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Oil prices jumped back above $100 a barrel and global stocks fell after weekend talks between the US and Iran ended without an agreement and Donald Trump imposed a blockade of the Strait of Hormuz. The US president announced the blockade on Sunday, targeting Iranian vessels and ships that have paid a toll to Iran for passage through the strait, in an attempt to choke off the flow of Iranian oil.US Central Command said it would start at 10am ET (5.30pm in Iran and 3pm in the UK), blocking all Iranian Gulf ports and coastal areas, in effect seizing control of maritime traffic in the Strait of Hormuz. The news drove oil and gas prices sharply higher again, after the two-week ceasefire between the US and Iran announced on Wednesday prompted a sharp fall in energy prices, and crude ended the week below the psychological $100 a barrel threshold.Brent crude rose by nearly 7% to $101.74 a barrel on Monday morning, while US crude is up more than 8% to $104.69 a barrel. Gas prices also increased, with the British wholesale gas contract for May soaring by 11.7% to 122.5p a therm. Analysts at JPMorgan Chase said last week they expected oil prices to stay high in the second quarter, above $100 a barrel, before easing in the second half of the year.Most Asian stock markets fell on Monday, with Japan’s Nikkei down 0.7% and Hong Kong’s Hang Seng index losing 1%, while Chinese stocks rose slightly. Sentiment was helped by Beijing’s announcement of a 10-initiative strategy aimed at deepening ties with Taiwan. European stocks also fell, led by airlines including Lufthansa, Wizz Air, easyJet and British Airways parent IAG. The FTSE 100 index in London lost 0.4%, dropping 45 points to 10,555. Germany’s Dax fell 1%, Italy’s FTSE MiB slipped 0.7% and Spain’s Ibex was down 1.1%. With oil and gas prices rising sharply higher, energy companies such as BP and Shell are rallying.Priyanka Sachdeva, senior market analyst at the broker Phillip Nova, said: “In today’s environment, every barrel of risk added to oil markets carries an inflation price tag for the global economy.” She added: “The market reaction underscores a simple but powerful reality: Hormuz risk is not theoretical; it is structural, and it is real.”Interest rate expectations have shifted again; investors now see an 84% chance of two rate increases from the Bank of England this year to tackle rising inflation, up from 60% on Friday. Before the Iran war, the central bank was expected to cut rates. The price of gold fell 0.4% to $4,730.75 an ounce as the blockade fuelled inflation concerns, prompting traders to scale back expectations for Federal Reserve rate cuts this year.

Australian sprint prodigy Gout Gout stunned the athletics community on Sunday at the national championships in Sydney, clocking a legal 19.67 seconds over 200 m. The performance not only smashed his own previous national record of 20.02 seconds but also made him the first Australian to dip below the coveted 20‑second barrier. Gout’s coach and mentor, Di Sheppard, summed up the achievement with a wry grin: “How long’s a piece of string?” – a nod to the seemingly limitless potential the teenager now displays. The run placed Gout ahead of his compatriot Aidan Murphy, who finished a close second, and sparked immediate comparisons with Jamaican legend Usain Bolt. While Bolt’s all‑time best stands at 19.19 seconds (set in 2009), Gout’s 19.67 at the age of 18 already eclipses the Jamaican great’s performance at the same age, according to his camp. Only one other under‑20 athlete has ever posted a faster time – Erriyon Knighton – whose 2022 effort remains unratified after a subsequent ban. James Templeton, the 18‑year‑old’s manager, said the result was “thrilling but not shocking”, recalling that Gout ran 19.84 seconds the previous year with a marginal wind assistance, a time the team always considered his realistic benchmark. Gout himself has been fixated on breaking the sub‑20 mark ever since an illegal run earlier in his career. “I wrote down 19.75 and kept telling myself I’d hit it,” he explained. “Then I hit 19.67 – gotta love it.” Despite the historic run, the teenager shows no intention of slowing down. “I’ve just turned 18, so I definitely think I can go faster,” he said. “It’s about building consistency and there’s no pressure – I’m the only one out there.” Looking ahead, Gout will compete in the under‑20 junior championships this week, opting to skip the 200 m in Queensland and focus on the 100 m. He will then travel overseas for a high‑profile showdown with Olympic champion Noah Lyles over 150 m at the Golden Spike meet in Ostrava, scheduled for June. Should Gout continue his upward trajectory, the athletics world may soon witness a new challenger to Bolt’s long‑standing age‑group record, reshaping expectations for the next generation of sprint talent.

In the quiet town of Iseyin, about 200 km north‑west of Lagos, shaded courtyards and narrow lanes have become the beating heart of Nigeria’s iconic aso‑oke textile industry. Under makeshift sheds, weavers operate wooden looms that have remained largely unchanged for generations. Recent years have seen a surge in demand for the thick, multicoloured fabric, driven by the Nigerian diaspora and an expanding international appetite for African fashion. Yet the craftsmen and women of Iseyin staunchly oppose the introduction of machines, arguing that the hand‑woven process is essential to the cloth’s distinctive texture and cultural value. The craft now serves as an economic lifeline. Young Nigerians—including university graduates—are flocking to Iseyin to learn the trade, attracted by the promise of a steady income. One such convert, Waliu Fransisco, abandoned a career as a Lagos nightclub singer a decade ago to master the loom. At 34, he says, “I now earn a decent living from weaving aso‑oke and I’m satisfied.” Aso‑oke, literally meaning “cloth from the up‑country,” has become a staple in Nigeria’s fashion scene, appearing in ceremonial attire, contemporary streetwear, and even high‑profile outfits such as the wrapper and shawl worn by Meghan Markle during her 2024 visit to Nigeria with Prince Harry. Traditionally, the fabric was produced from locally sourced cotton or silk, with threads hand‑spun, dyed, and woven in limited colour palettes. Today, most weavers use loom‑ready yarns imported primarily from China, allowing for a broader spectrum of hues while preserving the labor‑intensive hand‑weaving technique. Each loom requires meticulous arrangement of narrow, tightly patterned strips that are later sewn together to form the wider cloth used for garments and accessories. “This is what Iseyin is known for,” says 35‑year‑old weaver Kareem Adeola, echoing the sentiment of a community that views the craft as a direct inheritance from its forebears. As global fashion houses and consumers continue to seek authentic African textiles, the artisans of Iseyin stand at the crossroads of tradition and market opportunity, proving that cultural heritage can thrive alongside modern demand.

International activists are preparing to set sail from northeastern Spain to the Gaza Strip in a massive 70-boat flotilla, aiming to break Israel's devastating naval blockade and deliver much-needed humanitarian aid.The initiative, dubbed the 'Global Resilience Flotilla,' boasts a significant increase in participation, with about 1,000 volunteers from 70 countries taking part in the effort. The vessels, departing from the port of Barcelona, are loaded with food, medicine, school bags, and stationery for Palestinian children.Organisers say the mission is being carried out in coordination with Palestinian civil society organisations, maritime security experts, and prominent international NGOs, including Greenpeace and Open Arms—a charity known for its Mediterranean rescue operations. The flotilla has also received increased backing from the Barcelona municipality.Pablo Castilla, a spokesperson for the flotilla, told reporters in Barcelona that the primary goal is to 'condemn international complicity in the genocide committed by Israel in Gaza, demand accountability, and open a humanitarian corridor by sea and land'.Castilla noted a declining international focus on Gaza due to the ongoing United States-Israel war on Iran and Israeli attacks on Lebanon. He warned that Israel is exploiting this geopolitical shift to tighten its siege, restrict aid, expand settlements, and accelerate the occupation of Palestinian territory.The Gaza Strip, under an Israeli blockade since 2007, has faced an unprecedented humanitarian and health crisis since Israel's genocidal war against Palestinians in Gaza, which began in October 2023 and has killed more than 72,000 Palestinians.The prolonged assault has also devastated infrastructure, including hospitals, and left approximately 1.5 million of the enclave's 2.4 million residents displaced and homeless, amid severe restrictions on fuel and medical supplies.Since 2010, all flotillas attempting to break the Gaza blockade have been intercepted or attacked by Israel in international waters.

The Pivot from Vision Pro to Everyday WearablesApple is reportedly preparing to enter the smart glasses market with a product launch targeted for 2027, signaling a significant strategic shift away from its ambitious mixed reality ambitions.Four Distinct Design PrototypesRectangular Frames: Ranging from large to slim, potentially mimicking the style of CEO Tim Cook.Oval/Circular Frames: Available in both larger and smaller sizes.Color Options: Black, ocean blue, and light brown.A Strategic Retreat from High-End ARThis move represents a retreat from the complex Vision Pro ecosystem, which faced delays and lukewarm reception. Instead, Apple is betting on a simpler form factor similar to Meta’s Ray-Ban glasses.The 2027 Roadmap: Simplicity Over ImmersionThe upcoming device will lack displays, focusing instead on camera lenses for photos, videos, calls, and music. It will also integrate with the long-promised Siri upgrade, aiming to capture the mainstream market rather than the niche enthusiast base.

A devastating air strike by the Nigerian military on a village market in northeastern Nigeria has killed dozens and injured hundreds, sparking widespread outrage and condemnation. The strike, which occurred on Sunday, was aimed at members of the rebel group Boko Haram.According to Amnesty International, over 100 people were killed and 35 others wounded in the attack on the Jilli village market in Yobe state. A local chief, Lawan Zanna Nur Geidam, reported that the total casualties, including dead and injured, were around 200.The Nigerian Air Force claimed to have killed Boko Haram fighters in an air strike on the Jilli axis in Borno state, but did not mention hitting a market. The government of Yobe state later confirmed that an air strike near a market had been conducted, affecting people attending the weekly market.Amnesty International condemned the strike, stating that launching air raids is not a legitimate law enforcement method and that the Nigerian military's actions demonstrate a shocking disregard for human life. The organization called on Nigerian authorities to immediately investigate the incident and hold suspected perpetrators accountable.The Yobe State Emergency Management Agency (SEMA) activated the emergency response, and many of the injured were taken to hospitals in nearby Geidam and Maiduguri. A worker at the Geidam General Hospital reported that at least 23 people injured in the incident were receiving treatment.

Ukraine and Russia have exchanged accusations of violating the Orthodox Easter ceasefire, as the conflict between the two nations continues to escalate. The truce, which was agreed upon for 32 hours, was intended to provide a temporary reprieve from hostilities during the religious holiday.According to the Ukrainian military's general staff, 2,299 ceasefire violations were recorded, including 28 enemy assault actions, 479 enemy shellings, and 747 strikes by attack drones. In response, Russia's Ministry of Defence accused Kyiv of nearly 2,000 breaches, including 258 artillery or tank attacks and 1,329 FPV drone strikes.The ceasefire violations have raised concerns about the prospects of a lasting peace agreement. The Kremlin has stated that it will not extend the truce unless Kyiv accepts its terms, which include control of 17-18 percent of Ukraine's disputed Donetsk region. Ukraine has proposed freezing the conflict along the current front lines, but Russia has rejected this, seeking control of the entire Donetsk region.Despite the challenges, the truce did bring some relative calm to the region, with the Ukrainian army reporting no long-range Shahed drone attacks, guided aerial bombings, or missile strikes during the ceasefire period. However, the conflict has continued to take a toll on civilians, with Governor Alexander Khinshtein of Russia's Kursk region accusing Kyiv of breaking the ceasefire by attacking a petrol station, injuring three people, including a baby.

The recent ceasefire talks between the United States and Iran have ended without a breakthrough, with Iran's chief negotiator, Mohammad Bagher Ghalibaf, blaming the US for the failure of the talks held in Islamabad, Pakistan. The talks, which were the first direct engagement between the two countries at this level since the 1979 Iranian Revolution, exposed deep divisions on core issues.The US framed the lack of a breakthrough primarily around Iran's alleged refusal to meet its core demand: a firm commitment not to develop nuclear weapons. US Vice President JD Vance said Washington had made its 'red lines' clear and presented what he described as a 'final and best offer'. However, Iran downplayed expectations and blamed the US for making unreasonable demands.The main sticking points between Tehran and Washington are:Iran's nuclear programme: The US wants a clear and enforceable commitment that Iran will not develop nuclear weapons – or even the capability to do so quickly. Iran has consistently rejected accusations that it seeks to build nuclear weapons but said it is willing to negotiate limits on its nuclear activities if sanctions are removed.Strait of Hormuz: Who gets to control this strategic waterway, through which almost all of the oil and natural gas exports from the Gulf nations pass, has become a major flashpoint. Iran has floated the idea of charging transit fees to allow ships to pass through the strait, while the US is adamant the strait is reopened free of any tolls.The near shutdown of shipping through the strait has sent global energy prices soaring with many countries, especially in Asia, forced to implement unprecedented austerity measures to soften the impact of fuel shortages. Experts said the near-closure of the strait has caused the worst economic shock since the 1973 oil embargo.

U.S. Vice President JD Vance, heading the American delegation in the Islamabad talks, announced that the United States has yet to receive a concrete commitment from Tehran on its nuclear program and that Washington has put forward its best and final offer to Iran.Iranian media reports that the historic negotiations in Pakistan’s capital will resume for a second day. Observers note that the Strait of Hormuz remains a critical sticking point, underscoring the broader strategic stakes for regional security and global energy flows.