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The US-Israel war on Iran has effectively closed the Strait of Hormuz, a critical shipping route for materials used in the production of various everyday products. As the conflict enters its fifth week, global oil shortages are forcing countries to take severe measures to conserve their reserves. While US gas prices have surged to their highest level in years, the impact of rising oil prices extends far beyond drivers. Oil is a crucial component in the supply chain, powering machines that manufacture goods and fueling trucks that transport them to stores. The price increases come at a time when many Americans are already strained by rising housing costs, grocery bills, and electricity statements. A recent Gallup poll found that a third of Americans have had to skip meals and forego other needs to afford their healthcare. Oil and Gas The average cost of gas in the US has jumped about 30% over the last month, with the national average hitting $3.97, the highest since 2023. Diesel, which fuels many trucks transporting goods, has increased by about 50%, or $1.69 more than it did a year ago. Higher diesel costs could soon affect transportation costs and grocery prices, as roughly 85% of agricultural goods are transported by trucks. The impact of oil and gas shortages on the supply chain can be categorized as first-order effects, such as higher prices at the gas pump, and second-order effects, including potential price increases for crops, semiconductor chips, and medical devices. Fertilizer Farmers are struggling as the spring growing season approaches, facing higher fertilizer costs and falling commodity prices. A third of global urea trade, a solid nitrogen fertilizer, passes through the Middle East region, with about 20% of imported fertilizer to the US coming from Qatar. Nitrogen fertilizer is critical to grow corn, which is cultivated by about 500,000 farmers in the US. The White House has promised to minimize disruptions to the US economy, with alternative sources of fertilizer being sought from around the world. Helium The conflict has disrupted the global helium supply after Iranian attacks in Qatar, the second-largest producer of helium after the United States. Helium is a key import used in aerospace, magnetic resonance imaging (MRI), and semiconductor chips that power AI. Jet Fuel Increases in oil prices could result in higher airfare and shipping costs. The price of jet fuel has doubled since the start of the war, according to the International Air Transport Association. United Airlines announced last Friday that it would have to cut flights due to the surging cost of fuel. < h2>Mortgage Rates Just as US mortgages were starting to fall in February, the average 30-year fixed mortgage rate ticked up to its highest level in months, reaching 6.22%. Mortgage rates are closely tied to the overall state of the economy, and the US Federal Reserve's decision to leave rates unchanged last week cited uncertainty in the economy, particularly with conflict in the Middle East.

Guardian cartoonist David Squires offers a unique perspective on Australia's national soccer team, the Socceroos, as they prepare to host the tantalizing new FIFA Series event. Through his distinctive visual storytelling, Squires captures the significance of Australia's role in this prestigious global tournament.The comic series provides an insightful look into how the Socceroos are serving as trailblazers for the FIFA Series, positioning Australia at the forefront of international soccer innovation. The illustrations showcase both the excitement and strategic importance of this new global competition.Published on March 26, 2026, this piece is part of Squires' ongoing series examining Australian sport, highlighting the nation's growing influence on the world stage. The FIFA Series represents another milestone in Australia's evolving relationship with international soccer, following previous successes that have elevated the country's sporting profile globally.

Legendary quarterback Tom Brady has disclosed that he explored the possibility of returning to the NFL as a player, but the league was not keen on the idea. In a recent interview with CNBC Sport, Brady revealed that he had inquired about a potential comeback, but the league's response was lukewarm.Brady's last NFL game was in January 2023, when his team, the Tampa Bay Buccaneers, lost to the Dallas Cowboys. Since then, he has transitioned into a new role as a minority owner of the Las Vegas Raiders and a television analyst for Fox. A spokesperson for the league noted that if Brady were to return to playing, he would need to divest his stake in the Raiders.“I actually have inquired [about a return to playing], and [the NFL] don’t like that idea very much,” Brady said. “We explored a lot of different things, and I’m very happily retired. Let me just say that, too.”Despite his interest in a potential comeback, Brady emphasized that he is content with his decision to retire. He recently participated in a televised flag football game, where he threw a touchdown pass to receiver Stefon Diggs and appeared to be in good football shape. However, Brady insisted that the game only reconfirmed his happiness with his retirement.As a minority owner of the Raiders, Brady described his role as having no formal job description. He expressed his enthusiasm for contributing to the team's success and bringing a winning culture to Las Vegas.Brady's commitment to winning is legendary, and his achievements in the NFL are unparalleled. He holds the record for most Super Bowl wins (7), career passing touchdowns (649), and passing yards (89,214).

Prem Rugby is set to introduce a significant change to its financial structure by implementing a minimum salary floor of £5.4m for each club next season. This move is part of a broader strategy to enhance competitiveness within the league. The decision was made by the Rugby Football Union Council last month, which also included the decision to ringfence the existing 10-team Prem until the 2029-30 season.The introduction of the salary floor is a key component of Prem Rugby's growth plan, which includes expansion windows every four years. This means that up to two new clubs could join the league, provided they meet the required minimum financial and sporting standards. The first tender process for new clubs is slated for 2027, with potential new members possibly joining Champ Rugby the following season and moving up to Prem Rugby in 2028-29 if they reach the playoffs.Prem Rugby's chief executive, Simon Massie-Taylor, emphasized that the league's vision is to become the best league in the world. However, this does not mean exceeding the financial capabilities of other leagues and creating wage inflation. The new salary floor is £1m lower than the current cap, which will remain unchanged for next season. Massie-Taylor highlighted that any future increases to the salary cap will be based on a formula as part of financial control measures.As part of its growth strategy, Prem Rugby also aims to host several 'Big Games' to appeal to a wider fanbase. The ambition is to have 10 Big Games by 2030, including the final and potential neutral playoffs. One example of this initiative is England's game against Fiji at the Hill Dickinson Stadium in Liverpool this summer, which could set a precedent for future events.

The International Olympic Committee (IOC) has made a significant U-turn on its policy regarding transgender athletes, effectively banning them from competing in female events at the Olympics. This decision marks a major shift from their previous stance, which allowed transgender women to compete with certain conditions.In 2020, the IOC permitted Laurel Hubbard, a transgender weightlifter, to compete at the Tokyo Olympics, issuing a framework that stated transgender women “should not be deemed to have an unfair or disproportionate competitive advantage” over biological women. However, in a recent policy document, the IOC has stated that the female category must be protected for fairness and safety reasons, and will use SRY screening – a sex test using saliva or a cheek-swab – to determine biological sex.This new policy means that transgender women and athletes with differences in sex development (DSD), who were reported as female at birth but have internal testes and have undergone male puberty, are now banned from the female category at all future Olympics. The decision has caused anger among some groups and joy among others.According to Kirsty Coventry, the newly elected IOC president, this policy change was a priority for her, and she had set up a working group to examine the issue shortly after taking office. Coventry emphasized that the decision was based on scientific consensus and the need to protect the female category.The IOC's decision is based on scientific research showing that males have a performance advantage in sports, even after hormone treatment. The policy document states that the advantage is 10-12% in most running and swimming events, and greater than 100% in events that involve explosive power. This has led to sports such as athletics, swimming, and boxing introducing policies to protect the female category.While this decision applies only to elite sport, there could still be future challenges at the Court of Arbitration for Sport if transgender or DSD athletes decide to appeal. Nevertheless, the IOC's U-turn marks a seismic shift in the ongoing debate about transgender athletes and their participation in sports.

The deadly conflict in Iran has precipitated what the International Energy Agency describes as the worst oil crisis in history, creating a complex situation for global clean energy efforts. While climate advocates are calling for accelerated transition away from fossil fuels, the war simultaneously presents both opportunities and significant challenges for renewable energy development.US-Israeli strikes on Iran have critically disrupted supply routes through the Strait of Hormuz, a maritime channel through which 20% of global oil flows. The conflict has also seen direct attacks on fossil fuel infrastructure by all parties involved, creating additional market shocks and uncertainty.Interestingly, reduced reliance on oil and gas is proving beneficial for some regions navigating the ongoing fuel crisis. As Jan Rosenow, a professor of energy at Oxford University, explains: Electricity generated from wind and solar is largely insulated from fossil fuel price volatility – once built, the fuel is free.Countries with substantial renewable energy investments are demonstrating greater resilience. Spain and Portugal have witnessed electricity prices decline in recent weeks, while Pakistan has experienced a surge in rooftop solar installations over the past five years, helping the nation weather oil and gas market disruptions.The electric vehicle revolution is also providing some economies with protection against gasoline price increases. In China, more than 50% of all new cars sold are electric, while in Nepal, that figure reaches an impressive 70%.However, the war is creating near-term challenges that could impede clean energy growth. The conflict has disrupted transport routes for metals essential in solar panel construction, particularly aluminum. The Middle East accounts for approximately 9% of global aluminum production, and regional producers have begun scaling back operations amid the hostilities.Furthermore, the inflationary pressures stemming from the conflict pose significant hurdles for renewable energy projects, which require substantial upfront investment for construction, equipment, and installation.Paradoxically, the war and resulting energy shocks have provided a short-term boon for fossil fuels, including coal. Many Asian countries heavily reliant on imported liquefied natural gas (LNG) are burning more coal to meet energy demand as LNG supplies through the Strait of Hormuz become constrained.The conflict has also incentivized increased oil and gas drilling and exploration, as countries scramble to replace disrupted LNG supplies and higher prices make previously unviable projects economically viable. US company Venture Global recently announced a new five-year contract to supply LNG, while Canadian energy company TC Energy indicated that Iran war disruptions are increasing the likelihood of expanding a massive LNG export facility.The Trump administration has further incentivized oil expansion, recently announcing plans to pay a French company $1 billion to abandon offshore wind farm projects in favor of fossil fuel initiatives.Experts propose various policy responses to encourage the green transition during this crisis. Rosenow advocates for tax reform to reduce the disproportionate burden on electricity compared to gas. Professor Gregor Semieniuk suggests imposing windfall taxes on oil and gas companies during the war, while Lauren Pagel of Earthworks calls for ending fossil fuel subsidies and making polluters pay for their environmental impact.Despite the current challenges, Kingsmill Bond, a strategist for the energy thinktank Ember, maintains that this crisis could ultimately accelerate the clean energy transition: This is the first oil shock in history where oil faces a superior alternative. Solar, wind and EV are cheaper, local, faster to deploy, and huge.

Marcelo Bielsa, the charismatic and intense manager of Uruguay, returns to England for a friendly match against the host team on Friday. This visit comes four years after he left Leeds United, where he had a hugely successful stint, earning promotion to the Premier League and restoring the fanbase's faith in football. Bielsa's managerial style, known for its radicalism and emphasis on playing the right way, has been both admired and criticized. His teams are known for their high-intensity performances, but also for the physical and mental toll it takes on players. His departure from Leeds United was marked by a boom-bust pattern, where his teams initially perform well but eventually suffer from fatigue and decreased results. During his time at Leeds United, Bielsa was praised for his commitment to social responsibility, having players pick up litter to instill a sense of community and responsibility. His approach to football extends beyond the pitch, emphasizing the role of the sport in society. Uruguay's recent performances have been inconsistent, with a 5-1 friendly defeat to the USA in November 2023 being a significant low point. Luis Suárez, a key player, publicly criticized Bielsa, accusing him of isolating players and creating a culture of fear. Suárez's retirement from international football and subsequent comments have added to the uncertainty surrounding Bielsa's tenure. The upcoming friendly against England provides an opportunity for Bielsa to address these concerns and work towards restoring confidence in his team. Getting key players back in form, such as Darwin Núñez, who has not scored an international goal in 11 games, will be crucial. Bielsa's third World Cup may be his last chance to make a significant impact on the global tournament, and he will be looking to make a strong impression.

The Palestinian Football Association (PFA) has urged for the expulsion of the Israeli Football Association (IFA) from all international institutions after a recent FIFA report revealed multiple breaches of its anti-discrimination obligations.PFA chief Jibril Rajoub stated during a news conference in the occupied West Bank city of el-Bireh that the IFA's actions, including alleged racist behavior and criminal activities by some officials, justify a ban.The FIFA report fined the IFA 150,000 Swiss francs ($190,700) for the breaches, which Rajoub described as a significant but insufficient penalty.Rajoub cited several reasons for the proposed ban, including the IFA's 'racist nature', alleged criminal activity by some Israeli sports officials, and the inclusion of football clubs from Israeli West Bank settlements in the Israeli federation.The report highlighted the IFA's failure to address 'persistent and well-documented racist behaviour' by Beitar Jerusalem, which Rajoub described as an extreme example of racism, fascism, and discrimination prevalent in Israeli football.Rajoub also mentioned instances of players killed during the conflict in Gaza and the destruction of sports facilities, stating that 1,007 athletes and coaches were killed and 265 sports facilities damaged since the war started in October 2023.At least five football clubs based in illegal Israeli settlements in the occupied West Bank are members of the IFA, which is part of UEFA, European football's governing body.

Robert Habeck, former German Vice-Chancellor and Minister for Economic Affairs and Climate Action, has issued a stark warning about the dangers posed by authoritarian leaders driven by megalomania, drawing parallels between Vladimir Putin's actions in Ukraine and Donald Trump's actions in Iran.Habeck argues that both leaders are primarily concerned with their own greatness, making them unpredictable and disinterested in international law. This megalomania has led to massive military miscalculations, including underestimating the resolve of the countries they attacked to make sacrifices.The article highlights the impact on energy prices, with both conflicts threatening to disrupt global energy supplies. Habeck recalls the high oil prices following Russia's invasion of Ukraine in 2022, which rose to $130 a barrel, and warns that a prolonged conflict in Iran could lead to an inflationary contagion beyond energy.Habeck emphasizes the need for Europe to develop its defence capabilities, including stockpiles of interceptor drones and new production capacity, to prepare for the scenario of a long war. He also stresses the importance of rapid electrification of industry, transport, and the heating and cooling sectors to reduce dependence on fossil fuels.The author concludes that Europe must act to prevent the worst outcome, rather than relying on hope or second-best outcomes. As he notes, hope is not a strategy, and the EU must use its resources wisely to protect its infrastructure and ensure energy security.