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The United States has experienced a notable surge in inflation, with consumer prices rising by nearly 1 percent in March. This significant increase, one of the highest short-term inflation rates in years, is largely attributed to the disruption of energy markets amid the ongoing conflict with Iran. According to a report by the US Bureau of Labor Statistics, the inflation rate in March was 0.9 percent, up from 0.3 percent in February. This marks the largest increase since May 2022, during the peak of the cost-of-living crisis triggered by the COVID-19 pandemic. The March increase was primarily driven by energy prices, with gasoline prices surging by 21.2 percent and fuel oil prices increasing by more than 30 percent. The energy index saw a 10.9 percent increase in March, the largest monthly rise since September 2005. The escalation in prices followed the US and Israel's launch of an all-out war on Iran on February 28, which resulted in the killing of Iran's Supreme Leader Ali Khamenei. In response, Tehran closed the Strait of Hormuz, causing oil and gas prices worldwide to skyrocket. The price of a barrel of oil reached $120, up from about $70 on February 27. In the US, the price of one gallon of gasoline exceeded $4.1, a significant increase from less than $3 before the conflict began. Although a two-week ceasefire was agreed upon between the US and Iran, marine traffic in the Strait of Hormuz remains at a fraction of its pre-war levels. US President Donald Trump has warned Iran against blocking the strait or charging vessels for safe passage. About 20 percent of the world's oil passes through the Strait of Hormuz. While the ceasefire has brought some relief to the global energy market, with oil prices dropping to less than $100, US consumers are still paying $4.15 on average at the petrol pump. Experts suggest that it will take several months for prices to stabilize. The inflation report comes as US politicians focus on the cost of living and affordability, ahead of the November midterm elections. Trump's Democratic rivals have criticized him for launching the war without congressional approval, highlighting the increased economic costs for Americans.

The US Court of International Trade is hearing oral arguments in a case aimed at overturning President Donald Trump's global import tariffs. The tariffs, which were imposed in February, have been met with opposition from several US states and small businesses.The plaintiffs, including 24 mostly Democratic-led states and two small businesses, argue that the 10% global import tax sidesteps a Supreme Court ruling that invalidated most of Trump's previous tariffs. They claim that the tariffs are based on archaic authority meant to protect the US dollar from sudden depreciation in the 1970s, not to address routine trade deficits.Oregon's lawyer, Brian Marshall, told the judges that they should block the tariffs rather than let them expire on the normal 150-day timeline, to prevent Trump from invoking laws to keep them indefinitely. "[If] we have a successive series where there's always tariffs in place, that's a problem," Marshall said.The Trump administration has argued that the global tariffs are a legal and appropriate response to a persistent trade deficit caused by the fact that the US imports more goods than it exports. "President Trump is lawfully using the executive powers granted to him by Congress to address our country's balance of payments crisis," White House spokesperson Kush Desai said.The case is significant as it challenges Trump's use of Section 122 of the Trade Act of 1974, which authorises duties of up to 15% for up to 150 days on imports during "large and serious United States balance-of-payments deficits" or to prevent imminent depreciation of the dollar.

Argentina's glacier law has been in effect since 2010, and was the first legislation in Latin America to protect glaciers. It has been a point of contention for mining companies and provincial authorities ever since.The law bans 'any activity' that can affect the 'natural condition' of a glacier or the periglacial frozen land surrounding it, or that results in 'its destruction, movement or interferes with its advance'. That includes the construction of infrastructure not for scientific purposes and any industrial activity. Mining companies, including Barrick, have previously sought to have the law deemed unconstitutional, but the supreme court rejected the challenge.However, a recent reform to the glacier law driven by the far-right government of Javier Milei will relax restrictions, paving the way for mines in high-altitude areas blanketed with ice and snow, which are sources of water. The new law, approved on Wednesday by 137 votes to 111, with three abstentions, will enable provincial authorities to decide which glaciers are protected and which are open for development based on whether they represent a 'relevant water function'.Environmentalists and community members such as Zeballos, a 51-year-old accountant turned activist, have long alleged that Veladero, owned by Canada-based Barrick Mining Corporation and China's Shandong Gold, is operating illegally in an area considered off-limits by Argentina's Ley de Glaciares – or glacier law. The reform has sparked a wave of protests, with Greenpeace activists staging a demonstration on the steps of the National Congress.'What is at stake is the protection of key water reserves in Argentina,' says Andrés Nápoli, a lawyer and executive director of the Foundation of Environment and Natural Resources (Farn), an environmental and human rights NGO. 'Saying that you have to destroy glaciers to guarantee the energy transition is an oxymoron.'About 7 million people, 16% of the population in Argentina, live in areas that depend on glaciers, according to environmental organisations. Glaciers don't just feed rivers; they balance fragile ecosystems hit hard by a heating planet. In Argentina's northwest, scientists say they have shrunk by 17% in the past 10 years.

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.

Iran's supreme leader, Mojtaba Khamenei, has declared a 'final victory' in the war against Israel and the United States, despite a fragile ceasefire being threatened by Israel's continued offensive on Lebanon.Marking 40 days since his father, Ayatollah Ali Khamenei, was killed in a US-Israeli attack, Khamenei stated that Iran had 'astonished the world' during the course of the war. He emphasized that Tehran is not seeking war but is fighting for its legitimate rights.Khamenei warned that Iran will not leave 'criminal aggressors' unpunished and will demand compensation for damages and the blood of martyrs and the wounded. He also mentioned that Iran will move towards a 'new phase' regarding the Strait of Hormuz, which has been effectively blockaded since the war began.The US and Iran agreed to a two-week ceasefire mediated by Pakistan, allowing for negotiations to take place. However, Israeli air strikes across Lebanon on Wednesday killed over 300 people, threatening the truce amid disagreements on whether Beirut was part of the agreement.Khamenei stated that Iran is ready to respond if attacks resume, saying 'our hands are on the trigger'. Despite this, he emphasized that Iran will not renounce its legitimate rights under any circumstances, considering the entire resistance front as a whole.Delegations from Iran and the US are expected in Pakistan on Saturday to hold talks on ending the war.

Iranian Foreign Minister Abbas Araghchi warned on Thursday that it would be "dumb" for the United States to permit Israel to jeopardise the newly‑declared regional ceasefire by persisting with its intense bombardment of Lebanon, a campaign that has already claimed hundreds of lives. Araghchi noted that Israeli Prime Minister Benjamin Netanyahu’s corruption trial is set to resume on Sunday, suggesting the prime minister may have ulterior motives for sustaining the fighting. He wrote on social media that a ceasefire encompassing Lebanon would "hasten his jailing," implying that the truce could pressure Netanyahu’s legal woes. Addressing Washington directly, Araghchi said: "If the US wishes to crater its economy by letting Netanyahu kill diplomacy, that would ultimately be its choice. We think that would be dumb but are prepared for it." The statement echoes language used by U.S. Vice President JD Vance the previous day, who warned that Iran would find it "dumb" to let the ceasefire collapse over Lebanon, yet framed it as a choice for Tehran. Since the ceasefire was announced on Tuesday, the dispute over whether it applies to Lebanon has become a central obstacle to sustaining the truce. Iranian officials and media have hinted that Tehran could respond militarily to Israel’s assault on Lebanon or even block the Strait of Hormuz to enforce a Lebanon‑wide ceasefire. President Donald Trump told NBC News that he had spoken with Netanyahu and urged the Israeli government to "scale back" its operations in Lebanon, describing the approach as "low‑key." Vance also reported that Israeli officials had agreed to "check themselves a little bit in Lebanon." Despite these diplomatic overtures, the violence shows no sign of abating. The death toll from recent Israeli strikes in Lebanon has already surpassed 300, marking one of the deadliest days in the country’s recent history. On Thursday, Israel launched several new attacks, including a strike that killed four rescuers in the southern town of Borj Qalaouiye, and issued a displacement order for Beirut’s Jnah district, home to two major hospitals and tens of thousands of residents and displaced persons. The United States has a track record of asserting that Israel will curb its military actions, only to witness continued strikes. In 2024, the Biden administration insisted that Israel’s operation in Rafah was "limited," yet the Israeli military ultimately razed nearly every structure in the city, a tactic now hinted at for southern Lebanon. The Lebanese conflict escalated into full‑scale war in early March after Hezbollah fired rockets in retaliation for Israeli strikes and following the killing of Iranian Supreme Leader Ayatollah Ali Khamenei on February 28. Since a separate November 2024 ceasefire, Israel has maintained near‑daily attacks on Lebanon, targeting civilian infrastructure and deepening the humanitarian crisis.

Thousands of Iranians have gathered nationwide to honour the memory of former Supreme Leader Ali Khamenei, who governed the nation for nearly 40 years until his death in recent US-Israeli strikes that sparked the latest Middle East conflict.The national tribute commenced at 9:40am (06:10 GMT), the exact time Ali Khamenei was killed on February 28 at his Tehran residence, along with several other senior Iranian officials.State television broadcast footage showing thousands participating in memorial rallies across Iran on Thursday, with many carrying portraits of the late leader in cities including Urmia in the northwest, Gorgan in the northeast, and the capital Tehran.His successor, son Mojtaba Khamenei, has remained out of public view since before the war began, and was not expected to attend the nationwide commemorative events held Thursday.The attack initiated the Middle East conflict that has since engulfed the region, with Iran responding by targeting US assets and allies across the Gulf and launching strikes against Israel.Due to the ongoing war, a formal state funeral for the late supreme leader has yet to be held.

Residents of Tehran and much of Iran are breathing a sigh of relief after a two-week ceasefire was announced, bringing an end to daily bombardments. The ceasefire, agreed upon by Iran and the US with mediation from Pakistan, has allowed some traffic to return to the streets of the Iranian capital during daylight hours.Despite the temporary reprieve, Tehran remains far from its usual bustling state, having been targeted by several thousand munitions since February 28. The Iranian capital is home to more than 10 million people. Air defence systems were activated for short periods several times since the ceasefire was announced overnight, but there were no reports of impacts or any official explanation for the activations.People across Tehran are debating whether the ceasefire will hold and what the future may hold for them. A young man noted, “Looks like the ceasefire will continue. I heard the Israelis are opening up their airspace more,” referring to an announcement by Israeli authorities that flights will resume from Ben Gurion Airport.However, others are more pessimistic, especially after two critical islands off southern Iran were attacked on Wednesday morning, hitting oil facilities. It is unclear who was behind the attack. The Islamic Revolutionary Guard Corps (IRGC) said it shot down a drone in the southern province of Fars.Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, and Bahrain also reported attacks on their territories by missiles and drones from Iran, with Iranian state television confirming this was in retaliation for the post-ceasefire oil attacks. Tehran said it was ready to restart military operations if attacked again.On Tuesday, Iranians had been worried about the targeting of critical civilian infrastructure, such as power plants and bridges, after a threat from US President Donald Trump to end “civilisation” in a country with one of the world’s oldest civilisations. The ceasefire was announced shortly before the midnight GMT deadline that Trump had set for an agreement to be reached.The Israeli military intensified its attacks in the hours preceding the ceasefire, hitting electricity outposts, bridges, and the railway network. Warplanes also struck the Iranian Aluminium Company in Arak, damaging the country’s largest aluminium production facility.Even after the ceasefire, Israel continued attacking Lebanon, killing more than 250 people in a devastating day of attacks on Wednesday. Israel said it was targeting Iran’s ally Hezbollah, but civilian locations across Lebanon were hit.Trump hailed what he described as a decisive victory against Iran while announcing the ceasefire, but his top general emphasised that the deal only signifies a pause and combat operations could start once again if no final deal is reached. The US military said it struck 13,000 targets across Iran in less than six weeks of war.In Iran, similar proclamations of victory and celebrations were broadcast from Iranian state television. A statement from the Supreme National Security Council urged supporters of the government to trust in the system and refrain from making “divisive commentary”.The council also stressed that affairs were being overseen by Mojtaba Khamenei, who was declared Iran’s supreme leader after his father, Ayatollah Ali Khamenei, was killed on the first day of the war on February 28.

US President Donald Trump has announced that countries supplying Iran with military weapons will face immediate 50% tariffs on all goods sold to the United States, with no exemptions. This move comes hours after Trump agreed to a two-week ceasefire with Tehran.In a social media post, Trump stated that 'A Country supplying Military Weapons to Iran will be immediately tariffed, on any and all goods sold to the United States of America, 50%, effective immediately. There will be no exclusions or exemptions!'However, experts have raised questions about the legal authority behind Trump's announcement, as the Supreme Court struck down his use of the International Emergency Economic Powers Act (IEEPA) to impose broad global tariffs in February. The IEEPA has been used extensively for decades to back financial sanctions against Iran, Russia, and North Korea.Rachel Ziemba, adjunct senior fellow at the Center for a New American Security, told Al Jazeera that 'it's a lot more complicated to do that after IEEPA was struck down. There's no immediate policy lever and authorisation that is available for the US to do that. So they need either an act of Congress or need to adapt some other trade tool.'Trump did not specify which countries could face punitive tariffs, but China and Russia have helped Iran build military capacity to counter US and Israeli pressure. The US imports from Russia have fallen sharply since the invasion of Ukraine in 2022 and the wave of financial sanctions imposed on Moscow.Josh Lipsky, vice president and chair of international economics at the Atlantic Council, said that 'this is a China-related threat, the way I read it. And China will read it that way.' However, he also noted that Trump was unlikely to follow through with new tariffs in the near term because that would derail his planned trip to Beijing to meet with Chinese President Xi Jinping in mid-May.