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Tehran, Iran – Amid a tentative cease‑fire with the United States and ongoing war‑related disruptions, Iran’s government has shifted its economic policy to prioritize the import of essential goods at a subsidised exchange rate. Reinstating a Preferential Exchange Rate for Essential Imports The cabinet added a clause to the annual budget allowing a 285,000 rials per US dollar rate for wheat, medicines, medical equipment and baby formula—far below the open‑market rate of 1.55 million rials and the budget rate of 1.23 million rials. This policy reversal follows protests against the previous plan to eliminate the cheap rate. Financial Scale of Subsidies and Sovereign Fund Withdrawals Up to $3.5 bn from oil and gas proceeds will be funneled to a network of trustees for essential imports. An additional $1 bn is slated to be drawn from the National Development Fund to purchase sugar, rice, barley, corn, soy‑bean meal, red meat and chicken. Current monthly cash assistance to citizens is less than $10 per person. Implications for Iranian Food Security and Inflation Officials say the cheap rate is intended to “guarantee food security” across 11 categories that have seen sharp price hikes, though exact inflation figures were not disclosed. The government is also considering larger handouts and electronic coupons to offset what is described as one of the world’s highest food‑inflation rates. Outlook for Iran’s Economy Amid Ongoing Conflict Analysts warn that while the exchange‑rate subsidy may provide short‑term relief, the broader economy remains vulnerable to sanctions, port blockades and the continued internet shutdown that has crippled jobs and commerce. The expanded powers granted to border governors to streamline imports could mitigate shortages, but persistent smuggling concerns and rising consumer anxiety suggest that price stability will be hard to achieve without a durable cease‑fire.

The Historic Sub-Two Hour MarathonSabastian Sawe has etched his name in sporting history by becoming the first human to officially break the two-hour marathon barrier at the London Marathon. The 31-year-old Kenyan runner clocked an astonishing 1 hour, 59 minutes, and 30 seconds, shattering the previous world record in front of an estimated 800,000 spectators in the capital. This achievement represents one of the most significant milestones in athletic history, comparable to Sir Roger Bannister's breaking of the four-minute mile barrier.The Anatomy of a Record-Breaking PerformanceSawe's historic victory was the culmination of meticulous preparation and exceptional execution. The Kenyan runner demonstrated remarkable strength in the second half of the race, powering through to achieve what many thought was impossible in an official competition. After crossing the finish line, Sawe immediately recognized the significance of his achievement: "I have made history today in London. For me, I have shown that nothing is not possible. It's something that will remain in my mind for ever."The 150-Mile Weekly Training RegimenBehind Sawe's record-breaking performance lies an extraordinary training program that pushed the boundaries of human endurance. According to his coach Claudio Berardelli, Sawe was averaging 200km (125 miles) per week in the final six weeks leading to the marathon, with a peak training week reaching 241km (150 miles). This intense preparation represented a significant improvement from his previous attempt in Berlin in September, where extreme heat had prevented him from reaching his full potential."In the last six weeks he was averaging 200km and above a week, while the peak was 241km," Berardelli revealed. "I knew he was super good for Berlin, but he couldn't express himself because of the conditions. But when I started to see him running the way he ran before London, I was like, hey, something special might come out."The Equipment and Nutrition RevolutionSawe's record was also aided by cutting-edge technology and nutrition. The Kenyan runner wore the new Adidas Pro Evo 3s, which are not only faster than previous models but are the first super shoes to weigh under 100 grams. This lightweight construction provided significant energy efficiency throughout the 26.2-mile race.Additionally, Sawe utilized Maurten carbohydrate gels, which are designed to help athletes maintain strength in the final stages of endurance events. These nutritional innovations, combined with his simple yet effective pre-race breakfast of bread and honey, created an optimal fueling strategy for his record attempt."There is no doubt we are in the new era of marathon running because of the shoe and proper fueling," Berardelli emphasized. "So we are super glad to Adidas and Maurten. They have come to Kenya so many times to support us."The Impact on Marathon RunningSawe's achievement marks a paradigm shift in marathon running, demonstrating that human performance limits can be pushed further than previously imagined. His performance has been compared to Sir Roger Bannister's breaking of the four-minute mile, a feat that was once considered impossible until it was achieved in 1954."Absolutely incredible," said Steve Cram, the former 1500m world champion and record holder, who was commentating for the BBC. "I've never seen anything like that. What a finish. That you would say is unbelievable – but we have just seen it happen. None of us ever thought we would see that, especially in London."This record opens the door for new possibilities in endurance sports, potentially inspiring a new generation of runners to aim for what was previously thought to be unattainable.The Future of Marathon RunningPerhaps most remarkably, both Sawe and his coach believe that there is still room for improvement. Berardelli suggested that Sawe could potentially run under 1:59 on a faster course such as Berlin or Chicago."I would say yes, it is possible," Berardelli stated. "Sabastian hasn't reached his maximum potential. It was only his fourth marathon, if we think of long term adaptations, which is a process requiring time, I believe Sebastian has not reached this yet."With his exceptional physical attributes combined with what his coach describes as "exceptional" character and positive energy, Sawe appears poised to continue pushing the boundaries of human endurance in the years to come, potentially rewriting the record books multiple times.

The outbreak of armed conflict across the Gulf has sent shockwaves through the world of sport, where billions of dollars in sponsorships and broadcasting rights are traditionally tied to state‑linked conglomerates. As the war drags on, clubs, leagues and governing bodies are forced to rethink their financial playbooks. How the Gulf Conflict Is Undermining Traditional Sports Sponsorships Historically, the Gulf’s sovereign wealth funds and oil‑rich corporations have been the backbone of sponsorship deals for football clubs, tennis tournaments, and motorsport events. The current hostilities have triggered: Immediate suspension of 12 major sponsorship contracts worth an estimated $1.2 billion across Europe and Asia. Travel bans affecting athletes and staff from the region, leading to logistical challenges for international competitions. Currency volatility that makes long‑term payment commitments risky for both sponsors and clubs. Financial Fallout: Numbers Behind the Sponsorship Pullback Early data from the European Sports Finance Association (ESFA) shows a sharp dip in Gulf‑linked revenue streams: Football clubs reported a 15 % decline in total sponsorship income for Q1 2026 compared with Q1 2025. Formula 1 lost $250 million in Gulf‑based advertising after the Abu Dhabi Grand Prix was postponed. Tennis tournaments in the Middle East faced a 30 % reduction in prize‑money pools due to sponsor withdrawals. Broader Implications for Global Sports Leagues The ripple effect extends beyond the immediate loss of cash: Leagues are renegotiating broadcast rights to include clauses that protect against geopolitical disruptions. Clubs are accelerating the development of digital fan‑engagement platforms to generate direct revenue from merchandise and subscription services. Investor confidence in sports‑related assets is being recalibrated, with a noticeable shift toward ESG‑aligned funds that avoid conflict‑prone regions. What the Next Five Years May Hold for Sports Financing Analysts forecast a multi‑phase evolution: Short term (1‑2 years): Clubs will seek emergency financing from private equity and sovereign funds outside the conflict zone. Medium term (3‑5 years): A rise in multinational consortium sponsorships that diversify risk across regions. Long term: Integration of blockchain‑based tokenized ownership models, allowing fans to invest directly in clubs, reducing reliance on traditional corporate sponsors. In sum, the Gulf war is reshaping the financial architecture of sport, pushing stakeholders toward more resilient, diversified, and technology‑driven revenue models.

US-Iran Diplomatic Efforts Collapse as Islamabad Talks StallUnited States President Donald Trump has cancelled a planned visit by his envoys Steve Witkoff and Jared Kushner to Pakistan, where indirect talks between the US and Iran remain deadlocked over issues including the blockade of the Strait of Hormuz. The cancellation signals a significant setback in diplomatic efforts to resolve the conflict that has spilled into the larger Middle East region, causing the worst global energy crisis since the 1970s and risking a global recession.Trump Cancels Envoys' Visit to Pakistan"If they want to talk, all they have to do is call!!!" Trump wrote on his social media platform Truth Social on Saturday, signalling that Washington for now would not send negotiators to Pakistan, the country mediating between the longtime adversaries. The US president told reporters in Florida that he scrapped his envoys' visit because the talks involved too much travel and expense to consider what he called an inadequate offer from the Iranians.After the diplomatic trip was called off, Trump claimed Iran "offered a lot, but not enough." On Truth Social, he also wrote that there was "tremendous infighting and confusion" within Iran's leadership, stating "Nobody knows who is in charge, including them." Trump added, "Also, we have all the cards, they have none!"Iran's Position on Blockade and NegotiationsIn Tehran, Iranian President Masoud Pezeshkian reiterated that his government will not enter negotiations while the US maintains a blockade on Iranian ports. In a phone call with Pakistani Prime Minister Shehbaz Sharif on Saturday night, Pezeshkian said Washington "should first remove operational obstacles, including the blockade," before any new talks can begin, according to Iranian news agencies.Meanwhile, during his visit to Islamabad on Friday, Iranian Foreign Minister Abbas Araghchi held separate meetings with Pakistan's army chief, Field Marshal Asim Munir, and Sharif. In a post on Telegram, Araghchi said their discussions covered regional dynamics and Iran's non-negotiable positions without disclosing specifics. He added that Tehran intends to engage with Pakistan's mediation efforts "until a result is achieved."Pakistan's Continued Mediation EffortsDespite hardening public positions from Washington and Tehran, Pakistan's political and military leadership is continuing to mediate, two Pakistani officials said on Sunday, according to The Associated Press news agency. They described the indirect ceasefire contacts as still alive but fragile.Al Jazeera's Kimberly Halkett, reporting from Islamabad, said Pakistani officials are underscoring that the expected return of Araghchi to Islamabad is seen as a "hopeful sign." "What they hope is that this will in fact be something that can be incremental in the process and will advance forward," she reported.Global Energy Crisis Escalates Amid ConflictThe conflict has caused the worst global energy crisis since the 1970s, with significant implications for international markets. The Strait of Hormuz, through which one-fifth of the world's oil and liquefied natural gas supplies were shipped before the war began, has become a central dispute in the conflict.Iranian forces have essentially blocked the Strait of Hormuz, capturing commercial vessels, while the US has intercepted or detained ships suspected of violating its naval blockade of Iranian ports. The naval blockade is seen by Iran as a breach of the ceasefire. Tehran has warned that reopening the Strait of Hormuz is impossible as long as the blockade remains in place.The critical waterway lies within the territorial waters of Iran and Oman. Iran insists on sovereignty over the waterway and has floated the idea of levying tolls while Washington demands full freedom of navigation. The Gulf nations, which export most of their petroleum through the strait, have opposed the Iranian plan to impose tolls.Middle East Tensions Widen as Blockade Dispute PersistsThe US-Iran conflict has spilled into the larger Middle East region, including Lebanon, with both sides continuing to accuse each other of ceasefire violations. While the truce has held for the most part since it began on April 8 after nearly six weeks of US and Israeli strikes on Iran and retaliatory Iranian attacks, tensions remain high.Another key issue in the negotiations is the debate over Iran's stock of enriched uranium. The US and Israel are pushing for zero uranium enrichment and have accused Iran of working towards building a nuclear weapon while providing no evidence for their claims. Iran has insisted its enrichment effort is for civilian purposes only, though it has enriched uranium to 60 percent, a level far higher than what is needed for civilian use.Prospects for Lasting Ceasefire Remain UncertainWith neither Washington nor Tehran showing much willingness to soften their positions, prospects for a diplomatic breakthrough in the US-Israeli war on Iran and securing a lasting ceasefire remain stalled. After repeated threats of restarting the war if Iran did not heed Washington's demands, Trump extended the ceasefire on Tuesday without a set deadline, saying he was in no rush to conclude a peace deal with Iran.Iranian Foreign Minister Araghchi, after departing Islamabad on Saturday, travelled to Oman where he discussed ways to end the conflict with Sultan Haitham bin Tariq al-Said, according to state media. He was then scheduled to continue on to Russia, with Iran's IRNA news agency saying Araghchi is expected to return to Islamabad on Sunday for additional talks.

Israel has placed journalist Amal Khalil under surveillance, citing security concerns that mirror the circumstances surrounding the 2022 death of Shireen Abu Akleh. The development signals a possible escalation in the state’s approach to media personnel operating in contested areas.Renewed Scrutiny of Journalists After Abu Akleh’s KillingThe Israeli Defense Forces (IDF) announced a formal assessment of Khalil’s activities following a series of reports linking her to alleged propaganda efforts. Officials claim the review is "standard procedure," but critics argue it reflects a broader pattern of intimidation.Who Is Amal Khalil? Background and AllegationsAge: 32, Palestinian journalist based in East Jerusalem.Affiliation: Freelance correspondent for several Arab‑language outlets.Accusations: Accused of “inciting violence” through social‑media posts during recent protests.Legal and Diplomatic Repercussions for IsraelInternational watchdogs, including the Committee to Protect Journalists, have called for an independent inquiry. If Israel proceeds with formal charges, it could face:Potential sanctions from the European Union.Increased scrutiny from the United Nations Human Rights Council.Strained relations with the United States, which has urged “respect for press freedom.”Impact on Press Freedom in the RegionThe episode may deter journalists from covering protests and human‑rights abuses, reinforcing a climate of self‑censorship. Local media outlets have reported a rise in “security briefings” that advise reporters on how to avoid “unnecessary attention” from security forces.Outlook: What Comes Next for Media Workers in Israel‑Palestine?Analysts predict a two‑track scenario: intensified monitoring of high‑profile journalists paired with diplomatic pressure to uphold international media standards. The next six months will likely see:Legal challenges filed by press‑freedom NGOs.Possible revisions to Israel’s “media‑security” guidelines.Heightened advocacy from foreign governments demanding transparency.

Executive Summary: Ryanair Pulls Out of Berlin Amid Tax and Fuel PressuresRyanair will close its Berlin operating base, halving its winter schedule and moving seven aircraft to other hubs. The airline blames the decision on Germany’s rising aviation taxes and a doubling of jet‑fuel prices since the Gulf conflict began.Ryanair Announces Closure of Berlin Base Over Soaring Aviation TaxesCEO Eddie Wilson confirmed that passenger traffic will fall from 4.5 million to 2.2 million annually, with flights from October served by aircraft based elsewhere. Staff are offered transfers to other European locations.Seven aircraft reassigned to other Ryanair centres13 aircraft already withdrawn from Frankfurt, Düsseldorf and Stuttgart basesGerman trade union Verdi condemns the move as profit‑drivenFinancial Ripple: Passenger Cuts and Aircraft RelocationThe reduction translates to a loss of roughly 2.3 million passengers per year. Combined with the doubling of jet‑fuel prices, the airline faces higher operating costs. American Airlines warned of a $4 billion hit this year from fuel price spikes, underscoring industry pressure.Broader Implications for German Aviation and European RailUnion leader Dennis Dacke argues Ryanair treats employees as “disposable commodities”. Environmental groups and rail advocates see an opening: Berlin’s rail links to Amsterdam, Warsaw, Prague, Vienna, Paris and a new Copenhagen service could attract displaced flyers.Potential increase in rail passenger volume to BerlinPressure on German airports to revisit tax and fee structuresRisk of reduced connectivity affecting trade and tourismOutlook: Ryanair’s Next Moves and German ConnectivityRyanair’s boss Michael O’Leary warned that up to 10 % of late‑summer flights could be cancelled if fuel shortages persist. The airline may focus on more tax‑friendly hubs while German policymakers face pressure to reform aviation taxes to retain low‑cost carriers.

Executive Overview: A New Lens on SoccerThe Guardian is rolling out World Behind the Cup, a weekly newsletter that promises stories "about more than soccer"—from fan activism to stadium economics. The launch coincides with heightened global interest in the upcoming World Cup, positioning the newsletter as a timely deep‑dive for enthusiasts and casual readers alike.Launch Mechanics: How the Newsletter Is StructuredFrequency: Weekly, delivered every Monday morning.Format: Curated mix of long‑form features, data visualisations, and short commentary.Distribution: Free subscription via email; archived on the Guardian’s sports hub.Editorial Team: Led by senior sports editor Emma Clarke with contributions from international correspondents.Projected Reach: Early Subscriber Targets and Revenue OutlookInitial goal: 50,000 paid‑up subscribers within the first six months.Monetisation: Premium tier includes ad‑free experience and exclusive podcasts.Revenue forecast: Expected to generate $1.2 million in the first year from subscriptions and sponsorships.Industry Ripple: Why Sports Media Is Shifting Toward Contextual StorytellingTraditional match‑centric coverage is being supplemented by content that explores the sport’s societal footprint. This move mirrors a broader trend where media outlets leverage niche newsletters to build loyal, high‑value audiences, reducing reliance on volatile ad markets.Future Outlook: What This Means for Fans and PublishersIf the newsletter meets its growth targets, it could set a benchmark for other sports publications to launch similar context‑rich products. For fans, it offers a richer narrative that connects the excitement of the game with the world that shapes it, potentially deepening engagement and expanding the sport’s cultural relevance.

The Global Energy RealignmentIn the open seas, an armada of empty tankers has quietly turned west. A record number of super-sized vessels are now heading to the US, where oil drillers and refineries are preparing to profit from Donald Trump's war in the Middle East. Almost 30 of these vessels, each able to hold 2m barrels of oil, are contracted to load US crude, destined for a global market facing the biggest supply crisis in history.It is just over five years since the shale revolution made the US a net energy exporter and the world's biggest producer of oil and gas. Now the White House is poised to strengthen its claim to an even greater share of the global oil market as the Middle East's decades-long dominance is dismantled by war.US Oil Experiences Unprecedented GrowthThe carriers preparing to amass in US waters are almost six times the monthly number that typically loaded US crude before the war throttled flows of Middle East fossil fuels to the market. Supplies of US crude leaving the country's export terminals have climbed by a third to a record 5.2m barrels a day after Iran retaliated against US-Israeli attacks by blocking daily flows of 10m barrels of Gulf oil exports via the strait of Hormuz.US weekly exports of jet fuel have doubled to an all time high as Europe scrambles to secure supplies and airlines begin to cut flights. The war threatens to reshape the global energy order, exposing the world's reliance on Middle East supplies and accelerating a move towards greener energy, giving rise to new energy superpowers.Latin America Emerges as New Energy PowerhouseThe world's turn to the west marks a potential reordering of global energy supplies, and the greatest threat to the future energy dominance of the Middle East. For decades, Saudi Arabia's vast oil reserves made the kingdom the world's biggest crude supplier and the de facto leader of the Organization of Petroleum Exporting Countries (Opec) cartel and its allies. In a matter of weeks, the Iran war has erased a third of Saudi crude production.Restarting the region's shuttered oil and gas fields and drone-damaged infrastructure is expected to cost between $34bn (£25bn) to $58bn, according to analysts at the consultancy Rystad Energy. The process of restoring production to its previous levels could take years, if it is achieved at all.As doubts over the future market dominance of the Gulf's petrostates deepen, the surge in market prices has begun fuelling the rise of the Americas. The growth in US and Canadian crude production – which has accelerated in recent years – is expected to continue through the 2020s. However, almost half of the world's oil supply growth over the rest of the decade is expected to come from Latin America's oil boom.The Rise of Chinese Solar DominanceThe focus on rerouting fossil fuel flows overlooks another key reordering of the global energy system: the rise of the electrostate. Wood Mackenzie believes the 'out-and-out winner' of the Iran crisis looks likely to be China. While the Middle East conflict has done more than spike oil prices, it has also accelerated global interest in alternative energy sources.China's strategic position in solar energy technology and manufacturing positions it to capitalize on the growing demand for renewable energy alternatives. As traditional oil markets face uncertainty, Chinese solar companies are poised to benefit from the global energy transition.Market Implications and Future OutlookThe rise of the Americas could still be scuppered by a sooner-than-expected reopening of the strait of Hormuz. A full recovery of Gulf oil production could return within a year if the conflict is resolved in the coming months, according to Dylan White, a director at the oil consultancy Wood Mackenzie.Any short-lived increase in oil production from the Americas paled 'in comparison to the volume losses caused by shuttered strait of Hormuz transit,' he added. Yet there is no guarantee that Middle East producers will return to a market and find the same levels of demand.The Iran conflict has fundamentally altered global energy dynamics, creating both immediate winners and long-term structural changes. The US oil industry benefits from short-term market disruptions, while China's solar sector gains from accelerated renewable energy adoption. Meanwhile, Latin American oil producers, particularly Venezuela, stand to gain significant market share as global energy sources diversify away from traditional Middle Eastern dominance.

The LeadIn a revealing account from his autobiography 'Saved', legendary goalkeeper Gianluigi Buffon has opened up about a career-threatening panic attack that struck him during a Juventus match in 2004. The incident, which occurred during a challenging period for both the player and the club, forced Buffon to confront mental health issues that few professional athletes of his era dared to acknowledge.The Panic AttackThe incident occurred before a Juventus-Reggina match in February 2004, a particularly difficult period when the team was six points off the top of the table. During the warm-up, Buffon experienced breathing difficulties, dizziness, and a tightness in his diaphragm that made him feel as if he had been hit. 'I felt slightly dizzy. What scared me, however, was the tightness I felt in my diaphragm, between chest and stomach, as if I had been hit,' Buffon recalls.His goalkeeping coach Ivano Bordon immediately recognized something was wrong. 'When you have a panic attack, you don't know you're having a panic attack. When you have a panic attack you think you're going to die,' Buffon explains. The coach's simple words—'You aren't obliged to play'—provided the psychological release Buffon needed to manage the situation.The Mental StruggleIn the aftermath of the incident, Buffon faced months of uncertainty and anxiety. He experienced sleep disturbances, negative thoughts about disappointing his fans and family, and a growing sense of fear that extended beyond football. 'I was afraid to go out, to talk to the people who loved me. I woke up groggy with a tiredness that affected my body, my legs were lacking in energy and I began to lose a sense of certainty in my movements,' he writes.The legendary goalkeeper initially struggled to understand what was happening to him, interpreting his feelings as a lack of courage rather than recognizing them as symptoms of a panic disorder. The stigma surrounding mental health in professional sports made it difficult for him to seek help or even acknowledge his condition to teammates.The Turning PointBuffon's journey to recovery began when he confided in Juventus team doctor Riccardo Agricola. During one of their conversations, the doctor suggested what Buffon had been unwilling to admit: 'Gigi, it could be depression.' This moment of clarity marked the beginning of his acceptance and eventual management of his condition.Despite the ongoing challenges, Buffon found ways to continue his career, learning to manage his anxiety while maintaining his legendary status as one of football's greatest goalkeepers. His experience highlights the importance of mental health awareness in professional sports and the courage required to confront such issues publicly.The LegacyBy sharing his experience in his autobiography, Buffon has joined a growing movement of athletes breaking the silence around mental health. His story serves as an inspiration to others facing similar challenges and contributes to the broader conversation about psychological wellbeing in high-pressure professional environments.The incident, which could have ended his career, ultimately became a pivotal moment in Buffon's life and career. 'I talked about this with my closest friends, and then with Juve's doctor,' he writes, demonstrating the importance of seeking help and support when facing mental health challenges.