Israel President Invites Rivals to Break Elections Deadlock

Israeli PM Benjamin Netanyahu, President Reuven Rivlin and Benny Gantz of the Blue and White party at the memorial for late President Shimon Peres in Jerusalem, September 22, 2019. (Reuters)
Israeli PM Benjamin Netanyahu, President Reuven Rivlin and Benny Gantz of the Blue and White party at the memorial for late President Shimon Peres in Jerusalem, September 22, 2019. (Reuters)
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Israel President Invites Rivals to Break Elections Deadlock

Israeli PM Benjamin Netanyahu, President Reuven Rivlin and Benny Gantz of the Blue and White party at the memorial for late President Shimon Peres in Jerusalem, September 22, 2019. (Reuters)
Israeli PM Benjamin Netanyahu, President Reuven Rivlin and Benny Gantz of the Blue and White party at the memorial for late President Shimon Peres in Jerusalem, September 22, 2019. (Reuters)

Israel's president invited the two main victors from the country's neck-and-neck election to meet Monday, seeking to break a deadlock that has complicated his task of trying to choose the country's next prime minister.

While formally maintaining only a ceremonial role, President Reuven Rivlin must choose the candidate he believes is best positioned to form a majority coalition in parliament. But last week's do-over election was inconclusive, with neither Prime Minister Benjamin Netanyahu's conservative Likud party nor the centrist Blue and White led by former army chief Benny Gantz having a clear path to forming a government.

"There is one thing that the people are largely united over and that is the desire that there won't be third elections," Rivlin said, according to The Associated Press.

The likeliest outcome is a unity government between the two rivals. Both sides have said they support the idea, but they disagree over who will head it, and Gantz has vowed not to sit with Netanyahu so long as he faces a likely indictment over a number of corruption scandals.

Rivlin on Monday wrapped up his second and final day of consultations with each party in parliament. Based on their recommendations, he must now select the candidate he deems has the best chance of forming a stable coalition.

He is set to make his decision by Wednesday.

In most elections, one of the major parties, along with smaller allies, controls a parliamentary majority. But that did not happen this time. Maverick politician Avigdor Lieberman, whose Yisrael Beitenu party controls eight seats, has refused to endorse either side and is pushing for a unity deal.

Rivlin's office announced that he would summon both Netanyahu and Gantz for a meeting later Monday.

Rivlin will likely pick the candidate with the most recommendations, who will then have 28 days to try to cobble together a government. If the first candidate chosen fails within that time, the second is given the opportunity. If he too doesn't manage, the country could head to an unprecedented third election in less than a year.

In Rivlin's first round of talks on Sunday, the Joint Arab List threw its support behind Gantz, the first time the Arab parties had recommended a candidate since 1992. Arab leaders said the decision was aimed at toppling Netanyahu, whose anti-Arab rhetoric has infuriated and offended Arabs in Israel during his decade in power. The backing promised to give Gantz slightly more support.

But on Monday, three Arab lawmakers said they were withdrawing their recommendations for Gantz, trimming his support to below Netanyahu's.

So far, a total of 55 lawmakers have recommended Netanyahu for prime minister, while 54 have endorsed Gantz. The prime minister needs at least 61 seats to have a parliamentary majority.

Last week's repeat election produced no clear majority, with Blue and White receiving 33 seats in Israel's 120-member parliament and Netanyahu's Likud garnering 31 seats. Both sides therefore must seek the support of other parties.

The vote last week was a never-before held second election, which was triggered after Netanyahu was unable to forge a coalition following April elections and then dissolved parliament.

Netanyahu had hoped to secure a narrow majority of hard-line and religious parties that would grant him immunity from prosecution on charges that could include bribery, breach of trust and fraud. But now that possibility appears to be off the table.

Israeli law does not require a sitting premier to resign if indicted. But if he is charged, as is widely expected, he will come under heavy pressure to step down.

Netanyahu faces a hearing next month on the charges and indictments could follow soon thereafter.



Iran Can Go up to Two Months without Oil Exports Before Cutting Output, Analysts Say

A man rides past a large billboard referring to the Strait of Hormuz in Tehran's Vanak Square on April 15, 2026. (AFP)
A man rides past a large billboard referring to the Strait of Hormuz in Tehran's Vanak Square on April 15, 2026. (AFP)
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Iran Can Go up to Two Months without Oil Exports Before Cutting Output, Analysts Say

A man rides past a large billboard referring to the Strait of Hormuz in Tehran's Vanak Square on April 15, 2026. (AFP)
A man rides past a large billboard referring to the Strait of Hormuz in Tehran's Vanak Square on April 15, 2026. (AFP)

Iran can withstand a complete halt in oil exports of up to two months before being forced to curb production, analysts said, after the US began blocking shipping in and out of the country's ports on April 13.

The blockade could prevent roughly 2 million barrels per day (bpd) of Iranian crude from reaching its main buyer China.

Any Iranian production shutdowns would add to more than 12 million bpd of supply already disrupted by the regional war, tightening markets further and ‌lifting oil ‌prices.

With its exports blocked, Iran faces having to ‌divert ⁠crude into onshore storage ⁠tanks. Once those tanks are filled, the OPEC member would be required to curb upstream output.

Consultancy FGE NextantECA estimates Iran has about 90 million barrels of available onshore crude storage capacity, out of total capacity of roughly 122 million barrels.

"Iran can sustain current production of around 3.5 million bpd for roughly two months without exports, extendable to around three months with a modest ⁠500,000 bpd production cut," FGE NextantECA said in a ‌note.

Iranian domestic refineries process about 2 million ‌bpd of oil, they added.

The relevant Iranian authorities were not immediately available for comment.

Energy ‌Aspects assumes significantly lower available onshore storage of about 30 million barrels, ‌based on data from Kayrros.

Under that scenario, Iran could maintain current export levels for about 16 days before storage capacity runs out, based on export levels of 1.8 million bpd.

"The blockade may not have a significant impact on Iranian production in ‌April, but if it continues into May then output would need to be reduced substantially," said Richard ⁠Bronze, co-founder of Energy ⁠Aspects.

He said the consultancy assumes Iran cannot utilize its full nameplate storage capacity, adding that historic data show stocks peaked at 92 million barrels in May 2020, which likely marks a realistic ceiling.

Bronze also said Iran will likely deploy available oil tankers in ports as floating storage, delaying production cuts.

The US military said more vessels were being turned back under the blockade, including the Chinese-owned tanker Rich Starry, which is under US sanctions and which was seen heading back through the Strait of Hormuz on Wednesday.

Eight Iran-linked oil tankers have been intercepted since the blockade began on Monday, the Wall Street Journal reported. A US destroyer stopped two tankers attempting to leave Iran's Chabahar port on the Gulf of Oman on Tuesday, a US official said.


World Bank Announces Water Security Plan for One Billion People

 A girl carries jerrycans on a wheelbarrow after collecting water from a well at a mosque in Deh Mazang, Kabul, Afghanistan, Thursday, April 2, 2026. (AP)
A girl carries jerrycans on a wheelbarrow after collecting water from a well at a mosque in Deh Mazang, Kabul, Afghanistan, Thursday, April 2, 2026. (AP)
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World Bank Announces Water Security Plan for One Billion People

 A girl carries jerrycans on a wheelbarrow after collecting water from a well at a mosque in Deh Mazang, Kabul, Afghanistan, Thursday, April 2, 2026. (AP)
A girl carries jerrycans on a wheelbarrow after collecting water from a well at a mosque in Deh Mazang, Kabul, Afghanistan, Thursday, April 2, 2026. (AP)

The World Bank announced a plan Wednesday that aims to improve secure water access for a billion people within the next four years.

The new "Water Forward" program aims to "expand reliable water services and strengthen systems against droughts and floods."

The Bank said its own funds and technical advice would help improve water supplies to some 400 million people by 2030, with the balance coming from partners.

Regional development banks, OPEC's development fund, and the BRICS-aligned New Development Bank are among institutions that will participate, the World Bank said.

The global lender did not specify how much capital it would commit to the initiative.

Some four billion people -- half the world's population -- face water scarcity, due in part to "unclear policies, weak regulations, and financially unsustainable utilities that have slowed progress and deterred investment," the Bank said.

The global lender said that 14 countries had already voluntarily committed to reform and strengthen their water sectors under the new program.

The focus on governance issues -- not simply physical water infrastructure -- is promising, David Michel, senior associate at the Center for Strategic and International Studies, said.

"In many countries, the water sector fails to fully deploy the funds already allocated to it."

However, the Bank's initiative "faces a long and difficult road ahead," he warned.

The issue of access to safe drinking water, in particular, has been highlighted during the war in the Middle East, with desalination plants in Iran and across the region damaged in bombardments.

Beyond conflicts and immediate drinking water needs, the World Bank said that better water security was needed to grow the global economy.

"Strong water systems are foundational to healthy economies that can attract private investment and create jobs," the Bank said.


China FM Tells Iran Beijing Supports ‘Momentum of Peace Talks’

Members of the media raise hands to ask questions as Chinese Foreign Minister Wang Yi holds a press conference on the sidelines of the National People's Congress (NPC), in Beijing, China, March 8, 2026. (Reuters)
Members of the media raise hands to ask questions as Chinese Foreign Minister Wang Yi holds a press conference on the sidelines of the National People's Congress (NPC), in Beijing, China, March 8, 2026. (Reuters)
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China FM Tells Iran Beijing Supports ‘Momentum of Peace Talks’

Members of the media raise hands to ask questions as Chinese Foreign Minister Wang Yi holds a press conference on the sidelines of the National People's Congress (NPC), in Beijing, China, March 8, 2026. (Reuters)
Members of the media raise hands to ask questions as Chinese Foreign Minister Wang Yi holds a press conference on the sidelines of the National People's Congress (NPC), in Beijing, China, March 8, 2026. (Reuters)

China's top diplomat told his Iranian counterpart that Beijing "supports maintaining the momentum of the ceasefire and peace talks" in a phone call on Wednesday, as negotiators from Pakistan landed in Tehran to discuss a second round of US-Iran talks.

Peace talks are "in the fundamental interests of the Iranian people and are also the shared hope of regional countries and the international community," Wang Yi said, according to a Chinese foreign ministry statement.

He said China was willing to continue to play a "constructive role" towards peace in the Middle East after a first round of Iran-US talks in Islamabad at the weekend failed to reach an agreement.