US will 'Walk Away' Unless Russia, Ukraine Agree Deal, Says Vance

A Ukrainian armoured vehicle in a village near the front line in the Dnipropetrovsk region - AFP
A Ukrainian armoured vehicle in a village near the front line in the Dnipropetrovsk region - AFP
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US will 'Walk Away' Unless Russia, Ukraine Agree Deal, Says Vance

A Ukrainian armoured vehicle in a village near the front line in the Dnipropetrovsk region - AFP
A Ukrainian armoured vehicle in a village near the front line in the Dnipropetrovsk region - AFP

Vice President JD Vance warned Wednesday that the United States would "walk away" unless Russia and Ukraine agree a peace deal, as envoys from Washington, Kyiv and European nations gathered for downgraded talks in Britain.

"We've issued a very explicit proposal to both the Russians and the Ukrainians, and it's time for them to either say 'yes', or for the United States to walk away from this process," Vance told reporters in India.

US media reported that President Donald Trump was ready to accept recognition of annexed land in Crimea as Russian territory, and Vance said land swaps would be fundamental to any deal, AFP reported.

"That means the Ukrainians and the Russians are both going to have to give up some of the territory they currently own," he added.
The reports said the proposal was first raised at a meeting with European nations in Paris last week.

The latest round of diplomacy comes amid a fresh wave of Russian air strikes that shattered a brief Easter truce.

A Russian drone strike on a bus transporting workers in the southeastern city of Marganets killed nine people and wounded at least 30 more, the Dnipropetrovsk regional governor said Wednesday.

Ukrainian authorities also reported strikes in the regions of Kyiv, Kharkiv, Poltava and Odesa.

In Russia, one person was reported wounded by shelling in the Belgorod region.

UK Foreign Secretary David Lammy had been due to lead a meeting of foreign ministers in London on Wednesday, but his ministry said the talks had been downgraded, a sign of the difficulties surrounding the negotiations.

"The Ukraine Peace Talks meeting with Foreign Ministers today is being postponed. Official-level talks will continue," the Foreign Office said.

Kremlin spokesman Dmitry Peskov told reporters that "as far as we understand, it has not yet been possible to reconcile positions on any issues, which is why this meeting did not take place".

US Ukraine envoy Keith Kellogg is still expected to attend, along with Emmanuel Bonne, diplomatic adviser to French President Emmanuel Macron.

Andriy Yermak, a top aide to Ukrainian President Volodymyr Zelensky, said he had arrived in London with Defense Minister Rustem Umerov and Foreign Minister Andriy Sybiga, who is "likely" to meet Lammy.

"Despite everything, we will work for peace," Yermak wrote on Telegram.

A Ukraine presidency source later told AFP that the delegation would meet with Kellogg, and that "there will be more meetings with Europeans, different meetings".

US presidential envoy Steve Witkoff is to visit Moscow this week.

According to The Financial Times, President Vladimir Putin told Witkoff he was prepared to halt the invasion and freeze the current front line if Russia's sovereignty over the Crimean Peninsula, annexed in 2014, was recognized.

Peskov responded by saying that "a lot of fakes are being published at the moment", according to the RIA Novosti news agency.

Zelensky said Tuesday that his country would be ready for direct talks with Russia only after a ceasefire, though the Kremlin has said it cannot rush into a ceasefire deal.

Trump promised on the campaign trail to strike a deal between Moscow and Kyiv in 24 hours but has since failed to secure concessions from Putin to halt his troops in Ukraine.

He said at the weekend he hoped an agreement could be struck "this week".

Secretary of State Marco Rubio said he had presented a US plan to end the war and discussed it with Russian counterpart Sergei Lavrov during a phone conversation after the Paris meeting last week.

Both Rubio and Trump have warned since that the United States could walk away from peace talks unless it saw quick progress.

Trump "wants to see this war end... and he has grown frustrated with both sides of this war, and he's made that very known", his spokeswoman Karoline Leavitt said Tuesday.

Rubio had said in Paris he would go to London if he thought his attendance could be useful.

But Lammy wrote on X late Tuesday that he had instead had a "productive call" with Rubio.

Trump proposed an unconditional ceasefire in March, the principle of which was accepted by Kyiv but rejected by Putin.

The White House welcomed a separate agreement by both sides to halt attacks on energy infrastructure for 30 days, but the Kremlin has said it considers that moratorium to have expired.



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.