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The ongoing conflict between the US and Iran has led to a sharp increase in crude prices, driving up fuel costs and placing strain on households worldwide. In the six weeks since the US and Israel launched strikes on Iran, oil prices have risen sharply, with the main international benchmark surging more than 8 percent to top $103 a barrel.However, the price of oil is more complicated than any one figure and depends on where you look. The oil trade can be broadly divided into two distinct markets: physical sales and contracts for future oil deliveries, known as futures.Since the start of the war and Iran's effective blockade of the Strait of Hormuz, prices in these markets have diverged substantially – reflecting what analysts say is a growing mismatch between perceptions of supply and the reality on the ground. Dated Brent hit an all-time high of more than $144 a barrel – about $35 above the price of Brent futures.The principal benchmark for spot prices is Dated Brent, a basket of four grades of oil produced in the North Sea and one produced in the US. It reflects the per-barrel price of oil scheduled for shipment in the next 10 to 30 days. On the other hand, Brent futures are financial derivatives that reflect the price of oil due to be loaded months or even years from now.The futures price is the price most commonly found in news reports and search engine results. However, the gap between spot and futures prices has widened well beyond what is typical since the conflict began, indicating that oil supplies are becoming increasingly scarce on the ground.Analysts say traders have been betting on a resolution to the crisis down the track, with the return of price stability depending on Iran easing its control over the strait and shipping companies gaining confidence that it is safe to transit. The global economy is still facing a daily shortfall of about 8 million barrels of oil, according to a recent estimate by market intelligence provider Kpler.

The United States military confirmed that, beginning at 10 a.m. Eastern Time (14:00 GMT) on April 13, all maritime traffic entering or leaving Iranian ports will be blocked. The directive, issued by U.S. Central Command (CENTCOM), targets vessels of every nation operating in the Gulf and the Gulf of Oman, but explicitly excludes ships merely transiting the Strait of Hormuz to non‑Iranian ports, marking a narrower scope than former President Donald Trump’s broader strait‑wide threat. This decisive action follows the abrupt end of marathon peace talks in Islamabad, where negotiators failed to secure a memorandum of understanding with Tehran. The stalemate has revived fears of renewed hostilities, prompting the U.S. to leverage maritime pressure as a bargaining chip. Financial markets reacted sharply: U.S. crude oil prices surged 8 % to $104.24 per barrel, while the benchmark Brent crude rose 7 % to $102.29. The spikes reflect investor anxiety over potential disruptions to the flow of oil and liquefied natural gas that currently passes through the Strait of Hormuz, a chokepoint responsible for roughly one‑fifth of global energy shipments. Since the February 28 launch of a joint U.S.–Israel operation against Iran, the strait’s traffic has dwindled to a trickle. Iran continues to navigate its own vessels and has allowed limited passage for foreign ships, while discussing a post‑conflict toll system for the waterway. In response to the blockade threat, Iran’s Islamic Revolutionary Guard Corps warned that any U.S. warship attempting to enforce the measure would breach the existing U.S.–Iran ceasefire—set to expire on April 22—and would be "dealt with severely." Iranian Foreign Minister Abbas Araghchi blamed the United States for the diplomatic failure, accusing U.S. negotiators of "shifting the goalposts" when a deal was "just inches away." Academic commentary echoed regional concerns. Zohreh Kharazmi, an associate professor at the University of Tehran, asserted that the United States "is not in a position to dictate" Iranian maritime movements and warned that a prolonged standoff would quickly reveal which side—"the resilience of the Islamic Republic or the resilience of global markets"—would suffer first. While the blockade targets Iranian ports, CENTCOM emphasized that it will not impede freedom of navigation for vessels merely passing through the Strait of Hormuz, a subtle but significant concession aimed at avoiding a full‑scale maritime confrontation.

U.S. President Donald Trump launched a scathing attack on Pope Leo XIV on Sunday night, branding the pontiff “weak on crime” and “terrible for foreign policy.” The criticism was posted on Trump’s Truth Social account, where he asserted he does not want a Pope who “criticises the President of the United States.” The outburst appears to be a direct response to recent statements by Pope Leo that condemned the United States’ involvement in the Israel‑Iran conflict. Last week, the Pope issued a rare rebuke of Trump’s threat to eradicate Iranian civilisation, calling the threat “truly unacceptable.” On Sunday, he further urged world leaders to halt ongoing bloodshed, describing the war‑driving mindset as a “delusion of omnipotence.” Trump’s post also referenced the Pope’s earlier questioning of the administration’s hard‑line immigration stance, noting the pontiff’s remark that such policies might not be “pro‑life.” In his response, Trump demanded that Leo “use common sense,” stop “catering to the radical left,” and focus on being a “great Pope, not a politician.” Adding a personal jab, Trump claimed credit for the Vatican’s selection of the first U.S.-born Pope, suggesting the election was intended to curry favour with the White House. “If I wasn’t in the White House, Leo wouldn’t be in the Vatican,” he wrote, before reiterating that he is “not a big fan” of the pontiff, accusing him of “liking crime” and labeling him “very liberal.” The tension echoes past friction between Trump and the Vatican, notably with Pope Francis, who had previously criticized the president’s immigration proposals and questioned his Christian credentials. Despite the diplomatic spat, Pope Leo is scheduled to commence an 11‑day African tour on Monday, beginning with a historic visit to Muslim‑majority Algeria.

On the closing night of Coachella’s opening weekend, Karol G broke new ground as the festival’s first Latina headliner. Introducing herself in English, the Colombian artist announced, “I am Carolina Giraldo from Medellín, Colombia, and today I am the first Latina woman to headline Coachella,” to a roar of cheers from a crowd waving flags from Mexico, Puerto Rico, Venezuela, Colombia and beyond.The moment echoed Beyoncé’s 2018 ‘Beychella’ debut, reminding fans that representation on this stage can reshape cultural narratives. Karol G’s 90‑minute performance combined dazzling costume changes, high‑energy choreography and a stage that seemed to rise two stories above the desert floor, creating a spectacle that felt both meticulously crafted and effortlessly vibrant.From the opening number “Latina Foreva,” where she strutted in a glittering gold bikini, to the cave‑like rave set that highlighted the “primordial wildness of women,” the show never lost its momentum. Even a half‑hour delay for lighting adjustments was quickly forgiven as the music surged forward, blending hard‑hitting tracks from her 2025 album Tropicoqueta with hits from 2023’s Mañana Será Bonito.Musically, the set was a tour of Latin genres. After a brief interlude, Karol G returned wearing a Carnival‑style feathered headdress for the mambo‑infused “Tropicoqueta.” She then invited an all‑female Mexican mariachi band for “Ese Hombre Es Malo,” followed by a duet with Becky G that mixed Spanish‑language celebration of Mexico and Colombia with a pointed nod to the United States’ immigration debate.Speaking amid the roar of the crowd, the 35‑year‑old artist said, “This is not just about me, this is about the Latina community, the love of my people,” acknowledging the delicate balance of celebrating Latin pride while the U.S. government tightens immigration policies. Her remarks highlighted the symbolic weight of performing such a vibrant, unapologetic Latin set on a stage that reaches millions worldwide.The finale reinforced the message of unity. After a soulful cover of Gloria Estefan’s “Mi Tierra,” Karol G launched into an EDM‑styled version of “Provenza,” complete with rainbow lasers, strobe lights, fireworks and a cascade of confetti. Three false‑ending beat drops and a megawatt smile underscored her point: the victory belongs to the entire Latin community, not just the performer.

At 19,000 miles above the lunar surface, the Artemis II astronauts heard the voice of Apollo‑13 commander Jim Lovell greeting them from beyond the grave, a message recorded shortly before his death at 97. Mission control transmitted the tribute on the morning of 6 April, when astronaut Reid Wiseman held a silk square bearing the original Apollo 8 patch—handed to him by Lovell’s son—before the crew’s launch. Launch director Charlie Blackwell‑Thompson secured a unanimous "go" from every console, a moment the author describes as a snapshot of humanity’s capacity to honor the past while reaching for the future. The ceremony stood in stark contrast to the Pentagon’s agenda. Two decades after a 2006 Iraqi kill‑board note reading “Let the bodies hit the floor,” the current defense chief pledged “death and destruction from the sky all day long” against Iran, a stance legal scholars warn could constitute a war crime. That rhetoric accompanies a proposed $1.5 trillion defense budget, including an additional $200 billion earmarked for operations against Iran—figures that dwarf NASA’s entire annual budget of $24.4 billion. Amid this fiscal disparity, crew members reflected on their place in history. Victor Glover, the first Black astronaut to travel deep space, described the view of Earth as an "oasis" in the void, while Christina Koch, the first woman to orbit the Moon, pressed her face to the window and formed a heart with her hands, calling the mission’s spirit "humility." Reid Wiseman watched the planet rotate beneath him, noting the sight of Africa, Europe, and the aurora‑lit north, saying it "paused all four of us in our tracks." Canadian astronaut Jeremy Hansen broke Jim Lovell’s 56‑year distance record and asked mission control to name a lunar feature after his late wife, Carroll. The crew agreed, designating a bright spot on the Moon as "Carroll," a tribute that will endure beyond any single lifetime. When Koch announced the spacecraft’s descent, she radioed, "We are now falling to the moon rather than rising away from Earth," a poetic reversal that underscored the mission’s symbolic return. The article recalls the author’s 2022 reflection on the James Webb Space Telescope, noting how humanity’s finest inventions now aim outward, seeking answers to our origins rather than turning inward toward conflict. Artemis II’s vessel, named Integrity, carried four breathing humans who, in a moment of collective grief, pressed their faces to the glass and imagined the faces of every loved one ever lived, captured in a single frame. Beyond the spacecraft, cultural threads wove through the mission: Hansen’s patch displayed the Seven Sacred Teachings of the Anishinaabe people, and the Chinese myth of Chang’e reminded viewers of the Moon’s timeless allure. As Carl Sagan famously wrote, "We are made of star‑stuff," the Artemis crew embodied that sentiment—not as passive observers, but as active participants in a fragile, hopeful narrative that rises above the relentless tally of bodies on Earth’s battlefields.

Dr. James Noyes, a prominent advocate for gambling reform, has urged the UK government to pause the implementation of affordability checks for online gamblers. Noyes, who initially proposed the idea of affordability checks in 2020, expressed concerns that the current pilot scheme has raised serious questions that need to be addressed before proceeding.Noyes' call for a pause echoes similar concerns raised by senior figures in the horse racing industry, which fears that the checks could disproportionately affect racing bettors and cost the industry tens of millions of pounds in revenue.The Gambling Commission launched a pilot study on financial risk assessments in September 2024 to assess a two-tier system of checks. However, Noyes and others have raised concerns over the lack of transparency and inconsistent data in the pilot scheme.Noyes emphasized that while affordability checks were initially proposed as a worthy idea, their implementation must be carefully considered to avoid impeding the majority of gamblers from engaging in a lawful activity. He also highlighted the need for a gambling ombudsman to ensure proper treatment of consumer redress and rights.A spokesperson for the Gambling Commission stated that the regulator is working on financial risk assessments with a focus on removing friction for consumers. The Commission has yet to publish a final report on the pilot and has not issued an update on its progress since the spring of 2025.

Tucker Carlson, the former Fox News host, is set to launch his own publishing imprint, Tucker Carlson Books, in partnership with US-based publisher Skyhorse. The imprint aims to provide a platform for books that might otherwise be censored or shut down.Among the initial titles to be published are Russell Brand's How to Become a Christian in Seven Days, described as a "testimony and guide to a timeless, yet zeitgeist-capturing, grounded, yet psychedelic encounter with Christ." Brand is currently facing charges of rape, sexual assault, and indecent assault in the UK, to which he has pleaded not guilty.Another title set to be published is Milo Yiannopoulos's Ex Gay. Yiannopoulos, a controversial "alt-right" commentator, has previously been shunned by publishers due to his contentious views. His 2017 memoir, Dangerous, was canceled by Simon & Schuster after footage surfaced in which he made comments that appeared to condone sex between adult men and underage boys.Carlson, a former Trump supporter and promoter of right-wing conspiracy theories, was reportedly fired from Fox News in 2023. He soon launched his own media company, Tucker Carlson Network, and the imprint is being launched in partnership with this network.Skyhorse publisher Tony Lyons stated that the imprint will give "a platform to things that would, in many cases, be shut down, be censored, and be covered over by propaganda." Carlson emphasized that Lyons is "just looking for books that nobody else will publish."Skyhorse, which was launched in 2006, claims to be one of the fastest-growing independent book publishers in the US. Its previous publications include Woody Allen's memoir Apropos of Nothing and US Secretary of Health and anti-vaccine activist Robert F Kennedy Jr's The Real Anthony Fauci.

Monarch Collective believes that a number of Women’s Super League (WSL) clubs remain “afterthoughts” for their owners, receiving only marginal capital and expertise. Co‑founder Kara Nortman highlighted this concern during a recent interview.Last month, Monarch became the first women’s multi‑sport group by acquiring a minority stake in the Cleveland WNBA franchise, joining an ownership portfolio that already includes NWSL sides San Diego Wave and Boston Legacy, as well as German club Viktoria Berlin.Since establishing Monarch in 2023—four years after launching Angel City FC with Natalie Portman and Julie Uhrman—Nortman has held informal talks with roughly a dozen English clubs, though no deal has yet materialised. She declined to comment on ongoing negotiations with West Ham United’s women’s side, noting that finding the right English partner has proven “challenging”.Recent years have seen a wave of international interest in WSL clubs, yet many prospective investors perceive the women’s teams as a compliance tool for profitability and sustainability mandates rather than a growth engine. In the past twelve months, clubs such as Chelsea, Aston Villa and Everton have sold stakes in their women’s sides to related‑party entities, while US‑based Bay Collective recently secured majority ownership of Sunderland Women in the WSL2.Monarch’s latest $250 million funding round equips it with the capital to act when a suitable opportunity arises. Nortman explained, “If owners truly believe in their women’s team, they should invite us to ‘supercharge’ it with our cross‑sport expertise. If they only want a token boost, that’s a different story.”Beyond capital, Monarch offers advisory services. Nortman recounted a humorous encounter with fans at Crystal Palace, where a supporter asked if she was a “Wag”, prompting a light‑hearted response that underscored the firm’s community‑focused ethos.Reflecting on Angel City’s trajectory, Nortman noted that Monarch initially invested about $1 million to help the club join the NWSL in 2020. Four years later, Angel City was sold to Disney CEO Bob Iger and his wife for a reported $250 million, making it the world’s most valuable women’s franchise.Looking ahead, Monarch is broadening its scope beyond football and basketball, exploring opportunities in cricket and rugby union. The firm recently opened a London office, led by former Manchester City executive Katharine Curran, to deepen its engagement with the UK sports market.

On a recent weekday evening, a special bus tour whisked art lovers through over twelve galleries and museums that stayed open until midnight, offering a late‑night glimpse of the Abidjan Art Week programme.The after‑hours event, dubbed the Night of the Galleries, was first trialled in January 2024 alongside the Africa Cup of Nations – a tournament that Côte d’Ivoire both hosted and won – and has become a staple of the festival’s third edition, which ran from Tuesday to Sunday.Since its inception, the week has broadened its footprint, moving beyond the city centre to include venues such as the La Rotonde des Arts contemporary‑arts hub in the Plateau district and the Adama Toungara Museum of Contemporary Cultures (MuCAT) in the working‑class neighbourhood of Abobo.Local collectors are emerging in force. MuCAT has hosted the Africa Foto Fair each year since 2022, and the Marché des Arts du Spectacle d’Abidjan – the city’s answer to the Dakar Biennale – is set to launch its 14th edition later this month.A graffiti festival launched two years ago has transformed the perception of street art, with vibrant murals now adorning the façade of the La Pyramide building and several upscale hotels in Plateau.Organisers stress that the festival’s growth should be independent of external validation. This year’s roster featured artists from Cameroon, the Democratic Republic of the Congo and Mali, and the number of participating galleries more than doubled compared with previous editions.Founder Yacouba Konaté, who also directs La Rotonde des Arts, highlighted the festival’s commitment to accessibility, arguing that art should not be seen as an elite pastime.The opening tribute honoured Simone Guirandou‑N’Diaye, a pioneering Ivorian art historian whose legacy lives on through Galerie LouiSimone Guirandou, now run with her daughter Gazelle.Among the week’s highlights, MuCAT presented Murmures d’Archives, a quieter, archival‑focused exhibition that concluded with an artists’ workshop and a DJ set.In the upscale Cocody district, New York‑based artist Ouattara Watts staged a solo show at Galerie Cécile Fakhoury, drawing the Ivorian diaspora into dialogue with the local scene. Watts explained that his work aims to transcend borders, describing it as “a vision that goes beyond any map – it is the cosmos that I paint.”