Tuesday, March 31, 2026

Israeli EVIL death penalty for Palestinians




Hundreds rally in West Bank against Israeli death penalty for Palestinians

Civil society and unions join families at protests as EU voices are ‘concerned’ about Israel’s law targeting Palestinian prisoners


Protesters in Ramallah in the Israeli-occupied West Bank on March 31, 2026, rally against a bill approved by Israel's parliament that would allow the execution of Palestinians convicted of killing Israelis [AFP]



By Al Jazeera Staff and Anadolu
Published On 31 Mar 2026


Hundreds of Palestinians have protested across the occupied West Bank to denounce the passage of an Israeli law approving the use of the death penalty against Palestinians convicted of deadly attacks.

The demonstrations on Tuesday were staged in several cities – including Ramallah, Tubas, Nablus and Jenin in the north and Hebron in the south – after calls by prisoner advocacy groups.

The Palestinian news agency Wafa said Palestinian prisoner advocacy groups and national factions staged a sit-in in the courtyard of the International Committee of the Red Cross headquarters in el-Bireh.

Participants displayed photographs of dozens of prisoners who have died in custody over the decades, Wafa added.


Palestinians protest outside the Red Cross offices in Ramallah in the West Bank on March 31, 2026 [AFP]


The protest drew a broad crowd, including families of prisoners, senior members of the Fatah party, civil society organisations, trade unions and women’s groups.

More than 9,500 Palestinians are held in Israeli prisons, including 350 children and 73 women. Palestinian and Israeli human rights groups say detainees face torture, starvation and medical neglect, leading to dozens of deaths.

Israel’s Knesset passed the death penalty legislation on Monday evening in a 62-48 vote.

Israeli Prime Minister Benjamin Netanyahu voted in support of the law.


European condemnation

Human rights organisations and Palestinian officials have denounced Israel’s approval of the legislation allowing the death penalty for Palestinians convicted of lethal attacks, arguing that it breaches international law and is fundamentally discriminatory because it does not apply equally to Israeli convicts.

The human rights group Amnesty International called on Israeli authorities to repeal the law, which it described as “a public display of cruelty, discrimination and utter contempt for human rights”.

“For years, we have seen an alarming pattern of apparent extrajudicial executions and other unlawful killings of Palestinians – with the perpetrators also enjoying near-total impunity,” Erika Guevara-Rosas, Amnesty’s senior director for research, advocacy, policy and campaigns, said in a statement.

“This new law which allows for state-sanctioned executions is a culmination of such policies.”



Israel death penalty law ‘designed only for Palestinians’, warns Adalah


A European Union spokesperson said passage of the legislation is “very ⁠concerning”.

“We call on Israel to abide by its previous principled position, its obligation under international law and its commitment ⁠to democratic principles,” he ⁠said.

Germany said it could “not endorse” the new law. “The German government views the law passed yesterday with great concern,” government spokesman Stefan Kornelius said in a statement.

“The rejection of the death penalty is a fundamental principle of German policy,” he said, also warning that “such a law would likely apply exclusively to Palestinians in the Palestinian territories”.

In a similar condemnation, Spanish Prime Minister Pedro Sanchez called the legislation a “step towards apartheid”.

“It is an ⁠asymmetrical measure that would not apply to Israelis committing the same crimes. Same crime, different punishment. It’s another step towards apartheid. The world cannot ⁠stay silent,” Sanchez wrote on X.

Under the law, executions would be carried out by hanging by prison guards appointed by the Israeli Prison Service. Those involved would have anonymity and legal immunity.

The legislation also mandates transferring the Palestinians sentenced to death to special detention facilities and restricting their visitors to authorised parties. Meetings with lawyers would be limited to video communications.

Since the beginning of its genocidal war in Gaza in October 2023, Israel has intensified measures against Palestinian prisoners. The conflict has killed more than 72,000 Palestinians and wounded 172,000, most of them women and children.


Israeli lebensraum in progress

 




Israel says troops will occupy parts of south Lebanon even after war



Smoke rises from the site of an Israeli airstrike on Beirut’s southern suburbs on March 30, 2026. — AFP pic

Tuesday, 31 Mar 2026 7:07 PM MYT


JERUSALEM, March 31 — Defence Minister Israel Katz today said Israel’s military would occupy a swathe of southern Lebanon even after the end of the current war against the Hezbollah armed group.

“At the end of the operation, the IDF will establish itself in a security zone inside Lebanon, on a defensive line against anti-tank missiles, and will maintain security control over the entire area up to the Litani,” Katz said in a video statement published by his ministry, referring to a river around 30 kilometres (20 miles) from the border.

Katz said hundreds of thousands of displaced Lebanese residents would be “completely prevented” from returning until north Israel’s security was ensured, adding that: “All the houses in the villages adjacent to the border in Lebanon will be demolished in accordance with the Rafah and Beit Hanoun model in Gaza.” — AFP

Iran drone strike sets oil tanker ablaze off Dubai after Trump warning





Iran drone strike sets oil tanker ablaze off Dubai after Trump warning



This picture handed out by the Kuwait Petroleum Corporation shows damage to the Kuwait-flagged Al-Salmi crude oil tanker, following a reported strike, amid the US-Israeli conflict with Iran, March 31, 2026. — Reuters pic

Tuesday, 31 Mar 2026 7:25 PM MYT


DUBAI, March 31 — Tehran attacked and set ablaze a fully loaded crude oil tanker off Dubai today, despite a threat by President Donald Trump that the US will obliterate Iran’s energy plants if it does not agree to a peace deal and open the Strait of Hormuz.


Authorities in Dubai said the fire on the Kuwait-flagged Al-Salmi had been brought under control following a drone attack, with no oil leak and no injuries to the crew. Kuwait Petroleum Corp, the ship’s owner, said the vessel’s hull was damaged. The attack was the latest on merchant vessels in the strait, a vital waterway, since the US and Israel attacked Iran on February 28.


LSEG data showed the vessel was heading to Qingdao in China, and was carrying 1.2 million barrels of Saudi crude oil and 800,000 barrels of Kuwaiti crude, according to monitoring service TankerTrackers.com.

The Al-Salmi may not have been the intended target. Iran’s Revolutionary Guards said they had targeted a container ship in the Gulf over its ties with Israel. But they appeared to be referring to the Singapore-flagged Haiphong Express, which was anchored next to the Al-Salmi, according to shipping data.


Higher oil prices


The month-old conflict has spread across the region, killing thousands, disrupting energy supplies and threatening to send the global economy into a tailspin.

Crude oil prices briefly spiked again after the attack on the tanker, which can carry around 2 million barrels of oil worth more than US$200 million (about RM810 million) at current prices.


With attacks showing no sign of easing, Pakistan is seeking to mediate in the war. Its foreign minister, Ishaq Dar, was due to discuss the conflict during a visit to China today after hosting talks with Turkey, Egypt and Saudi Arabia.

China, one of Iran’s closest allies and the biggest buyer of its oil, issued a new appeal to all sides today to halt military operations.

It said three Chinese ships had recently been allowed to sail through the Strait of Hormuz, which normally carries about a fifth of global oil and liquefied natural gas supplies.

Iran says it has received US peace proposals via intermediaries, but its foreign ministry spokesperson said yesterday they were “unrealistic, illogical and excessive”.

After those comments, Trump said the US was in talks with a “more reasonable regime”, referring to the Iranian leaders who have replaced those killed in the war, but issued a new warning over the Strait of Hormuz.

He said the US would obliterate power plants, oil wells and Kharg Island, from where Iran exports much of its oil, if a deal was not reached soon and the strait was not opened.

The failure to secure a peace deal has prompted the European Union’s energy chief to warn member states to prepare for a “prolonged disruption” to energy markets.

Higher oil and fuel prices have also started to weigh on US household finances and are a political headache for Trump and his Republican Party before November midterm elections. The US national average retail price of gasoline crossed US$4 a gallon for the first time in over three years yesterday, data from price-tracking service GasBuddy showed. Tightening global supplies have pushed benchmark Brent crude up 56 per cent this month, the largest rise on record, to above US$113 per barrel.

New attacks

The war has continued to spread, with Iran-aligned Houthis in Yemen entering the war by firing at Israel, and Turkey reporting yesterday that a ballistic missile launched from Iran had entered Turkish airspace before being shot down.

The war has also revived conflict between Israel and the Iran-backed Lebanese group Hezbollah, while Iran, which has the highest casualty toll in the war, has fired at targets in Gulf Arab states, where the US has military bases.

Iran’s military spokesman said targets in its latest attacks included “hideouts” of US military personnel in five bases in the region and in Israel.

Blasts echoed through Dubai today, and Saudi Arabia’s civil defence said falling debris caused limited damage after a drone was intercepted in Kharj province.

Explosions were heard in Tehran and residents in the eastern Pirouzi district reported power outages, Iran’s Tasnim news agency said.

A strike on a Shi’ite Muslim congregation hall in the northwestern Iranian city of Zanjan killed three people, a provincial official told Iranian media. Israel’s military said four of its soldiers had been killed in southern Lebanon, where three United Nations peacekeepers from Indonesia have been killed in two separate incidents.

Thousands of soldiers from the US Army’s elite 82nd Airborne Division have started arriving in the Middle East, two US officials told Reuters yesterday, part of reinforcements that would expand Trump’s options to potentially include a ground assault in Iran.

The White House said Trump wanted a deal with Iran before an April 6 deadline for Iran to open the Strait of Hormuz. The Wall Street Journal reported Trump had told aides he is willing to end the military campaign even if the strait remains largely closed and leave a complex operation to reopen it for a later date.

Asked about the report, the White House referred to comments made by Secretary of State Marco Rubio, who told Al Jazeera the strait would be open “one way or another” after the US military operation. — Reuters


China's Quiet Gains During US-Israel War On Iran









by Tyler Durden
Tuesday, Mar 31, 2026 - 09:30 PM

Authored by Hamza Zaman via RealClearDefense,


The Iran conflict continues to protract despite President Trump’s assumption of a quick and easy victory.

The goals of regime change and the decimation of the Iranian ballistic missile program remain unfulfilled, and the closure of the Strait of Hormuz further adds to the strategic qualms of the Western powers.

The GCC states are also facing significant damage to their services industry, transport infrastructure and energy sector.

While both sides suffer great losses in this protracted conflict, America’s biggest geopolitical rival – China – seems to be gaining palpable economic and strategic benefits from the ongoing conflict in the Middle East.
Challenges to Petrodollar and Yuan’s Rise against U.S. Dollar

Iranian strikes on GCC energy infrastructure, in retaliation for Israeli strikes on Iranian oil refineries and gas infrastructure, sent shockwaves through global energy supply chains. This resulted in supply chain disruptions, shortages, rationing and price hikes. These energy supplies are traded in U.S. dollars and constitute a discernible source of demand for the U.S. dollar. The closure of the Strait of Hormuz further amplifies supply chain disruption, forcing buyers to choose alternative sources, including Russia. Iran’s announcement of a safe passage for oil tankers in exchange for payment in Yuan is being hailed as a direct assault on the primacy of the U.S. dollar and the petrodollar system.

The outcome of these events is the diminution of the U.S. dollar's hegemony and the rise of the Chinese Yuan. China continues to purchase discounted oil from Iran in Yuan, and the procurement of Russian oil will also be in non-USD denominations. The fall of the U.S. dollar will accentuate China’s rise as a major competitor of the U.S.. China is already vying for a common BRICS currency, and its efforts will intensify in the future, as the U.S. dollar continues to weaken. The war in the Middle East presents an opportunity for the Chinese Yuan to accentuate China’s geoeconomic rise.


Observing and Analyzing American Military Activities

China’s observation of Operation Epic Fury provides its military with an opportunity to gather ample data on American military tactics and strategies. It also provides China with insight into the capabilities and limitations of American weapon systems. The downing of American fighter jets, including F-15E Strike Eagles, KC-135 Stratotanker, F-35A and Q-9 Reapers, as well as the destruction of radars and limitations of American air defense systems in the Middle East, is an opportunity for the Chinese military to evaluate its military arsenal and reassess its own capabilities and limitations vis-à-vis American military prowess.

With the help of artificial intelligence and machine learning, the Chinese military would analyze these weapon systems and military strategies and create real-life war-like simulations for the Chinese military with precise data. The destruction and limitation of the American military assets will also persuade global vendors to pursue Chinese combat-tested alternatives from the May 2025 Pakistan-India War, thus augmenting Chinese defense exports.


Strengthening Rare Earth Leverage against American Military Industrial Complex

The involvement of the U.S. in another war in the Middle East has the American military industrial complex up and running. Given the intense bombardment, fast-paced depletion of its air defence interceptors and the destruction of radars, the U.S. is expected to swiftly replenish its arsenal. However, the U.S. reliance on China for rare earth minerals – essential for the American military industrial complex – indicates that the U.S. strategic autonomy is compromised. In response to the Trump administration’s tariff war and ban on advanced chips exports to China, China meticulously weaponized rare earth minerals, effectively defying the actions of the Trump administration. In the wake of the Iran conflict, the Trump administration’s dependence on China for its rare earth needs magnifies, actively putting China in an advantageous position.

The Chinese government can tactfully play its cards, forcing the U.S. to continue the exports of advanced chips to China as well as completely abolish the exorbitant tariffs on Chinese products.


Strategic Space in the Indo-Pacific


In order to replace the lost batteries and interceptors, the U.S. decided to transfer its Terminal High Altitude Area Defense (THAAD) system from the Korean Peninsula to the Middle East. Additionally, the U.S. moved 2500 marines and USS Tripoli, an amphibious assault ship, stationed in Japan, to the Middle East, with the reported plan of the takeover of Kharg Island – Iran’s predominant energy export hub. This, however, aggravates the security apprehensions of the American allies in the Indo-Pacific, especially South Korea and Japan. Given the Trump administration’s diversion of resources, these states will have to reconfigure their security policies and adopt a more amicable approach towards China. The Chinese government will welcome such developments, perceiving them as a strategic space in the Indo-Pacific. In the wake of reduced American military presence in the region, China will be in a better position to secure its strategic interests along the Strait of Malacca, consolidating its supply chain.

The longer the conflict protracts, the deeper the U.S. will be engulfed in another forever war. This may create temporary energy disruptions for China as well as complications for its BRI program. However, the reoriented focus of the U.S. on military campaigns will allow China to continue its economic rise, backed by innovation and advanced cutting-edge technologies. The stature of China will continue to be amplified as a non-interventionist state, believing in regional connectivity and shared economic growth. This scenario envisages more states swaying to the Chinese camp in the coming years, broadening the scope of BRICS+ and a common BRICS currency.


WarSec Hegseth Epic Fury Presser After Trump's Apparent 'Off-Ramp'









by Tyler Durden
Tuesday, Mar 31, 2026 - 10:37 PM


Summary

WarSec Hegseth saw "upcoming days will be decisive", strikes will continues without any deal

President Trump signals off-ramp, tells world "go get your own oil", says Iran 'decimated'


* * *


Secretary of War Hegseth Says 'Upcoming Days Will Be Decisive', 'Damaging Iran Military Morale'

WarSec Hegseth's comments were not quite a "Mission Accomplished" but definitely a reflection on the courage and completion of "systematically destroy" Iran's military capabilities.

Here are Hegseth's key points (via Bloomberg):

HEGSETH: VISITED TROOPS FIGHTING IN IRAN OPERATION OVER WEEKEND


HEGSETH: AMERICAN FIREPOWER INCREASING, IRAN'S DECREASING


HEGSETH: UPCOMING DAYS WILL BE DECISIVE


HEGSETH: IRAN WILL STILL SHOOT SOME MISSILES, WE WILL SHOOT DOWN


HEGSETH: OUR STRIKES DAMAGING IRAN MILITARY MORALE


HEGSETH: STRIKES LEADING TO WIDESPREAD IRAN MILITARY DESERTIONS


HEGSETH: REGIME CHANGE HAS OCCURRED IN IRAN


HEGSETH: IF IRAN ISN’T WILLING TO MAKE DEAL, US WILL CONTINUE


HEGSETH: US STRIKES WILL CONTINUE W/ MORE INTENSITY W/O DEAL


* * *


Off-Ramp Imminent? Trump Tells World "Go Get Your Own Oil" Via Strait After 'Decimating' Iran

There's been a lot of speculation that the White House is preparing to find a 'mission accomplished' declaration moment, as 'any offramp will do' as a way to avoid a costly potential quagmire of introducing ground troops, and we may be seeing the start of one.

After comments apparently leaked to The Wall Street Journal overnight that Trump is willing to leave Iran with the Strait unopened, the President has clarified his thinking in his out loud voice this morning.



President Trump has posted on social media this morning, clearly signaling he is further down the road towards an off-ramp:


All of those countries that can’t get jet fuel because of the Strait of Hormuz, like the United Kingdom, which refused to get involved in the decapitation of Iran, I have a suggestion for you:

Number 1, buy from the U.S., we have plenty, and

Number 2, build up some delayed courage, go to the Strait, and just TAKE IT.

You’ll have to start learning how to fight for yourself, the U.S.A. won’t be there to help you anymore, just like you weren’t there for us.

Iran has been, essentially, decimated.

The hard part is done. Go get your own oil!

President DJT

The reaction was a drop in the price of oil...



...and stocks rising...



Nothing dramatic in either - as traders remain nervous of Trump-Talk still - but nevertheless, as Goldman's Rich Privorotsky noted overnight (in a seemingly precognitive comment before Trump's tweet), this is shaping up like an off-ramp:


After ~5 weeks of conflict "President Trump told aides he's willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed" (WSJ).

Politically messy (especially in GCC...less so domestically), but probably the least bad short-term pathway (can argue LT worse).

There’s a press conference at 8am EST from the Defense Department.

Overnight saw meaningful escalation… Iran struck a heavily laden oil tanker in Dubai port… a very explicit signal around control of shipping.

Likely in response to US actions around nuclear facilities in Isfahan

(Trump on his Truth Social posted uncaptioned video of large explosion 5 hours ago).


The most bullish near term outcome would be a “mission accomplished” style announcement...

i.e. nuclear capabilities set back materially (say 10–20 years), allowing the US to step away.

No edge here, frankly could be anything but will be watching.

...

The key shift then remains the Strait.

If the US pauses while Iran maintains some level of disruption, the pressure flips… China, Korea, Japan, India, Europe and the GCC all become directly incentivized to force flows back online.

Even partial restrictions (e.g. US/Israeli vessels) are manageable…so a unilateral victory could actually restart flows and shift pressure to ROW to get strait moving.


Italy denies US military aircraft use of Sicily air base en route to Middle East





Italy denies US military aircraft use of Sicily air base en route to Middle East



The US Navy aircraft carrier USS Nimitz anchors in the Gulf of Panama during the multinational maritime cooperation exercise 'Southern Seas 2026', in Panama City, Panama March 30, 2026. — Reuters pic

Tuesday, 31 Mar 2026 7:35 PM MYT


ROME, March 31 — Italy has denied permission for US military aircraft to land at the Sigonella air base in Sicily before flying to the Middle East, a source close to the matter said today, confirming a newspaper report.


Daily Corriere della Sera reported “some US bombers” had been due to land at the base in eastern Sicily before heading to the Middle East, but did not say when they had been scheduled to arrive.


The source, who was not authorised to speak to media and declined to be identified, also did not specify how many aircraft were involved or when Rome declined to give permission.

Corriere della Sera added that permission was not granted as the US had not sought authorisation and Italy’s military leadership was not consulted, as required under treaties governing the use of US military installations in the country.


The Italian defence ministry had no immediate comment.


Centre-left opposition parties have urged the government to block the US use of bases in Italy to avoid involvement in the conflict.

Prime Minister Giorgia Meloni’s right-wing government has said it would seek parliamentary authorisation should any such requests be made. — Reuters

Lim Guan Eng presses for urgent aid to MSMEs facing rising costs from Middle East turmoil





Lim Guan Eng presses for urgent aid to MSMEs facing rising costs from Middle East turmoil



Former finance minister Lim Guan Eng has urged the government to introduce immediate financial relief measures for micro, small and medium enterprises (MSMEs) facing rising operational costs linked to the Middle East conflict. — Bernama pic

Tuesday, 31 Mar 2026 3:19 PM MYT


KUALA LUMPUR, March 31 — Former finance minister Lim Guan Eng has urged the government to introduce immediate financial relief measures for micro, small and medium enterprises (MSMEs) facing rising operational costs linked to the Middle East conflict.

He said escalating logistics expenses, volatile raw material prices and supply chain instability, compounded by concerns over oil prices, were threatening the survival of Malaysian businesses.


“The time is now for the Malaysian government to act immediately to implement financial relief policies for Malaysian businesses, especially micro small and medium enterprises (MSMEs), to save them from a crisis of survival impacted by the escalating costs of the Middle-East war,” Lim said in a statement today.

He added: “Rising logistics costs, raw price volatility, supply chain instability caused by the current Middle East conflict, and Iran’s real threat to force up the price of oil to US$200 per barrel due to its success in closing the Straits of Hormuz to shipping traffic.”


Lim cited warnings from the Federation of Malaysian Manufacturers that Malaysia’s 2026 GDP growth could slow to between 3.8 and 4.2 per cent if the conflict worsens, compared to Bank Negara Malaysia’s projection of 4 to 5 per cent. The SME Association of Malaysia has also called for a targeted six month loan moratorium or repayment deferment for affected MSMEs.


He noted that while Malaysia’s non performing loan ratio stood at 1.4 per cent of total loans as of January 2026, banks had cautioned that financial distress could worsen.

Lim outlined three short term measures he said were urgently needed: a moratorium on bank interest payments until year end; suspension of new taxes and compliance costs including SST increases, e invoicing requirements and higher EPF contributions for foreign workers; and a RM5 billion allocation to provide RM50,000 interest free and collateral free loans to 100,000 MSMEs, alongside targeted grants and subsidies.

Perak KPDN raids Teluk Intan premises, detains Bangladeshi, seizes 450 subsidised cooking oil packets





Perak KPDN raids Teluk Intan premises, detains Bangladeshi, seizes 450 subsidised cooking oil packets



The Perak Enforcement Division of the Ministry of Domestic Trade and Cost of Living (KPDN) seized 450 packets of 1kg subsidised cooking oil from a residential premises believed to have been used as an illegal storage facility in Teluk Intan. — Picture courtesy of Perak KPDN

Tuesday, 31 Mar 2026 2:45 PM MYT


IPOH, March 31 — The Perak Enforcement Division of the Ministry of Domestic Trade and Cost of Living (KPDN) seized 450 packets of 1kg subsidised cooking oil from a residential premises believed to have been used as an illegal storage facility in Teluk Intan.

Its director, Datuk Kamalludin Ismail, said the operation was carried out at about 11am yesterday by a team of enforcement officers from the KPDN Teluk Intan branch following intelligence gathering and surveillance conducted over the past week.

“Enforcement officers raided a residential premises in Teluk Intan which was suspected of being used as an illegal storage facility for controlled goods, namely packet cooking oil.

“During the inspection, we discovered 450 packets of 1kg subsidised cooking oil of various brands stored at the premises,” he said in a statement.


Kamalludin said enforcement officers also arrested a 36-year-old Bangladeshi man, who claimed to be the tenant of the premises, during the raid.

“The suspect informed our officers that the cooking oil packets were intended to be resold to customers in the surrounding area, including occupants of workers’ hostels at nearby construction sites.

“However, the suspect failed to produce any permit, licence or written authorisation from the Supply Controller to possess or deal with the controlled goods,” he said, adding that the suspect has been remanded for four days starting today.


Kamalludin said further investigations would be carried out under the Control of Supplies Act 1961 against individuals or suppliers suspected of selling subsidised packet cooking oil to foreign nationals.

“If found guilty, the CSA cooking oil licence of the supplier involved may be revoked and the supplier may also face a fine,” he said.

He added that a four-wheel-drive (4x4) vehicle, a multi-purpose vehicle (MPV) and several related documents were also seized during the raid, with the total value of the seizure estimated at RM55,125.

The case is being investigated under the Control of Supplies Act 1961 for suspected possession or storage of scheduled controlled goods, namely packet cooking oil, without written permission from the Supply Controller.

If convicted, individuals may face a fine of up to RM1 million, imprisonment of up to three years, or both, while corporate bodies may be fined up to RM2 million, and up to RM5 million for a second offence.

Kamalludin said the operation was conducted as part of efforts to curb the misappropriation of controlled goods in the Hilir Perak and Bagan Datuk districts.

He urged members of the public to channel information on such activities to the nearest KPDN branch to help curb these offences and prevent the leakage of government subsidies.

Thai king endorses Anutin’s new cabinet, with Thaksin nephew named deputy PM





Thai king endorses Anutin’s new cabinet, with Thaksin nephew named deputy PM



Thailand's newly elected Prime Minister Anutin Charnvirakul's BYD electric vehicle outside the Government House in Bangkok March 31, 2026. Thailand’s king endorsed the new cabinet of second-term Anutin, with the nephew of jailed ex-leader Thaksin Shinawatra made a deputy prime minister, the Royal Gazette said today. — Reuters pic

Tuesday, 31 Mar 2026 4:34 PM MYT


BANGKOK, March 31 — Thailand’s king endorsed the new cabinet of second-term Prime Minister Anutin Charnvirakul, with the nephew of jailed ex-leader Thaksin Shinawatra made a deputy prime minister, the Royal Gazette said today.


The cabinet posts, mostly reserved for members of Anutin’s party, include six deputy prime minister positions — one of which was given to Yodchanan Wongsawat, the top candidate of Thaksin’s Pheu Thai party in the general election last month.


Anutin’s Bhumjaithai party won the most seats in parliament in the February 8 poll, putting the conservatives at the head of the new ruling coalition.

But without an outright majority, Bhumjaithai allied with the third-placed Pheu Thai of tech billionaire Thaksin, who is serving a one-year prison sentence for corruption.

Yodchanan, a biomedical engineering professor, was also made minister for higher education, science, research and information.


Anutin himself will pull double-duty, also serving as interior minister.

Bhumjaithai members and its loyalists hold 32 cabinet positions, including the economic and defence portfolios, with several ministers from Anutin’s first short-lived term being re-appointed.


Foreign Minister Sihasak Phuangketkeow will retain his position as Thailand’s top diplomat, as will the ministers of finance and commerce — all three of whom were also made deputy prime ministers.

The justice and defence ministers also fall within the camp of the pro-military and pro-monarchy Bhumjaithai.

Pheu Thai was allotted nine minister jobs, including agriculture, labour, education and social development.

The new government is expected to offer its policy positions before parliament next week, according to local media. — AFP

High Court finds Najib liable for RM4.77b SRC losses, orders RM5.25b payment





High Court finds Najib liable for RM4.77b SRC losses, orders RM5.25b payment



The High Court has found former prime minister Datuk Seri Najib Razak liable for US$1.18 billion in losses incurred by SRC International Sdn Bhd due to a breach of fiduciary duties. — Picture by Firdaus Latif

Tuesday, 31 Mar 2026 2:56 PM MYT


KUALA LUMPUR, March 31 — The High Court here today ruled that Datuk Seri Najib Tun Razak is liable for SRC International Sdn Bhd’s US$1.3 billion (RM5.25 billion) losses after finding that he had breached his fiduciary duties, abused his position, and misappropriated the company’s funds for personal gain.

Judge Datuk Ahmad Fairuz Zainol Abidin, in allowing the company’s US$1.18 billion (RM4.77 billion) lawsuit against the former premier, ordered Najib to pay the amount, in addition to US$120 million that he had received from the company into his AmPrivate banking account ending 964, hence bringing the total to US$1.3 billion.

The court will, however, determine the costs at a later date.

In his judgment, Justice Ahmad Fairuz, who is now a Court of Appeal judge, held that Najib had abused his public office, enabling SRC to obtain a RM4 billion loan from the Retirement Fund Inc (KWAP) under government guarantee.


“The misuse of authority facilitated the direct offshore disbursement of RM3.6 billion without proper oversight, raising concerns over financial management. The actions led to the misappropriation of US$1.1 billion through fraudulent investment structures.

“As a result, SRC was unable to repay the public loans, prompting a RM600 million government bailout to cover the losses,” the judge said, adding that Najib took no steps to secure the funds and never ordered any investigation into the transactions.

Justice Ahmad Fairuz said the court further observed that but for Najib’s misuse of office, SRC would not have borrowed RM4 billion on ineligible grounds, dispersed RM3.6 billion offshore through fraudulent structures, or lost US$1.2 billion in misappropriated funds.


“Najib’s misfeasance was thus the proximate and effective cause of SRC’s injury. His orchestration of the scheme from inception to dissipation establishes a clear and complete chain of causation, rendering him fully responsible for the losses suffered by SRC,” said the judge.

He further said that SRC had successfully established on a balance of probabilities that part of its funds, namely US$120 million, was traced into Najib’s bank account.

“The plaintiff’s second witness, Angela Barkhouse, an offshore asset recovery specialist, testified in detail how the sum of US$120 million moved from SRC to SRC BVI, then to Blackstone, and ultimately into Najib’s account.

“Each link in that chain is supported by unredacted documentary evidence showing the critical transaction particulars. From her explanation, this court was able to clearly trace when the US$120 million was transferred, through which entities it passed, and where it ultimately ended,” said the judge.

Meanwhile, Najib’s claims against third-party defendants were dismissed with costs as the court found that, having exercised control over the company, he could not subsequently attempt to shift liability onto the very individuals he directed, merely because they formally executed the documents implementing his decisions.

“The law on third-party contribution and indemnity does not operate as a mechanism for a primary wrongdoer to divest himself of established liability by shifting blame indiscriminately through the involvement of third parties,” the judge said.

Right after the verdict was delivered, lawyer Tan Sri Muhammad Shafee Abdullah, representing Najib, informed the court that his client would be filing an appeal against today’s decision as well as an interim stay for the payment within 14 days.

The court subsequently granted the interim stay order. Lawyer Datuk Lim Chee Wee acted for SRC. Najib attended today’s proceedings.

SRC initiated the suit in May 2021, alleging that Najib had breached his fiduciary duties, abused power, and misappropriated company funds for personal gain. — Bernama

US Should Start Removing Its Troops From Germany, Proposes AfD Co-Leader Chrupalla






US Should Start Removing Its Troops From Germany, Proposes AfD Co-Leader Chrupalla



by Tyler Durden
Tuesday, Mar 31, 2026 - 05:00 PM


Via Remix News,

Alternative for Germany (AfD) co-chair Tino Chrupalla spoke out in favor of withdrawing American troops from Germany. During a party congress in Saxony, he stressed that, if AfD comes to power, this should be the first step in implementing the party’s program, which calls for the removal of all allied forces from Germany and a withdrawal from NATO’s nuclear weapons sharing system.

“Let’s start implementing this program by withdrawing U.S. troops,” he said, as reported by the Frankfurter Allgemeine Zeitung, cited by Do Rzeczy.

The proposal received loud applause by the audience.



Chrupalla also argued that Germany should not be involved in international military operations, praising Spain for opposing U.S. use of its bases for its conflict with Iran.

“And that is exactly right. Spain is not interfering in this war,” he said.

His criticism of American troops on German soil comes after his sharp criticism of Trump’s decision to launch a war against Iran.

“I am extremely disappointed in Donald Trump when it comes to his campaign promises,” Chrupalla during an appearance on Markus Lanz earlier this month.

“During the election campaign, he also accused Kamala Harris, that she would start World War III. And now we are on the cusp of having probably started the Third World War with Donald Trump. And that’s a breach of his word, which I really resent and which the American people also resent, who incidentally reject this war in Iran at a much higher rate than Germans. So, 70 percent of Americans do not want this war and do not support it.

Chrupalla also stated it was clear the United States was dragged into the war by Israel.

“And I think the Americans, as you can really see now if you look at all the events, were dragged into this war by Israel. There were serious negotiations where Oman, as a peacemaker, came to an agreement with Israel together with the USA, and they basically started bombing Iran on the same day. The Omani Foreign Minister has described this as a huge mistake. The entire Arab world has labeled it a mistake. The Norwegian Foreign Minister has described it as a mistake. It has also been labelled a mistake by Turkey. You can’t ignore all that. These are all countries in this region that are naturally extremely worried that this will escalate into a conflagration. And that’s what we’re seeing now. It’s a huge wildfire.”

In his most recent speech, Chrupalla also addressed Russia’s war against Ukraine. He announced that the AfD would “bring about peace” and that after the conflict ends, Ukrainians in Germany should return to their home country, criticizing the current refugee benefits system.

“This is exactly what must end. All Ukrainians must go back,” he said

Chrupalla’s speech made it clear that the AfD aims to take power in Germany, at both the state and national levels. “We must develop, moving from an opposition party to a governing party,” he said during the party convention in Löbau, as quoted by Deutsche Welle.

Germany’s next federal elections will take place only in March 2029. At that time, Chrupalla plans for the AfD to have a prime minister in Saxony and an AfD chancellor as the leader of Germany. Chrupalla also admitted that this requires further capacity-building and preparing party structures for governance.

Noting that AfD must no longer be perceived as a single-issue party, presumably referring to its focus on implementing mass deportations, and must demonstrate concrete results in government going forward.

“At some point, we will have to present our voters with successes,” he emphasized.

According to Bild reports, the party has already begun organizational preparations to take over the government by establishing a special working group for participation in the government.

Read more here...



***




Oil Slides As Trump Reportedly Told Aides He's Willing To End War Without Reopening Hormuz









by Tyler Durden
Tuesday, Mar 31, 2026 - 10:00 AM


Summary

Trump reportedly told his aides he's willing to end the war without reopening the Strait of Hormuz


Iran struck a fully-laden Kuwaiti oil tanker in a Dubai port


Iran rejects 'excessive, illogical' US demands while Trump mentions 'progress' with a 'more reasonable regime'. Trump again threatens to destroy Iran energy sites and Kharg Island. Hundreds of US Special Forces arrive in region.


White House seriously considering ground operation to seize Iran's enriched uranium stockpile but also wants Tehran to negotiate handing it over willingly. Bessent: US will 'retake' Hormuz Strait 'over time'.


Bazan oil refinery in Israel's northern city of Haifa is on fire after a second apparent Iranian missile strike of the war. Trump says US response 'coming shortly'.


Iran accuses Israel of more 'false flags' - after Kuwait water desalination plant hit.

* * *

Trump Told Aides He's Willing To End War Without Reopening Hormuz; Report

The Wall Street Journal is reporting that President Trump told aides he's willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed, administration officials said, likely extending Tehran's firm grip on the waterway and leaving a complex operation to reopen it for a later date.

In recent days, Trump and his aides assessed that a mission to pry open the chokepoint would push the conflict beyond his timeline of four to six weeks.

He decided that the U.S. should achieve its main goals of hobbling Iran's navy and its missile stocks and wind down current hostilities while pressuring Tehran diplomatically to resume the free flow of trade.

If that fails, Washington would press allies in Europe and the Gulf to take the lead on reopening the strait, the officials said.

The longer the strait remains closed, the more it will roil the global economy and boost gas prices.

Oil is falling significantly on the news, erasing all of its earlier gains on the news...



* * *

The PHANTOM WAKE Warning: 16 Ships Rehearsing Cable Sabotage Across Four Oceans



THANKS MF:


Tore Says:


The PHANTOM WAKE Warning: 16 Ships Rehearsing Cable Sabotage Across Four Oceans

"They're Not Lost. They're Watching."


Tore Says
Mar 31, 2026





Sixteen ships. Four oceans. Nineteen hours. A new OSINT tool just revealed a pattern of suspicious vessel behavior near the cables that carry 95% of the world's internet traffic — and it looks less like coincidence and more like a rehearsal.

Most people picture missiles, or cyberattacks, or some elaborate Hollywood scenario involving supercomputers and shadowy hackers. The answer is far simpler. Far older. And because of that simplicity, far more terrifying. The answer is a ship. An anchor. And the willingness to drag that anchor across the right stretch of ocean floor at the right moment.

Because right now, beneath the surface of every major ocean on this planet, there is an invisible web of cables — most of them no thicker than a garden hose — that carry ninety-five percent of all international internet traffic. Not satellites. Not the cloud. Not wireless. Cables. Sitting on the seafloor, in some of the most remote and legally ungoverned waters on earth, largely unguarded, largely invisible to the public conversation about national security.

Every wire transfer moves through those cables. Every military communication routed over civilian infrastructure. Every stock trade, every intelligence dispatch, every call between an American soldier overseas and his family back home. The entire circulatory system of modern civilization runs through them. And someone — right now — appears to be studying exactly where to make the cut.





Those numbers didn’t come from a classified briefing. They didn’t come from a NATO intelligence summary or a State Department cable. They came from an open-source intelligence tool called PHANTOM WAKE — built by Jackie Singh, a cybersecurity professional and national security researcher who saw a critical gap in how the world was monitoring its most essential infrastructure, and decided to fill it herself. Singh built PHANTOM WAKE to cross-reference live maritime vessel data against the known geographic routes of undersea cables, flagging ships behaving in ways that have no good innocent explanation. Drifting. Slowing. Going dark — cutting off the AIS tracking signal that maritime law requires every large vessel to broadcast — right as they pass over a cable corridor.

What PHANTOM WAKE found over a nineteen-hour window was not one ship behaving strangely. It was sixteen vessels — spread across four separate oceans — each exhibiting the hallmark behaviors of a vessel engaged in either reconnaissance or active sabotage near subsea cable infrastructure. Anchor drag patterns. AIS blackouts. Unexplained slow passes over cable-dense corridors. Sixteen ships. Four oceans. One nineteen-hour window. Let that sit with you for a moment.


The Infrastructure Nobody Talks About

We have built an entire civilization on top of a network that most people don’t know exists. There are roughly 1.3 million kilometers of submarine cable currently active across the world’s oceans. When you send an email from New York to London, it travels through a cable on the floor of the Atlantic Ocean. When a bank in Tokyo clears a transaction with a correspondent bank in Frankfurt, that instruction moves through a cable. When the Pentagon sends a communication to a forward operating base routed through civilian infrastructure — as happens constantly — it goes through a cable.

The satellite industry will tell you that Starlink and its competitors are changing this picture. They are not — not yet, and not at the scale that matters. Satellites carry a fraction of global data traffic. They are expensive, bandwidth-constrained, and latency-prone in ways that make them unsuitable for the high-volume, low-latency demands of financial systems and military communications. The world runs on cables, and it will for the foreseeable future.


UNDERSTANDING AIS — AND WHY GOING DARK MATTERS

The Automatic Identification System requires all commercial vessels above 300 gross tons to continuously broadcast their identity, position, speed, and heading. This data is publicly receivable and forms the backbone of global maritime tracking. When a ship switches off its AIS transponder — what analysts call “going dark” — it doesn’t disappear physically. It disappears from the tracking record. In normal maritime operations, there are very few legitimate reasons to do this. Near a major undersea cable route, there is essentially none. It is the maritime equivalent of turning off your phone’s location services before you go somewhere you don’t want anyone to know you’ve been.

Which is exactly why cables are such an attractive target for actors who want to cause maximum disruption with minimum fingerprints. A severed cable doesn’t announce who cut it. There’s no explosion, no missile trail, no satellite image of a weapon being fired. There is just, suddenly, a service interruption. And by the time investigators determine whether this was an accident or something else — if they ever do — the ship is gone.





The Dead Don’t Talk: MH370, Zhang, and What Was at Stake

I have been covering undersea cable systems as a geopolitical battleground for years — long before it became fashionable to do so. If you want to hear the audio, go to toresaid.com and search “underwater cables.” It’s all there. But one story from my IC Series published in December 2024 is directly relevant to everything PHANTOM WAKE is now showing us, and it deserves to be part of this conversation.

On March 7, 2014, in Kuala Lumpur, a consortium of over fifteen major telecommunications operators — including China Telecom Global, Singtel, and Orange — signed the Construction and Maintenance Agreement for SEA-ME-WE 5. That’s South East Asia – Middle East – Western Europe 5. A 20,000-kilometer submarine cable system connecting seventeen countries, built to carry the data flows of half the world, designed to be the new digital artery between Asia, the Middle East, and Europe.

One of the key figures in that project was Hualian “Happy” Zhang — co-chair of Network Planning for China Telecom Global. She knew this cable intimately. Its routing. Its vulnerabilities. Its encryption architecture. Its geopolitical significance. She was, in the language of intelligence, a high-value asset — the kind of person whose knowledge, in the wrong hands or the right ones, could change the strategic calculus around one of the most important pieces of infrastructure on earth.

The C&MA was signed March 7, 2014.

Zhang boarded Malaysia Airlines Flight MH370 on March 8, 2014.


War in Iran, if not stopped, will escalate further with serious strategic implications — Phar Kim Beng






War in Iran, if not stopped, will escalate further with serious strategic implications — Phar Kim Beng


Tuesday, 31 Mar 2026 9:25 AM MYT


MARCH 31 — The war involving Iran, the United States, and Israel has entered a dangerous phase – one defined not by decisive victory, but by persistent escalation.

What is unfolding is not a short, sharp conflict, but a grinding confrontation in which both sides retain the capacity to inflict pain, even as neither can secure outright dominance.


Over the course of the conflict, the United States and Israel have demonstrated overwhelming tactical superiority. Their coordinated strikes have successfully targeted senior Iranian political and military figures, degraded Iran’s missile production capabilities, and inflicted substantial damage on its naval assets.


From precision airstrikes to cyber-enabled disruption, the Western-Israeli axis has imposed real costs on Tehran’s strategic infrastructure.

Yet to interpret these developments as evidence of imminent Iranian collapse would be a grave misreading.


Iran has proven itself to be resilient, adaptive, and capable of sustaining asymmetric retaliation.

Despite suffering heavy losses, Tehran continues to launch regular salvos of drones and missiles – not only at Israel, but also at US military installations across the Gulf and, increasingly, at critical infrastructure in Gulf Arab states.


This capacity for sustained retaliation underscores a fundamental reality: Iran is not fighting a conventional war.

It is leveraging a hybrid strategy that blends conventional deterrence with irregular warfare, strategic depth, and regional proxy networks.

Nowhere is this more evident than in the Strait of Hormuz.



Workers load goods onto trucks at a transport garage in Baghdad on March 30, 2026, as disruptions in the Strait of Hormuz constrain access to Iraq’s Umm Qasr port, pushing trade onto costlier overland routes. — AFP pic



A series of attacks on commercial vessels in and around the strait has already begun to disrupt one of the most vital arteries of global trade.

Even limited interference in this narrow waterway – through which roughly a fifth of the world’s oil supply flows – has had disproportionate effects. Shipping traffic has slowed, insurance premiums have surged, and energy markets have reacted with volatility.

The strategic implication is clear: Iran does not need to “close” the Strait of Hormuz to achieve its objectives.

It merely needs to render it uncertain, contested, and dangerous.

Such a strategy is far more sustainable – and far more destabilising.

Against this backdrop, discussions of potential off-ramps and negotiations have begun to surface. Diplomatic feelers, back-channel communications, and tentative proposals for de-escalation suggest that some actors recognise the immense risks of allowing the conflict to spiral further.

But these efforts face a fundamental obstacle: the deep irreconcilability of Washington’s and Tehran’s strategic positions.

For the United States, the objectives remain expansive – ranging from the dismantling of Iran’s missile and nuclear capabilities to the neutralisation of its regional proxy networks. For Iran, however, the war is existential.

It is not merely about preserving military assets, but about ensuring regime survival, maintaining sovereignty, and resisting what it perceives as external coercion. These positions are not easily bridged.

As a result, the likelihood of escalation remains high.

For Washington, escalation could take the form of direct deployment of ground forces onto Iranian territory – an option fraught with immense risk. Iran’s geography, population size, and decentralised command structures make it a profoundly difficult environment for any external military intervention. The lessons of Iraq and Afghanistan loom large, yet may not be sufficiently heeded.

Alternatively, the United States may seek to intensify its efforts to control or neutralise Iran’s ability to disrupt the Strait of Hormuz. But such a move would almost certainly provoke further retaliation, deepening the cycle of escalation.

For Iran, escalation may not come in the form of conventional confrontation, but through the activation of its regional network of allies.

The potential entry of the Houthis in Yemen into a broader regional conflict represents a particularly dangerous development.

Already capable of targeting shipping in the Red Sea, their involvement would effectively extend the theatre of conflict from the Persian Gulf to one of the world’s other critical maritime chokepoints.

This would create a dual-front disruption – Hormuz and the Red Sea – placing unprecedented strain on global supply chains.

The consequences would be profound. Energy prices would surge further, exacerbating inflationary pressures across both developed and developing economies.

Supply chains – already fragile from years of pandemic disruption and geopolitical tension – would face renewed shocks.

Food prices, fertiliser costs, and transportation expenses would rise, disproportionately affecting vulnerable populations.

For South-east Asia, including Malaysia, the implications are especially acute.

As a trade-dependent region, Asean is deeply exposed to disruptions in global shipping and energy markets.

Higher fuel costs would translate into increased production expenses, rising food prices, and mounting fiscal pressure on governments already grappling with subsidy burdens.

Malaysia, while not in immediate crisis, cannot afford complacency.

The effects of a prolonged conflict in the Middle East would reverberate across its economy – from energy and transportation to agriculture and manufacturing.

This is why the war in Iran must not be allowed to escalate further.

The current trajectory points toward a widening conflict with no clear endgame.

Tactical victories on either side are unlikely to translate into strategic resolution. Instead, they risk entrenching a cycle of retaliation that becomes increasingly difficult to contain.

Diplomacy, therefore, is not a sign of weakness. It is a strategic necessity.

The international community – including medium sized powers such as Malaysia, Turkiye, and Indonesia – must play a more active role in advocating for de-escalation.

Track 1.5 diplomacy, which brings together official policymakers and credible non-state actors in semi-formal settings, offers a pragmatic pathway to bridge gaps that formal negotiations alone cannot resolve.

At stake is not merely regional stability, but the integrity of the global economic system.

If the war in Iran is not stopped, it will not remain confined to its current theatre.

It will expand – geographically, economically, and politically – with consequences that the world is ill-prepared to absorb.

The time to act is now, before escalation becomes the only remaining path.


* Phar Kim Beng is professor of Asean Studies and director of the Institute of International and Asean Studies, International Islamic University of Malaysia.


Amnesty: 2026 World Cup risks becoming ‘stage for repression’ amid US rights concerns





Amnesty: 2026 World Cup risks becoming ‘stage for repression’ amid US rights concerns



Amnesty International warned this summer’s football World Cup, spread across three North American countries, risks becoming a ‘stage for repression’ in a report published today. — Kirby Lee-Imagn Images/Reuters pic

Monday, 30 Mar 2026 11:54 AM MYT


LONDON, March 30 — Amnesty International warned this summer’s football World Cup, spread across three North American countries, risks becoming a “stage for repression” in a report published today.

The London-based human rights organisation’s report — “Humanity Must Win” — called on both Fifa and host countries the US, Canada and Mexico to take urgent action to protect fans, players and other communities.



Fifa has promised a tournament where everyone “feels safe, included and free to exercise their rights”.

But Amnesty said that pledge sits in “stark contrast” to conditions on the ground in all three host nations, especially the US, which hosts three-quarters of the 104 matches.


Amnesty described the US as facing a “human rights emergency” under the Trump administration, marked by mass deportations, arbitrary arrests and what it called “paramilitary-style” Immigration and Customs Enforcement (ICE) operations.


The acting director of ICE said last month the agency will be “a key part of the overall security apparatus for the World Cup”.

This comes despite anger at the killing of two American citizens who were protesting aggressive ICE raids in Minneapolis in January.


‘Pay the price’


Amnesty said none of the published host city plans address how fans or local communities will be protected from ICE operations.

Fans from four nations taking part this summer — Ivory Coast, Haiti, Iran and Senegal — face US travel bans and LGBTQ+ fan groups from England and across Europe have said they will not attend matches in the US, citing risks to transgender supporters in particular.

“This World Cup is very far from the ‘medium risk’ tournament that Fifa once judged it to be, and urgent efforts are needed to bridge the growing gap between the tournament’s original promise and today’s reality,” the report said.

Fifa said earlier this month the 48-team tournament — the biggest World Cup in history — will proceed “as scheduled” with all teams taking part, despite uncertainty over Iran’s presence due to the ongoing conflict in the Middle East.

The global football governing body, which has been heavily criticised over its decision to award a newly created “Peace Prize” to President Trump in December 2025, stands to earn US$11 billion (RM44 billion) from the tournament cycle.

“While Fifa generates record revenues from the 2026 World Cup, fans, communities, players, journalists and workers cannot be made to pay the price,” said Steve Cockburn, Amnesty’s head of economic and social justice.

“It is these people — not governments, sponsors or Fifa — to whom football belongs, and their rights must be at the centre of the tournament.”

The World Cup kicks off on June 11 at the Mexico City Stadium with the final scheduled for July 19 at the MetLife Stadium in New Jersey. — AFP


***


Take the tournament away from the US, play the games in SE Asia - Malaysia, Sing, Thai, Viet, Indon, Khmer Rep, Laos, Brunei and even Myanmar😂😂😂


Middle East conflict: Oil climbs, Iran pushes Hormuz tolls, Panama Canal sees surge, Dubai announces relief package





Middle East conflict: Oil climbs, Iran pushes Hormuz tolls, Panama Canal sees surge, Dubai announces relief package



A map showing the Strait of Hormuz and a 3D printed oil pipeline are seen in this illustration taken March 23, 2026. Iranian state media reported yesterday that a parliamentary commission had approved plans to impose tolls on vessels transiting the Strait of Hormuz, a waterway vital to oil and gas shipments that has been effectively closed due to the Middle East war. — Reuters pic

Tuesday, 31 Mar 2026 9:38 AM MYT


PARIS, March 31 — Here are the latest economic events in the Middle East war:

Oil prices rise

Oil prices rose yesterday as the Middle East crisis escalated with the entry of Yemen’s Houthi rebels into the Iran war and as US President Donald Trump threatened to destroy Iran’s main export terminal.

European stocks rose but Wall Street’s major indexes closed mostly lower as markets cast a wary eye on Trump’s comments about negotiations to end the fighting.


Brent North Sea crude, the international benchmark, closed at US$112.78 (RM454) while West Texas Intermediate gained 3.3 per cent to US$102.88 a barrel, closing above US$100 for the first time since the war started.



Iran parliament body approves Hormuz tolls

Iranian state media reported yesterday that a parliamentary commission had approved plans to impose tolls on vessels transiting the Strait of Hormuz, a waterway vital to oil and gas shipments that has been effectively closed due to the Middle East war.


Citing a member of the parliament’s security commission, state TV said the plan involved among other things “financial arrangements and rial toll systems” and “implementing the sovereign role of Iran”, as well as cooperation with Oman on the other side of the Strait.

Dubai announces financial aid

Dubai will provide support worth over US$270 million to help businesses and families, authorities announced Monday, as Gulf states face economic disruption from Iran’s aerial attacks and closure of the Strait of Hormuz.



A drone view of the Panamanian‑flagged Crimson Delight vessel sailing through the Panama Canal as the US Federal Maritime Commission (FMC) said on Thursday it is closely monitoring a surge in detentions of Panama‑flagged vessels in China, a development that appears linked to a Panama court ruling against Hong Kong‑based CK Hutchison, in Gamboa, Panama, March 27, 2026. — Reuters pic



Panama Canal sees traffic increase

The war in the Middle East has prompted a surge in ships utilising the Panama Canal, an executive for the waterway said yesterday.

“We had expected around 34 daily passages” for this year, but in the last two weeks “we’ve been having 38, 39, 40,” the deputy administrator of the canal, Ilya Espino de Marotta, told Telemetro in an interview.

Haifa refinery fire

A large blaze ignited at Israel’s Haifa oil refinery after it was hit by debris from the interception of a projectile yesterday.

Television channels showed black smoke billowing into the sky from the site, while the fire service shared photos of a tank on fire, shortly after the Israeli military said it had detected new missiles from Iran.

Sri Lanka raises electricity prices 40 per cent

Sri Lanka announced a nearly 40 per cent increase in electricity prices from Wednesday as it battles an energy shortage caused by the war in the Middle East.

Sri Lanka has raised fuel prices three times this month, increasing them by more than a third, and has imposed a four-day working week in a bid to save energy.

Norway cuts fuel taxes

Norway will temporarily cut its taxes on petrol and diesel to counter rising prices as the Middle East war disrupts global energy supplies, the government said.

G7 pledges ‘necessary measures’

G7 economy and finance ministers said yesterday that they stood ready to take “all necessary measures” to ensure the stability of the energy market as they tackled the economic consequences of war in the Middle East.

Bangladesh orders energy saving

Bangladesh has ordered civil servants to switch off lights and turn down air conditioning to save power as the Middle East war worsens an energy crunch, officials said.

Gulf energy targets

Kuwait said an Iranian attack on a desalination and electricity plant killed one worker and damaged a building as Tehran pressed its aerial campaign against its Gulf neighbours.

Iranian grid ‘stable’

Iran has restored electricity in parts of Tehran and nearby areas after strikes damaged power grids and briefly disrupted supply, deputy energy minister Mostafa Rajabi-Mashhadi told state television.

Indian rupee hits fresh record low

India’s rupee fell to a record low of more than 95 to the dollar yesterday, before recovering, despite recent efforts by the central bank to stem its fall. — AFP


Latest in Middle East conflict: Tanker hit in Dubai, drone targets US embassy in Baghdad, Nato stops Iran missile






Latest in Middle East conflict: Tanker hit in Dubai, drone targets US embassy in Baghdad, Nato stops Iran missile



An Emirates aircraft prepares for landing as a smoke plume rises from an ongoing fire near Dubai International Airport in Dubai on March 16, 2026. Falling debris from an air defence interception sparked a fire and wounded four people in the city, authorities said. — AFP pic

Tuesday, 31 Mar 2026 9:26 AM MYT


PARIS, March 31 — Here are the latest developments in the Middle East war:

Tanker fire in Dubai

An Iranian attack sparked a fire on a Kuwaiti oil tanker at Dubai Port, state media reported today, adding there were no injuries.

“The Kuwaiti giant crude oil tanker was subjected to a direct and malicious Iranian attack while in the anchorage area of Dubai Port in the UAE,” official news agency KUNA reported, citing Kuwait’s state-owned oil company.



Also in Dubai, falling debris from an air defence interception sparked a fire and wounded four people in the city, authorities said.


Netanyahu: Progress on war goals

Israeli Prime Minister Benjamin Netanyahu said the war on Iran had achieved more than half its aims, without putting a timeline on when it would end.


“It’s definitely beyond the halfway point. But I don’t want to put a schedule on it,” Netanyahu told the conservative US broadcaster Newsmax.

Two UN peacekeepers killed

The United Nations Interim Force in Lebanon (UNIFIL) said two personnel were killed yesterday in a blast in the country’s south, after another peacekeeper was killed a day earlier.

Two other blue helmets were injured in the explosion, one severely, the force said, adding that it had opened an investigation.

Drone attack targets US embassy in Baghdad

One civilian was wounded in Iraq’s capital Baghdad late yesterday after shrapnel from an intercepted drone attack targeting the US embassy fell onto their neighbourhood, a police source said.

The attack follows a rocket strike the previous evening that targeted an Iraqi military base inside the Baghdad airport complex, which also houses a support centre for the US embassy.

Iran panel approves Hormuz toll plan

Iranian state media reported that a parliamentary commission had approved plans to impose tolls on vessels transiting the Strait of Hormuz, the waterway vital to oil and gas shipments that has been effectively closed due to the Middle East war.

Citing a member of the parliament’s security commission, state TV said the plan involved, among other things, “financial arrangements and rial toll systems” and “implementing the sovereign role of Iran”, as well as cooperation with Oman on the other side of the strait.

G7 ministers pledge action on energy

G7 economy and finance ministers said they stood ready to take “all necessary measures” to ensure the stability of the energy market, roiled by the war.

Nato intercepts Türkiye-bound missile

Nato forces intercepted a new missile fired from Iran towards Türkiye, the fourth since the start of the Middle East war.

None of the four projectiles managed to hit Turkish soil, according to the authorities.

Egypt’s Sisi asks Trump to help stop war

Egyptian President Abdel Fattah al-Sisi urged his US counterpart Donald Trump to help end the war.

“I say to President Trump: no one will be able to stop the war in our region, in the Gulf... Please, help us to stop the war, you are capable of it,” Sisi said in Cairo.

US ‘hopeful’ in private Iran talks

US Secretary of State Marco Rubio voiced hope for working with elements within Iran’s government, saying the United States privately had received positive messages.

Rubio said that there were internal “fractures” inside the Islamic republic and that the United States hoped figures with “power to deliver” take charge.

Israel strikes Iran university

Israel’s military said it had struck the Imam Hossein University in Tehran run by Iran’s Revolutionary Guards, claiming the institution was used for advanced weapons research.

Trump threatens Iran oil hub


Trump threatened to destroy Iran’s oil export hub of Kharg Island, oil wells and power plants if it does not agree soon to a deal to end the war.

Trump wrote on his Truth Social network that while the United States was in “serious discussions” with “a more reasonable regime” in Tehran, if an agreement was not forthcoming Washington would set about “completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!)” — AFP

BNM cuts OPR to 2.75pc as global developments threaten Malaysia’s economic outlook






BNM cuts OPR to 2.75pc as global developments threaten Malaysia’s economic outlook



Malaysia’s central bank says its pre-emptive rate cut is aimed at keeping growth steady amid global uncertainty. — Picture by Yusof Mat Isa

Tuesday, 31 Mar 2026 10:54 AM MYT


KUALA LUMPUR, March 31 — While the domestic economy was on solid footing in 2025, global developments posed greater downside risks to Malaysia’s growth outlook, prompting Bank Negara Malaysia (BNM) Monetary Policy Committee (MPC) to make the pre-emptive decision to reduce the overnight policy rate (OPR) by 25 basis points to 2.75 per cent in July last year.


BNM said the MPC always looks ahead when making monetary policy decisions as changes to the OPR do not affect economic activity and inflation right away.


“By acting early, the MPC sought to ensure that policy support would already be in place if these risks materialise. If they did not, the costs of acting pre-emptively were limited, given that inflation remained contained,” BNM said in its Annual Report 2025 released today.

According to the central bank, when the United States (US) announced higher import tariffs in early 2025, it affected global trade flows and increased uncertainty around policy and growth outcomes.


“As a highly open economy, Malaysia is exposed to external developments, and the MPC therefore assesses their impact on the outlook of domestic economic growth and inflation,” it said.


BNM said throughout the rest of the year, Malaysia’s economy continued to be supported by steady spending and investment and inflation also stayed low, helped by contained global cost conditions and the absence of excessive demand pressures.

“In this environment, the MPC kept the OPR unchanged, as it viewed the current stance as appropriate and supportive of the economy.”


It said domestic inflation stayed broadly contained in 2025 with headline inflation moderated further to 1.4 per cent as global cost conditions eased while core inflation stayed stable and close to its long-term average of two per cent, supported by steady domestic demand without undue price pressures.

It said the ringgit strengthened in the first half of 2025 driven by global investor interest in emerging market economies assets amid trade-related uncertainties.

“This continued into the second half of the year, supported by easier global monetary policy. This included the US Federal Reserve, which lowered its policy rate three times since September 2025,” it added.

BNM said the pre-emptive cut is expected to continue providing additional support to the broader economy in 2026.

“In addition to our monetary policy decisions, we reduced the Statutory Reserve Requirement ratio from two per cent to one per cent in May. This provided banks with greater flexibility to manage liquidity in the face of financial market volatility.

“Throughout the year, our monetary operations focused on maintaining sufficient liquidity in the domestic banking system to support financial intermediation,” it said.

Moving forward, BNM expects the global environment to remain uncertain, with many moving parts shaping domestic economic conditions.

“Despite this, Malaysia’s economy is projected to remain on a firm footing, supported by resilient domestic demand. We expect inflation to stay moderate, keeping price changes steady and predictable,” it added. — Bernama