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The conflict between Iran and Israel has taken a significant turn, with oil prices skyrocketing to unprecedented levels. Analysts are now warning that prices could reach $150 or even $200 per barrel, a scenario that was previously considered far-fetched.The global benchmark, Brent crude, has hit nearly $120 per barrel and has remained above $100 since March 13. The recent Israeli strike on Iran's South Pars gasfield and subsequent Iranian attacks on oil and gas facilities in Qatar, Saudi Arabia, and the United Arab Emirates have further pushed crude prices up to over $108 per barrel.The Strait of Hormuz, which accounts for about one-fifth of global oil supplies, has been effectively closed since Iran declared it shut early in the conflict. Only a handful of ships, mostly Indian, Pakistani, Turkish, and Chinese-flagged vessels, have been allowed to pass through in recent days.Market watchers agree that prices have room to move much higher if the Strait of Hormuz remains closed. Vandana Hari, founder of Vanda Insights, notes that benchmark Middle Eastern crudes have already crossed the $150 threshold, making $200 a possibility.The International Monetary Fund estimates that every 10% rise in oil prices would correspond with a 0.4% increase in global inflation and a 0.15% reduction in economic growth. Oil prices at $150 or higher would weigh heavily on the global economy.Adi Imsirovic, an energy expert at the University of Oxford, warns that oil at $200 per barrel would be a major handbrake to the world economy, impacting inflation, growth, employment, and potentially causing shortages of fuel and materials.

Cuba has extended an invitation to Cuban Americans and other exiles living abroad to invest in and own businesses on the island, effectively opening its doors to a community that has traditionally agitated for harsh economic sanctions against the Communist government. The move is part of a broader effort to revive Cuba's collapsed economy, which has been exacerbated by a US-imposed oil blockade and sanctions leading to extended blackouts and shortages of fuel, food, and medicine. Cuban Deputy Prime Minister Oscar Perez-Oliva Fraga stated that there are no limitations for Cubans living abroad to participate in the country's development, including investing in larger projects, particularly in agriculture. This policy shift comes as Cuba has begun talks with the US, and US officials have indicated a desire for an economic opening as part of any bilateral agreement. The issue of allowing emigrants to invest in island businesses is sensitive, given the often-hostile stance of some exile communities towards the Cuban government. Economist Paolo Spadoni described the policy shift as 'pragmatic' but noted that Cuba should have initiated it years ago. He added that this change could be a catalyst for deeper US-Cuba economic ties, creating significant opportunities for US companies. With over 1 million Cubans having emigrated since 2021, this move represents a potential source of investment still largely untapped. The policy change occurs against the backdrop of strained US-Cuba relations, with US President Donald Trump having cut off Venezuelan oil shipments to Cuba and threatening tariffs on countries selling oil to Cuba.

Iran has granted safe passage through the Strait of Hormuz to ships from select countries, including Pakistan, India, and Turkey, despite its ongoing war with the United States. The strait, a vital waterway for global oil shipments, has been effectively blocked since the conflict began on February 28, causing oil prices to skyrocket above $100 per barrel.On March 2, Ebrahim Jabari, a senior adviser to the commander-in-chief of Iran's Islamic Revolutionary Guard Corps (IRGC), announced that the strait was 'closed' and warned that any vessels attempting to cross would be 'set ablaze' by the IRGC and the navy. This move led to a significant increase in oil prices, with Brent crude rising 2.5 percent to $105.70 on Monday, more than 40 percent higher than before the war began.Iranian Foreign Minister Abbas Araghchi revealed that Tehran had been approached by several countries seeking safe passage for their vessels, with the decision ultimately resting with the military. He confirmed that a group of vessels from 'different countries' had been allowed to pass through, although details were not provided.Pakistan was one of the first countries to have a ship pass through the strait, with a Pakistani-flagged Aframax tanker called Karachi sailing out of the Gulf on Sunday. India also secured permission for some of its vessels to pass through, with two Indian-flagged tankers carrying liquefied petroleum gas safely crossing the strait on Saturday.In addition, Turkey obtained permission for one of its ships to pass through the strait after authorities received approval from Tehran. China is reportedly in talks with Iran to secure safe passage for its crude oil and Qatari liquefied natural gas carriers, with 45 percent of China's oil imports passing through the strait.Meanwhile, France and Italy have requested talks with Iran regarding safe passage for their ships, according to reports. The US has proposed a naval coalition to secure the strait, but countries such as Germany and Greece have ruled out military involvement.

US lawmakers, including Senator Chris Murphy and Representative Greg Casar, are taking steps to regulate prediction markets by introducing the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act. This legislation seeks to prohibit wagers on sensitive events such as government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome. The proposed bill comes in response to concerns that betting platforms like Kalshi and Polymarket have allowed users to profit from geopolitical conflicts, including the US and Israel's joint strikes against Iran and the abduction of Venezuelan President Nicolas Maduro. Critics argue that these platforms enable individuals with insider knowledge to influence government decisions and profit from them. Murphy emphasized that the legislation aims to prevent the monetization of sensitive events, stating, "What happens to us spiritually when every moral question in this country becomes a market?" He added that certain matters should not be influenced by the potential for profit. The lawmakers cited examples of significant profits made by users on Polymarket, including a $500,000 profit from a bet on Iran's supreme leader being out of power hours before a strike. They suggested that such trades may have been made by individuals with insider knowledge from within the White House or close to the administration. The BETS OFF Act is part of a broader effort to regulate the prediction market industry. Other proposed legislation includes measures to establish federal consumer protections, ban elected officials from profiting from prediction markets, and impose age verification for users.

Six decades ago, pioneering oceanographer and conservationist Sylvia Earle made a remarkable discovery while diving off Chile’s oceanic islands. She found the remains of a baby fur seal, a species endemic to the Juan Fernández archipelago that was believed to have been hunted to extinction in the 19th century. This discovery gave Earle hope that a small population might still exist, and indeed, a year later, a colony of 20 endemic fur seals was confirmed on Robinson Crusoe Island.Today, after decades of conservation efforts, the fur seal population has made an extraordinary recovery. An estimated 200,000 fur seals now inhabit the waters around the islands, returning them to their previous role as key members of the ecosystem. Earle, now 90, who returned to the island to dive in December 2025, described the archipelago as a critical 'Hope Spot' for marine protection.In a significant conservation victory, outgoing Chilean President Gabriel Boric recently signed an agreement to extend protection of 337,000 sq km of waters around Juan Fernández and the nearby Nazca-Desventuradas marine park. Once implemented, this 'no take' zone will extend to almost 1 million sq km, making it the third-largest such marine protected zone in the world. By doing so, Chile would protect more than 50% of its waters, placing it in a rare category alongside countries such as Panama and French Polynesia.The protection prohibits all fishing activities except within 12km of the coast, allowing the community of approximately 1,000 lobster fishers to continue their traditional livelihood. Chile is now out in front globally in ocean protection efforts, according to Earle, as most countries have been slower to commit to such extensive marine conservation.The initiative was driven by the Juan Fernández islanders and conservation NGOs who have advocated for decades to protect the unique ecosystem. The fishers, who witnessed the damage caused by industrial fishing of the orange roughy in the 1990s and 2000s, have practiced stewardship of their fishery. A survey showed 98% of residents supported extended protections, leading the fishers to present a proposal directly to the president.Julio Chamorro Solís, a lobster fisher and president of the local fishing organization, emphasized the importance of the unique ecosystem: 'We know the level of endemism we have and how fragile this ecosystem is. There's a biological treasure here.'However, the future of this expanded protection remains uncertain. The new Chilean government, led by President-elect José Antonio Kast, is currently reviewing environmental laws established by the previous administration. While the Chilean ministry of the environment has stated its intention is not to eliminate protections, conservationists and islanders await confirmation that the marine park extension will proceed as planned.This initiative aligns with global commitments to protect 30% of the world's oceans by 2030, a goal reinforced by the recent implementation of the high seas treaty. The expansion of Chile's marine protected areas represents a significant step toward achieving this ambitious target while safeguarding one of the planet's unique marine ecosystems.

Thomas Tuchel, England's manager, is optimistic about the team's chances in the World Cup, thanks in part to their base in Kansas City. The intimate boutique hotel, the Inn at Meadowbrook, with just 54 rooms, is seen as an ideal setting for the squad to bond and prepare for matches. The hotel, located on the Kansas side of the state line, offers a quiet and secluded environment, which Tuchel believes will help the team to focus.The team's training facilities will be located 20 minutes away at the Swope Soccer Village, home of Sporting Kansas City's academy teams, on the Missouri side. Tuchel noted that the hotel's small size and private setting will allow the players to get to know each other better, which he considers crucial for their success in the tournament.England will fly in and out of Kansas City for their matches, taking advantage of the city's central location in the US to minimize travel distances. The team will also have access to a local swimming pool and a basketball court for training and relaxation.Tuchel emphasized the importance of team chemistry in the World Cup, where the schedule is expected to become increasingly congested after the second group tie against Ghana. He expressed satisfaction with the team's pre-tournament schedule, which includes warm-up matches against New Zealand and Costa Rica in Florida.

Scotland has taken a significant step in the early detection and treatment of spinal muscular atrophy (SMA), a rare genetic condition that causes progressive muscle wastage, by becoming the first part of the UK to screen newborn babies for the condition.The screening, which is part of the existing heel prick test offered to all parents in Scotland about four days after birth, is funded by the Scottish government and pharmaceutical company Novartis. The goal is to assess how well screening can detect SMA earlier, allowing babies to receive treatment as soon as possible.SMA affects an estimated 1 in 14,000 births worldwide and impacts movement, breathing, and swallowing. Without treatment, it can limit life expectancy to two years. The condition was brought to wider attention after former Little Mix singer Jesy Nelson revealed in January that her twin daughters had been diagnosed with SMA.Campaigners, who have long advocated for newborn testing, hope the Scottish pilot will result in approval for the heel prick test across the UK. Giles Lomax, chief executive of SMA UK, said the screening pilot in Scotland would be “a huge impetus for other parts of the UK to speed up their own testing plans”. He hopes the Scotland trial will provide data that would convince the UK National Screening Committee to approve UK-wide testing.There is no cure for SMA, but there are now three NHS-funded drug treatments available. Lomax emphasized that with these treatments and newborn screening, “the future for anyone diagnosed with SMA is very different compared to their peers who were diagnosed symptomatically. It basically gives children the life they deserve.”

Leonid Radvinsky, the owner of the adult content platform OnlyFans, has passed away at the age of 43 after a prolonged battle with cancer. The company announced his death on Monday, stating that he passed away peacefully.Radvinsky, a Ukrainian-American billionaire, had a net worth of about $3.8 billion as of May 2025. He acquired OnlyFans' parent company, Fenix International Limited, in 2018 and served as the company's director and majority shareholder. Born in Odesa, he grew up in Chicago and studied economics at Northwestern University.According to reports, Radvinsky began running pornography sites as a teenager. OnlyFans, founded in 2016, is best known for allowing adult film actors and sex workers to monetize their content through a subscription-based model. The company typically takes a 20% cut of payments, leaving creators with 80% of the revenue.In recent months, Radvinsky had been in talks to sell a 60% stake in OnlyFans in a deal that would have valued the company at around $8 billion. He had moved his ownership to a trust in 2024. OnlyFans has faced controversy, including a 2024 Reuters investigation that reported on women who claimed to have been sexually enslaved to make money from the site.Despite efforts to expand beyond sexually explicit content, pornographic material remains OnlyFans' best-known product. The platform has been used by various creators, including Olympians and teachers, who have turned to the site as a way to supplement their income.

Viktor Gyökeres has articulated the hurt and defiance within the Arsenal dressing room following their 2-0 Carabao Cup final defeat by Manchester City and promised to use it as fuel in the club's pursuit of other trophies this season.Arsenal produced their worst performance of the season in the final, with nearly every player falling below their standard – with the possible exception of William Saliba. The period from the beginning of the second half until Nico O'Reilly scored his second goal in the 64th minute proved particularly difficult, as City established complete dominance, leaving Arsenal pinned back and struggling to mount any meaningful attack.The recovery mission has already begun, with some at the club hoping the international break will provide a timely change of environment and focus. For Gyökeres, there is also the matter of Thursday's World Cup playoff with Sweden against Ukraine in Valencia. If his country advances, they will face Poland or Albania next Tuesday for a place at the finals.Despite the setback, Arsenal remains nine points clear of City at the top of the Premier League, albeit having played one game more, and has progressed to the Champions League quarter-finals, where they will face Sporting. Their next domestic challenge comes in the FA Cup quarter-final at Southampton on the following Saturday."Of course, we don't feel great right now but it's not like we have a game in three days," Gyökeres said. "For sure, we will go again and be even more motivated for those games."The turning point at Wembley came when Arsenal's backup goalkeeper Kepa Arrizabalaga – who Mikel Arteta started ahead of first-choice David Raya – dropped a cross to allow O'Reilly to score his first goal, although City had already established firm control of possession."We created some chances at the beginning of the game and then I think it was maybe 10 minutes from the break where they got the momentum," Gyökeres reflected. "I think they had the ball … maybe they didn't create so many dangerous chances but they had the ball a long time and it looked the same in the second half."Normally, when it's two top teams it can be like that [with the first goal being crucial]. In the moment of the game where they scored … yeah, it was difficult to get going afterwards."