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Tuesday, April 7, 2026
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Pakistan to repay matured loan deposits to UAE, move to strain its reserves

Islamabad has about $12 billion in debt from friendly countries, mainly China, Saudi Arabia, and the UAE, which have kept extending the loans every year at maturity.

‘Open the F****** Strait’: In explosive warning, Trump threatens to destroy Iran’s power plants, bridges

The post on Truth Social has drawn attention especially for its tone; includes direct insults along with threat of military action, and ends with the Islamic phrase, ‘Praise be to Allah’.

OPEC+ members plan symbolic oil quota hike for May amid war, delegates say

Key producers led by Saudi Arabia & Russia have an agreement in principle to increase targets by about 206,000 barrels a day during a video conference Sunday, delegates tell Bloomberg.

What to expect from China’s new 5-year plan—trade innovation, tensions with partners

ASEAN is struggling against a flood of 'underpriced Chinese goods', while Brazil has imposed anti-dumping duties on Chinese steel.

‘Trump, please talk. We’re bored’—Iran embassies rain memes on America; Lego pilots, F-35 on crutches

Iran’s embassies in various countries have been hurling memes in raging war with US & Israel, targeting Washington’s narrative & Trump’s rhetoric with satire, snark and mockery.

US arrests slain Iranian commander Qasem Soleimani’s niece & grandniece, cancels green cards

State Department says Hamideh Soleimani Afshar & daughter in custody of ICE, accuses Afshar of promoting ‘Iranian regime propaganda’ and celebrating attacks on Americans.

Day after Iran ex-foreign minister Zarif’s call for strategic reset with US, hardline ‘private text’ leaked

Iran should 'take the win' & make a deal, wrote Javad Zarif, a career diplomat, in a piece in Foreign Affairs magazine. But text released by journalist calls for military action, divine help.

Trump’s $2.2 trillion budget pairs defence boost with steep agency cuts

2027 budget proposal requests $1.5 trillion for defence, up from $1 trillion sought for fiscal year 2026. Discretionary non-defense spending would be cut 10%, or about $73 billion.

Secret codes and Yuan fees get ships through Iran’s Hormuz tollbooth

Tankers asked to pay about $1 per barrel in yuan or stablecoins to IRGC-linked intermediaries for escorted transit, with some also required to switch flags to friendly nations.

The Iran war is reshaping global aviation

With airspaces shut and capacity hit, European carriers are adding Asia routes to capture demand, but high fuel prices and temporary shifts have limited upside.

On Camera

Rahul Gandhi wants to jail Himanta Sarma but Congress has a Bihar-sized problem in Assam

The Congress has promised Rs 50,000 assistance to each woman but as we've seen in many recent elections, voters seem to be conscious of the proverb: 'A bird in hand is worth two in the bush.'

Air India CEO Campbell Wilson steps down amid turbulent times, to remain till successor is announced

Development comes days after Air India’s biggest rival IndiGo hired aviation industry veteran Willie Walsh as its next CEO replacing Peter Elbers.

UAE walks away from financing Rafale F5 due to restricted access to technology, reports French media

French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.

China insulated itself against energy shocks. India is ‘all talk, no walk’

China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.