Infrastructure

Members reportedly agree rise of 206,000 barrels a day in May but move symbolic with strait of Hormuz effectively closedMiddle East crisis – live updatesIranian drones struck Kuwait’s oil infrastructure on Sunday, causing “severe material damage” that threatened to further disrupt oil supplies already hit by the US and Israel’s war with Tehran.It came hours before members of the Opec+ group that represents major global oil suppliers gathered to discuss how to bolster output despite Iran’s effective closure of the crucial strait of Hormuz shipping route. Continue reading...

• Meta is eliminating approximately 200 positions in the San Francisco Bay Area as part of team restructuring. • The layoffs support heavy investments in AI infrastructure and long-term tech priorities. • This reflects broader industry shifts where companies trim staff to allocate resources toward generative AI development.

• The US-led military campaign struck Iran's B1 bridge near Karaj, one of the tallest structures in the Middle East, causing significant collapse, civilian casualties, and outrage in Tehran. • President Trump shared footage of the strike on social media, warned Iran of more attacks, and hinted at targeting additional infrastructure if Tehran does not agree to a deal. • In retaliation, Iranian state media and the Islamic Revolutionary Guard Corps published a list of eight major Gulf and regional bridges as potential targets for counter-strikes, signaling dangerous escalation.

International law experts ‘seriously concerned’ about ‘strikes on schools, health centres and homes’ in contravention of Geneva conventionsDonald Trump, other senior US officials and their cheerleaders appear to be embracing attacks – and threats of attacks – on Iranian civilian infrastructure, which legal experts say appears to constitute serious war crimes under international law.In his rambling national address on Wednesday, the US president warned that if Iran did not reach an unspecified deal with him, US forces would “hit each and every one of their electric-generating plants” and “bring [Iran] back to the stone ages – where they belong”. Continue reading...

• NATO formally condemned coordinated Russian cyber attacks launched against critical infrastructure in three alliance member states, including Estonia, Lithuania, and Romania, on April 1-2, 2026. • The attacks targeted power grid control systems and financial networks, with NATO officials attributing the operations to Russian GRU military intelligence with "high confidence" based on forensic analysis and technical signatures. • The incident prompted emergency meetings of the NATO Cyber Defence Centre in Tallinn and triggered Article 5 threat assessment protocols, though military responses remain under deliberation among member states.

• CoreWeave, Inc. (CRWV) shares jumped 12% after securing an $8.5 billion loan to scale its AI infrastructure. • The financing strengthens investor confidence in CoreWeave's expansion plans amid booming demand for AI computing power. • This deal highlights growing capital inflows into AI-focused firms, potentially accelerating sector growth in 2026.

• The FCC has implemented new supply chain security rules prohibiting the sale of foreign-made consumer routers in the United States. • The ban is part of a broader US telecom infrastructure sovereignty initiative aimed at reducing dependence on foreign manufacturing for critical networking equipment. • The regulation targets Wi-Fi routers as strategic infrastructure components vulnerable to supply chain compromise and foreign surveillance.