Israel occupying 62% of Gaza as it expands control beyond ceasefire limits

Bassem Naim, a member of Hamas’s political bureau

Press TV

A senior Hamas official has said that Israeli occupation forces are expanding their control in the besieged Gaza Strip beyond the boundaries set by the ceasefire that took effect in October 2025.

On Sunday, Bassem Naim, a member of Hamas’s political bureau, stated that Israel has shifted a newly imposed “orange line” by an additional 8% to 9% into Palestinian territory.

This move has increased the area under Israeli control to more than 62%, leaving Palestinians with roughly 38% of the blockaded Strip.

The expansion has drastically reduced living space for Palestinians and worsened an already catastrophic humanitarian crisis.

It follows Israel’s earlier establishment of the so-called “Yellow Line,” which originally defined the limits of its military deployment under the first phase of the truce.

Local sources report that Israeli markers have been gradually moved deeper into Gaza, effectively redrawing the boundaries on the ground.

This advance has triggered fresh waves of displacement, especially in Khan Yunis, eastern Gaza City, and parts of northern Gaza.

UN spokesman Stephane Dujarric confirmed the development, noting that Israeli authorities have introduced a new boundary beyond the “Yellow Line” — now referred to by humanitarian teams as the “orange line.”

“Now there’s another color line. A so-called orange line has been presented to our humanitarian colleagues,” Dujarric said.

He added that UN teams were informed any movement beyond this line must be coordinated in advance with Israeli authorities.

Under the ceasefire agreement, the “Yellow Line” was intended to separate zones of Israeli military presence in the east from areas where Palestinians could remain in the west, originally covering about 53% of the territory. However, Palestinian sources say Israel has steadily pushed this boundary westward in recent months.

Instead of withdrawing as required by the agreement, Israeli forces continue to seize more Palestinian land across Gaza.

For Palestinians, these layered “lines” are shrinking their living space and reshaping life in the Strip.

More than two million people are now confined to ever-narrower areas amid deteriorating humanitarian conditions and ongoing restrictions.

Analysts warn that these evolving boundaries risk becoming a permanent reality on the ground.

Earlier this year, Israeli army chief Eyal Zamir described the “Yellow Line” as a “new border line.”

In March, the Israeli regime’s prime minister Benjamin Netanyahu claimed that more than half of Gaza was already under Israeli control.

Israel has repeatedly violated the ceasefire, killing hundreds of Palestinians and injuring thousands more since it took effect.

The truce was intended to end a two-year Israeli genocidal war on Gaza that killed over 72,500 Palestinians, wounded 172,000 others, and destroyed nearly 90% of civilian infrastructure.

[…]

Via https://www.presstv.ir/Detail/2026/05/03/767986/Israel-occupying-62-percent-of-Gaza-as-it-expands-control-beyond-ceasefire-limits-Hamas


‘Spies inside the Vatican’: US espionage campaign targets Pope Leo XIV

(Photo credit: Guglielmo Mangiapane/Reuters)

The Cradle

APR 24, 2026

Independent US journalist Ken Klippenstein says Washington stepped up intelligence activities against the Vatican following Trump’s spat with the Pope

The administration of US President Donald Trump has been “spying” on Pope Leo XIV as part of a years-long intelligence campaign by Washington against the Vatican, US investigative journalist Ken Klippenstein said in a report released on 24 April.

Klippenstein – an independent, Washington-based investigative journalist who formerly wrote for The Intercept – cited sources as saying that Trump’s recent comments on the new Pope were taken by the intelligence community as “a directive to prioritize spying on the Vatican.” Trump had said earlier this month that Pope Leo was “terrible on foreign policy” and “weak on crime.”

According to Klippenstein’s sources, Washington has “for years” been spying on the Vatican.

“The CIA has human spies working inside the Holy See bureaucracy. The NSA and CIA seek to intercept telecommunications, emails, and texts. The FBI investigates crimes committed against and by the Vatican. The State Department closely follows the ins and outs of Papal diplomacy and politics. All of these agencies liaise with the Vatican’s own foreign policy, intelligence, and law enforcement agencies,” the report stated.

Klippenstein pointed to a “longstanding – and quietly extensive – relationship between the US national security apparatus and the Vatican” involving diplomatic, law enforcement, and cybersecurity cooperation.

Much of it is “genuine” but also serves as a “convenient cover for collecting intelligence.”

“The first Trump administration sought to beef up its coordination with Italian intelligence agencies and Vatican officials on things like cybersecurity, white collar crime, human trafficking, art theft, and other issues. One particular project was to help the Vatican actively thwart cyber intrusions into its networks. The FBI also regularly provides threat intelligence to the Pope during his travels,” Klippenstein cited FBI documents as saying.

“The State Department, meanwhile, maintains a daily Vatican-centric news digest circulated to diplomats worldwide … The department’s Bureau of Intelligence and Research has analysts dedicated to producing classified assessments on Vatican affairs,” he added, referring to other documents he obtained.

“Even the US military has a Vatican-specific language code on its books as a distinct linguistic capability. ‘QLE’ designates Ecclesiastical Latin – the Vatican’s preferred liturgical register – as distinct from classical Latin.”

The report follows recent tensions between Trump and the Holy See.

“Pope Leo is WEAK on Crime, and terrible for Foreign Policy. I don’t want a Pope who thinks it’s OK for Iran to have a Nuclear weapon. I don’t want a Pope who thinks it’s terrible that America attacked Venezuela, a Country that was sending massive amounts of Drugs into the US … And I don’t want a Pope who criticizes the President of the US,” Trump said earlier this month.

Prior to that, the pope had condemned what he called the “delusion of omnipotence,” fueling the US-Israeli war against Iran.

“Enough of the idolatry of self and money! Enough of the display of power! Enough of war!” he said.

The pope also recently said that a “handful of tyrants” were ruling the world, before later clarifying that his comments were not meant as a jab at Trump and were written before the US president criticized him.

Additionally, the papacy referred to Trump’s threat to wipe out the Iranian civilization as unacceptable.

Pope Leo’s remarks came weeks after dozens of US lawmakers demanded a probe due to hundreds of complaints from service members saying that military commanders portrayed the war on Iran as “divinely ordained” and linked to biblical prophecy, including claims that Trump had been “anointed by Jesus.”

Well over 2,000 people have been killed by the US-Israeli war on Iran, and the country’s infrastructure has been ravaged.

Only about one-third of the infrastructure destroyed in Iran’s capital during the US-Israeli war was military-linked, Bloomberg revealed on 21 April in an analysis of the damage caused by Washington and Tel Aviv.

[…]

Via https://thecradle.co/articles/spies-inside-the-holy-see-report-reveals-us-espionage-campaign-targeting-pope-leo-xiv

House Bill Cuts Federal Funds for Online Censorship

Black-and-white sketch of the U.S. Capitol dome and facade with overlapping colorful speech bubbles (teal, orange, pink, yellow) behind it.

The bill defunds the same disinformation programs that Washington spent the last decade building.

A new House appropriations bill does something unusual for Washington legislation. It tells federal agencies they cannot spend money pressuring platforms, advertisers, or foreign governments to silence speech that Americans are legally allowed to make.

H.R. 8595, the national security and State Department appropriations bill, runs hundreds of pages and buried throughout are provisions that would shut off federal funding to a wide range of speech-suppression activities.

The restrictions cover direct platform pressure, ad boycott campaigns aimed at US media companies, blacklists, and cooperation with foreign censorship regimes that target American tech firms.

We obtained a copy of the bill for you here.

What the Bill Actually Stops

The headline provision is on page 252. It bars the use of any appropriated funds to “deplatform, deboost, demonetize, suppress, or otherwise penalize” online speech, social media activity, or news outlets producing content that would be lawful under US law. The language is deliberately wide and it catches the obvious things, like government agencies asking a platform to take a post down, and the less obvious ones, like funding research projects that pressure advertisers to abandon publishers.

That second category has been doing real damage for years. Brand “safety” programs, hate speech classifiers built with federal grant money, “disinformation” tracking outfits that exist primarily to attach scary labels to inconvenient reporting.

Federal money cannot flow to programs designed to impose “legal, regulatory, financial, reputational, commercial, or political costs” on American tech companies, social media platforms, online intermediaries, or digital publishers for hosting First Amendment protected speech.

There is also a prohibition on funding work that pushes foreign governments to do the censoring instead. American agencies cannot use these appropriations to support foreign laws, regulations, codes, or enforcement mechanisms that punish US platforms for carrying speech that would be lawful here.

The whole architecture of routing American speech restrictions through Brussels or London or Canberra, then importing the results back home through global compliance regimes, runs into a federal funding wall.

Blacklists are out. Censorship cooperation with supranational bodies is out. Inducing advertisers to “cut off, reduce, redirect, or otherwise interfere with advertising, sponsorship, payment, or other revenue on the basis of lawful online speech” is out.

Protection for US Media and News Companies

A separate section on page 99 builds a tighter ring around American media and news entities specifically. Federal funds cannot be used to push for the censorship of their social media content, to influence consumer or advertising behavior toward them, or to characterize US independent news organizations as producers of “disinformation, misinformation, or malinformation.”

Those three terms have done enormous work over the past five years, and the bill treats them as the censorship vocabulary they are. Once an outlet gets labeled a disinformation source by a federally funded project, the consequences cascade; algorithmic suppression, ad networks pulling out, payment processors getting nervous. The bill cuts off the funding that powers the labeling machinery in the first place.

Codifying the Anti-Censorship Executive Order

Page 98 takes Executive Order 14149, President Trump’s “Restoring Freedom of Speech and Ending Federal Censorship” order, and locks parts of it into appropriations law. Funds cannot be spent in contravention of the order.

Executive orders can be rescinded by the next administration with a signature. Appropriations restrictions are harder to dismantle. They get reviewed every funding cycle, and reversing them requires Congress to actively vote to put the censorship machinery back online.

FOIA Improvements

Page 90 contains provisions to speed up Freedom of Information Act response times. FOIA is the main legal mechanism Americans have for finding out what their government is actually doing and federal agencies have spent decades treating it as a nuisance to be slow-walked. Long delays have become a passive form of information control.

Tightening response times pushes back against that.

The One Exception

The bill is not absolute on counter-speech work, though. A provision on page 98 authorizes “counter disinformation” programs in certain circumstances, but only narrowly. Appropriations for these programs “may only be made available for the purpose of countering such efforts by foreign state and non-state actors abroad.”

The carve-out is geographic as well as directional. Funds can target foreign disinformation operations operating outside the United States but they cannot be turned inward on American speech, and they cannot be turned on Americans speaking abroad.

The history of “counter disinformation” funding is that it tends to drift. Programs justified as targeting Russian or Chinese influence operations have repeatedly been documented working on domestic speech, often through contractors and NGOs that flag American journalists, researchers, and ordinary users.

The narrow drafting here is an attempt to prevent that drift, though enforcement is the question. A prohibition only works if someone is willing to enforce it when the program inevitably starts catching Americans in its nets.

Why This Bill Looks Different

Most legislation touching online speech in the past decade has moved in one direction. More authority for governments and quasi-governmental bodies to determine what counts as acceptable expression. More pressure on platforms to comply. More funding for research outfits whose practical output is lists of accounts and outlets to suppress.

H.R. 8595 inverts the pattern. It treats federal involvement in suppressing lawful speech as a problem to be defunded, names the specific tactics that have been used, and tries to block each one. The legislative text reads like it was written by someone who has watched the censorship apparatus grow over the past several years and wants to take its budget away one line item at a time.

The bill is currently moving through the House. Whether the anti-censorship language survives reconciliation with the Senate, and whether agencies actually comply once the funding restrictions take effect, will determine how much of this becomes real protection rather than paper protection.

[…]

Via https://reclaimthenet.org/house-bill-cuts-federal-funds-for-online-censorship

Spain demands immediate release of Spanish-Palestinian activist detained by Israel

Spanish pro-Palestinian activist Saif Abu Keshek arrives at a court in Ashkelon, Israeli-occupied territories, on May 3, 2026. (Photo by AFP)

Press TV

Spain has called for the “immediate release” of Saif Abu Keshek, a Spanish-Palestinian activist, who was detained by Israeli forces following the violent interception of a Gaza-bound flotilla in international waters. 

Spain’s Foreign Ministry made the appeal in a statement issued on Sunday after an Israeli court ruled to extend his detention for an additional two days earlier in the day.

In its statement, the ministry condemned the “illegal detention” of Abu Keshek, emphasizing its demand for the activist’s immediate release while noting that the claims against him are unfounded.

According to the ministry, the Spanish consul in Tel Aviv was present at the court hearing in Ashkelon to support Abu Keshek.

Abu Keshek was captured as a crew member of the Global Sumud Flotilla, along with Brazilian activist Thiago Ávila, that aimed to break the Israeli blockade on Gaza and deliver humanitarian supplies to the besieged territory.

Both activists were apprehended by Israeli forces during the flotilla’s journey, which set sail from European ports including France, Spain, and Italy.

According to the rights group Adalah, which is providing legal assistance to the detained activists, Abu Keshek and Ávila were subjected to severe mistreatment during their detention by Israeli forces.

The group reported that Ávila experienced “extreme brutality” during the seizure, detailing having been beaten and kept in isolation without proper care.

Similarly, Abu Keshek was reportedly hand-tied, blindfolded, and forced into uncomfortable positions from the moment of capture until their arrival in Israel.

Israel’s foreign ministry has alleged that both activists are linked to the Popular Conference for Palestinians Abroad (PCPA), an organization accused by the United States of having connections to the Palestinian resistance movement Hamas and conducting activities that undermine the Israeli regime.

The accusations have been met with significant backlash from Spain, which categorically rejects the claims against Abu Keshek.

The flotilla’s organizers assert that the interception by Israeli forces occurred [in international waters] over 620 miles away from Gaza, reporting that their equipment was destroyed, leaving them in a “calculated death trap at sea.” After the interception, many activists were sent back to the Greek island of Crete.

Late on Wednesday, Israeli forces intercepted 22 out of the 58 aid boats travelling through international waters and bound for the besieged Gaza Strip.

The vessels make up part of a second Global Sumud Flotilla attempting in recent months to break an Israeli blockade by carrying humanitarian aid to Palestinians in Gaza.

The Sumud Flotilla stated in a statement that 31 activists were wounded in the Israeli assault.

Via https://www.presstv.ir/Detail/2026/05/03/767984/Spain-demands-immediate-release-of-Spanish-Palestinian-activist-detained-by-Israel

Iran reviewing US response to 14-point plan delivered via Pakistani intermediary

Foreign Ministry Spokesman Esmaeil Baghaei

Press TV

Iran confirmed on Sunday that the United States has delivered its response to Tehran’s proposed 14-point plan through Pakistani mediators, and that the Islamic Republic is currently reviewing the document.

“The Americans have given their answer to Iran’s 14-point plan to the Pakistani side, and we are currently reviewing it,” Foreign Ministry Spokesman Esmaeil Baghaei said in a televised interview.

He clarified that the Iranian proposal is exclusively focused on ending the US-Israeli aggression against Iran and hostilities in the region and contains no provisions related to the country’s nuclear program.

“The plan we have presented is centered on ending the war. There are absolutely no details regarding the country’s nuclear issues in this proposal,” Baghaei said.

He dismissed recent reports, including a piece by Al Jazeera, which claimed the 14-point plan included a 15-year suspension of Iran’s nuclear activities and potential US-Iran cooperation on mine-sweeping operations in the Strait of Hormuz.

“These are among the things that I believe are fabricated by the imagination of some media outlets. No such thing exists in the plan,” the spokesman said.

He pointed out that the nuclear issues that have recently been raised were covered in previous negotiations between Tehran and Washington and have nothing to do with the current plan.

The US and Israel attacked Iran in mid-June and late February as Tehran was in the midst of diplomatic talks with Washington over its peaceful nuclear program, he explained.

“We are not currently engaged in any negotiations over the nuclear issue, and decisions about the future will be made in due course,” he emphasized.

Baghaei reiterated that Iran’s immediate diplomatic and security focus remains on halting aggression across the region, particularly in Lebanon.

“We are currently concentrated on ending the war in the region, including in Lebanon,” he said. “As for other matters, decisions will be made at their appropriate time. As I mentioned, at this stage we are focused on ending the war, and we have no nuclear negotiations.”

The proposed framework is based on an initial cessation of hostilities, followed by a 30-day period during which detailed provisions would be examined, the spokesperson said.

Iran fundamentally does not accept negotiations under ultimatums or imposed deadlines, he asserted.

The spokesperson dismissed media speculations that some countries have been named as guarantors of a possible agreement between Iran and the US.

Baghaie said that Tehran does not rely on Washington’s commitments as “guarantees”, instead, Iran’s leverage stems from its own domestic power and capabilities.

“Power on the battlefield and levers are the most important assurances for the implementation of any potential agreement,” he explained.

IRNA reported on Friday that Tehran delivered the text of its latest plan to Pakistan Thursday night as a mediator in talks with the United States.

The United States and Israel launched their unprovoked war of aggression against Iran on February 28. They assassinated Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei and struck nuclear facilities, schools, hospitals and civilian infrastructure.

Iran’s Armed Forces responded with 100 waves of retaliatory strikes under Operation True Promise 4, launching hundreds of ballistic and hypersonic missiles, as well as drones, against American military bases across West Asia and Israeli positions throughout the occupied territories.

On April 8, forty days into the war, a Pakistan-brokered temporary ceasefire took effect. Iran and the US held one round of intensive discussions in Islamabad on April 11 aimed at securing a permanent deal but they ended after 21 hours with no breakthrough with Iran citing Washington’s “excessive demands.”

US President Donald Trump on April 21 said that he would indefinitely extend the ceasefire.

Iranian officials have said that Washington should lift its illegal blockade on Iranian ports before the start of new round of talks. Tehran has also asserted that, as long as the blockade is still in place, it has no intention of reopening the Strait of Hormuz.

The US blockade of Iranian ports has also failed to achieve its stated aim of cutting off Iran’s oil revenues.

[…]

Via https://www.presstv.ir/Detail/2026/05/03/767992/Iran-says-is-reviewing-US-response-to-14-point-plan-delivered-via-Pakistani-intermediary


Australia’s Under-16 Social Media Ban Fails: 73% Ignore It

Australia’s under-16 social media ban has been in force for four months and the headline finding from a new working paper out of the University of Chicago’s Becker Friedman Institute is that around three-quarters of the teenagers it targets are ignoring it.

The paper, “Why Bans Fail: Tipping Points and Australia’s Social Media Ban,” surveyed 746 Australian teenagers between March and April 2026. Among 14- and 15-year-olds covered by the ban, only about 27% are complying. The other 73% are still using Facebook, Instagram, Snapchat, TikTok, X, YouTube, Reddit, Twitch, Threads, or Kick, the ten platforms the law designates off-limits to anyone under 16.

The Online Safety Amendment (Social Media Minimum Age) Act 2024 took effect on 10 December 2025, making Australia the first country to outlaw teenage social media accounts at the federal level.

More than a dozen other countries and numerous US states are now considering versions of the same approach. The Australian model places enforcement entirely on the platforms, which face penalties of up to A$49.5 million for failing to take “reasonable steps” to keep under-16s off their services. Teenagers themselves face no legal sanction.

The teenagers know this. According to the survey, only 22% of banned teens believe they personally face any consequence for using a banned platform.

47% correctly understand that the consequences fall on the companies. Awareness of the ban is near-universal at 86%. The teens aren’t confused about what the law says. They’ve simply concluded, accurately, that the law isn’t aimed at them.

Getting around the restrictions takes minimal effort. 75% of banned teens describe circumvention as easy or very easy.

The most common workarounds are the obvious ones: lying about age on verification prompts (57%), entering false birthdates at sign-up (44%), borrowing a parent’s or older sibling’s account (42%), and routing through a VPN (30%). 64% of 14- and 15-year-olds in the survey have not had their accounts removed at all. The platforms haven’t found them. A quarter of non-compliers report that a parent, older sibling, or other adult helped them sign up for a new account after a previous one was deactivated.

The researchers also asked teenagers a more interesting question. What share of your peers would need to stop using social media before you stopped? The average answer was 69%. Some teens placed the threshold even higher. The result holds across every way the question was framed, whether the reference group was age peers, classmates, the wider school, or “a typical person your age.” The numbers came out between 62% and 69% in every variant.

That gap, between 27% actual compliance and a 69% threshold, is the paper’s central finding. The model the researchers build from the data suggests that the only stable equilibrium under current conditions is around 18% compliance, lower than what’s already observed. Compliance is more likely to erode than to grow.

Then there is the social composition of who complies. 47% of surveyed teenagers said the kids who comply with the ban are less popular than the kids who don’t. Only 5% said compliers are more popular. Among current users of banned platforms, 52% rated compliers as less popular. The teens still on the platforms have, on average, around twice the Instagram follower count of those who have left, 470 versus 200.

The authors point to cigarette smoking as the inverse precedent. Higher-status smokers quit first, connected friend groups quit together and over time continued smokers became peripheral in their social networks.

The Australian ban is producing the opposite pattern. The popular kids are staying, the less popular kids are leaving and being on social media remains the cool thing to do.

The justification for the ban rests on adolescent mental health concerns and the government’s framing presents the law as protective.

The data shows what happens when a state assumes the authority to wall off entire categories of speech and association from a class of citizens, then leaves the actual decision-making to companies operating under threat of nine-figure fines.

The companies decide, by means they don’t fully disclose, who is and isn’t allowed to participate. Detection methods used so far include facial age estimation, identity verification, behavioral inference from language and login patterns and signals from peer networks. Algorithms parse user behavior to guess at age. Errors fall on individual users with no recourse worth speaking of.

The paper’s authors are careful not to dismiss the law’s longer-term prospects entirely. They note that norms can shift over decades and that the cigarette precedent to which we return below is a reminder that decades-scale norm change is possible.

The current architecture, which places enforcement on platforms and makes individual non-compliance invisible, doesn’t activate the channel through which laws change behavior by changing what people see their peers doing. When visible peer behavior continues to signal widespread use, the descriptive norm works against the legal message rather than reinforcing it.

The law tells teenagers they cannot have these accounts. The teenagers can see, on the same platforms the law says they can’t use, that everyone they know still has them. Among the 14- and 15-year-olds who believe all five of their closest friends are still on banned platforms, 86% report using those platforms themselves in the past week. Among those who believe none of their five closest friends are still on them, the figure drops to 15%.

What Australia has produced, four months in, is a law that almost no one under 16 obeys, that targets the least popular kids most successfully, that the targeted kids consider trivial to evade, and that has not changed the social environment it was designed to change.

The government got a press cycle, the platforms got a compliance theatre to perform, and the kids got a lesson in how laws work when they’re written about them rather than for them.

[…]

Via https://reclaimthenet.org/australias-under-16-social-media-ban-fails

US National Debt Exceeds Size of Economy for 1st Time Since World War II

This Wednesday, April 3, 2019, file photo shows a box filled with dollar bills, in New York. - Sputnik International, 1920, 01.05.2026

 

Sputnik International

The US national debt exceeded the size of the country’s economy at the end of March for the first time since the end of World War II, Fox Business reported, citing data released by the Bureau of Economic Analysis.

The Bureau reportedly estimated on Thursday that the national debt held by public amounted to $31.27 trillion as of March 31GDP at that time was estimated at $31.22 trillion, meaning the US national debt exceeded 100% of the country’s economy.

Last time such a situation was observed in 1946, when the percentage of public debt to GDP was 106%, the report read.

On Thursday, Fitch Ratings suggested that US national debt, under its baseline scenario, would exceed 120% of GDP no later than 2027. The US public debt-to-GDP ratio was 116.6% in 2025, will reach 119.3% this year, and will increase to 122.2% in 2027, the agency estimated.

[…]

Via https://sputnikglobe.com/20260501/us-national-debt-exceeds-size-of-economy-for-1st-time-since-end-of-world-war-ii–reports-1124071645.html

Brazil Quietly Shifts Away from US Dollar to Gold

Brazil Quietly Shifts Away from the Dollar to Gold

Armstrong Economics
May 1 2026

The Banco Central do Brasil has raised gold’s share of reserves from 3.55% to 7.19% in just one year, effectively doubling its exposure and making gold the second-largest reserve asset after the US dollar, while total reserves stand at approximately $358.23 billion and the dollar’s share has declined to about 72%, marking a record low. This is not a marginal adjustment or routine diversification, it is a structural repositioning that reflects a growing unease with sovereign debt markets.

When a central bank reduces dollar exposure while increasing gold holdings, it is not acting randomly but responding to a shift in confidence, and this aligns directly with the broader trend we are witnessing globally as central banks collectively purchased roughly 863 tonnes of gold in 2025 and are expected to remain strong buyers into 2026. The driving forces behind this are not inflation in the traditional sense, but geopolitical fragmentation, the weaponization of reserves, and the realization that sovereign debt levels are no longer sustainable without continued central bank intervention.

Brazil’s move mirrors what we have been warning about for years, which is that capital flows, not trade balances, dictate the strength of currencies, and once confidence begins to erode in government debt, that capital begins to migrate into assets that are not someone else’s liability. Gold fulfills that role because it cannot be printed, defaulted on, or frozen by a foreign government, and this becomes critical in a world where sanctions and financial restrictions are increasingly used as political tools.

The significance of Brazil’s decision is that it is not repatriating gold like France or Germany, but instead reallocating reserves in a way that quietly reduces dependence on the dollar without triggering market disruption. This is often how such transitions begin, as they unfold incrementally until they reach a tipping point. This is not about abandoning the dollar overnight, it is about gradually preparing for a world where confidence in sovereign debt is no longer taken for granted.

[…]

Via https://www.activistpost.com/brazil-quietly-shifts-away-from-the-dollar-to-gold/

81 Iran-linked Vessels Successfully Evade Alleged US Blockade

New maritime data shows that 81 Iranian or Iran-linked vessels have successfully passed through the Strait of Hormuz despite Washington’s claim of a naval blockade on Iran.

Via https://t.me/presstv/188106

Oil giants defy US pressure to boost production to ease fuel crisis 

Press TV
Oil giants defy US pressure to boost production to ease fuel crisis 

US oil giants ExxonMobil and Chevron have openly defied ongoing pressure from the White House to increase oil production despite soaring prices and an escalating energy crisis sparked by the US-Israeli aggression against Iran.

The Financial Times reported on Friday that senior executives from both companies stood firm in their commitment to current strategies, even as the United States faces rising fuel costs linked to the war against Iran.

Neil Hansen, Exxon’s chief financial officer, said there has been “no change” in operations in the Permian Basin, emphasizing that the company is already operating at maximum capacity.

“There’s really no need for us to shift up because we’re already in high gear,” he said, underlining the unwavering commitment of the oil giant to their established practices.

Similarly, Chevron’s finance chief, Eimear Bonner, reinforced the company’s stance, arguing that the current crisis caused by geopolitical instability does not warrant a significant change in their plans.

“The crisis has not prompted any change to any of our plans,” she said, noting that the company’s focus remains on improving free cash flow rather than simply boosting production.

“You wouldn’t expect us to be changing our plans significantly on the back of eight weeks of disruption,” she added, referring to the ongoing turmoil affecting global oil supply.

Iran closed the strategic Strait of Hormuz to shipping associated with the US, Israel and their allies, days after the war began, sending energy prices soaring worldwide. The US later imposed a blockade of Iranian ports, further shaking the global markets.

Oil prices surged to approximately $126 per barrel, with US gasoline prices climbing above $4 a gallon.

In the first quarter of the year, Exxon reported a net income of $4.2 billion, representing a 46 percent decline compared to the previous year. This drop was primarily attributed to a $3.9 billion loss related to undelivered cargo hedges.

The company also acknowledged that the war against Iran is expected to decrease its global output by about six percent.

Meanwhile, Chevron reported a net income of $2.2 billion, a 37 percent decrease, although its overall production saw an increase due to acquisitions and heightened output in certain regions.

Despite the challenges, both companies have reported that their refineries are functioning at record levels, taking advantage of high prices for diesel and other refined products, even while they refuse to increase crude production.

In response to the mounting pressure from the Trump administration, senior officials have been engaging directly with industry leaders to advocate for an increase in drilling activities.

The government’s outreach aligns with President Donald Trump’s longstanding energy policy, characterized by the mantra “DRILL, BABY, DRILL.”

The pressure is escalating as ongoing inflation and rising gasoline prices threaten political consequences, intensifying the urgency for domestic production to alleviate costs for American consumers.

[…]

Via https://www.presstv.ir/Detail/2026/05/02/767914/Oil-giants-defy-US-pressure-to-boost-production-to-ease-fuel-crisis