war

The price of diesel is beginning to fall, but it is still far from what it cost before the war: what can we expect now

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Last Wednesday, April 8, the announcement of a temporary ceasefire two weeks between the United States and Iran, conditional on the partial reopening of the Strait of Hormuz, triggered an immediate reaction in energy markets. The barrel of Brent oil accumulated a weekly drop of 13.77%the highest in nine months, placing the price more than 15 dollars below the level at which it was trading just a week before, when it was still above 110 dollars. That shock has arrived, with a dropper of course, to Spanish gas stations. What you see at the pump right now. On Friday, April 10, the average price of diesel in Spain was around 1.87 euros per liter, with a drop of 1.67% in the next 24 hours compared to the previous day. A still timid drop if one takes into account that diesel was quoted at an average of 1,881 euros per liter during the week of March 27, the highest price since it came into force. the fuel tax reduction approved by the Government. And filling a 55-liter tank of diesel cost about 103 euros, according to data of that same period. Why oil has fallen. The key is in the Strait of Hormuz. Around 20% of the world’s oil passes through it, and its blockade since the beginning of the war had skyrocketed crude oil prices to almost $146 per barrel at the worst times. When talks between the US and Iran were announced for the start of a truce, the price plummeted from $110 to $94 in a matter of hours. Why does it take so long to be noticed at the gas station? Here comes into play what we have been explaining these days in our coverage: the rocket and feather effect. When oil rises, the price of fuel at the pump reacts almost immediately; when it goes down, the correction arrives weeks late. Distribution companies quickly transfer crude oil increases because they anticipate that replenishing fuel will cost them more. But when the price drops, they claim to have stock previously purchased at higher prices, thus delaying the drop. According to Bloomberg Linein Spain the movements in the price of gasoline have been minimal, even upward at times, with variations of less than 1% despite the sharp decline in crude oil. How long do you have to wait? The deadlines vary depending on the source, but there is consensus that the drop will not be immediate. Just like they count From Autopista, the most favorable purchase prices take between 14 and 28 days to reach gas stations significantly, and after four weeks. But of course, all this in case nothing else happens that affects the price, something that we unfortunately do not know about. The tax reduction what we have in Spain. The Government approved fiscal relief measures that have acted as an extra cushion. The first vice president and Minister of Economy, Carlos Body, wait that the fall in oil prices “will also end up resulting in a drop in fuel prices”, after the reactivation of maritime activity in the Strait of Hormuz. However, the European Commission has warned Spain that the reduction in VAT on fuel from 21% to 10% has failed to comply with Community regulations, which adds uncertainty as to whether this aid can be maintained. What can happen from now on. The most favorable scenario, and also the most fragile, depends entirely on the ceasefire holding. Matt Smith, of business analytics firm Kpler, warns that “there will be a lot of reluctance and caution when passing through the strait because it seems that Iran will still be patrolling it,” which will delay the normalization of maritime traffic and, with it, the sustained drop in crude oil. As if that were not enough, oil production in the region fell more in March than in the worst times of the pandemic, and recovering that productive capacity will take time. The American EIA (Energy Information Administration) foresees that the price of crude oil could begin to moderate in the second half of 2026, as long as the international situation stabilizes. But there is no guarantee. What we must not lose sight of. Although the current trend points to a downward correction, current prices are still much higher than before the conflict. The price of fuel in Spain had been relatively stable at the beginning of 2026, with gasoline at around 1.45-1.50 euros per liter, before the escalation of the war changed everything abruptly in March. Returning to those levels is not something that will happen overnight, so for now it seems that we will have to stay alert to learn more information about the situation. Cover image | Roberto Rodríguez and engin akyurt In Xataka | With oil skyrocketing, Japan has resurrected an old idea to extract infinite energy from the ocean

LaLiga has been at war with Cloudflare for years over piracy. It has just joined forces with its main competitor

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We have bad news and worse news. The bad thing is that condemnation of the indiscriminate blocking of LaLiga IPs continues to occur more than a year later. The bad thing is that probably go more. Above all, after the agreement that LaLiga has reached with Fastly. what has happened. LaLiga yesterday announced an agreement with the company Fastly, a direct competitor of Cloudflare in the market “edge cloud“. Both provide CDN and content acceleration services as well as web security, but their philosophies are different. While one has become a great defender of the privacy of its clients and users, the other has teamed up with LaLiga to help it in this crusade against the broadcasts of football matches on IPTV platforms. In reality LaLiga He already made a similar move a year ago. AI to detect illegal emissions. According to the announcement, Fastly “has developed a smart, targeted detection system that leverages AI and content signals from owners to identify illegal broadcasts in near real-time.” This solution, they say in LaLiga, will allow the elimination of “illegal content (…) with greater precision and drastically reducing the scope for piracy.” The glitch that makes speed everything. The data from the Grant Thornton study cited in the press release are revealing: in 2024 at least 10.8 million unauthorized retransmissions were detected, 81% without broadcast suspension, and only 2.7% addressed in less than thirty minutes. An illegal issue of this type has a very short window of value. If it is not removed within the first few minutes, the damage has already been done. AI to detect… and a hammer to block? The system that Fastly has created promises surgical detection of these IPTV broadcasts, but there are no details or evidence that it actually fulfills that promise. The real question will then be another: if this detection information will end up contributing to the massive and indiscriminate blocking of IPs being even more massive and indiscriminate, or if it will improve that precision. It does not seem likely, because shared IPs are still the root of the problem: when LaLiga orders to block a Cloudflare IP, in reality that IP is shared by dozens, hundreds or even thousands of websites. Knocking down the guilty makes many innocent people They are punished again and again. The enemy of my enemy is my friend. LaLiga has been trying to force Cloudflare to collaborate for years through judicial means. That has had legal costs, collateral damage and a public relations battle that has clearly impacted the organization’s reputation. The alternative sought is to go to someone who precisely understands perfectly how the segment in which Cloudflare operates works. Not only that, if successful, Fastly may end up attracting other leagues and television producers from around the world. The real solution would probably be another. In Xataka | “We have gone from earning 70,000 euros a month to 40,000”: LaLiga’s IP blocks are bleeding many companies dry

The largest naval project in German history since World War II is turning out to be a crazy disaster

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In Europe, large military programs often take more than a decade to be completed and, in many cases, end up costing several times more than initially anticipated. It is not uncommon for complex projects to accumulate thousands of technical requirements and go through multiple reviews before reaching production. In this context, some plans are born as emblems of modernization… and end up becoming examples of how difficult it is to bring them to fruition. From something historic to something unsustainable. He program F126 was born as the great symbol of German rearmament and largest naval project of the country since the Second World War, but over time it has become quite the opposite: an example of how an ambitious plan can derail to the point of collapse. Conceived as a latest generation frigateflexible and prepared for decades of service, the project has not only accumulated delays and cost overrunsbut has called into question Germany’s ability to execute large military programs at a time when it aspires to lead European defense. Technical errors and chaos. He told in an extensive report the financial times that the origin of the problem seems as modern as it is devastating: a failed bet on a new software design that was not ready for a project of this scale. What should have been an advanced tool ended up generating cascading errors, from cables incorrectly located on the plans to steel parts manufactured with incorrect shapes, forcing manual corrections and slowing down the entire production. The result was a system that was moving at just a fraction of its planned pace, with delays that pushed the initial delivery several years later than planned. A culture shock. It turns out that the problem was not just technical. Apparently, the media reported that the project was trapped in a deep shock between the Dutch shipyard’s way of working and the German contracting system, known for its extreme rigidity. Thousands of specifications detailed even the smallest elements, while approval processes were they dragged on for months within a complex bureaucracy that required paper documentation and rejected even plans in English. This combination made collaboration a slow, frustrating, and, in many cases, unproductive process. Skyrocketing costs and limit decisions. As the problems piled up, so did made the invoice: The project, initially valued in the billions, began to go off track with significant cost overruns and structural delays. As it is, Germany now faces critical decisions ranging from replacing the main contractor to accepting billions already invested. as irrecoverable losses. At the same time, faster but less ambitious alternative solutions are being studied, reflecting the extent to which the original project has lost credibility. Notice to sailors of rearmament. If you like, the case of the F126 goes beyond a simple industrial failure: it reveals the limits of European military cooperation even among closely integrated countries and raises questions about the continent’s ability to implement complex joint programs. In a context of increasing of defense spending and increasing strategic pressure, the project has become a clear warning: It is not enough to invest more, you also have to know how to manage better. Because otherwise, even the most important projects can end up being, as in this case, a costly and lengthy example of what not to do. Image | Give me In Xataka | Germany is experiencing a new “industrial miracle” that it already experienced 90 years ago: that of weapons In Xataka | Germany was a sleeping military giant: now it has been awakened and it is already surpassing the US in bullets produced per year

To survive the end of oil, China has resurrected an old German technology from World War II: turning coal into plastic

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While the world assumes that China’s energy transition is based exclusively on solar panels and electric vehicles — and, in part, it is, consolidating as the first great ‘electrostate’—, reality hides a much darker side. Faced with the outbreak of the Third Gulf War, Beijing has not even flinched. Beyond its immense strategic oil reserves, the secret of its resistance lies in an even more daring maneuver: the resurrection of German technology from World War II. An old German technology. Faced with the instability of oil imports, China has perfected the use of coal to produce petrochemical products. This synthesis technology (historically known as the process of fischer–Tropsch) was originally developed by Germany to sustain its military economy during World War II. Although it is widely known in the chemical industry, its main defect has always been the enormous pollution it generated. China has improved it. Far from settling for an outdated process, Chinese researchers have radically improved it. According to the state agency Xinhuaa team from Peking University has achieved a historic breakthrough by adding a minimal amount of methyl bromide (five parts per million) to the catalytic process. This surgically “turns off” the pathway that forms carbon dioxide as a byproduct, reducing these emissions from 30% to less than 1% and opening the door to near-green manufacturing to convert coal-derived synthesis gas (syngas) into olefins, the building blocks of plastics. At an industrial level, expansion is already a fact. As detailed South China Morning Postin Turpan prefecture (Xinjiang), construction has just begun on the world’s largest coal-to-ethylene glycol (a toxic compound used for plastics and antifreeze) project, with an astonishing capacity of 2.4 million tons per year. Even, as the magazine highlighted ACS Sustainable Chemistry & Engineeringresearch is being carried out on how to integrate this process (called PFTO) to chemically recycle tons of plastic waste, converting it into syngas and then back into light olefins. Did you see it coming? It is not the first time that China decides to take sides and prevent rather than cure. The Asian giant has decided to completely decouple its industry from maritime vulnerabilities and Western influence. “This is not China’s war, but Beijing began preparing for it years ago,” points out The New York Times. Everything accelerated during Donald Trump’s first term, prompting President Xi Jinping to demand complete “self-sufficiency” that would insulate China from any disruption to foreign supply chains. Time has proven them right. The war in Iran has brutally increased the price of crude oil, suffocating international petrochemical competitors that depend on black gold. In contrast, local Chinese coal has only gotten cheaper. According to Reutersthis has been a financial triumph: shares of companies such as Ningxia Baofeng Energy, which produces millions of tons of chemicals from coal, have risen 30% since the start of the conflict, while traditional Asian refiners such as Rongsheng Petrochemical have lost up to 27% of their stock market value. Furthermore, the Chinese media analyzed by Carbon Brief They insist on a unanimous nationalist message: in the face of a real emergency, coal is the only resource that the nation truly controls, acting as the great “ballast” guarantor of its national security. A change to other sectors. The change is undeniable. As revealed Bloombergthe country’s main coal miner, China Shenhua Energy, has cut its overall budget by 16%, but has almost doubled its investment in coal-to-chemical conversion, from 2.5 billion to 4.1 billion yuan by 2026. But at a devouring pace, as The New York Times provides information that measures the phenomenon: in 2020, China used 155 million tons of coal to manufacture chemicals; by 2024, the figure jumped to 276 million, and in 2025 it grew another 15%, single-handedly exceeding the total annual coal consumption of the entire United States. The research center CREATE confirms this trend in its reportconfirming that the use of coal in the chemical industry grew by 20% year-on-year only in the first half of 2025. Added to this is that, as the American media explains80% of Chinese nitrogen fertilizer (a third of the world’s supply) is already made with coal rather than oil or gas, allowing Beijing to keep its product at less than half the global market price. Behind it there is a very high cost. All this bold industrial maneuver has a severe climate cost that is already setting off international alarms. China’s draft 15th Five-Year Plan (2026-2030) has set extremely cautious climate goals. As the experts explain CREATE and collect Financial Timesthe set goal of reducing carbon intensity by only 17% is “disappointing” and leaves room for the country’s emissions to continue growing between 3% and 6% in real terms over the next five years. This new government plan de facto reverses the international promise to “phase down” coal consumption, replacing it with a consumption “plateau” and explicitly protecting the large-scale expansion of the coal-based petrochemical industry. Only chemical projects already planned to be built between now and 2029 could increase China’s annual carbon dioxide emissions by an additional 2%. The forecasts are resounding. According to Bloomberg, By 2030, China’s chemical roadmap will massively stop using oil as a primary fuel (thanks to the adoption of its electric vehicles) and will take advantage of its modernized facilities to seek 85% self-sufficiency in all advanced materials and chemicals, displacing traditional giants. A feared crisis of overcapacity. The European ideas laboratory MERICS warns of collateral consequences: The Chinese domestic economy, with consumer confidence stagnant since the pandemic, has no way to absorb all this gigantic new production of materials and plastics. As a direct result, Chinese factories are forced to export their immense surpluses to the rest of the world at fire sale prices. This aggressive price war propelled China’s trade surplus to a stratospheric record of $1.2 trillion in 2025. According to the complaint MERICSthese massive exports are cannibalizing the industrial base of other nations; In the European Union alone, up to 500 manufacturing jobs are being lost daily due to the total … Read more

The war has led many expats to look beyond Dubai. In Italy there is already a city willing to take advantage of it

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He skyline It may be Dubai’s most recognizable feature, however in recent decades the city has gained something much more important (and complicated) than its skyscrapers: prestige. For years the expats half the world has seen in the United Arab Emirates (UAE) a destination in which to settleattracted by their tax advantagesadministrative facilities, luxury and stability of the country. Now the shock wave of the Iran war is erasing some of that image and has led some expats to look for alternatives in safer cities. An Italian city already appears on the horizon. The other bill of war. As with all wars, that of Iran It looks a lot like a set of dominoes. Operation ‘Epic Fury’ launched on February 28 by Washington and Tel Aviv on Iran ended the life of Ayatollah Ali Khamenei, supreme leader of the Islamic regime; but that was only the first step of the war. The first in a long chain of pieces. Since then the conflict has escalatedaffecting international markets, skyrocketing the price of crude oil and infecting the rest of the Persian Gulf. We had the most graphic proof in the first days of the war, when Iran harshly punished some US allies in the region, including the UAE. Their attacks blocked Gulf airspace, unleashed the biggest crisis of aviation since the pandemic and left images that until recently were unimaginable, such as luxury residences attacked by Iranian drones. Reputation blow. The casualty toll in the UAE is relatively low (the Emirati authorities numbered at 13 those killed during the attacks launched by Iran), but the reputational damage has yet to be measured. For decades, the Emirates knew how to carve out a niche for itself as a favorite destination for expats from other countries. As explained a few months ago Guillaume Giroux, of the Dubai Inmo firm, in cities like Dubai, fortunes found tax facilities, bureaucratic agility, stability, an attractive real estate market and a high standard of living, especially for people accustomed to luxuries. Some of that magnetism remains, but the Iran war has tarnished the image of a safe, reliable and ‘boring’ (in a good way) destination created by the UAE. Has it changed that much? Public discourse certainly has. If it is news for hosting more than 81,000 millionaires or attract thousands of residents wealthy in just one yearDubai has made headlines for the chaos unleashed by the Iranian war. At the beginning of March Financial Times spoke of people driving 10 hours to cross the border into Oman, desperate to leave the region. In Guardian even they assured that a jet company was asking 85,000 euros (triple the normal amount) for a flight to Istanbul. They are specific cases, but they punish the UAE’s global projection. Looking for alternatives. It is unlikely that Dubai will suddenly lose the image that has been built up for years and it remains an unknown what the effect of the war will be in the medium and long term. there are those already warn that he is not considering leaving the Emirates. None of the above means that there are already millionaires looking for alternatives. I confirmed it recently Guardian in a chronicle explaining that as Dubai sees its reputation as a safe haven erode, there is expats thinking about the best way to return to Europe. The article, signed by Lauren Almeida, focuses on British billionaires, but still leaves out an interesting idea: when looking for European destinations, there is one in particular that seems to be winning. Which? Milan. “Those leaving the UAE can easily imagine themselves living in Rome or Milan, metropolitan and international centres,” point Armand Arton, who is dedicated to advising millionaires on citizenship and investment plans. Why’s that? For a sum of factors. In a way, Milan offers the rich a package similar to the one they find in Dubai: a attractive tax regimea rising real estate market (something especially interesting for those who buy with an investment mentality) and above all luxury. It’s nothing new. In September the Italian edition of Idealista explained that Milan was becoming one of the most attractive destinations in Europe to attract great fortunes. “Italy offers the best advantages: single tax and good quality of life,” insist Arton. “It’s a beautiful country. Milan has a very developed financial services sector, many of the things that are attractive in London, Milan also has them,” adds Marc Acheson of Utmost Wealth Solutions. This sum of factors, added to its environment, schools, services and cosmopolitan lifestyle, explains that the Italian city be home now from some of Europe’s biggest investors and bankers. Also the increase in price of your home. Luxury and something more. The attractiveness of Italy as a city is not the only factor that explains its ability to attract expats. Another is its tax policy. In 2017 the country introduced the “single rate”also known as “Ronaldo tax” and that it is designed precisely to attract wealthy foreigners. In summary, the regime allows new residents (foreigners and returned Italians) to pay 300,000 euros annually for income obtained outside the country. It may seem like a high tax, but as its name indicates, it is applied in a fixed manner, regardless of the base amount, which makes it an interesting option for large fortunes. Until recently, its amount was also lower, making it even more attractive. When it was introduced, the “single rate” amounted to 100,000 euros annual. In 2024 that figure rose to 200,000 and did not reach its current level, of 300,000 euros, until this year. This tax advantage can be enjoyed for only 15 years, but it has extras. Marking distances. It’s not just about what Italy has done. As explains the Golden Visas platform, the Italian system gained attractiveness after in 2024 United Kingdom review its tax regime for non-domiciled residents and for Portugal to also rethink its system. Reuters precise that in 2023 around 1,500 people took advantage of the single rate regime in Italy, … Read more

the one who has turned war into the most useless war in history

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In modern conflicts, the cost of operating an advanced air force can easily exceed the hundreds of millions daily, especially when they intervene clatest generation acesin-flight refueling and precision guided munition. Added to this is that some key systems, as strategic radars or early warning aircraft, require years to manufacture and they have no substitutes immediate. In this context, there are wars in which attrition is not measured only in territory, but in how much time can be held that rhythm before the accounts stop adding up. In Iran, for example, they had been shot. A show of force. The United States’ Operation Epic Fury on Iran began with the idea of ​​a rapid and controlled campaign, but very soon it revealed his true face after episodes such as the last downing of the F-15E and the complex rescue operation that has followed him, where the United States has had to deploy multiple media and take additional losses even destroying their own equipment to avoid capture. These types of incidents have shown from the beginning that the conflict was far from being surgical and that the level of operational risk was much older than expected. As the days progressed, the narrative of technological superiority began to take hold.face reality of a saturated, chaotic and increasingly expensive environment to sustain. Military wear. The accumulated figures show a significant wear on key platforms, from fighters like the F-15E or the A-10 to critical assets such as early warning aircraft and tankers, in addition to dozens of downed drones. Especially worrying for Americans has been the impact in support systems such as advanced radars or command infrastructures, the loss of which not only has a high economic cost, but also weakens operational capacity future in other strategic scenarios. Plus: added to this are errors such as friendly fire episodes and the vulnerability of apparently secure bases, which reinforces the idea that the campaign not only consumes resources, but also erodes capabilities that are difficult to replace. The number that explains everything. However, the real turning point is not only on the battlefield, but in the accounts: the war has reached a spending rate close to the 1 billion dollars a day only in air operations, a nonsense that shoots the total cost above of the 280,000 million in just 40 days. Add to this tens of billions in ammunition, damage to bases, loss of aircraft and a devastating impact in energy infrastructure key to the Gulf, the same ones that have paralyzed part of global supply and raised the bill even more. The result is an extraordinarily expensive and useless war, possibly the most economically, because in a few weeks a level of expenditure and destruction has been reached that in other conflicts took years, and that is unprecedented. Not only that. A war that, despite all this deployment, has not achieved any of your strategic objectivesbecoming an extreme example of imbalance between investment and results. Overflowing the military field. The impact is not limited to the military: attacks on refineriesgas plants, export terminals and industrial centers have turned the conflict into a regional economic crisis with global effectsfrom energy to inflation. The closure of the Strait of Hormuz has amplified the damageaffecting a substantial part of the world’s oil and gas supply, while sectors such as aluminum, logistics and transportation have suffered multi-million dollar losses. In parallel, the need to repair critical infrastructure and replace scarce equipment adds additional pressure that extends the cost far beyond the conflict itself. The ceasefire: more economics than strategy. In this context, the ultimatum issued by Trump ensuring that he was going to end an entire civilization and his rear reverse A few hours before the deadline, they take on a new meaning: more than a purely strategic decision, the ceasefire seems to be understood as a response to a dynamic unbearable and unsustainable. International pressure, nervousness in the markets and fear of a total escalation coincided with a reality that is difficult to ignore: each additional day of war multiplied an already overflowing cost without bringing victory closer. Thus, the last minute break Not only has it avoided a further escalation, but it has exposed the logic that has ended up prevailing: in this war, the problem was not how to win, but how much more could one continue paying for not doing so. Image | The White House Egyosint In Xataka | Someone has analyzed the coordinates of the rescue of the pilot in Iran: not only do they not add up, they point to a very different US mission In Xataka | Iran has found a hole in Israel’s shield: turning a missile into an explosive “storm” in full descent

What is SMIC, China’s big chip manufacturer, doing right now? According to the US, sell them to Iran for the war

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The war in Iran continues. On the one hand it is said that it is almost finished, but on the other we have the shipment of thousands of American paratroopersmore calls for support and one sided offensives and from another. But in almost any conflict, not only those in the countries involved come into play, but also the allies. And the United States has leveled a pretty serious accusation against China: SMIC is selling chips to Iran. Well, “almost certainly.” SMIC in the spotlight. Semiconductor Manufacturing International Corp the great Chinese semiconductor foundry. Included in the blacklist of the United States government along with Huaweihas managed to develop advanced chips in record time. They have not only challenged everything the US thought they could dobut that association with Huawei and the country’s push for the technology industry have made it one of the spearheads of China’s technological sovereignty. That SMIC has been able to manufacture advanced chips when it was denied access to cutting-edge technology is something that upsets the US government, which reiterated the sanction and keeping the company on the blacklist for alleged ties to the Chinese government. And the latest accusations are not going to relax the tension. ANDUSA says yes. SMIC makes chips and obviously sells chips. And the United States claims that they are supplying technology to Iran. a few days ago, Reuters published an article in which it included two statements by “two senior officials in the Trump Administration” that suggested that Beijing, perhaps, is not staying as far away from the Iran war as they would have us believe. In the article they state that SMIC has been sending chip manufacturing tools to the Iranian army. This raised questions about Beijing’s stance in the conflict, with officials noting – on condition of anonymity – that the company began shipping the tools about a year ago and that they have “no reason to believe shipments have stopped.” A year ago, the United States was not at war with Iran, and China has long maintained a normal trade situation with Iran. US officials note that, in addition, “they have almost certainly also technically trained Iran on semiconductor technology.” And let’s remember that these chips are in everything: from routers to missiles. China says no. The Reuters article does not give any further information or details on whether Iranian tools that included US technology have been confiscated –something that does occur in other conflicts– and neither the Chinese embassy in Washington, SMIC or an Iranian spokesperson at the UN responded to requests for comment. Who has left Lin Jian, the spokesperson for China’s Ministry of Foreign Affairs, spoke out and did not hesitate to classify the report as “false information.” He accused certain media outlets of launching self-serving news and then classifying all reports as “false information.” On this issue, China has been caught between two waters, first condemning the assassination of Ayatollah Ali Khameini by the Israeli and US forcesbut also expressing his rejection of the Iran attacks on Gulf states that house US bases. Back in focus. Beyond Iran, the United States accusations are part of an operation that began a few years ago. The veto of Huawei marked the beginning of the current trade war between China and the United States, but it also marked China’s ‘awakening’ in technological matters, quest for sovereignty and a technological war that branched into chips, robotics, energy, communications, artificial intelligence and in the military arm. SMIC is the large Chinese manufacturer that defied US vetoes by managing to manufacture the chip of the Huawei Mate 60 Pro before whom The US authorities could not believe and, if they manage to demonstrate that they are involved in supporting Israel when China is not actively participating in the conflict, they will have more reasons to intensify the vetoes and sanctions. And all this is framed in a current situation in which Trump and Xi Jinping will meet in a few days to discuss international relations and where the purchase of American technology by China is expected to be one of the points of the day, with NVIDIA very interested in biting a piece of the $50 billion pie that the Asian giant represents. Images | Ballistic Missile, ASML In Xataka | While the US bombs Iran, something unusual has happened: drones attacking the nuclear bases in North Dakota

Europe fled from Russia’s gas to fall into the arms of the United States. The Third Gulf War proves that it was a trap

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Behind troop movements and sea blockades for the Third Gulf Warthere is a much quieter script twist that is shaking the foundations of the continental economy: false European security. A problem that comes from the other side of the pond. After the energy crisis due to the Ukrainian War (still valid), Europe thought it had solved its great energy vulnerability by changing the gas that arrived through Russian gas pipelines for liquefied natural gas (LNG) that crossed the Atlantic in ships from the United States. The idea of ​​the European Union was to bet its imports on Washington to diversify sources and avoid future geopolitical blackmail. However, the American lifeline has turned out to be punctured. With the global market in maximum tension due to the war in Iran, the US is not guaranteeing European supply and makes gas subject to trade wars and political whims. The real Achilles heel. Europe now depends on the United States for two-thirds of its LNG imports, according to the center for economic studies Bruegel. As global supply falls due to the conflict, Asian buyers — who traditionally sourced from the Gulf — are competing aggressively for flexible gas ships. The result is a bidding war to the highest bidder: according to Bruegelseveral shipments of American LNG have already been diverted from Europe to Asia in the midst of the conflict. At the diplomatic and commercial level, the situation with our “savior partner” is enormously unstable. In the midst of this crisis, Donald Trump has come to criticize European allies, urging them on social networks to “get their own oil,” according to Bloomberg. As if that were not enough, political friction over the conditions of the trade agreement between the EU and the US has caused senior US officials to threaten retaliation, casting serious doubts on Washington’s previous commitment to sell $750 billion in energy products (including its precious LNG) to the European bloc. The price of the “green illusion”. The impact of this imbalance is being brutal for European pockets. According to the Financial Times Based on data provided by the European Commission itself, the bill for EU fossil fuel imports has increased by 14 billion euros in just 30 days of conflict. Gas prices have experienced a rise of 70%, while oil prices have become more expensive by 60%. This puts in front of the mirror what in Euractiv have baptized as “the green illusion” of Europe: a glaring structural failure in the energy transition. Despite having invested nearly one trillion euros in renewable energy, the European Union’s energy dependence on imports remains at 60%, practically the same figure as in 2004. An ineffective design. The reason for this price contagion lies in the very design of the European electricity market. By operating with a marginalist system, the most expensive technology (usually gas) is the one that sets the price of electricity for everyone, as explained in Strategic Energy. In countries heavily dependent on gas to generate electricity, such as Italy, gas sets the price 89% of the time, exposing citizens directly to international volatility. However, there is hope if you do your homework. In Spain, the enormous growth of wind and solar energy has caused the gas only mark the price of electricity 15% of the hours, much better shielding the country against these external shocks. In fact, it’s not all bad news: solar electricity generation has saved the EU from spending 2 billion euros in fossil fuel imports only in the first 20 days of March. And now what? It doesn’t look like we’ll get a break anytime soon. The crisis will not be brief, as the European Commissioner for Energy, Dan Jørgensen, has strongly warned. who has made it clear thateven if peace were declared tomorrow, prices would not return to normal in the foreseeable future. The European Commission is already finalizing a “toolbox” with emergency measures that will suddenly return us to the scenarios of 2022. On the table in Brussels is the possibility of recovering taxes on extraordinary profits that fell from the sky (windfall tax) for energy companies. Drastic measures in sight. Brussels also foresees drastic measures to contain demand based in the well-known 10-point plan of the International Energy Agency. This would translate into recommendations to Member States to encourage teleworking, reduce speed limits on motorways and promote both public transport and car sharing. At the strategic level, to stop the bleeding in LNG prices and prevent the US from playing against Europe with Asia over shipments, the think tank Bruegel proposes a radical solution: that the EU act as a bloc and coordinate its gas purchases directly with large importers such as Japan and South Korea to avoid a bidding war. The invisible problem. To understand the complete picture, we must talk about the great bottleneck that almost no one talks about: concrete and copper. European renewable deployment is colliding with a lack of capacity in electricity networks. According to a report from the climate think tank Emberat least 120 GW of planned renewable energy projects in Europe are at risk simply because the grid cannot support them. The logjam is monumental, with almost 700 GW of renewable projects stuck in connection queues awaiting permits across European countries reporting this data. And this is not just a problem of the macro plants of large corporations; It directly affects the average citizen. According to calculations in the same report, 1.5 million European homes could face delays in being able to connect the solar panels on their roofs due to obsolete distribution networks that do not have the capacity to take on the energy. A chronic gap. The underlying problem is a chronic gap in the system itself. As pointed out EuractivEurope has changed how it generates its electricity, but it has not electrified its real economy. Cars continue to burn oil, heavy industry continues to use fossil gas and the general electrification of the economy has been stagnant for ten years. Europe has spent … Read more

Neither drones nor missiles nor AI, the war in Ukraine has turned a vehicle from 1950 into a key piece: the M113

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Some of the most produced military vehicles in history exceed 80,000 units manufactured and remain in service in dozens of countries decades after their design. In many cases, their longevity is not due to their power, but to something much simpler: that they simply work, are easy to repair, and never completely disappear. An unexpected veteran. While the algorithms and drones freelancers starred on all the covers of war innovationsin recent times the war in Ukraine has turned in key piece to a vehicle from the 1950s as it was the M113and that says much more about the conflict than any next-generation system. On a battlefield dominated by advanced technology, this armored transport has resurfaced not because it is the most powerful, but because it fits better than anyone else in a war of attrition where the important thing is not sophistication, but the ability to resist, move and continue operating day after day. Simple wins. The M113 was designed for another timebut its qualities (mobility, mechanical simplicity and ease of production) make it have converted surprisingly effective in Ukraine. The reason: in an environment saturated with drones and artillery, where any vehicle can be destroyed in seconds, the key is not so much to survive everything as to be able to be repaired quickly and return to the front. Its ability to operate off-road, transport troops or even drones and adapt with improvised protections makes it a versatile tool in a conflict where conditions are constantly changing. Drones and the rules. The truth is that the proliferation of drones has reduced the usefulness of many traditional systems, including heavy tanks, forcing both sides to rethink how they move and fight. In this context, the M113 does not stand out for its weapons, but for its logistical function: carry soldiers, equipment or drones to forward positions. War, from that perspective, is no longer decided so much by direct fire, but by who manages to best position their resources in an environment monitored from the air, and there this vehicle fits perfectly. Russian “Giga Turtle” captured by Ukrainians Meanwhile, Russia adapts in its own way. On the other side of the front, in recent weeks Russia has attempted to respond with radically different solutions, such as the return of called “giga turtle”in essence, over-armored versions of tanks designed to resist drone attacks. Huge and slow, these machines prioritize protection over mobility, making them easier targets despite their toughness. His reappearance reflects the same conclusion that has been imposed on the battlefield: vehicles are still necessary, but they must adapt to a constant threat from the air. War of attrition and quantity. Ultimately, the success of the M113 It also has to do with something much more basic: that there is a glarge amount of stock available for these models. Thousands of units produced over decades allow Ukraine to quickly replace losses in a war where attrition is brutal. In other words, compared to more expensive and scarce modern systems, this vehicle offers something essential for the fight: continuity. In an extremely slow conflict that is already measured in years, it is not whoever has the most advanced weapon who wins, but whoever can continue fighting the longest. The real change is conceptual. If you like, all this points to a deeper conclusion: the war in Ukraine is not necessarily rewarding the newest, but rather the most useful in an extreme context. AND the M113 symbolizes this change like few others, where cutting-edge technology coexists with solutions from another era that they still work because they respond better to the real needs of combat. In a scenario dominated by drones, sensors and constant fire, the key is not so much to reinvent warfare, but to adapt to it, even if that means returning to vehicles designed more than half a century ago. Image | Armed Forces In Xataka | While everyone was looking at Iran, a drone has made a hole so big that it seems impossible to cover it: the one in the roof of Chernobyl In Xataka | Russia is building its largest warship in the Black Sea. You know it, we know it and the Ukrainian drones know it

The war in Iran is turning tourism upside down. And that translates into something for Mallorca: thousands more Germans

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In just over a month, the Middle East conflict has reminded the world that, at least in the 21st century, the seismic wave of wars is felt far beyond where the bombs fall. Its effect has already spread to the price of oilthe stock market and geopolitics and now threatens to shake the shopping basket. Another sector in which it is also leaving its mark (and a lot) is the touristwho has seen how in a matter of weeks flights were canceledthey reinforced routes and basically demand swung at a global level. And that is being felt strongly in the Balearic Islands. More flights to Mallorca. That the Balearic Islands see their flight schedule reinforced at the gates of Easter and with summer just around the corner is nothing new. What is curious is that the programming is shielded with dozens and dozens of extra frequencies, such as reveals Mallorca Diarywhich estimates that the war in Iran has led to more than a hundred extra flights being planned between Germany and Mallorca for the start of the season. In practice this translates into something that will soon be noticed in the Balearic Islands: tens and tens of thousands of extra places for German travelers until June. How many flights are there? Yes. The biggest injection will come from Eurowing, an airline low cost based in Düsseldorf and part of the Lufthansa Group. A few days ago its managers announced the scheduling of a hundred extra flights to Palma, an effort that they relate (without mentioning it directly and explicitly) to the instability that the Middle East is experiencing. “The airline responds to the changing demand of the sector and reinforces its offer to the western Mediterranean,” clarify. According to the calculations of the company, the reinforcement of its operations with Mallorca will result in 36,000 extra seats until the end of May. “Around 100 additional flights are planned to Palma, along with around 70 connections to the Canary Islands (Fuerteventura, Las Palmas, Tenerife), as well as to Faro, Málaga, Naples and Nice,” Eurowings specifies before specifying that the new scheduled flights will operate from the airports of Berlin, Cologne, Düsseldorf, Hamburg and Stuttgart. Beyond Eurowings. The Lufthansa airline is not the only one that has decided to redouble its commitment to the Balearic Islands. Condor Flugdienst, another German operator, will reactivate two connections with the Spanish archipelago starting in May: one will be the Dortmund-Palma route, which will be covered daily with an Airbus A321; the other will link the Münster/Osnabrück airport with Mallorca. The list of companies that will target the Balearic Islands offer in the coming weeks are Ryanair and TUI Fly. The first offers a route to Mallorca from Friedrichshaffen, in Baden-Württemberg (Germany). Regarding the second, Tourinews inform that a few days ago it announced the scheduling of 68 additional flights with around 10,000 seats from several German airfields, including Hannover and Munich. The destinations are spread across various points throughout southern Europe, including Greece, the Canary Islands and Mallorca. “They have changed their plans”. It is not just that German airlines seem to look with redoubled interest at the great destinations of southern Europe and the Mediterranean. The sector itself recognizes a change in trend that is related to the war in Iran and the influence it is exerting on the market. “Many tourists who had not yet booked and were planning to travel to destinations in the Middle East have changed their plans at the last minute and opted for other places,” clarify to Mallorca Diary from the Business Group of Travel Agencies of the Balearic Islands (AVIVA). a few days ago The reason assuredciting data from tour operators, that British reservations have skyrocketed by 40% in the Balearic Islands. The Canary Islands have also recorded an increase of 16%. “Last minute increases”. Last week the Hotel Business Federation of Mallorca (FEHM) calculated that the average occupancy during Easter will be around 70%, a level similar to that of past years, with 92% of its places activated. In the specific case of Palma, the forecasts were somewhat better and almost 90% of the available rooms were expected to be filled. These are, however, the starting data. In general, the group is cautious, remembering the “uncertainty” that reigns in the market internationally and also recognizing that its initial estimates may be out of date, opening the door to an increase in reserves. “There may be increases due to last minute sales,” anticipates the executive vice president of FEHM. Has the scenario changed that much? The truth is that yes. And in several aspects. The war and its consequences, which extend far beyond Iranian borders to the rest of the Persian Gulf, have made tourists from other countries be suspicious of destinations established until now. A few weeks ago, the Mabrian firm studied the security perception indices of nations such as Qatar, the Emirates and Saudi Arabia and found that the indicator had plummeted. The most curious thing is that it has also taken its toll on other distant tourist spots, such as Jordan, Türkiye or Egypt. The study was carried out shortly after the US and Israeli attack on Iran and Tehran’s subsequent reaction, which turned the airspace of much of the Gulf upside down. Since that region plays a key role as an air interconnection point on routes between Europe and Asia, the war also took its toll to connections with countries like Sri Lanka. Surprising (but not that surprising). In reality, the latest movements of Eurowings, TUI Ryanair only confirm what analysts tell us. weeks anticipating: that part of the demand that now views the Middle East with suspicion will be redirected towards other beach destinations in Western Europe. Which is it? In mid-March the BBC spoke from Portugal, Italy and Spain, as well as the Caribbean, Mauritius and the USA. They were not simple predictions. The British chain cites data from a famous travel agency, Thomas Cook, which already at that time … Read more

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