 amid Houthi attacks

19 October 2026 at 18:29
Saudi Arabia has postponed its annual Future Investment Initiative conference to 2027 after Iran-backed Houthi forces escalated attacks on the kingdom. The Houthis have launched repeated missile and drone strikes on Saudi territory since a deadly airport attack earlier this month.

Renaissance Capital Raises Dangote Refinery Valuation to ₦700 a Share

19 October 2026 at 18:29
Investment bank Renaissance Capital raised its valuation of Nigeria's Dangote Refinery by 33.4% to ₦700 per share, citing strong earnings over the first nine months of 2026. The upward revision, issued in a statement on Sunday, signals growing investor confidence in Africa's largest oil refinery as it ramps up production.

Visegrad Four Urge Brussels to Ease Russian Energy Phase-Out Rules

19 October 2026 at 18:29
The Visegrad Four — Poland, the Czech Republic, Slovakia and Hungary — have asked Brussels for more funding and flexibility as the EU's 2027 phase-out of Russian energy imports approaches. The bloc warned that high electricity prices across Europe are already straining the transition.

China's EV Export Surge Reshapes Latin America Trade

19 October 2026 at 18:29
A surge of Chinese electric-vehicle and renewable-energy exports is reshaping trade patterns across Latin America. Governments in the region face a choice between importing cheaper Chinese clean technology and shielding domestic manufacturers with tariffs or local-content rules. The dilemma echoes similar trade tensions already under way in Europe and North America.

Major push to save Beira Baixa from Sophia mega solar power plant

19 October 2026 at 15:44

There are only a couple of days left for nature enthusiasts in this country to register their opinions on the ‘revised Sophia photovoltaic solar power plant project’ which has been

The post Major push to save Beira Baixa from Sophia mega solar power plant appeared first on Portugal Resident.

Exclusive: What’s really happening at the Iran-Pakistan border

By: A A
19 October 2026 at 14:43

There’s no way to fight the Empire without bypassing its control of the international financial system.

Join us on Telegram, X, and VK.

Contact us: info@strategic-culture.su

All hell is already breaking loose when it comes to probing what is exactly taking place related to the latest, definitely murky U.S.-linked movements in Pakistani land and sea. After an initial assessment at Transition Protocol – which avowedly did not provide all the necessary answers – we dug deeper into a way more comprehensive examination supported by several sources.

What we are watching across several nodes of extremely sensitive Iran-Pakistan overland connectivity is not a blanket border shutdown; but a surgical, two-track balancing act by Islamabad between Washington’s tremendous financial vise and Tehran’s strategic lifeline.

So here’s where it all stands – compounding the verified record with our latest consultations.

The key point: the regulatory trigger was a banking sanctions move, not just border security.

While provincial officials in Balochistan publicly framed Saturday’s halt at two key nodes, Taftan and Gabd–Rimdan, around security, counterterrorism, and anti-smuggling, what matters most is the exact mechanism around a memorandum issued last Friday by the Pakistani Ministry of Commerce.

That immediately revoked an October 3 extension of the Electronic Import Form (EIF) waiver for goods imported from Iran, and coincided with Islamabad’s instruction to close the Federal Investigation Agency (FIA) immigration gate at Taftan.

What is key is that without the EIF waiver, Pakistani importers must process Iranian purchases through formal Pakistani banking channels – which U.S. sanctions, of course, make absolutely impossible.

Peyman Sanandaji, head of the Transportation Commission at the Tehran Chamber of Commerce, confirmed on the record that it is banking sanctions compliance (ditching the EIF) that halted Iranian exports into Pakistan.

The immediate shock at the formal gates was quite something: more than 4,000 tons of daily Iranian LPG imports through Gabd–Rimdan are at risk. Former Quetta Chamber of Commerce president Ayoub Miryani reported that over 2,000 containers are stranded at Gabd–Rimdan alone, with hundreds more freight trucks backed up at Taftan.

So why is this happening now? Because of the nasty convergence between the October 7 IMF tranche Pakistan had to pay, and the imperial U.S. Treasury “Operation Economic Outcast”.

Under Operation Economic Outcast, Washington gave third countries a “defined timeline to shut down” Iran-related commercial lifelines or face expulsion from the U.S. financial system. That was followed by OFAC’s October 1 designations against Iran’s overland rail and industrial networks and October 8 actions against 17 shadow-fleet tankers.

But then, on October 7 – only nine days before the Ministry of Commerce revoked the EIF waiver – Islamabad reached an agreement with the IMF on the Fourth Review of its Extended Fund Facility to unlock $1.21 billion. That still requires IMF Executive Board approval.

Of course there is no public document showing a direct U.S. or IMF order to close Iran-Pakistan borders. But sources in Islamabad stressed that leaving an open-ended banking-instrument waiver on the books ahead of the IMF Board vote had become an untenable sanctions vulnerability for Pakistan.

Islamabad sources are adamant that the move was paired with genuine counter-sabotage concerns and quietly coordinated between Islamabad and Tehran (italics mine) so the pause would not rupture bilateral ties.

Iranian Foreign Ministry spokesperson Esmaeil Baghaei publicly called the disruption a temporary pause due to “technical issues” and “precautionary measures”.

Pakistani official sources, for their part, insisted that the tightened controls are a joint counterterrorism measure reflecting “mutual understanding” with Tehran after a spike in Sistan-Balochistan attacks; highway ambushes; and an October 11 maritime attack on Pakistan Coast Guard boats off Jiwani – which Pakistani officials attributed to “foreign actors” seeking to sabotage Pakistan’s mediation of the Iran peace deal.

Back to the same old pattern of Salafi-jihadis weaponized and manipulated by the usual suspects.

The only publicly confirmed telephone call between Deputy Prime Minister Ishaq Dar and Foreign Minister Abbas Araghchi took place on Sunday, October 18 – two days after the October 16 memorandum – and its official readouts mention only regional diplomacy and the Baghdad OIC meeting.

So prior coordination at the Dar–Araghchi Foreign Minister level and specific sabotage arrests therefore are part of our own reporting.

Asymmetric food exports and informal routes

In a nutshell, stuff is still moving across borders. Islamabad deliberately left alive Pakistani perishables and food exports to Iran. Essential perishables – including tomatoes, potatoes, and onions – continue to move, alongside traditional oil and fuel flows across the porous 909-km border.

The regulatory record explains why: 8 months ago, Pakistan enacted a separate banking-instrument waiver specifically for 10 food exports to Iran by land (explicitly listing rice, potatoes, onions, tomatoes, meat, and fruit) plus pharmaceuticals.

Tehran’s Chamber of Commerce confirmed this past Saturday that while Iranian exports to Pakistan are stalled by the EIF rule, imports from Pakistan into Iran are continuing, and informal fuel and border trade across Balochistan already operates at an estimated $800 million to over $1 billion annually outside formal customs.

Special attention should be placed on the ports of Gwadar and Karachi, and the overall China–Iran Transit Architecture. Third-country and China-Iran transit through Pakistan, according to our sources, remains protected.

On a legal level, a document detailing Pakistan’s transit of goods established six designated overland transit corridors linking Gwadar, Karachi, and Port Qasim to Gabd and Taftan for third-country cargo bound for Iran under a bank guarantee.

And a Federal Board of Revenue’s notification this past June formally designated Taftan railway station as a Land Customs Station, with Iranian and Pakistani ministers pitching the rail corridor to link China to Iran and Europe.

However, two very complicated operational constraints remain in place.

The Quetta-Taftan rail modernization is still listed officially as a planned upgrade; and OFAC’s October 1 designation of the Islamic Republic of Iran Railway Company (RAI) was explicitly designed to choke Tehran’s shift from blockaded sea lanes to rail.

To sum it all up: it takes supreme skill to face The Empire of Piracy. Islamabad has executed a classic, calibrated maneuver: visibly revoking the formal EIF import waiver at Taftan and Gabd–Rimdan to insulate its pending $1.21 billion IMF tranche and Pakistani banks from U.S. Treasury secondary sanctions.

And all the while keeping Pakistani food exports, informal border valves, and third-country transit frameworks alive with Tehran.

Whether this remains a brief administrative reset or hardens into a longer choke point will be decided by three indicators over the next fortnight:

  1. A modified EIF or barter notification from the Commerce Ministry.
  2. Separate customs clearance for Gwadar/Karachi transit cargo.
  3. Documented freight movements across the Taftan–Zahedan rail link.

May the lesson be imprinted on rare earths for the whole Global South to ponder: there’s no way to fight the Empire without bypassing its control of the international financial system.

Africa’s LNG boom giving Asia an alternative to Hormuz

19 October 2026 at 14:25

When the Iran war closed the Strait of Hormuz earlier this year, about 20% of the world’s liquefied natural gas supply stopped flowing almost overnight. Roughly 90% of the LNG that moves through the strait goes to Asia, so the continent has absorbed the worst of it. Gulf producers have had few good responses. Saudi […]

The post Africa’s LNG boom giving Asia an alternative to Hormuz appeared first on Asia Times.

'Extremely unpleasant experience' — Why Kyiv faces growing risk of sewage crisis this winter

19 October 2026 at 14:13
As regular Russian strikes on energy facilities leave parts of Kyiv without running water, fears are mounting that further power outages could spark a serious humanitarian and public health crisis in Kyiv.

Qatar LNG Cargo Makes Rare Red Sea Journey to Get Gas to Europe

19 October 2026 at 11:50
A carrier loaded with Qatari liquefied natural gas is sailing north through the Red Sea, potentially speeding up delivery to European customers with a rare transit through waters vulnerable to renewed attacks from Houthi rebels.

US Warns Argentina Its Falklands Sanctions Bill Could Hit American Firms

19 October 2026 at 10:28
The United States has told Argentine President Javier Milei's government it is concerned that a bill toughening sanctions over resource exploitation in the Falkland Islands could also reach American companies. The concern was conveyed as Argentina's Congress considers the National Sovereignty Defence bill, according to unnamed Washington officials cited by the newspaper Clarín.

Oil slips from 5-month high as Trump’s Russia sanctions waiver may bring more supplies

19 October 2026 at 07:50
SINGAPORE: Oil prices slipped from a five-month high on Monday as ​investors took profits after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more ‌Russian fuel exports. Brent crude futures fell $2.29, or 2.08 percent, to $107.57 a barrel by 09:19 a.m. Saudi time after settling at its highest since May 19 on Friday. US West Texas Intermediate crude was at $99.46 a barrel, down $1.95, or 1.92 percent, after closing at its highest since September 17 on Friday. T

Minns accused of bypassing high court ruling with laws to allow NSW mine to increase coal production by 32%

Bill to authorise production expansion at Mount Pleasant coalmine, subject to a landmark high court decision, criticised as ‘legislative overreach’

The Minns government says it will introduce special legislation to allow a mine in the New South Wales Hunter Valley that was the subject of high court proceedings to increase its coal production by 32% per year.

The premier, Chris Minns, said the bill would authorise MACH Energy to increase the annual coal output at its Mount Pleasant coalmine by 4m tonnes to 16.5MT per year until 2032. He claimed it was necessary to save 400 jobs at the site before Christmas.

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© Photograph: Jessica Hromas/The Guardian

© Photograph: Jessica Hromas/The Guardian

© Photograph: Jessica Hromas/The Guardian

Brent crude holds near $109 as Ukraine hits Russian oil sites, Hormuz tankers attacked

19 October 2026 at 02:23
Brent crude held near $109 a barrel after Ukraine's drone strikes set fire to an oil terminal and depot in St. Petersburg, Russia. A separate rise in tanker attacks near the Strait of Hormuz added to global supply concerns.

Turkey Will Get Some Diesel From US-Russia Supply Deal

18 October 2026 at 23:02
ANKARA, Oct 18 (Reuters) – Turkey will take some of the diesel Russia is supplying to global markets under its agreement with US President Donald Trump, Energy Minister Alparslan Bayraktar said on...
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