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20.04.26 - 14:42
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Xi Urges Immediate Opening Of Hormuz Strait For First Time, In Call With Saudi Crown Prince (ZeroHedge)
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Xi Urges Immediate Opening Of Hormuz Strait For First Time, In Call With Saudi Crown Prince
China's President Xi Jinping on Monday demanded the uninterrupted passage of vessels through the Strait of Hormuz in a phone call with Saudi Arabia's Crown Prince Mohammed bin Salman, state news agency Xinhua reports. He urged the normalization of shipping traffic after about 50 days of disruption which obviously and significantly impacts Chinese oil imports.
"Normal navigation through the Strait of Hormuz should be maintained, this is in the shared interests of regional countries and the international community," Xi said, in the statement also carried by AFP. He called for an immediate, comprehensive ceasefire and insisted disputes be resolved through political and diplomatic means.
Getty Images
He added that China will deepen strategic mutual trust with Saudi Arabia and expand practical cooperation.
South China Morning Post observes that it was "the first time the Chinese leader had...
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17.04.26 - 14:24
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Saudi Arabia abandons plans to host 2035 Rugby World Cup amid funding cutback (The Guardian)
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Saudi's PIF undergoing 'value realization' of plan'The [Iran] war would add more pressure to priorities'Saudi Arabia has abandoned its aspirations to host the 2035 Rugby World Cup as a result of the Public Investment Fund's new financial strategy.The sports minister, Prince Abdulaziz bin Turki al-Faisal, confirmed Saudi's interest in bidding for the tournament last year, but the Guardian has learned that the kingdom has not submitted an expression of interest to World Rugby and has no plans to do so before the bidding process closes in October. The president of Asia Rugby, Qais al-Dhalai, also talked up a joint Middle East bid from Saudi, Qatar and the United Arab Emirates last year, but that has not materialised either. Continue reading......
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17.04.26 - 00:06
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LIV and let die: golf rebels count cost of Saudi cutbacks and other sports fear worst | Matt Hughes (The Guardian)
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Public Investment Fund withdraws support for rebel tour and other sports could be hit too with Newcastle United uncertainThe reverberations of an unscheduled meeting of LIV Golf executives in New York this week have been felt way beyond their swanky offices in Hudson Yards, on the west side of Manhattan.A slowdown in Saudi Arabia's lavish spending on sport, which is conservatively estimated to have cost the kingdom more than $10bn in the past five years, had been expected, but its Public Investment Fund's withdrawal of financial support for the rebel tour – which was first mooted to LIV execs on Monday – has caused shockwaves throughout the wider industry. Continue reading......
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16.04.26 - 19:48
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LIV Golf CEO Denies "Speculation" That Saudi Arabia On Cusp Of Severing Ties (ZeroHedge)
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LIV Golf CEO Denies "Speculation" That Saudi Arabia On Cusp Of Severing Ties
Update (1130ET): Amid reports that Saudi Arabia's Public Investment Fund might be on the verge of pulling its funding for the league, LIV Golf CEO Scott O'Neil told staff in an email overnight that its season will go on "as planned, uninterrupted and at full throttle."
The email, which was obtained by ESPN, didn't directly address reports that PIF might stop investing in the breakaway circuit after spending more than $5 billion since its inception in 2022, or whether the league will continue competitions beyond this season.
"I want to be crystal clear: Our season continues exactly as planned, uninterrupted and at full throttle," O'Neil wrote in the email.
"While the media landscape is often filled with speculation, our reality is defined by the work we do on the grass. We are heading into the heart of our 2026 schedule with the full energy of an organization that is bigger, loud...
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