Breaking AI & Tech News Analyzed

Hamas's armed wing has rejected calls for disarmament, stating that discussing the issue before Israel fully implements the first phase of the US-brokered ceasefire in Gaza amounts to an attempt to continue the genocide against Palestinians.In a televised statement, Hamas spokesman Abu Obeida said that raising the issue of weapons 'in a crude manner' would not be accepted. He emphasized that the disarmament demands are an overt attempt to continue the genocide against Palestinians, something Hamas will not accept under any circumstances.The issue of Hamas relinquishing its weapons is a major obstacle in talks to implement US President Donald Trump's 20-point plan for Gaza, aimed at ending Israel's war on the besieged territory. Since the US- and Qatar-brokered ceasefire took effect in October, more than 705 Palestinians have been killed in Israeli attacks, according to the Palestinian news agency Wafa.Hamas has told mediators it will not discuss disarmament without guarantees that Israel will completely withdraw from Gaza. Abu Obeida urged mediators to pressure Israel to fulfil its commitments under the first phase of the Trump plan before any discussion of the second phase can take place.Israel's war on Gaza, which began after Hamas-led attacks on southern Israel in October 2023, has killed more than 72,000 Palestinians and injured at least 172,000 others. Abu Obeida also addressed Israel's role in the US-Israel war on Iran, condemning it for launching strikes on Iran 'in the midst of the deception of negotiations, with full collusion and conspiracy with the United States'.

Iranian drones have launched a series of attacks on Kuwait's oil infrastructure, resulting in severe material damage and posing a significant threat to oil supplies that are already strained due to the ongoing US-Israel war on Iran.The drone strikes, which took place on Sunday, happened just hours before members of the Opec+ group of major global oil suppliers convened to discuss strategies for increasing output, despite Iran's effective blockade of the Strait of Hormuz shipping route.The Islamic Revolutionary Guard Corps of Iran claimed responsibility for the attacks, stating that they had targeted petrochemical plants in Kuwait, as well as in the United Arab Emirates and Bahrain. The Kuwait Petroleum Corporation reported damage and fires at its subsidiaries, including at the Shuwaikh oil sector complex, which houses the oil ministry and KPC headquarters.The attacks on Kuwait's oil infrastructure are part of a broader escalation of tensions in the Middle East, with Iranian drones also reportedly striking an office complex for Kuwaiti government ministries and two power and water desalination plants.The conflict has led to the largest disruption to oil supplies in history, with the price of Brent crude surging more than 50% since the start of the year to a peak of $119.50 a barrel in March. It is currently trading at about $109 a barrel.The disruptions have had a significant impact on energy costs for consumers, with the average price of a litre of unleaded petrol in the UK reaching 154.45p on Sunday, and the average US fuel price passing $4 a gallon for the first time in four years.Opec+ members have agreed in principle to raise output by 206,000 barrels a day in May, but the agreement remains largely symbolic while Iran continues to block the Strait of Hormuz, a vital trade artery through which about 20% of the world's total crude oil passes.

The US labor market demonstrated unexpected strength in March, with employers adding 178,000 jobs, significantly exceeding economists' predictions of around 70,000. This growth comes after a revised report showed that the economy lost 133,000 jobs in February, a worse figure than initially stated. The unemployment rate decreased to 4.3%, according to data from the US Bureau of Labor Statistics. The job figures for January were revised upward from 126,000 to 160,000. With these revisions, total employment in January and February is 7,000 lower than previously reported. Despite the positive March numbers, the overall trend in the US jobs market has been sluggish since last year. In 2025, only 116,000 jobs were added to the economy for the entire year, which is roughly the same number added per month in previous years. The slowdown in hiring is attributed to caution among employers, particularly due to consumer inflation experiencing fluctuations over the last year. US inflation dipped to 2.3% in April 2025 before rising to 3% in September. Since the start of this year, price increases have remained steady at 2.4%. The ongoing US-Israel war with Iran is expected to drive inflation higher if the situation escalates. The labor market's uncertainty is also reflected in the 'quits rate,' which fell to 1.9%, the lowest since 2020. This suggests that workers are choosing to stay in their current jobs due to uncertainty in the labor market. Adding to the economic pressure, US average gas prices recently surpassed $4 a gallon, and experts warn that every $10 increase in the price of a barrel of oil can lead to a 0.2% climb in inflation, reminiscent of the price shocks seen in 2022 following Russia's invasion of Ukraine.

The global oil market is being significantly influenced by online prediction platforms such as Polymarket, with energy traders using data from these platforms to inform their multimillion-dollar trades. Market experts have noted that Polymarket's datafeeds are being used to create algorithms that impact trading in the global Brent crude futures market. The growing reliance on Polymarket has raised concerns that anonymous account holders may be using insider knowledge to place bets, potentially influencing pricing in the global oil market. One energy trader noted that Polymarket had become the best predictor of the oil market's direction since the US-Israel war with Iran triggered a global oil crisis. Ajay Parmar, head of oil trading at ICIS, stated that betting markets have a long history of strong prediction accuracy, and traders are increasingly turning to Polymarket for market indicators. Tim Skirrow, head of derivatives at Energy Aspects, also confirmed the adoption of prediction markets as a trading tool, noting that any data with alpha is considered in modern markets. The US investment bank Goldman Sachs has included analysis of prediction-market data in its oil market research, and the Intercontinental Exchange (ICE) has launched a trading tool providing a data feed of Polymarket's prediction markets to help traders make informed decisions. However, not all commodity traders are convinced by Polymarket's track record in predicting market-moving events. One trading analyst noted that Polymarket has made bad calls during the crisis, and that hedge funds may be more interested in the platform than traditional traders.

The ongoing conflict in the Middle East, specifically the US-Israel war on Iran, has sent shockwaves through the global economy, with the Bank of England predicting that over 1.3 million more UK households could face increased mortgage payments. Financial markets have reacted swiftly, with banks pulling around 1,500 mortgage products and raising interest rates on their remaining 7,000 home loan products in recent weeks, according to the Bank's financial policy committee (FPC). The FPC warns that approximately 5.2 million borrowers, or roughly 58% of borrowers across the country, could face higher mortgage payments by the end of 2028, up from 3.9 million before the conflict began. The data provider Moneyfacts reported that the average two-year fixed residential mortgage rate has risen to 5.84%, up from 4.83% at the start of March. Caitlyn Eastell, a personal finance analyst at Moneyfacts, noted that the impact on borrowers has been almost immediate, with borrowing costs sharply rising. The FPC emphasized that a prolonged war increases the possibility of large, frequent and possibly overlapping shocks that could put global financial stability at risk. The UK's economic outlook has deteriorated, increasing pressure on households and businesses, with the FPC adding that a prolonged conflict could amplify risks that were already present before the conflict began. The Bank of England governor, Andrew Bailey, cautioned that markets may be getting ahead of themselves by pricing in interest rate hikes in response to the Iran war, stating that the Bank's remit is to cause the least damage to the economy and jobs.

The Israeli military has confirmed that four soldiers were killed in combat in southern Lebanon, where its forces are engaged in clashes with Hezbollah fighters following a ground invasion.In a statement, the army named three soldiers from the same battalion who 'fell during combat'. A separate statement confirmed another soldier's death in the same incident, with two others wounded.This brings the total number of Israeli soldiers reported killed since fighting began on March 2 to ten, following a US-Israeli joint attack on Iran. The Lebanese Ministry of Public Health reports that over 1,200 people have been killed in Israeli attacks on Lebanon, with more than a million displaced.The escalation comes after the United Nations Interim Force in Lebanon (UNIFIL) reported that two peacekeepers were killed in an explosion near the southern Lebanese village of Bani Haiyyan. Another peacekeeper was killed by a projectile on Sunday.Israeli Prime Minister Benjamin Netanyahu has ordered the military to expand its invasion in southern Lebanon, aiming to extend a 'buffer zone' to the Litani River. Israel's far-right ministers have urged Netanyahu to annex southern Lebanon, as the military destroys infrastructure to isolate the area.Al Jazeera's Lebanon correspondent, Zeina Khodr, reported that Monday night marked a new escalation as Israel opened a new front in Lebanon's Bekaa Valley, targeting strategic supply lines for Hezbollah. Khodr noted that Hezbollah Secretary-General Naim Qassem acknowledged the imbalance of power but vowed to make the war 'costly' for Israel.The conflict in Lebanon is part of the ongoing US-Israel war on Iran, which has resulted in over 1,340 deaths since February 28. Netanyahu has reportedly told US officials that any future agreement between the US and Tehran will not stop Israel's actions in Lebanon.

A Kuwaiti oil tanker was attacked by an Iranian drone at Dubai port on Monday night, causing significant concern for the safety of civilian maritime workers in the region. The tanker, owned by Kuwait's state oil company, was carrying approximately 2 million barrels of oil, valued at over $200 million at current prices. The attack occurred amidst the ongoing US-Israel war on Iran, which has already led to thousands of deaths, disruptions in energy supplies, and fears of a global economic downturn. The incident has sparked a significant increase in oil prices, with Brent crude surging above $118 a barrel on Tuesday, marking a 59% gain for March, the largest monthly increase on record. Following the attack, dozens of tankers in the area have chosen to leave, seeking safer locations. A crew member on a nearby oil tanker described the situation as terrifying, stating, 'There's no safe place here.' The incident has also drawn a response from Donald Trump, who warned that the US would obliterate Iran's energy plants and oil wells if it did not open the Strait of Hormuz. The attack on the Salmi tanker, which was headed to Qingdao, China, has highlighted the vulnerability of maritime traffic in the region and the potential for further escalation in the conflict. Despite the fire being extinguished and no injuries reported, the situation remains tense, with many questioning the safety of their operations in the area.

UK house prices experienced a significant increase in March, rising by 0.9% month-on-month, the largest gain since December 2024. This growth, reported by Nationwide, pushed the average UK house price to £277,186. On an annual basis, house price growth accelerated to 2.2% in March, up from 1% in February.Despite this positive trend, Nationwide warned that the outlook has been clouded by the US-Israel war on Iran, leading financial markets to expect the Bank of England to raise the base rate three times over the next 12 months, from the current 3.75%. This has resulted in a sharp rise in longer-term interest rates, which underpin fixed-rate mortgage pricing.As a result, mortgage rates have risen above 5% in recent weeks, with the average two-year fixed-rate mortgage reaching 5.77% and the five-year fixed-rate mortgage increasing to 5.7%. This rapid deterioration in affordability is expected to soften housing market activity.Northern Ireland continues to show the strongest growth in house prices across the UK, with a 9.5% year-on-year increase in the first quarter to £225,269. In contrast, two regions experienced year-on-year declines: the outer south-east of England (-0.7%) and East Anglia (-0.4%).

Spain has taken a firm stance against the US-Israel war on Iran by closing its airspace to US military aircraft involved in attacks. This decision, confirmed by Defence Minister Margarita Robles, underscores Spain's position as a leading critic of the conflict in Europe. The move forces military planes, including those based in the UK and other European countries, to bypass Spain when heading to targets in the Middle East, except in emergency situations. This development comes after Spain denied the US permission to use its military bases for operations related to the war. “We don’t authorise either the use of military bases or the use of airspace for actions related to the war in Iran,” Robles stated, emphasising Spain's clear stance. She described the war as “profoundly illegal and profoundly unjust.” Spanish Prime Minister Pedro Sánchez has been vocal in his opposition to the war, calling for the US, Israel, and Iran to cease hostilities. His statements have previously drawn criticism from former US President Donald Trump, who threatened to cut off trade with Spain. The decision to restrict airspace access could potentially worsen Spain's already strained relations with the White House. However, Economy Minister Carlos Cuerpo reiterated that Spain's stance is part of its broader refusal to participate in or contribute to a war initiated unilaterally and against international law. While US military aircraft can still use Spanish bases for logistics support under a bilateral agreement, 15 American KC-135 refuelling planes were recently diverted from bases in Spain to those in France and Germany.