Ukraine, Western Talks on Ending War Downgraded as Rubio Cancels London Trip 

The Ukrainian national flag continues to fly from British government buildings, with the London Eye wheel seen behind, as peace discussions on Ukraine and Russia are due to take place in London, Britain, April 23, 2025. (Reuters)
The Ukrainian national flag continues to fly from British government buildings, with the London Eye wheel seen behind, as peace discussions on Ukraine and Russia are due to take place in London, Britain, April 23, 2025. (Reuters)
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Ukraine, Western Talks on Ending War Downgraded as Rubio Cancels London Trip 

The Ukrainian national flag continues to fly from British government buildings, with the London Eye wheel seen behind, as peace discussions on Ukraine and Russia are due to take place in London, Britain, April 23, 2025. (Reuters)
The Ukrainian national flag continues to fly from British government buildings, with the London Eye wheel seen behind, as peace discussions on Ukraine and Russia are due to take place in London, Britain, April 23, 2025. (Reuters)

Talks between the US, Ukraine and European officials to discuss ending Russia's war in Ukraine faltered on Wednesday as US Secretary of State Marco Rubio abruptly cancelled his trip to London and negotiations were downgraded.

Rubio's no show prompted a broader meeting of foreign ministers from Ukraine, Britain, France and Germany to be cancelled, although talks continued at a lower level. The US would now be represented by Ukraine envoy General Keith Kellogg.

The downgrading of the talks comes at a critical time, just days after US President Donald Trump warned that Washington could walk away if there was no progress on a deal soon. Trump raised the pressure on Sunday when he said he hoped Moscow and Kyiv would make a deal this week to end the three-year war.

A European official said Rubio had indicated to his British hosts concerns that Ukraine could revert to its toughest positions, making any breakthrough at the talks impossible.

Rubio spoke to British Foreign Secretary David Lammy late on Tuesday and said he looked forward to rescheduling his trip in the coming months after Wednesday's "technical meetings".

Speaking on his arrival in London with the foreign and defense ministers, Ukrainian presidential adviser Andriy Yermak said the talks would focus on ways to achieve a full and unconditional ceasefire as a first step to peace.

"Despite everything, we will work for peace," he said on social media.

The meeting is a follow-up to a similar session in Paris last week where US, Ukrainian and European officials discussed ways to move forward and narrow positions.

During those talks, Trump's special envoy Steve Witkoff presented a paper to the participants outlining proposals in which Ukraine in particular, but also Russia, would need to make concessions, according to three diplomats aware of the talks.

The diplomats differed on whether the position paper was a firm US stance or a starting point to work with Ukraine and its British, French and German allies to formulate a joint position before taking it to Russia.

DIFFICULT PROPOSALS

Some of Washington's proposals were unacceptable to European countries and Kyiv, multiple sources said, leaving the sides divided, but still optimistic that they could reach a compromise.

France's Foreign Minister Jean-Noel Barrot said on Tuesday that the Europeans had detailed to the United States what they view as the non-negotiable aspects of a potential Ukraine-Russia peace accord.

Rubio last week said the US framework that he and Witkoff proposed in Paris received an encouraging reception.

But the sources said that among the US proposals was recognizing Russia's illegal annexation of Crimea, a move that was a non-starter for Europe and Ukraine.

Ukraine and the Europeans would also need to accept the reality of Russia's control of the remaining 20% of Ukraine's territory.

In addition, NATO membership for Ukraine would be ruled out and the US would begin to remove sanctions on Russia.

The London talks were aimed at working to bridge differences and find areas that could satisfy Moscow and open a serious negotiation, the diplomats said.

Beyond Crimea, other major sticking points remain, including Russia's push for lifting of European Union sanctions against it before negotiations are finished, which Europe staunchly opposes, diplomats said.

Washington proposed last week to establish a neutral zone at the Zaporizhzhia nuclear power plant in Russian-occupied Ukraine, according to European diplomats. Ukrainian President Volodymyr Zelenskiy said on Tuesday he would be ready to partner with the United States to restart the plant.

Some of Washington's ideas are also likely to displease Moscow. Two diplomats said the US was not pushing a Russian demand to demilitarize Ukraine and was not opposed to a European force as part of future security guarantees for Ukraine.

Witkoff had not been part of the London talks. But, on Washington's parallel track of diplomacy with Moscow, he will meet with Russian President Vladimir Putin this week in Russia, the White House said.

Since taking office in January, Trump has upended US foreign policy, pressing Ukraine to agree to a ceasefire while easing many of the measures the Biden administration had taken to punish Russia for its 2022 full-scale invasion.

The US president has repeatedly said that he wants to broker a ceasefire in Ukraine by May, arguing the US must end a conflict that has killed tens of thousands and risks a direct confrontation between the US and nuclear-armed Russia.



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.