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European gas prices soar to four-year high over winter supply fears

26 October 2026 at 10:35

Jump fuelled by fears of further Middle East supply disruptions amid reports of US-Israeli plans to strike Iran

European gas prices have jumped to levels not seen since 2022 as fears continue to grow around the continent’s supply this winter and the conflict in the Middle East.

Wholesale gas prices hit €97 (£81) a megawatt-hour on Monday, as temperatures across Europe fell and traders priced in stronger demand for heating.

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© Photograph: Neil Hall/EPA

© Photograph: Neil Hall/EPA

© Photograph: Neil Hall/EPA

The Iran war and the ‘terrible power of the purse’

By: A A
26 October 2026 at 10:14

Netanyahu is telling Trump that he needs now to finish the job of destroying Iran

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The ‘Grand Design’ to “maintain [western civilisation’s] place at the head of the world” (as U.S. Secretary of State Marco Rubio put it) requires the tools for ensuring compliance are two-fold: The creating of destructive revolutionary fervour from below (now termed ‘regime change’); and secondly, the use of what Theodore Herzl in a now famous phrase termed “the terrible power of the purse to exert irresistible pressure on international politics” in order to co-opt the ruling strata into a power network that would advance the Grand Design ‘project’.

This is what we are observing with Trump’s war on Iran. The June 2025 Israeli-American attack was primarily a decapitation attack designed to disable both Iran’s political and military leadership, whilst armed Mossad trained elements, the MEK and Baluchi separatists inter alia would be inserted into Iran to foment revolution from the street below. At that time, the former Shah’s son – implausibly – was being presented to the western media as the incoming leader of Iran.

It did not work. And now Netanyahu is touting that Israel has ‘fresh evidence’ that Iran is moving towards producing a weapon component to its nuclear programme. He is telling Trump that he needs now to finish the job of destroying Iran. And to motivate Trump further, leadingIsraeli daily Ma’ariv reports that Israel stove-piped Likud polling directly into the White House to the effect that Netanyahu might win the Israeli elections on 27 October. According to the report, this Likud information (that runs counter to most other Israeli polls) prompted Trump’s full-hearted election endorsement of Netanyahu.

At the same time, the pro-Zionist billionaire donors are wielding the ‘terrible power of the purse’ at Trump: ‘We will not accept anything less than the defeat of Iran. If you continue to seek a deal we will pull our financial support from you’.

Senior current and former security officials in Israel however, refute the need for an imminent attack on Iran and Netanyahu’s claim of new evidence of Iran moving toward a nuclear weapon –

IDF Chief of Staff Zamir told Israel’s Channel 13: “We don’t see a need to attack Iran before the elections”;

Leading Israeli military strategist Udi Evental has cautioned:

“A war to thwart the elections and democracy, not to thwart Iran’s nuclear programme. Netanyahu, who is suspected of being up to his neck in extraneous political and personal considerations, is unfit to make such a decision. He must not be allowed to”.

Whether or not there is such evidence really does not matter. Likely it doesn’t exist. The claim simply forms the peg on which the U.S. is beingtold to take action to ‘finish the job’ on Iran.

As ever, Netanyahu said in the last days:

“Iran is once again trying to develop its weapons of death … There is only one way to remove this threat once and for all – to topple the regime in Iran, and that is my directive to the IDF, the Mossad and the security agencies.”

A senior Iranian official told Drop Site that Tehran’s current internal intelligence assessment indicates a high likelihood that large-scale bombing may begin – even before Tuesday’s Israeli elections.

The point here is that Iran does not care who wins in the midterms, nor who will win the U.S. Presidency in 2028. For the Iranian leadership it is all the same. They well understand the concept of the ‘Grand Design’ (how could they not?).

It is well understood in Iran that they are engaged in a long war confronting the entire Atlanticist bloc – Israel, its intelligence services, its arsenals, its satellites, its military industry, and its media machine. It does not matter whether it is a Republican or a Democrat in the White House. Senior Iranian officials see both parties to have been bought by the Zionist terrible power of the purse.

Understanding the ‘Design’ is to understand that the Zionist donor class will never be satisfied by some ‘deal or trade-off’. They claim it to be certain that Iran ultimately would renege on any mooted acquiescence to U.S. demands. Israelis and their donor class auxiliaries simply do not believe (and repeat incessantly) that Iran would ever accept compliance to Israel, or to accept U.S. political and cultural dominance.

They may be right. Why?

Simply because Iran has a deep civilisation, stretching back to a specifically Persian-Iranian complex of beliefs and practices of the second millennium BCE – Mazdaism, a cosmology of divine drama, represented by the continuing struggle between Light and Darkness.

The renown scholar, Professor Henri Corbin, has argued that “Iran was situated at a centre … it being not only a nation or an empire, but a spiritual universe”. He understood Iran therefore, as a mediating force, both geographically and metaphysically.

For millenia, Iranians have experienced the world as having a clear metaphysical dimension – and history. It is therefore unlikely that they would be attracted to a western nihilistic material posture. Civilisational states, whether Iran or Russia, that embrace contrarian values would never succumb to the ‘Grand Design’. Hence, they must be destroyed.

What does this metaphysical history mean? It means that Iran is preparing for war, not for a ‘deal’. Mohsen Rezaei, Secretary of Iran’s Supreme National Security Council and personal representative of Supreme Leader Ayatollah Mojtaba Khamenei, stated that,

“If the question is whether Iran still has the ability to continue missile and drone operations [in the event of an attack], the answer is ‘yes’ … The United States has valuable assets in the region. In the event of war, cables, data centres and artificial intelligence facilities could also come within range. If the conflict begins again, we will have a broader plan”.

      “Everyone must understand that action against Iran carries a cost”.

Senior Iranian officials believe that war is coming. Iran has extensive plans (in the event of an attack) that encompasses Saudi Arabia and its leadership, too, a senior Iranian hinted. Karl Miller (from the field) states that in this respect, already a quarter of Saudi oil production has been destroyed and that the damage as a result of AnsarAllah’s retaliatory attacks runs through the whole Saudi production chain – ‘from wellhead to the gas station’ – and that Saudi Arabia has been covering the gap by draining their tanks.

Miller’s report, quoted by Larry Johnson, warns that,

“if Saudi Arabia’s export outlets close, its oil has nowhere to go but to its own refineries, its own power plants and its storage tanks. Once the storage is full, that is roughly the ceiling on what Saudi Arabia could keep producing. Close Ras Tanura and Yanbu at the same time, and the Kingdom would have to shut in most of its oil fields. That is exactly the scenario Ansar Allah’s campaign against the pipeline, the Red Sea and the Gulf terminals, is built to produce”.

“Any new American or Israeli campaign against Iran will land on a Saudi energy system that has no slack left to absorb it”, Larry Johnson observes.

Any new attack on Iran, by extension, will mean the end to the Gulf as we know it, an end to the petrodollar, and an end to the Gulf as the primary supplier of hard cash to Wall Street and the Tech world.

Nonetheless, Trump reportedly has said that the U.S. is not currently negotiating with Iran, and something will happen “fairly soon”.

Maybe. (But with Trump everything distils into speculation). But if he is bluffing, it won’t work, and his humiliation will be all the deeper.

One man who knows Trump better than most (having authored four books on him), Michael Wolff, opines that if the Democrats win in the 3 November midterms –

“They will be trying to impress upon the world that it is ‘a new day’. Trump, for his part, will be trying to impress upon the world that he still controls the stage. There will be a series of these kinds of things (such as a putative invasion of Cuba, for example) greater than anything we may have imagined. He will not be humbled. The idea of humility does not exist in Donald Trump’s soul. Therefore he will do – the opposite”.

“Not retreat but attack”.

The North Sea Green Paradox

26 October 2026 at 09:00

Green blobbers want us to stop drilling because the North Sea is running dry – so why the panic about oil and gas extraction? The answer is that it’s as much about politics and punitive taxes as geology, says Ben Pile.

The post The North Sea Green Paradox appeared first on The Daily Sceptic.

Trump on high gas prices: 'We're making a freaking fortune'

25 October 2026 at 18:04
WASHINGTON, DC - OCTOBER 20: U.S. President Donald Trump gestures to reporters to be quiet during an event in the Oval Office of the White House on October 20, 2026 in Washington, DC. Trump and Vance announced a new $25 million dollar federal Fraud Whistle Blower Incentive Program with the Department of Justice to pay up to $30,000 to citizens who give verified tips that lead to a conviction or major enforcement action. (Photo by Andrew Harnik/Getty Images)
President Donald Trump said on Saturday that American oil companies were making a fortune on the Iran war.

Andrew Harnik/Getty Images

  • Trump said on Saturday that American oil companies are making a "fortune" on the Iran war.
  • Americans, however, are paying record prices at the pump, according to AAA.
  • Trump made the comments less than two weeks from the midterm elections.

Though regular Americans are paying more at the pump, US oil companies are striking it rich, President Donald Trump said on Saturday.

Speaking at a rally in Georgia, Trump said that oil prices are "temporarily high," but added that the throttling of the Strait of Hormuz has pushed oil buyers to American companies with operations in Texas, Oklahoma, and Louisiana.

"The United States oil and gas business is making hundreds of billions of dollars," Trump said. "I don't give a damn, I'm going to say it — we're making a freaking fortune."

Indeed, a Q2 report this year from the Oil & Gas Journal, a trade publication, noted that "surging crude prices tied to ongoing Strait of Hormuz disruptions" fueled massive windfalls for North American oil companies.

Year over year, a sample of 38 US producers and refiners collectively grew revenues by about $140 billion, the Oil & Gas Journal reported.

Those profits, however, are not exactly shared by the American public.

AAA reported that the average price of regular gas in the United States is now at $4.29 a gallon. In February, one day before the US and Israel launched surprise attacks on Iran, gas prices were at $2.98.

Diesel prices have also increased precipitously since the American war on Iran began. On Sunday, AAA reported that they sat at $6.35, up from $3.75 a day before the conflict began. Shipping companies rely on diesel to power their boats and trucks. Higher diesel costs are often passed onto consumers in the form of higher prices.

Trump's comments are unlikely to curry goodwill among an American electorate reckoning with an affordability crisis less than two weeks out from midterm elections. The White House did not immediately respond to a request for comment sent on Sunday.

As the midterms approach, Trump has taken steps to lower gas prices.

On October 9, Trump said he reached a deal with Russian President Vladimir Putin to import Russian diesel, which had been heavily sanctioned since the start of Russia's invasion of Ukraine. Analysts warned the move could provide a lifeline to the Russian economy as the country seeks to bombard Ukraine into submission this winter.

"I can see just the fake headlines — 'President Trump is talking about all the money they're making while people are suffering at the pump,'" Trump said at the Georgia rally. "That'll be the headline."

Read the original article on Business Insider

Is Tallinn closing off the Baltic Sea? The height of absurdity

By: A A
25 October 2026 at 15:27

A country with a population of 1.3 million announces that it can strangle the commercial lifeline of the world’s leading nuclear power in a matter of hours.

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A string of provocations, but it’s all just cheap jewelry

Certain statements should be read twice – the second time aloud – to be sure you didn’t dream them. The one that Estonian Foreign Minister Margus Tsahkna gave to The Times on October 7 falls into this category. Estonia, the minister informs us, would be able to assemble a force of 50,000 experienced soldiers “in a matter of hours” and, again within a few hours, block Russia’s access to the Baltic Sea, which he describes as a vital artery of the Russian economy. For Moscow, that sea is a matter of survival, he added, especially since the Black Sea, he claims, is already closed off. Then, with a sense of timing that no playwright would have dared to imagine, Tsahkna called it “absurd” to describe NATO as an offensive organization.

The minister’s outburst did not come out of the blue. It comes at the end of an autumn that Tallinn has methodically shaped. In mid-September, the government announced it was ready to seal the border if a general mobilization were declared in Russia; on October 1, it banned the transit of Russian and Belarusian wheat; around the same time, the Financial Times reported on elite units being deployed to the border and the purchase of weapons capable of striking deep into Russian territory. The defense budget for 2026 stands at 2.4 billion euros, or 5.4% of gross domestic product. We are looking at a country of 1.3 million people that has chosen to live in a state of constant readiness and to let the world know, every week, just how prepared it is to fight.

The minister was careful to specify that the blockade would be triggered only after a Russian attack capable of invoking Article 5. The clause is about as reassuring as a “friendly dog” sign hanging on the gate of a kennel. Publicly announcing a plan to choke off a nuclear power’s main energy export route remains a deliberate political act, regardless of any qualifying conditions attached to it. Under customary international law, a naval blockade is an act of war; and in the age of severed cables, stateless drones, and oil tankers in the so-called “shadow fleet,” the threshold for what constitutes an “attack” has become elastic. Who decides when it has been crossed? The very same government that denounces a new provocation every morning?

The math of fifty thousand

Let’s focus on the numbers, which are the most entertaining part. According to public data from the Estonian armed forces, the wartime strength is just over 43,000. Of these, only 4,200 are on permanent standby; the rest are reservists and volunteers from the Defense League – brave people who train in the woods on weekends. So, there are no 50,000 “experienced” soldiers in a matter of hours. Unless you count those from other countries.

And that is exactly how the figure should be interpreted. Tsahkna’s 50,000 do not speak Estonian. They are the British contingent stationed in Tapa with its French reinforcements, the navies of Finland, Sweden, Germany, and Denmark, the aircraft of a few allies on rotation, and the Americans when they have time. A dozen or so flags, each with its own chain of command, its own parliament, its own public opinion, and its own election calendar. The Estonian minister disposes of that army the way a condominium manager disposes of the residents’ savings: in words, with great nonchalance. Could some assistant please explain to him how to do his job?

Let’s try to imagine the first missile. In London, the cabinet meets and seeks a legal opinion. Paris launches a strategic review, which requires a document and a conference. Berlin awaits the Bundestag’s vote and the blessing of its less-than-convinced coalition partner. Rome seeks clarification at the Atlantic Council; Budapest puts its reservations on record; Washington is busy elsewhere. Article 5, after all, doesn’t force anyone to fire a shot: it obligates each ally to take the action it deems necessary, and “necessary” can mean anything from an aircraft carrier to a note of protest. The oldest debate in any coalition would immediately begin: who steps in first, who withdraws last, who covers whose flank, and who pays for the fuel. Meanwhile, the Estonians would be there counting down the minutes.

European history is all too familiar with this scenario. In September 1939, France and Great Britain had guaranteed Poland’s security with the same solemnity with which Tallinn is guaranteed today. They declared war, and then spent eight months behind the Maginot Line simply watching: the French called it the drôle de guerre, the “phoney war.” Warsaw, meanwhile, had long since stopped laughing.

Let’s now set aside arithmetic for geography, which isn’t swayed by interviews – someone should tell the Minister that! About eighty kilometers of sea lie between Tallinn and Helsinki: it is along this narrow passage that the minister would like to close off the Gulf of Finland. From the Estonian capital to the Russian border at Narva, there are just over two hundred kilometers. Russia’s GDP, in nominal terms, is more than fifty times that of Estonia. The Baltic Fleet is based in Kronstadt, at the far end of the Gulf, and in Baltiysk, in the Kaliningrad exclave; which means, incidentally, that a substantial portion of that fleet is already outside the “plug” that Tallinn dreams of inserting.

Strategists carefully distinguish between three things that Estonian politicians happily confuse: guarding a passage, making its use risky for the adversary, and maintaining stable control over it. The first is possible; the second is costly; the third, against Russia, has never succeeded for anyone. Those who lay mines may fall victim to them; those who deploy coastal anti-ship batteries become, in turn, fixed targets, surveyed down to the meter.

And this is where physics comes in. Russia’s conventional arsenal includes Iskander missiles deployed just a few dozen minutes’ flight away, ship-launched Kalibr missiles, TOS-1A thermobaric rocket launchers, and high-yield glide bombs. There’s no need to bring up nuclear warheads, which remain the favorite bogeyman of Western talk shows. The coastal batteries, depots, command centers, and docks from which our dear friends in Tallinn intend to block the Gulf would go from a solid to a gaseous state in the time between launch and impact. And with them, the solidity of Estonia’s political stance would evaporate, long before an agreement on the statement is reached in Brussels. We’re not writing this to be smug. We’re writing this because, in that scenario, ordinary Estonians would be the first to pay the price, used as pawns by a ruling class that’s playing with fire in its own living room.

Creative accounting for oil

There remains the issue of the “lifeline.” Tsahkna attributes about 60% of Russian oil exports by sea to the Baltic route. Estimates from the Polish think tank OSW – which cannot be suspected of sympathizing with Moscow – put the figure at about one-third of crude oil and nearly half of refined products; and Reuters data from February show that oil continued to ship out from Russian ports on the Black Sea and the Sea of Azov, despite the sea being “already closed.” Inflating figures is an age-old rhetorical technique: it serves to make the threat seem more deadly than it is and one’s own position stronger than it actually is.

Moreover, a blockade would not affect only Moscow. Neutral shipowners, insurance companies, freight rates, refineries, and energy prices would all suffer the consequences, and Europe – which in recent years has already paid dearly for its economic war against Russia – would once again bear the cost. There’s even a grotesque detail: in 2025, Estonia sold goods worth approximately 252 million euros to Russia. They’re threatening to cut off their neighbor’s lifeline, but in the meantime, business as usual continues.

Why, then, all the fuss? The answer lies in the role the Estonian ruling class has carved out for itself within the Alliance: that of the permanent vanguard, the most zealous member of the eastern flank, the top student who raises their hand before the teacher finishes the question. It’s a source of privilege. It guarantees attention, funds, allied troops on its territory, and invitations to summits. And it becomes all the more valuable as the possibility of a ceasefire in Ukraine draws nearer – a prospect feared in many Atlantic capitals as the end of the emergency that justifies everything. So the fever must be kept high: a statement every week, a ban every month, a threat of a blockade every fall.

In 1955, Leonard Wibberley published a satirical novel, *The Mouse That Roared*, in which the tiny Grand Duchy of Fenwick declared war on the United States with the sole purpose of losing it and collecting reconstruction aid. The difference with Tallinn lies in the ending. The Grand Duchy counted on losing to a generous power, an ocean away. Estonia is threatening a neighboring power – one that has forgotten nothing since 1991 – and is entrusting its fate to a coalition that has never fought a real war together against an opponent of equal strength.

From apotheosis to casus belli?

Let’s recap. A country with a population of 1.3 million announces that it can strangle the commercial lifeline of the world’s leading nuclear power in a matter of hours. To do so, it relies on soldiers it doesn’t have – lent by allies it hasn’t consulted – based on oil figures that Western sources themselves downplay. It ties all of this to a war that its rhetoric makes a little more likely every day, and in the same breath accuses those who see NATO as something offensive of absurdity. If there is such a thing as the apotheosis of the absurd, it can be found at the Foreign Ministry in Tallinn.

Moscow, to tell the truth, doesn’t even need to respond. Geography does it, the balance of power does it, and the history of European coalitions – which have always found it easier to make promises than to keep them – does it. Deterrence that turns into permanent provocation ceases to dissuade and begins to seek its own casus belli. The Baltic Sea deserves mature diplomacy among the coastal states that will have to share it anyway. For now, it must settle for – a minister who roars – and an audience of allies who, at the first real blow, will look around wondering who should answer the phone.

First Russian Diesel From Putin-Trump Deal Heading for US

23 October 2026 at 17:34
The first Russian diesel bound for the US following a surprise agreement reached between Moscow and US President Donald Trump is aboard a tanker heading for New York, ship-tracking data showed on Friday.

Inside the legal design of America's Russia sanctions U-turn

23 October 2026 at 17:18

The first Russian diesel tanker under the new deal between Russia and the United States is now heading for New York with a 40,000-metric-ton cargo, enough to cover barely two hours of American demand.

The deal began with a phone call, in which Russian President Vladimir Putin seems to

Abu Dhabi Peace Talks: Why Putin’s Ambitions May Defeat Trump’s Economic Bargain

23 October 2026 at 16:34

Washington is offering Moscow sanctions relief, commercial opportunities and a possible return to European energy markets. Yet the Kremlin’s objectives in Ukraine extend far beyond economic interests, raising questions about whether Vladimir Putin has any intention of accepting a settlement that preserves Ukraine as an independent European state.

The Kremlin has announced plans for renewed negotiations between Russia, Ukraine and the United States in Abu Dhabi during the first half of November, reviving a diplomatic process that has repeatedly failed to produce a settlement to Moscow’s war against Ukraine.

Russian presidential spokesman Dmitry Peskov said on Friday, 23 October, that the discussions would concentrate on post-war security arrangements. He also left open the possibility of eventual European participation, although the initial meeting is intended to remain trilateral.

The announcement follows talks in St Petersburg between Vladimir Putin and Donald Trump’s special envoy Steve Witkoff. Yet the emerging American proposals reveal a fundamental problem: Washington appears increasingly prepared to offer Russia substantial economic incentives, while Moscow has provided little indication that its political objectives in Ukraine have changed.

The economic bargain taking shape

According to details reported on 23 October, citing The Economist, the American proposals involve Ukraine abandoning its ambition to join NATO in exchange for investment, security arrangements and the prospect of European Union membership.

Russia would receive sanctions relief, renewed commercial relations with American companies and potentially the restoration of natural gas exports to Europe. A demilitarised zone in Donbas is also reportedly under consideration.

The commercial dimension extends beyond theoretical proposals.

American and Russian representatives have discussed investment in the Nord Stream pipeline system and possible arrangements involving Lukoil’s international assets. The negotiations surrounding Russian energy infrastructure suggest that Washington regards commercial cooperation as a potential instrument for securing Moscow’s agreement.

There is no established evidence that Witkoff, Jared Kushner or members of Trump’s family would personally benefit from these arrangements. Nevertheless, the involvement of investors in strategically important Russian assets raises questions about whether economic agreements might advance independently of a settlement acceptable to Ukraine.

The Trump administration has already demonstrated its willingness to relax economic pressure. On 16 October, the president waived major provisions of the Graham sanctions legislation, which he had signed into law only four weeks earlier.

As EU Today previously examined, the decision suspended measures designed to increase the economic costs of Russia’s continuing aggression. Washington justified the waiver on the grounds that sanctions could interfere with negotiations.

Why Putin’s objectives are not primarily economic

The central weakness in a settlement built around commercial incentives is the assumption that Putin’s territorial and political demands can ultimately be exchanged for economic advantages.

Russia’s objectives have never been confined to Donetsk, Luhansk or access to Western markets.

In his July 2021 essay on the historical unity of Russians and Ukrainians, Putin advanced a conception of the two nations as belonging to a single historical and cultural space. His interpretation, examined by the Centre for Eastern Studies, challenged the legitimacy of Ukraine’s development outside Moscow’s political influence.

These ideas preceded the full-scale invasion of February 2022. They also followed Russia’s annexation of Crimea in 2014 and its intervention in eastern Ukraine.

Putin’s demands therefore concern more than military geography. They involve the extent to which Ukraine can exercise independent political authority, determine its international alliances and integrate with Western institutions.

Even a settlement granting Moscow substantial territory could leave this larger objective unresolved.

An independent Ukraine, increasingly integrated into the European economy and protected by Western security commitments, would remain outside Russia’s political control. For a Kremlin leadership that has repeatedly questioned Ukraine’s separate historical identity, such an outcome would represent a limitation on its wider ambitions.

Putin reinforced this position on 22 October when he again described Ukrainian territory in Donbas as historically Russian.

The advantages of negotiations without compromise

This creates an apparent contradiction. Why would Moscow return to negotiations if its broader objectives remain incompatible with the proposed settlement?

One explanation is that participation itself offers Russia strategic advantages.

Negotiations can preserve diplomatic engagement with Washington, complicate attempts to introduce additional sanctions and maintain American pressure on Kyiv to accept territorial concessions.

They also provide opportunities to negotiate economic arrangements before fundamental security questions have been resolved.

For Putin, the political timetable in Washington is relevant. Trump’s presidency is constitutionally limited to January 2029. Moscow can seek to exploit the present administration’s interest in a diplomatic agreement while continuing military operations.

None of this establishes that Putin has definitively rejected compromise. However, the Kremlin’s willingness to attend negotiations is not equivalent to a willingness to abandon its demands.

Russia continues attacking Ukrainian cities and energy infrastructure. As EU Today reported on 22 October, Russian forces launched 21 ballistic missiles against Kyiv shortly after Witkoff’s discussions with Putin.

The simultaneous pursuit of diplomatic engagement and military pressure allows Moscow to negotiate while attempting to alter conditions on the battlefield.

Europe cannot be treated as an economic bargaining chip

The proposed return of Russian gas exposes another contradiction in Washington’s approach.

The European Union has already adopted binding legislation to phase out Russian gas imports, with full restrictions taking effect during 2027.

The European Commission reiterated on 19 October that it had no plans to reverse its position. Reopening Nord Stream would also face sanctions, infrastructure and political obstacles, particularly in Germany.

Consequently, Washington cannot independently promise Moscow renewed access to European energy markets.

Nor can it guarantee Ukraine’s accession to the EU. Membership requires agreement among the existing member states, completion of accession negotiations and ratification of the relevant treaty.

A settlement negotiated primarily between Washington and Moscow would therefore depend on European decisions over which neither government has unilateral authority.

This helps explain the significance of Peskov’s remarks about possible European participation. Moscow needs European cooperation to secure meaningful sanctions relief and access to markets, even while seeking to negotiate Europe’s security arrangements principally with Washington.

The unresolved question

Trump’s approach rests on the proposition that economic incentives can make a settlement more attractive to Moscow than continued warfare.

Putin’s position presents a different calculation. The Russian president must weigh the benefits of restored commercial relations against the political implications of recognising Ukraine’s durable independence and Western orientation.

Those objectives may prove incompatible.

A settlement that restores Russian energy revenues without credible guarantees against renewed aggression could reduce Moscow’s economic constraints while leaving the causes of the war unresolved.

The decisive test in Abu Dhabi will therefore not be whether negotiators can agree on investment, pipelines or sanctions relief. It will be whether Russia is prepared to accept a Ukrainian state whose sovereignty, political direction and future European integration remain beyond Moscow’s control.

Until that question is answered, renewed negotiations may offer Washington the prospect of a diplomatic achievement while allowing the Kremlin to pursue objectives it has not publicly abandoned.

Oil prices hit highest point since May

23 October 2026 at 15:58
Oil prices on Friday hit their highest point since May as the war in Iran drags on. As of Friday morning, futures for international benchmark Brent crude were trading at $116 per barrel, while U.S benchmark West Texas Intermediate traded at about $102. The high prices come as the war in Iran nears the eight-month…

AI stocks weigh on markets Thursday as oil rises to highest price since May

22 October 2026 at 18:39
Drops for stocks in the artificial-intelligence industry are dragging markets down worldwide on Thursday, while oil prices hit their highest levels since May amid the Iran war.

AI stocks weigh on markets Thursday as oil rises to highest price since May

22 October 2026 at 18:39
Drops for stocks in the artificial-intelligence industry are dragging markets down worldwide on Thursday, while oil prices hit their highest levels since May amid the Iran war.

Caro vita e rincari, i costi reali delle guerre sulle famiglie italiane

By: A A
22 October 2026 at 16:05

In questi giorni il caro vita turba i sonni del mondo politico e sindacale, compresi quanti finora hanno ignorato i diffusi rincari dell’energia e dei beni di prima necessità, riducendo l’emergenza a mera polemica politica.

Segue nostro Telegram.

In questi giorni il caro vita turba i sonni del mondo politico e sindacale, compresi quanti finora hanno ignorato i diffusi rincari dell’energia e dei beni di prima necessità, riducendo l’emergenza a mera polemica politica.

Tuttavia, anche le poche mobilitazioni in corso dimenticano che la causa primaria dell’inflazione è proprio l’economia di guerra: l’escalation militare ha fatto ripartire la corsa dei prezzi, con conseguenze particolarmente pesanti per le economie europee, dipendenti dal greggio in transito nel Golfo Persico.

Un tempo le forniture principali arrivavano dalla Russia a costi decisamente inferiori a quelli attuali. Affermare che l’economia di guerra sia la causa principale dell’inflazione e del rallentamento economico europeo significa semplicemente prendere atto della realtà.

I dati parlano chiaro: tra marzo e agosto la UE ha sostenuto 54 miliardi di dollari di costi aggiuntivi netti solo per le importazioni di gas e petrolio. Questo dato basterebbe da solo ad aprire un dibattito serio sulle conseguenze economiche dei conflitti.

A confermare il quadro è l’Ufficio Studi della CGIA di Mestre: a fine anno gli italiani pagheranno 29 miliardi di euro in più tra rincari di elettricità, gas e carburanti. Solo in Italia il costo dell’energia elettrica è balzato del 51,2%. Rincari dovuti all’instabilità delle catene di approvvigionamento, alle speculazioni finanziarie e all’aumento delle spese militari, che sottraggono risorse essenziali al welfare.

Di fronte a questo scenario, la risposta del Governo appare timida e priva di coraggio. Mentre sostiene le spese per il riarmo, prova a calmierare con fondi pubblici le bollette degli italiani (che stimano una spesa aggiuntiva media di 153 euro all’anno per l’elettricità e 477 euro per il gas). Parallelamente, i rincari a doppia cifra colpiscono anche i beni alimentari di largo consumo: la dimostrazione che non si tratta di un incidente di percorso, ma di un effetto strutturale dell’economia di guerra.

In questo contesto, le manifestazioni di piazza rischiano di rivelarsi inefficaci, sia per la scarsa adesione sia per la debolezza delle motivazioni. Manca una riflessione complessiva sul sistema economico e sui meccanismi che spingono verso il basso i salari (a partire dai criteri di calcolo dell’IPCA). I bonus non sono la soluzione, bensì il sintomo del progressivo smantellamento del welfare pubblico.

È urgente iniziare a parlare apertamente di “economia di guerra”: un modello di produzione che alimenta la corsa alle risorse, dirotta i fondi pubblici verso la difesa e giustifica la sottrazione di risorse ai servizi essenziali. In caso contrario, continueremo a inseguire singoli provvedimenti tampone senza mai affrontare la vera radice del problema.

Articolo originale:  lantidiplomatico.it

Cuba, catastrofe sociale e umanitaria

By: A A
21 October 2026 at 22:05

Gli errori compiuti negli ultimi decenni dal Partito Comunista di Cuba e il criminale e pluridecennale embargo statunitense, rinvigorito e rafforzato negli ultimi mesi da Marco Rubio a nome dell’amministrazione statunitense stanno portando Cuba verso la catastrofe sociale e umanitaria.

Segue nostro Telegram.

Oggi Cuba è intanto un’isola spopolata. Di dodici milioni di cubani, almeno un milione e mezzo se ne erano già andati prima del 2020 e due milioni e mezzo hanno abbandonato l’isola tra il 2021 e il 2026, massimamente attraverso il Nicaragua, nazione che dalla primavera del corrente anno ha interrotto l’accesso senza visto per i cubani. Oggi nell’isola son dunque rimaste solo otto milioni di persone.

Ad andarsene sono stati principalmente i giovani, tra i venti e quarant’anni, per altro altamente qualificati in ragione dell’istruzione gratuita, possibile fino all’università grazie al socialismo. Una dipartita che compromette di fatto il futuro dell’isola a prescindere dagli sviluppi futuri, avendo questa situazione determinato la perdita di almeno una generazione. I più maligni oppositori dicono che questi giovani “abbiano votato con i piedi”, ovvero abbiano espresso la loro lontananza dal sistema socialista andandosene, certamente la drammatica aggressione economica statunitense ha avuto negli anni un peso rilevante nel convincerli a cercare altrove maggior fortuna.

Tuttavia oggi a Cuba i problemi si moltiplicano, anche perché le rimesse da parte dei parenti all’estero sono azzerate o quasi. Soprattutto perché in molti casi hanno smesso di arrivare, bloccate dal terrorismo bancario esercitato con brutale coercizione dal Tesoro statunitense contro tutte le banche di qualsiasi nazione, per cercare di strangolare più ancora che l’economia dell’isola già al collasso, i cubani stessi, secondariamente perché se non si hanno cinquanta dollari per comprarsi una gallina, si devono spendere tre dollari per acquistare un uovo. Con uno stipendio medio di dodici dollari un medico o un professore dovrebbe vivere con un uovo a settimana e nulla più, una pensionata o un pensionato con tre uova al mese. Lo storico sistema della “livreta”, che garantiva almeno riso e fagioli neri per tutti, è totalmente collassato e le mense per i bisognosi recentemente istituite dal governo sopperiscono al dramma alimentare solo parzialmente e nelle situazioni più estreme, in particolare per gli anziani indigenti.

Di più, nell’isola non c’è mai stata povertà. Probabilmente una vita a volte difficile, ma sempre dignitosa. Oggi non è più così, la stretta economica ha imposto una violenta povertà che si sta trasformando in miseria, la quale a sua volta porta alla creazione informale di bande, principalmente di disperati, dedite al saccheggio, per la prima volta dal 1959, inizio della Rivoluzione, Cuba sta diventando un luogo incapace di garantire quella sicurezza che è sempre stata un vanto, una certezza e un orgoglio per i cubani.

La stretta sul petrolio e sul carburante ha conseguenze devastanti. Da gennaio il blocco marittimo statunitense intorno all’isola e la fine del sostegno petrolifero venezuelano hanno assestato un colpo distruttivo e incalcolabile, il cui danno, prima ancora che economico, è  umanitario.

Non solo è del tutto impossibile la raccolta dell’immondizia, venendo ora bruciata a sera negli angoli delle strade, dopo che alcuni anziani vi hanno rovistato alla ricerca di un poco probabile companatico, ma neppure i vigili del fuoco o le forze dell’ordine hanno più benzina, meno che mai i trattori in campagna, le macchine estrattive nel settore minerario, le ambulanze nelle città. Si va in ospedale con il carretto trainato dal cavallo, ammesso che ci sia il cavallo, se si sta in campagna solo il medico locale può intervenire, ovviamente come può e con gli strumenti che ha.

Peggiore la situazione negli ospedali, la mancanza di medicine, l’assenza di elettricità, visto che le centrali elettriche regionali a diesel oggi sono tutte e del tutto ferme, la mancanza di carburante per i generatori di emergenza interni alle strutture sanitarie, hanno spento le sale operatorie e non solo, con il tramonto tutti i reparti non possono che passare nella modalità del riposo in attesa dell’alba successiva. Si opera come prima dell’avvento dell’elettricità agli albori del Novecento, con la volontà, l’intelligenza medico – scientifica e l’abnegazione del personale medico e sanitario cubano, che è e resta tra i più preparati e generosi del mondo, come migliaia di missioni di solidarietà in ogni angolo della terra hanno sempre dimostrato. Tuttavia questo non impedisce che persone di tutte le età, dai bambini agli anziani, muoiano per assenza di cure e di medicamenti.

Si moltiplicano le notizie di personale medico e infermieristico il quale, straziato da questa silenziosa carneficina imposta dal violento ed estremo embargo di questi ultimi mesi, decide di abbandonare il lavoro tra le lacrime per una comprensibile crisi psicologica ed emotiva dovuta all’impotenza e all’impossibilità di assolvere al lavoro sanitario. Un dramma nel dramma, del tutto comprensibile, ma non meno straziante.

I blocchi contro le compagnie aeree, l’assenza di cherosene per ripartire una volta atterrati all’Avana, la possibilità incerta di trovare forse un ciclo – taxi per raggiungere il centro della capitale, pagandolo non meno di cinquanta dollari, che è diventato il prezzo al mercato nero di un litro di benzina per le automobili, di fatto del tutto scomparse dalle strade, più ancora che negli anni del “Periodo especial” negli anni ‘90 del XX secolo, quando almeno ambulanze, automobili della polizia, camion della raccolta dei rifiuti ancora circolavano, hanno azzerato il turismo, stroncando tutte le sue ricadute economiche, a partire dal rum e dai sigari, portando alla definitiva cancellazione di Cuba dalle mete dei viaggi organizzati, prima provenienti da ogni parte del globo terracqueo.

Le campagne, già di loro poco produttive, finiti i fertilizzanti e i pesticidi, fermi i trattori, sono del tutto incapaci di soddisfare il fabbisogno alimentare della popolazione. L’autosufficienza e i tre raccolti annui, mirabilmente e mirabolantemente promessi dagli infuocati discorsi di Fidel Castro nei primi anni della Rivoluzione non solo non si sono mai realizzati, ma con la fine dell’Unione Sovietica e l’apertura al turismo, con l’opportunità in quel tempo di reperire alimentari a prezzi contenuti sul mercato globale e globalizzato, hanno portato allora a non valutare a pieno la necessità di implementare, modernizzare, rafforzare il settore primario, che resta sempre e comunque decisivo per ogni nazione. La produzione è del tutto deficitaria, da qualche mese affidata alla buona volontà di chi lavora la terra, sostenendosi adesso con un vecchio aratro di legno e un mulo o un asino, quando va bene e se c’è, a tirarlo.

Gli zuccherifici sono fermi, così si è tornati a raccogliere la canna da zucchero con il machete e la molitura si realizza con i macchinari se si trova un po’ di benzina e soprattutto i pezzi di ricambio di fatto irreperibili, un’altra disgrazia che comporta continui guasti, all’occorrenza si provvede con i muli che girano le antiche macine di pietra, se son rimaste nei cortili delle aziende. Come se non bastasse il criminale embargo, ecco che i disastri naturali hanno dato il loro nefasto contributo al disfacimento dell’agricoltura cubana, i violenti uragani che hanno devastato l’isola in questi ultimi anni hanno colpito decine di migliaia di ettari di colture, massimamente di canna da zucchero, uccidendo anche decine di migliaia di animali da allevamento. Metà degli zuccherifici per cronica obsolescenza sono stati chiusi con l’avvento del nuovo secolo, molti contadini e operai del settore, qualificati e specializzati grazie all’eccellenza dell’istruzione agraria cubana, hanno abbandonato l’isola trovando facilmente lavoro in tutte le nazioni ispanofone del continente americano.

Il devastante disastro di tutta questa situazione ha di fatto compromesso totalmente la produzione zuccheriera. Nell’anno 1989, l’ultimo del campo socialista e del COMECON, i cubani hanno prodotto otto milioni di tonnellate di zucchero grezzo, mai raggiunte prima e mai più eguagliate dopo quella data, anche perché allora gli zuccherifici funzionanti erano oltre un centinaio e oggi una decina. Ancora nel 2019, anno pre – covid, la produzione ha toccato un milione di tonnellate. Nel 2025, a fronte di una programmazione statale di un quarto di milione di tonnellate, l’isola è riuscita a raccogliere e produrre solo 150mila tonnellate di zucchero, il dato più basso dell’ultimo secolo e mezzo, ovvero a partire dal 1875. Per l’anno in corso 2026 sono difficili le stime, ma vi è la certezza di un evidente calo, con il rischio di un clamoroso e drammatico dimezzamento della produzione del 2025.

Tutta l’attività estrattiva è quasi ferma, se si può forse ancora arare un campo con un zappa, diventa difficile nel 2026 immaginare di scendere in miniera con un piccone. I macchinari di perforazione, estrazione e trasporto in superficie senza carburante restano all’aria aperta a prendere ruggine.

Le ricchezze minerarie non sono poche: nichel in provincia di Holguín, cobalto con riserve tra le più rilevanti a livello globale, cromo nella provincia di Camagüey e destinato all’industria metallurgica e alla produzione di acciaio inossidabile anch’esse del tutto bloccate mancando l’energia per far funzionare le fabbriche, zinco e piombo destinati a una implementazione estrattiva mai avvenuta per gli evidenti motivi di embargo e scarsità di manodopera, che anche in questo caso spesso ha lasciato l’isola.

A fronte di tutto questo l’attaccamento del popolo cubano alle sue istituzioni è ammirevole, al pari dell’amicizia e della solidarietà di nazioni come la Russia e la Cina, quest’ultima capace in questi difficili circostanze di intraprendere una fenomenale campagna di implementazione della capacità di raccolta dell’energia solare attraverso i pannelli fotovoltaici.

Tuttavia la situazione è drammatica e resta difficile elucubrare ipotesi politiche per il futuro, rendendo possibile paventare scenari di ogni sorta.

Resta la tragedia di un un popolo incolpevole, martirizzato dall’imperialismo statunitense per evidente e irriducibile odio politico.

Trivellazioni nel Mare del Nord. L’Ue sorride ma per Burnham iniziano i guai

21 October 2026 at 15:10

Il Partito Laburista ha approvato nuove trivellazioni nel Mare del Nord. Cosa cambia per Londra e per l’Ue? In primis dal lato interno Burnham affronta una rivolta politica sul clima dopo l’approvazione della misura osteggiata da sinistra e ambientalisti, ma dal punto di vista internazionale di fatto è un’occasione interessante (anche se da mettere in cantiere ben prima delle attuali crisi).

Il neo premier non si è discostato dalla traccia imboccata dai due ministri degli Esteri, Fahnbulleh e dal suo predecessore, Ed Miliband. Infatti all’inizio dell’anno, Burnham ha lasciato intendere di condividere le posizioni del presidente americano Donald Trump che premeva non poco per esplorare in quelle zone, promettendo di adottare un “approccio pragmatico” nella decisione finale. Certo dovrà adesso salvaguardare la “sua” opinione pubblica, per questa ragione si lavora su come permettere agli organismi di regolamentazione di valutare le emissioni di carbonio generate dalla combustione del petrolio e del gas estratti dai due giacimenti.

Risale a due mesi fa la richiesta avanzata da Shell ed Equinor per ottenere l’autorizzazione ambientale. Pochi giorni fa il premier rivolgendosi alla Camera dei Comuni, ha affermato: “Adotterò un approccio pragmatico in merito a petrolio e gas; comunicheremo le nostre decisioni a breve”. Ma secondo un sondaggio condotto da Savanta per l’organizzazione ambientalista E3G, un terzo degli elettori Labour sarebbe meno propenso a votare per loro se dessero il via libera a ulteriori trivellazioni petrolifere nel Mare del Nord.

Per cui se nel nord-est della Scozia, area in cui ha sede gran parte del settore industriale, il Labour crescerebbe, altrove perderebbe: è il motivo vero della prudenza dell’inquilino di Downing street, che solo tre mesi fa prometteva bollette accessibili, crescita industriale e un clima pulito. Di contro il Partito Conservatore, all’opposizione e convinto sostenitore del progetto, ha affermato che, se approvato, il giacimento di Jackdaw potrebbe iniziare a riscaldare 1,4 milioni di case nel Regno Unito già quest’inverno.

Che significa aprire il Mare del Nord? Rosebank è il più grande giacimento di petrolio e gas non ancora sfruttato nel Regno Unito: situato a circa 80 miglia a nord-ovest delle Shetland, conoscerà il suo destino entro fine anno. Ha una capacità produttiva stimata tra i 300 e i 500 milioni di barili di petrolio entro circa 25 anni. Invece il giacimento di Jackdaw che si trova a circa 240 chilometri a est di Aberdeen potrebbe essere collegato alla rete britannica in pochissimo tempo.

A tal proposito il presidente degli Stati Uniti ha scritto il proprio pensiero su Truth Social: “Gli abitanti di Aberdeen, in Scozia, stanno ballando per le strade perché il nuovo Primo Ministro, Andy Burnham, ha dichiarato che aprirà completamente i preziosi giacimenti petroliferi del Mare del Nord!”. Lo scorso agosto BP ha messo in vendita la sua attività petrolifera nel Mare del Nord, dopo 60 anni di produzione nella regione. La vendita potrebbe potenzialmente fruttare a BP due miliardi di sterline.

The secret terms of Trump’s Venezuelan oil deal

21 October 2026 at 13:40

In late August, President Donald Trump announced what he called the “biggest oil deal in world history.” Since then, the full text of the accord — which grants the U.S. sweeping access to Venezuela’s oil reserves — has been one of the most sought-after secrets in Washington, DC.  ProPublica has reviewed a copy of the […]

The post The secret terms of Trump’s Venezuelan oil deal appeared first on Asia Times.

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