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FRIDAY, APRIL 3, 2026
THE BIG STORY
→ Trump's address killed the April 6 diplomatic off-ramp and signalled months of extended military action, sending oil futures past new highs.
→ Iran fired its largest missile salvo yet at Israeli cities, deploying cluster warheads over residential areas.
→ The IEA warned 400M barrels of strategic reserves already released and April's supply gap will widen.
→ Houthi forces prepared to resume Red Sea shipping attacks, threatening a second global chokepoint.
AROUND THE WORLD
→ India rolled back jet fuel price doubling after public outcry.
→ UAE petrol up 33%, diesel 72% — unprecedented for an oil producer.
→ Qatari helium facility offline after drone strike threatens TSMC, Samsung chip production.
→ South Korea turned to Russian naphtha to keep chip plants running.
→ WFP: 45M more face acute hunger from Iran war; fertilizer at $800/ton.
→ West Africa's Sahel faces 53M at crisis-level food insecurity by June.
→ Sudan: 25M food insecure, 60% emergency kitchens closed.
→ US measles at 1,575 cases, worst since elimination.
→ Liberation Day anniversary: US lost 93-100K factory jobs, manufacturing below Biden levels.
→ UNESCO: 273M children out of school globally.
→ EU voted to allow offshore migrant detention centres.
→ 1M+ Lebanese displaced as Beirut evacuation continues.
ONE THING TO WATCH
Fertilizer planting window closes mid-April. If Hormuz stays blocked, 2027 food crisis becomes locked in.
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