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The recent ceasefire between the United States, Israel, and Iran has brought a fragile calm to the region, but experts warn that energy prices may take months to normalize. The conflict had a significant impact on global oil and gas supplies, particularly through the Strait of Hormuz, a critical waterway through which 20% of the world's oil and gas exports pass.Iran's response to US-Israeli attacks included choking off the Strait of Hormuz and attacking energy infrastructure in several Gulf countries. This led to soaring prices for energy and byproducts like helium, as well as fertilizers that rely on these inputs, affecting sowing seasons and consumers worldwide, especially in developing countries.Experts stress that a predictable and stable flow of cargo through the strait is needed before markets can stabilize. Currently, only a trickle of vessels are passing through, with five vessels crossing on Wednesday and seven on Thursday, down from 120-140 ships per day before the conflict.Rockford Weitz, a professor at The Fletcher School at Tufts University, described the situation as 'the biggest disruption in the history of global oil markets.' He emphasized that normalization will take time and requires collaboration among global powers and regional players.Additionally, concerns remain about Iran charging toll fees and skyrocketing insurance fees, which could keep oil prices high. However, experts agree that these fees are not the primary cost drivers.The International Monetary Fund (IMF) has warned of a looming inflation crisis and plans to downgrade its forecast for the world economy. Kristalina Georgieva, IMF managing director, stated that growth will be slower, even if the new peace is durable.For now, oil prices are expected to remain higher than pre-war levels due to the overhang of greater risk premium of supplies out of the Gulf. The situation remains uncertain, with experts closely watching for any side deals, such as a potential agreement between Iraq and Iran, which could impact oil production and prices.

JD Vance, the United States vice‑president, issued a stark warning to Tehran as he boarded Air Force Two for Pakistan: Iran must not attempt to "play" the United States at the peace talks scheduled for Saturday in Islamabad. The talks, mediated by Pakistan, could determine whether the fragile ceasefire in the region holds or if hostilities resume, with significant repercussions for the global economy, especially oil markets. Iranian parliamentary speaker Mohammad Bagher Ghalibaf and foreign minister Abbas Araghchi have conditioned their participation on two unmet measures: a full ceasefire in Lebanon and the release of Iran’s blocked assets. Ghalibaf posted on X that "Two of the measures mutually agreed upon between the parties have yet to be implemented." Uncertainty lingered on Friday night about whether the Iranian delegation would even travel to Islamabad. Earlier reports indicated that Israel had removed the Iranian officials from its bombing target list at Washington’s request. Meanwhile, Donald Trump amplified the tension, telling the New York Post that U.S. forces were "loading up the ships with the best ammunition" and would use them if negotiations failed. He later posted that Iran "has no cards" except short‑term extortion of international waterways. The backdrop to the talks is a worsening Lebanon‑Israel confrontation. More than 300 Lebanese civilians have been killed since the ceasefire began, and 13 Lebanese security personnel died in an Israeli strike on a government building in Nabatieh. Trump and Israeli Prime Minister Benjamin Netanyahu dispute whether the April 7 ceasefire between the U.S. and Iran includes Lebanon, and Israel continues bombing Hezbollah‑linked targets despite Netanyahu’s earlier statements about opening negotiations with the Lebanese government. Oil markets have felt the shock. The February 28 U.S.–Israeli strike on Iran and Tehran’s subsequent closure of the Strait of Hormuz—shutting off roughly one‑fifth of the world’s oil and liquefied natural gas—triggered a sharp price spike, adding political pressure ahead of the November U.S. congressional elections. Vance, however, expressed optimism as he departed for Islamabad: "We’re looking forward to the negotiation. I think it’s going to be positive. If the Iranians are willing to negotiate in good faith, we’re certainly willing to extend the open hand." He added, "If they’re going to try and play us, then they’ll find the negotiating team is not that receptive." The U.S. delegation also includes senior adviser Steve Witkoff and former senior adviser Jared Kushner, both of whom participated in earlier talks on Iran’s nuclear and missile programmes before the February attack. Negotiations are expected to focus on reopening the Strait of Hormuz, the future of Iran’s nuclear program, potential sanctions relief, reparations for war damage, and the release of Americans detained in Iran, according to the Washington Post. Advance teams from the United States and Iran have already taken up rooms at Islamabad’s five‑star Serena hotel, with Pakistani officials acting as intermediaries. Security forces have established a two‑mile perimeter around the hotel, declared a public holiday, and locked down the city centre to ensure a safe environment for the high‑stakes mediation. Hezbollah, while not commenting directly on the Lebanese‑Israeli negotiations, issued a statement urging the Lebanese government to stop "making gratuitous concessions" and vowed to continue fighting to "expel the occupier." The Lebanese army has reinforced its presence in Beirut following an Israeli strike that killed at least 303 people. Fighting persists in southern Lebanon, with Hezbollah claiming to have struck Israeli soldiers near Bint Jbeil—a town symbolic of resistance from the 2006 war—and launching rockets into Israel throughout Friday. Israel’s airstrikes across Lebanon have intensified, culminating in the Nabatieh attack that killed the highest number of Lebanese security forces to date.

Crispin Odey, the former hedge fund manager, has dropped his £79m libel claim against the Financial Times over its reporting of sexual misconduct allegations against him, his lawyers have said.In 2023, the FT published several articles from 20 women alleging sexual assault and harassment against Odey, covering a period of five decades. He has previously denied the allegations against him.On Friday, lawyers for the former hedge fund tycoon, 67, said he had been “forced to accept” that the newspaper was “likely to succeed in establishing” its public interest defence.Odey’s decision to drop his claim follows a three-week hearing in which he challenged a decision by the Financial Conduct Authority, the City regulator, to ban him from the financial services industry.The FT’s editor, Roula Khalaf, said: “This is a vindication for investigative journalism and for the victims whose stories of abuse we reported. The FT was always confident in its reporting. This is a case that should have never been brought.”In March 2025, Odey was provisionally banned from working in financial services and fined £1.8m by the UK regulator for a “lack of integrity”. The FCA said at the time that Odey had attempted to “frustrate” a disciplinary process into sexual harassment allegations against him, and his conduct proved he was “not a fit and proper person to perform any function”.

Bath Rugby has secured a spot in the Champions Cup semi-finals for the first time in 20 years with a stunning comeback against Northampton Saints. The match was an 11-try epic, with Bath ultimately prevailing thanks to a 76th-minute try by replacement forward Ted Hill.The game was a thrilling contest from start to finish, with Northampton Saints dominating early on. They scored five tries in the first half-hour, including scores from Henry Pollock, Archie McParland, Fraser Dingwall, Tom Lockett, and Josh Kemeny. However, Bath refused to give up, and their renowned forward strength eventually tipped the scales in their favor.Alfie Barbeary and Thomas du Toit were among the key figures for Bath, who came roaring back to trail by only 38-33 with 20 minutes left. The visitors were temporarily down to 14 players during this period, which Bath capitalized on.The match was a grand advert for the English club game, with both teams showcasing their skills and determination. Bath's coach, Johann van Graan, marveled at his side's dramatic fightback, saying, 'I have been in rugby for a long time and this ranks as one of the best I have been involved in.' Northampton Saints' director of rugby, Phil Dowson, was frustrated with the loss, stating, 'It was obviously a good game of rugby but it’s frustrating to be on the wrong side of it.' The win sets up a semi-final clash for Bath against the winners of the all-French tie between Bordeaux and Toulouse.

Temperatures at the Masters surged into the mid‑80s on Friday, turning Augusta National’s famed fairways into a grueling test of stamina and focus. While many competitors struggled under the sweltering sun, Justin Rose managed to stay within striking distance of leader Rory McIlroy, who had already posted a commanding 12‑stroke advantage after the second round. Rose, alongside Brooks Koepka and Jordan Spieth, fought to keep their games on track. Early on, Rose faltered with a three‑putt at the first hole, dropping a shot, but he quickly steadied his rhythm, playing the next five holes at even par. A moment of frustration saw him toss his club after a missed birdie putt on the fourth, yet he recovered to claim his first birdie of the day at the seventh. Strategic club selection became a focal point on the ninth, where Rose debated between a nine‑iron and an eight‑iron. "I really wanted to hit a nine‑iron, but the wind wasn’t cooperating, and I didn’t want an eight‑iron that would skip past the green," he explained, ultimately committing to the nine‑iron and securing a vital birdie. Strong approach shots followed on the 10th and 11th, both landing within a few feet of the pin, underscoring Rose’s precision despite the heat. A brief setback at the 12th (bogey) was offset by a birdie at the 15th, allowing him to finish the round at five under par, tied for fourth place. Koepka trailed two shots behind Rose in 13th, while Spieth struggled to the point of finishing at one over par. Rose’s performance is notable not only for its resilience but also for its historical context: he has been a runner‑up at Augusta three times and lost two playoffs, fueling a growing chorus of supporters placing sentimental bets on his eventual victory. "I don’t need to try any harder; it’s about execution," Rose said, emphasizing intrinsic motivation over sheer effort. Looking ahead, Rose acknowledges the challenge that lies over the weekend. Last year he attempted to birdie every hole on the back‑nine, a strategy that nearly paid off. This year, he plans to blend patience with opportunistic aggression, hoping to close the gap on McIlroy’s sizable lead.

Midway through the fifth day of the County Championship’s second round, Ollie Pope joined an elite group by becoming the 11th centurion in Division One this season. Five of those centuries belong to Surrey, with Jamie Smith already on two. The pre‑season favourites, despite a drawn opening match, looked formidable at the close of play, sitting at 412 for six.Leicestershire’s situation could not be more contrasting. Fresh from promotion, the side suffered a defeat to Sussex in their opener and, by the second session, appeared short on confidence, ideas and quality. Late‑stage wickets offered a brief spark, but the scoreboard told a different story.A crowd of 4,700 spectators braved a brisk early‑spring day at the Oval. With Surrey’s top six all boasting international caps, the match was inevitably examined for potential England implications. The first surprise came from Leicestershire’s own Josh Hull, who marked the second anniversary of his solitary Test appearance.Now 21, Hull has shed the rawness of his debut against Sri Lanka in September 2024, showing improved pace and reliability. He opened his season with a wicket in his first over, dismissing Dom Sibley lbw, and later produced a short ball that struck Pope’s helmet and an edge from Smith before being pulled after a brief spell.When Hull returned for a fourth spell deep in the final session, Smith repaid the effort with a brutal low‑flying pull for six, pushing his total past 150 runs. The partnership underscored Surrey’s growing dominance as the day progressed.Jamie Smith’s 166 from 240 balls marked his second century in the opening two Championship games, a knock highlighted by a patient start – one run from his first ten balls – before accelerating with a flurry of boundaries.Smith’s innings unfolded with cautious intent: after a modest 28, he unleashed three fours in as many deliveries, eventually reaching 166 before being caught by Ajaz Patel off Ben Green’s 90th over. The innings demonstrated both resilience and flair, cementing his role as a key run‑maker.For Pope, the century arrived after a seven‑month drought without a first‑class fifty and a solitary century against India at Headingley 21 innings earlier. His 24‑run start, achieved on half the balls faced by Smith, quickly turned into a commanding display as he steadied the innings.Both batsmen left the Oval with the confidence of seasoned internationals. A delayed emergence of Dan Lawrence after Pope’s boundary suggested the wicket was never in serious contention. Ben Foakes contributed a steady 62, while Leicestershire, with an average of 226 for the season, will need to conjure more surprises to bridge the gap.

While holiday‑makers flocked to Lancashire’s coast for fresh sea air, residents of the former fishing port of Fleetwood were forced to endure a persistent, noxious odor emanating from the reopened Jameson Road landfill.The stench, identified as hydrogen sulphide – a toxic gas with a characteristic rotten‑egg smell – has been linked to the landfill’s re‑activation by recycling firm Transwaste in late 2023 after a five‑year closure.Local authorities report that the Environment Agency (EA) has received more than 20,000 complaints since the site reopened, including 6,000 complaints in the last six weeks alone. In the two‑year period ending January, the EA recorded 74 compliance breaches at the site, a third of which were classified as “significant”.Health impacts are mounting. Residents describe symptoms ranging from retching and vomiting to nosebleeds, headaches, itchy eyes and aggravated respiratory conditions such as asthma and chronic obstructive pulmonary disease (COPD). One resident, retired teacher Donna Davidson, reports that the smell has penetrated her home at night, describing it as “people are getting gassed in their beds”.Children are also affected; Dave McPartlin, headteacher of nearby Flakefleet Primary School, says pupils are refusing to play outside because the odor “lingers” even on sunny days. A family staying in an autism‑friendly caravan described their child’s severe nausea, calling the experience “hell”.Medical professionals are sounding the alarm. Dr. Barbara Kneale, a GP and occupational‑medicine consultant living a mile from the landfill, says the community feels “treated with contempt” by public agencies and is gathering detailed hydrogen sulphide readings to bolster a campaign for permanent closure.Local political pressure is intensifying. MP Lorraine Beavers used parliamentary privilege to label Transwaste “crooks” evading accountability, pledging to fight until the site is shut down. In response, Transwaste denied the allegations, insisting it complies with all regulations and attributing odour issues to the site’s re‑opening process.Wyre Borough Council, the landfill’s landlord, warned that legal action would only proceed if residents provide detailed diaries and allow council officers to witness the odour inside homes.Community activism has grown, with over 100 locals staging a slow march to the landfill, many using walking frames and face masks. Campaigners, including Davidson and Kneale, are also tracking the origins of waste trucks, which have been traced to locations as far as Dover, Dunfermline and Hull.The EA has pledged further enforcement, stating that “the community should not have to tolerate odours that affect their environment” and that it is pressing the operator to install permanent capping to prevent future emissions.As Fleetwood grapples with what residents call an “abomination”, the dispute highlights broader concerns about landfill management, air‑quality standards and the disproportionate impact on deprived communities with already high rates of respiratory illness.

Congresswoman Yassamin Ansari – an Iranian‑American representative from Arizona – publicly labeled President Donald Trump an “evil human being” who aspires to be an emperor, and urged that he be removed from office in light of the escalating war with Iran. Ansari, whose parents fled the Iranian regime in the 1970s, issued a statement after Trump’s threat to annihilate Iran’s civilization was followed by a tentative two‑week cease‑fire. She expressed relief for the 90 million Iranians who had spent a harrowing day fearing a nuclear catastrophe. In a phone interview, the 34‑year‑old lawmaker described Trump as “mentally unstable, deeply troubled, and solely self‑interested,” adding that his policies have stripped basic services from average Americans while enriching his family. Ansari warned that Trump’s rhetoric – promising an “America first” stance yet launching strikes on seven nations – constitutes a clear danger to both Iran and the United States, and she called for the cabinet or Congress to intervene under the 25th Amendment. She cited a series of controversial foreign‑policy moves, including the alleged illegal kidnapping of Venezuelan leader Nicolás Maduro, threats to seize Greenland, erosion of NATO credibility, and talk of taking over Cuba. In Iran, she argued, the administration has already committed war crimes by targeting schools, bridges and hospitals. Ansari also highlighted the broader humanitarian fallout: destroyed civilian infrastructure, a collapsing economy, soaring food‑security risks, and mass starvation. She relayed a conversation with a young Iranian doctor who described doubled prices and a dire economic outlook, urging the U.S. to cease attacks on civilian targets. Beyond Trump, the congresswoman announced plans to introduce articles of impeachment against Defense Secretary Pete Hegseth, accusing him of repeatedly violating his oath by facilitating war‑crimes. She criticized Vice‑President JD Vance for not mobilising the cabinet to remove Trump, and warned that the current crisis represents a “five‑alarm‑fire moment” unprecedented in modern American history. Ansari’s remarks come amid a shifting Iranian diaspora sentiment. While some Iranian‑American groups initially celebrated the war’s onset, many now view the U.S. and Israeli bombing campaigns as counter‑productive, fearing they bolster the hard‑line regime. Following the death of Supreme Leader Ayatollah Ali Khamenei, the regime’s grip appears tighter, with his son Mojtaba Khamenei assuming leadership. Ansari stressed that the Islamic Revolutionary Guard Corps remains entrenched, and that the regime continues to exploit civilian suffering for propaganda. She concluded by urging Americans to recognise Iran’s rich cultural heritage and to reject the notion that bombing will liberate its people, emphasizing that the United States must avoid actions that only strengthen an authoritarian government.

Javokhir Sindarov reinforced his dominance at the Candidates tournament in Cyprus, securing his sixth victory of the event and climbing to an unbeaten eight points out of ten. This tally places him two points clear of his nearest rival, Dutch No. 1 Anish Giri, who sits on six points after ten rounds. In a decisive game against India’s Praggnanandhaa Rameshbabu, Sindarov capitalized on a critical blunder at move 22, converting a queen‑and‑pawn advantage into a winning material edge while Giri’s opponent struggled to defend the Queen’s Gambit. Giri, meanwhile, bolstered his own campaign by defeating pre‑tournament favourite and US champion Fabiano Caruana in the previous round, delivering a spectacular finish that featured a forced queen sacrifice and a forced checkmate sequence. The upcoming round 13 pits Sindarov against Giri with the black pieces. A victory there would virtually guarantee Sindarov a spot in the 2026 World Championship match against fellow teenager Gukesh Dommaraju, who is only six months younger. Both contenders will be under 21, underscoring a historic youth surge at the pinnacle of chess. Current Candidates standings after ten of the fourteen rounds:Sindarov 8, Giri 6, Caruana 5, Blübaum (Germany), Wei Yi (China) and Hikaru Nakamura (USA) 4.5, Praggnanandhaa 4, Andrey Esipenko 3.5. In the women’s Candidates, the race remains tightly contested. India’s Vaishali Rameshbabu—sister of Praggnanandhaa—has surged to the outright lead with six points, after climbing from a negative score three rounds earlier. The rest of the field includes Zhu Jiner (China) and Anna Muzychuk (Ukraine) on 5.5 points, and a quartet of players tied at five points. Parallel events highlighted the depth of talent emerging worldwide. Germany’s Vincent Keymer clinched the Grenke Freestyle Open title on tie‑break over France’s Maxime Vachier‑Lagrave, earning a spot at the next Freestyle World Championship. World No. 1 Magnus Carlsen finished third with 7/9, also on tie‑break, after a drawn final round against a lower‑rated Indian opponent; his performance was reportedly hampered by excessive heat in the venue. In England, International Master Marcus Harvey achieved his first grandmaster norm at the 4NCL Easter Congress, bringing his rating to 2446—well above the 2400 threshold required for the title. At 29, Harvey joins a small group of English players on the cusp of full GM status, with strong institutional support from the English Chess Federation and government‑backed funding. The Candidates tournament thus not only crowns the next challenger for the world crown but also signals a broader generational shift, with several teenagers already positioned to shape the elite chess landscape for years to come.