Biden Abruptly Changed His Mind about 2024 Race over Weekend, Sources Say

US President Joe Biden looks on as he speaks during a barbecue for active-duty military families in honor of the Fourth of July on the South Lawn of the White House in Washington, DC, July 4, 2024. (AFP)
US President Joe Biden looks on as he speaks during a barbecue for active-duty military families in honor of the Fourth of July on the South Lawn of the White House in Washington, DC, July 4, 2024. (AFP)
TT

Biden Abruptly Changed His Mind about 2024 Race over Weekend, Sources Say

US President Joe Biden looks on as he speaks during a barbecue for active-duty military families in honor of the Fourth of July on the South Lawn of the White House in Washington, DC, July 4, 2024. (AFP)
US President Joe Biden looks on as he speaks during a barbecue for active-duty military families in honor of the Fourth of July on the South Lawn of the White House in Washington, DC, July 4, 2024. (AFP)

As of Saturday, President Joe Biden was still planning to stay in the 2024 presidential race. But on Sunday afternoon, he shocked many of his senior staff by telling them he was withdrawing just before making the decision public, sources familiar with the matter said.

The sources, speaking to Reuters on condition of anonymity, said Biden began to come to a decision on Saturday night that he should withdraw from the 2024 race. He had spent weeks defiantly insisting he would stay in the race despite pressure from some Democrats to pull out.

At 1:45 p.m. on Sunday, however, Biden told his senior team he had changed his mind and would withdraw, the sources said.

One minute later, at 1:46 p.m., Biden made his bombshell announcement.

The decision came less than a month after Biden had a disastrous debate against Republican Donald Trump that raised questions about the mental acuity of the 81-year-old Democratic president.

Biden came to his decision over the 48 hours preceding the announcement, after digesting large amounts of data and polls that showed his path to victory largely out of reach, two sources said. He agonized over the decision, but when he made up his mind, he moved quickly, a senior White House official said.

Biden and Vice President Kamala Harris spoke multiple times on Sunday ahead of his announcement, a person familiar with their conversations said.

Biden, who has been at his Rehoboth Beach, Delaware, home since testing positive for COVID on Wednesday, shared his decision with his senior team by reading the letter to them that he would soon release publicly on social media.

"He read the letter to us and wanted us to understand his thinking. He said he had wrestled with it over the last 48 hours," the official said.

Shortly after the call, White House chief of staff Jeff Zients called senior White House staff together to inform them of the decision.

"This was really closely held," the official said. "It came as a surprise to most White House folks."

DIVIDED PARTY

After the debate, Biden began losing ground to Trump in battleground states, and Biden's campaign was pursuing a razor-thin path to reelection.

"It became hard with the growing opposition within the party. We have to be united going into November. That was a factor," the senior White House official said, while noting there had still been significant support for Biden across the country.

“I'm still processing it," said Marcus Mason, an at-large member of the Democratic National Convention.

"The president will go down in history as a patriot who put his country and party over his own ambitions," Mason said.

The president, still nursing a cough after his COVID diagnosis, had spent the weekend stewing over Democratic pressure to force him to leave the race, aides said. With him were long-time senior aides Annie Tomasini, Steve Richetti and Mike Donilon and a top aide to first lady Jill Biden, Anthony Bernal.

Biden had been particularly irked at former House of Representatives Speaker Nancy Pelosi, whom Biden advisers believed was orchestrating a pressure campaign to get him to stand down.

Hours before the announcement, the Biden campaign denied reports he was planning to drop out.

"It is false. And I think that it is false to continue to try to gin up this narrative," deputy campaign manager Quentin Fulks told MSNBC's "The Weekend” on Sunday morning.

There were plenty of signs Biden had been thinking about pulling out for several days, with sources saying the Democratic incumbent had been doing some soul-searching.



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)
TT

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)
TT

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)
TT

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.