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Oil prices have skyrocketed to more than $110 a barrel following Donald Trump's threat of military action against Iran. The international benchmark for oil prices, Brent crude, rose by 1% to $111 a barrel, while New York light crude jumped 2.6% to $115.3 a barrel. Investors are growing increasingly anxious as Trump escalates his threats against Iran, demanding it reopen the Strait of Hormuz as part of any deal to stop the war. The president set a deadline of Tuesday 8pm ET (1am BST Wednesday) for Iran to agree to a deal with Washington or face fresh attacks on civil infrastructure, including power plants. “The entire country can be taken out in one night, and that night might be tomorrow night,” Trump said. He emphasized that passage through the Strait – a vital shipping channel through which a fifth of the world’s oil and gas supplies normally pass – was a “very big priority” and should be part of any ceasefire deal. Global stock markets have been choppy since the US-Israel attack on Iran in February, as the effective closure of the Strait of Hormuz has fed fears around inflation and rattled investor confidence. On Monday, Kristalina Georgieva, the head of the International Monetary Fund, warned that the war is likely to lead to higher inflation and slower global growth. Georgieva told Reuters that before the war began, the IMF had expected a small upgrade in its expectation for global growth of 3.3% in 2026 and 3.2% in 2027. Instead, she said, “all roads now lead to higher prices and slower growth”. The IMF is expected to publish its report on the world economic outlook next week.

Apple is escalating its legal war with Epic Games by petitioning the U.S. Supreme Court to review the court's ruling on App Store fees. This move signals a critical juncture in the tech giant's defense of its revenue model, as it attempts to overturn a decision that limits its ability to charge developers for external payments. The Strategic Shift to the Highest Court After losing its appeal at the Supreme Court in a previous phase of the case, Apple is now taking its fight to the highest level of the U.S. judiciary. The tech giant filed a petition to review the Ninth Circuit Court's ruling, which found Apple in contempt for charging a 27% fee on external payments—a slight discount from its standard 30% fee. Current Status: Apple secured a temporary stay on the Ninth Circuit's ruling on April 6, 2026, effectively pausing the enforcement of the lower court's decision. Epic's Response: Epic Games immediately challenged this stay, arguing it is merely a delay tactic to prevent the court from establishing permanent bounds on Apple's fees. Legal Timeline: The battle began in 2020 when Epic bypassed Apple's fees, leading to a 2021 ruling where Apple was not deemed a monopoly but was ordered to allow external payment links. The Economics of the 27% External Fee The core of Apple's legal strategy revolves around the justification of its fee structure. While Apple reduced its commission to 27% for external transactions, Epic argues this effectively defeats the purpose of the court order, as developers still do not save significant money due to processing fees. Apple's Stance: The company argues the fee covers more than just payment processing; it includes hosting, discovery, software, and developer tools, reflecting the value of the ecosystem. Competitor Benchmark: Google settled with Epic Games last month, dropping its Play Store commissions to 20%, highlighting the pressure Apple faces to lower its rates. Developer Impact: Only a few developers, including Spotify, Kindle, and Patreon, have been willing to utilize the external payment links due to Apple's aggressive tactics. Erosion of the App Store Moat This legal battle represents a significant threat to Apple's primary revenue stream. If the Supreme Court upholds the lower courts' rulings, it could force Apple to lower its commissions or abandon its current fee structure entirely. Market Dynamics: As consumers increasingly turn to AI chatbots and agents for transactions, the traditional gatekeeper role of the App Store is being challenged. Regulatory Pressure: The court's decision will set a precedent for how tech giants can regulate commerce within their ecosystems, potentially opening the door for more developer freedom. A High-Stakes Legal Verdict Looking ahead, the Supreme Court's willingness to hear this case is uncertain. The Court previously declined to hear a similar appeal regarding Apple's monopoly status. If they reject this petition, the Ninth Circuit's decision stands, and Apple will be forced to comply with the lower fee structure. However, if the Court agrees to hear it, Apple will push to convince judges that courts should not have the authority to limit the fees it charges for its services, potentially reshaping the digital economy for years to come.

A24 marketed Kristoffer Borgli’s second English‑language film as a darkly comic romance, pairing Zendaya and Robert Pattinson as a seemingly picture‑perfect couple on the brink of marriage. The studio’s teaser, a faux wedding announcement in the Boston Globe, amplified the buzz that began with the trailer’s release and even earlier Reddit speculation. The narrative follows Charlie (Pattinson) and Emma (Zendaya) through a series of sun‑lit flashbacks that culminate in a tense pre‑wedding dinner. During a “worst‑thing‑you’ve‑done” game, Emma confesses that, as a depressed teenager in Louisiana, she once planned a mass shooting and even practiced with her father’s rifle, though she never pulled the trigger. This revelation serves as the film’s central twist and propels the story into a moral quandary about forgiveness and trust. Critics note that the film’s premise is deliberately provocative. Borgli, known for his satirical take on cancel culture in Dream Scenario, uses Emma’s confession to interrogate America’s obsession with gun violence. By placing the “thought crime” in the hands of a Black woman—contrasting with statistics that over 95% of mass shooters are male and more than half are white—the director forces a reversal of the usual gendered narrative surrounding firearms. The twist has provoked strong reactions from survivors and advocacy groups. Tom Mauser, who lost his son in the 1999 Columbine shooting, called the plot “awful” in a TMZ interview, while 2019 school‑shooting survivor Mia Tretta told USA Today that such a storyline “shouldn’t be joked about.” Parkland survivor Jackie Corin offered a more measured view, urging the film’s stars to use their platforms responsibly and questioning whether the project rises to the ethical standards their influence demands. Beyond the controversy, the film boasts technical strengths. Arseni Khachaturan’s cinematography creates a lush visual palette, and the editing maintains a brisk pace as the wedding day approaches. The climactic ceremony—described by many reviewers as the film’s “pièce de résistance”—forces Charlie and Emma to confront the fallout of Emma’s secret amid a chaotic, alcohol‑fueled toast that lays bare the fragility of their relationship. In the final scene, the couple reconvenes at a diner, echoing the opening “can we start over?” motif. The ambiguous resolution suggests that exposing one’s darkest thoughts may either deepen intimacy or foreshadow further turmoil. Overall, ‘The Drama’ is both a compelling watch and a flashpoint for debate about how cinema engages with the United States’ endemic gun‑culture. Whether the film succeeds as a thought‑experiment or merely courts outrage remains a divisive question that will likely fuel discussions well beyond its theatrical run.

Deep in the Democratic Republic of Congo (DRC), a tireless conservationist is working to safeguard the future of the critically endangered Grauer's gorilla. Dominique Bikaba, founder and executive director of Strong Roots Congo, has dedicated his life to protecting these majestic creatures and their habitats.Bikaba's journey into conservation began in 1992, driven by a desire to mediate tensions between park authorities and displaced communities. His work is deeply personal, rooted in his own experiences growing up near Kahuzi-Biega national park, where his family was displaced in the 1970s. The park, a sanctuary for Grauer's gorillas, elephants, and a rich array of wildlife, is a landscape of immense biological wealth and political fragility.The Grauer's gorilla, the largest subspecies of primates, can weigh up to 250kg (39st). However, their numbers have drastically declined due to conflict, slash-and-burn agriculture, and hunting for bush meat. Before the conflicts, there were approximately 17,000 Grauer's gorillas; by 2016, that number had dwindled to around 3,800.Bikaba's organization, Strong Roots Congo, aims to create a biodiversity corridor linking Kahuzi-Biega national park with Itombwe nature reserve. This ambitious project seeks to secure 1m hectares of land for wildlife and Indigenous communities, formalizing customary land rights and promoting coexistence. So far, Strong Roots has helped establish 23 community forests, covering about 600,000 hectares.Bikaba emphasizes the importance of community-led conservation. "What we are doing is putting communities back together, so they can thrive together as they have done for centuries," he says. His approach contrasts with traditional conservation models that often cast local people as threats. Bikaba believes that humans are part of nature and that there is much wisdom to be learned from communities living in forests.Despite the challenges posed by ongoing conflict in eastern DRC, Bikaba remains committed to his work. "If there is one thing we should avoid in life, it's war," he says. "If there is a way we can stop war in this region, we should do it. No matter the cost."

In the face of rising fuel costs, Sydney commuters are increasingly turning to bicycles as a viable alternative for their daily commutes. This shift is reminiscent of Copenhagen's response to the 1970s global oil crisis, where the city dramatically expanded its bicycle network.Recent data shows a significant increase in cycling activity in Sydney. In March, there were 600,000 bike-sharing trips in the City of Sydney, a 25% increase from the previous month. Additionally, thousands of cars have disappeared from Sydney's roads, with car traffic falling by around 5% in March compared to the previous year on major arterial roads.The surge in cycling is also reflected in the sales of electric bikes. At 99 Bikes, ebike sales have surged by 136% year on year in the past week. Bike retailers are experiencing booming business, with many customers citing high petrol prices as the reason for purchasing a bicycle or ebike.According to Australian Automobile Association (AAA) data, in the last quarter of 2025, the average Australian household spent about $453 per week on car-running costs. With unleaded petrol prices peaking at almost 260c per litre in April, a 50% increase from last year, the financial incentive for switching to bicycles is clear.Experts see this trend as an opportunity for a green revolution in transportation. Peter McLean, the CEO of Bicycle NSW, suggests that governments should capitalize on the cycling boon by investing heavily in active transport infrastructure rather than relying on short-term fuel excises.

The UK Prime Minister's recent comments on seeking closer relations with the EU are a step in the right direction, but a piecemeal approach to repairing the damage done by Brexit is unlikely to succeed.A more ambitious plan would be for Labour to announce a referendum on whether the UK should open negotiations on re-entry to the EU, promising a general election to secure a mandate to implement the proposal should the British public vote in favour. This would allow the government to seize the initiative and provide it with an issue around which to rally a broad base of electoral support.This approach would also expose the increasing reluctance of Reform UK and the Conservatives to defend Brexit and silence accusations of the betrayal of British voters.Ultimately, it would provide a practical route for restoring Britain to its rightful place within the EU, at a time when shifts in the global order make that task more urgent than ever.

The conflict between the US and Iran has taken a critical turn with mediators from Pakistan, Egypt, and Turkey circulating proposals for an immediate ceasefire to both Washington and Tehran. The goal is to halt the five-week-old war and prevent further escalation, particularly in light of Donald Trump's threat to bomb Iran's power plants if the Strait of Hormuz is not opened.The mediators are pushing for both sides to agree to suspend hostilities and reopen the strategic Strait of Hormuz, a critical waterway for global oil shipments. This temporary ceasefire would be followed by a period of detailed negotiations aimed at reaching a more comprehensive peace agreement.Iranian officials have indicated that they would not agree to open the Strait of Hormuz as part of a temporary ceasefire. Additionally, reports suggest that Iran is wary of entering into an agreement that could be violated by periodic attacks from the US and Israel.Trump's ultimatum has been met with strong resistance from Iran. The country's foreign ministry spokesperson, Esmaeil Baghaei, stated that peace negotiations are incompatible with ultimatums and threats of war crimes. Iran's central military command has warned of a 'much more devastating' retaliation should the US and Israel escalate their actions.Lawyers and experts have condemned the potential bombing of power plants and bridges as a likely war crime due to the disproportionate impact on civilians. The international community remains on high alert as the situation continues to deteriorate.Oil prices have fluctuated in response to the developments, with Brent crude futures initially falling by $1.92 to $107.11 a barrel on hopes of de-escalation before rising again. The conflict has already led to significant increases in oil prices, which were at $70 a barrel before the US and Israel attacked Iran at the end of February.The situation on the ground remains volatile, with Israel claiming responsibility for strikes on Iranian petrochemical facilities and Iran's Revolutionary Guards. There have been reports of casualties on both sides, including a missile strike in Haifa, northern Israel, and bombings in Beirut's southern suburbs.

Jamie Dimon, chairman and chief executive of JPMorgan Chase, used his highly‑watched annual letter to shareholders to press the White House to strengthen economic cooperation with U.S. allies, warning that a decline in shared prosperity could produce "truly adverse consequences" for democratic nations.His message arrives as the Iran‑Israel conflict enters its sixth week, a war that has already rattled global energy markets. Economists cited in the letter caution that prolonged fighting could push oil prices above $170 a barrel, a level capable of triggering a worldwide recession.Dimon’s appeal is widely read as a thinly‑veiled rebuke of President Donald Trump. Earlier this year, Trump filed a $5 billion lawsuit against Dimon and JPMorgan, accusing the bank of “de‑banking” him. The timing of Dimon’s comments—just days after Trump’s aggressive rhetoric urging foreign governments to "go get your own oil"—underscores the growing rift between the bank’s leadership and the administration."Economic weakening of the world’s democracies or a fragmentation of their economic bonds could lead to truly adverse consequences," Dimon wrote. He warned that adversarial states aim to make allies less dependent on the United States, potentially turning them into economic “vassals” of hostile regimes.Beyond geopolitics, Dimon highlighted the broader macro‑economic outlook. He warned that the war could generate "sticky" inflation, higher commodity prices, and disrupted supply chains, which together may force interest rates higher than markets currently anticipate. He echoed other economists in warning that inflation could rise rather than fall in 2026.Despite these challenges, Dimon expressed optimism about the U.S. economy, affirming his belief that "the American Dream is alive." He also turned to emerging technology, noting that artificial intelligence could deliver breakthroughs in healthcare, manufacturing, and safety, ultimately shortening the work week and extending life expectancy.Dimon’s annual letter—spanning nearly 50 pages and more than 20,000 words—remains a barometer for Wall Street sentiment. In it, he also critiqued the administration’s tariff policy, arguing that while tariffs have forced renegotiations, a comprehensive foreign‑economic strategy should promote growth both for the United States and its partners.As transatlantic relations strain under soaring energy costs and divergent trade policies, Dimon’s call for a coordinated economic front underscores a pivotal moment: the United States must decide whether to lead a cohesive democratic coalition or risk ceding influence to autocratic powers.

Reece James is expected to be fit again by the end of April or early May, according to club medical updates, offering a timely lift to England’s 2026 World Cup ambitions. The Chelsea defender has missed action since sustaining a hamstring problem in the defeat to Newcastle last month. Initial assessments warned of a possible two‑month lay‑off, threatening his participation in the summer tournament. England manager Thomas Tuchel now faces a crucial decision on whether to include James in the final 26‑man squad. The right‑back has been Tuchel’s preferred option, having missed recent friendlies against Uruguay and Japan due to injury, while alternatives such as Ben White and Tino Livramento failed to impress. Beyond the national team, Chelsea are eager to see James back. The club sits sixth in the Premier League ahead of a high‑profile clash with Manchester City, and the captain’s recent contract extension to 2032 underscores his importance. James has contributed not only defensively but also with notable performances in central midfield this season. Should James return as projected, his dual‑role versatility could provide Tuchel with a reliable right‑back and give Chelsea a boost in their pursuit of a top‑four finish.