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The Energy Imbalance Iran is facing more energy constraints as its summer season begins, with the widespread use of air conditioning and other needs during hotter months contributing to an imbalance between supply and consumption. Government's Limited Options For decades, successive Iranian governments have kept utility bills well below supply costs for households and offices through a mix of implicit oil-and-gas subsidies, administered tariffs, state-controlled pricing, and sometimes direct financial support. However, the negative impacts of the war with Israel and the United States on the economy mean the government has fewer tools at its disposal to deal with an energy crisis this summer. Data Analysis Despite having the world's third-largest proven crude oil reserves, Iran will have to import fuel again as demand outpaces refinery output. The administration's attempts to tackle the subsidies burden due to a mounting budget crunch have resulted in only limited increases in petrol through a complex three-tiered pricing system. Most users of Iranian-made vehicles have access to 60 litres (15.85 US gallons) per month of subsidised petrol at 15,000 rials (0.8 cents) and another 100 litres (26.42 gallons) at 1.6 cents. Any use over tier 1 and tier 2 is priced at 50,000 rials (around 1.4 cents) and Iranians are allowed a maximum of 30 litres of fuel per day under any of these prices schemes. Impact Analysis The Iranian government is running similar schemes for natural gas, electricity and urban water, with fears of social unrest making them averse to any sudden price hikes. There appears to be little the government can do to bridge the divide between lower energy production and growing demand for subsidised fuel, illustrated by the perpetual queues at petrol stations since the start of the war. Prediction The situation has worsened during the war, with strikes on Iranian energy facilities seeing Iran's gasoline production capacity drop marginally from 115 million litres (30.37 million gallons) per day to 110 million litres (29.06 million gallons). Meanwhile, consumption has jumped from 10 million litres (2.64 million litres) in 2025 to 140 million litres this year (36.98 million litres). US President Donald Trump's threats of more strikes on power plants have heightened fears of further blackouts and gas shortages this summer, meaning the energy crisis is likely to continue in the coming months.

The Presidential Pitch United States President Donald Trump has sought to reassure farmers hard-hit by tariffs and the economic fallout of the US-Israeli war with Iran during a visit to Wisconsin. Farmers Hit by Tariffs and High Prices The stop in Chippewa Falls on Friday for a farming roundtable comes months before the midterm elections in November. Trump was seeking to bolster support for Republican US Representative Derrick Van Orden, who has been targeted by Democrats hoping to take control of the chamber. Farmers have been particularly hard-hit by Trump's aggressive tariff policies, with many countries limiting imports of US products, notably soybeans, in response. The tariffs have also made importing items needed for daily operations more expensive. Economic Challenges Facing Farmers The administration has sought to offset the fallout with temporary aid packages for farmers. An April survey by the American Farm Bureau Federation found that 70 percent of farmers in the US reported they cannot afford all of their fertiliser needs. The average gas price of $4.04 per gallon of petrol this week was also $1.08 higher than a year ago, according to the American Automobile Association. The Impact on Midterm Elections Democrats are considered favourites to take control of the US House of Representatives, currently controlled by Republicans, in the midterms. Success for Democrats would allow the party to seriously restrict Trump's agenda in the final two years of his term. The Future Outlook Trump assured those gathered that the administration had 'largely finished' the war 'one way or the other'. He vowed fertiliser and gas prices would come 'way down'.

Visa Approval Clears Path for Iran's World Cup Debut in the United StatesWhite House officials announced that Iran’s football players have been granted visas to enter the United States, a move made less than 10 days before their first Group G match in Los Angeles. The approval arrives amid a broader conflict between the two nations and follows reports that some technical staff still lack clearance.White House Confirmation of Visa Grants for Iran's PlayersAccording to a White House source, the visas were issued overnight after Abolfazl Pasandideh, Iran’s ambassador to Mexico, warned that the squad had not yet received travel documents. The Fars news agency later reported that visas for several members of the team’s technical and executive staff remain pending, with the US embassy refusing to issue them.Key Timelines and FiguresJune 15: Iran’s first Group G match against New Zealand in Los Angeles.Subsequent matches: Belgium (Los Angeles) and Egypt (Seattle).Base relocation: From Arizona to Tijuana, Mexico, due to visa complications.Key officials: Marco Rubio (U.S. Secretary of State) and Mehdi Taj (Iran Football Federation president, former Revolutionary Guard commander) denied entry for the tournament draw.Geopolitical Stakes of a War‑Torn Rival Competing on U.S. SoilThis World Cup marks the first time a host nation will face a country it is actively at war with. Both sides are using the tournament for political signaling: the United States has barred individuals linked to the Islamic Revolutionary Guard Corps, while Iran frames participation as a peace‑seeking gesture, with Pasandideh stating that playing on “enemy” soil demonstrates a desire for resolution.Future Outlook: Sports Diplomacy or Continued Tension?Analysts suggest the visa decision could open a narrow channel for sports‑based diplomacy, yet the lingering restrictions on staff and the broader diplomatic stalemate indicate that any goodwill may be short‑lived. Continued monitoring of visa approvals for future matches and post‑tournament negotiations will reveal whether the World Cup serves as a bridge or merely a temporary pause in US‑Iran hostilities.

The Visa Breakthrough Iran's World Cup players have been granted visas to enter the United States, a White House official told Reuters on Friday, just 10 days before their first match in Los Angeles. This development comes as a relief to the team, which had been facing uncertainty over their participation in the tournament. Background and Diplomatic Tensions Abolfazl Pasandideh, Iran's ambassador to Mexico, had said late Thursday that the squad had still not received their US visas. However, the White House official confirmed that the visas were granted overnight. This breakthrough allows Iran to participate in the World Cup, which is a significant event for the country's football fans. Logistical Adjustments Iran negotiated a last-minute move of the team's base from Arizona to Tijuana in Mexico due to visa issues and a growing feeling in Iran that the squad's presence in the US should be kept to a minimum. They are scheduled to land in Tijuana early Sunday morning. Upcoming Matches Iran are due to play their first Group G match on 15 June against New Zealand in Los Angeles, where they will then face Belgium on 21 June before taking on Egypt in Seattle on 26 June. Diplomatic Considerations The US has never formally said it did not want the Iran team to stay on its territory, ambassador Pasandideh said. However, secretary of state Marco Rubio told lawmakers Tuesday that the US would not allow Iran to include in their World Cup delegation individuals linked to the Islamic Revolutionary Guard Corps, a powerful branch of the Iranian armed forces. Several players in the Iran squad have completed mandatory military service with the group.

Lead: A High‑Stakes Showdown in MallorcaOn Friday 5 June 2026, the World Cup holders Spain welcomed European champions England at the Mallorca venue for a pivotal Group A3 encounter. The result will determine whether England clinches a place at the 2027 Women’s World Cup in Brazil with a game to spare. Team Line‑ups and Tactical Set‑upsSpain (4‑3‑3): Coll; Batlle, Paredes, León, Corrales; Caldentey, Guijarro, Putellas; López, Imade, Paralluelo.Subs: Rodríguez, Nanclares, Méndez, Carmona, Codina, Serrajordi, Bonmatí, Benítez, González, Del Castillo, Navarro, Pina.England (4‑3‑3): Hampton; Bronze, Wubben‑Moy, Morgan, Greenwood; Toone, Walsh, Stanway; Hemp, Russo, James.Subs: Moorhouse, Baggaley, Le Tissier, Carter, Charles, Fisk, Kendall, Mead, Park, Godfrey, Blindkilde, Kelly.Referee: Ivana Martincic (Croatia). Group A3 Standings and Qualification ScenariosEngland enter the match with a perfect record in the group and need at least a draw to guarantee qualification.Spain, as current World Cup holders, aim to retain momentum and keep qualification hopes alive.A win for England secures their spot with a game to spare; a loss could force a playoff depending on other results. Implications for the Women’s World Cup LandscapeThe outcome will shape the narrative heading into the tournament in Brazil. An early qualification for England would allow them to focus on preparation, while a setback could inject urgency into their final group match. For Spain, maintaining dominance reinforces their status as defending champions and could boost confidence ahead of the World Cup. Looking Ahead: What the Result Means for Spain and EnglandShould England hold on for a draw or win, they will enter the World Cup with momentum and strategic flexibility. Conversely, a Spanish victory would not only keep their qualification hopes alive but also signal a potential power shift in European women’s football, setting up a compelling storyline for the finals.

The Policy Initiative Andy Burnham has said he would consider cutting some employers’ national insurance contributions, and proposed a cut to business rates for pubs and small, family-run enterprises, in his first significant policy initiative during the Makerfield byelection. The Business Rates Proposal Burnham’s plans amount to a notable criticism of Keir Starmer’s policies in these areas. In his announcement on business rates, the Greater Manchester mayor said: “Labour have got it wrong on small businesses.” Pubs, clubs and music venues would receive a 20% cut next year Smaller, independent hospitality, leisure and retail companies would have the threshold for paying business rates raised for the first time since 2017 The Impact Analysis The cuts would be paid for, according to the proposal, by higher levies on giant warehouses operated by online firms such as Amazon, and targeting the owners of empty high street properties. “I am willing to be honest about where we have fallen short and say that my party has got this wrong in government,” Burnham said in the statement. “They have undervalued the contribution these businesses make to our livelihoods and our communities. The Prediction Burnham is hoping to return to Westminster in the byelection on 18 June, a contest triggered after the sitting MP, Josh Simons, stepped aside in the hope that the Greater Manchester mayor would take his place and go on to challenge Starmer for the Labour leadership. Speaking during a BBC Question Time special on Thursday evening, Burnham confirmed that this was his intention if elected. He said the former health secretary Wes Streeting appeared to want to challenge Starmer, and if that happened “I would seek to join it”.

The federal government of Somalia declared on Friday that order has been restored in the capital after two days of intense fighting that paralysed key districts and caused a humanitarian crisis. Government Announces Restoration of Order in Mogadishu Violence erupted on Wednesday near the residence of former Prime Minister Hassan Ali Khaire and quickly spread to the home of former President Sheikh Sharif Sheikh Ahmed. By Friday the Ministry of Information, Culture and Tourism announced that the districts of Abdiaziz and Hawlwadag were calm and that civilians were returning to daily life. Humanitarian Toll and Economic Losses Quantified 13 people killed 189 wounded Approximately 12,500 households displaced Economic damage to businesses and services estimated at $3.8 million The United Nations refugee agency highlighted the severe humanitarian impact, noting that many residents remained trapped in their homes despite the official calm. Political Stakes: President Mohamud’s Term Extension vs Opposition The clashes stem from a dispute over President Hassan Sheikh Mohamud's contested term extension. The president claims parliament lawfully extended his mandate, while opposition leaders argue it is a power grab. Both Khaire and Sharif have been leading calls for timely elections, and their attempts to organise protests became flashpoints for the violence. Outlook: Election Prospects and Security Outlook UN officials warn that the humanitarian situation remains fragile, and clan‑elder mediation that halted the fighting may only be a temporary fix. Analysts expect renewed pressure on the government to schedule national elections, which have not been held directly since the 1960s. Continued security lapses could reignite unrest, especially if opposition demands are not addressed.

The United States Senate has cleared a $70 billion funding bill for Immigration and Customs Enforcement (ICE) and Customs and Border Patrol (CBP), fulfilling a key request of President Donald Trump and positioning the measure for a House vote.Senate Clears $70 bn ICE Funding Bill via Budget ReconciliationRepublicans, holding a 53‑seat majority, used the budget‑reconciliation process to bypass the 60‑vote filibuster threshold. The maneuver allowed the bill to pass early Friday morning despite intense Democratic opposition and a protracted “vote‑a‑rama” that featured rapid‑fire amendments on unrelated issues.Financial Scale of the New Funding and Prior Allocations$70 bn allocated to ICE and CBP for the remainder of Trump’s term.$170 bn already earmarked for the agencies in a 2025 tax bill.The combined funding exceeds $240 bn, representing a massive fiscal commitment to immigration enforcement.The bill follows a partial funding package that ended a 76‑day Department of Homeland Security shutdown in April.Implications for Immigration Policy and Congressional DynamicsThe approval signals broad Republican support for immigration enforcement, even as internal party tensions persist over other Trump‑related spending requests (e.g., the White House ballroom security and the controversial “anti‑weaponisation” fund). Democrats continue to oppose further ICE funding, citing incidents such as the January killings of two U.S. citizens by ICE and Border Patrol agents in Minneapolis.The move also highlights the strategic use of reconciliation to advance high‑profile spending without bipartisan backing, a tactic that may shape future legislative battles.What Lies Ahead: House Vote and Potential Political FalloutWith a narrow 217‑212 Republican majority in the House, leaders expect the bill to be taken up next week and likely passed. If approved, it will proceed to President Trump’s desk for signature.Potential flashpoints include:Continued Democratic criticism that the funding fuels a “mass deportation drive” increasingly unpopular with voters.Possible leverage by GOP moderates seeking concessions on unrelated priorities, such as infrastructure or fiscal restraint.Should the House stall or amend the bill, the Senate’s reconciliation advantage could be nullified, forcing a renewed showdown.

The Lead Tehran, Iran – In the popular Bastan market in the west of the Iranian capital, where the inviting smell of fresh bread and fruit mingle with the sight of colourful fabrics and clothing, the scene no longer holds its usual joy. Passersby wander among the vendors' stalls, carefully turning goods over only to return them to their places. Everyday Survival in a Hyperinflation Economy "Daily shopping trips have turned into something resembling a reconnaissance mission to find out the new prices," says Mashhadi Firouz, a 63-year-old retiree. "A year ago, a kilo of rice was about 1.8 million rials ($1.31), but today it has crossed the 5-million-rial ($3.63) threshold." Similarly, a bottle of cooking oil has increased from 700,000 rials ($0.51) to more than 3 million rials ($2.18). Fatima, 46, a housewife and mother of three, explains: "I now go to the market three times a week instead of once, not because I need anything, but to see if there is a seller who has goods at a lower price." She adds, "Red meat has become a dream, chicken has become a mere guest on our table, and I have even started counting eggs one by one." The Economic Statistics Behind the Crisis A new report by the Central Bank of Iran revealed a historic jump in the annual inflation rate, reaching 77.2 percent year-on-year in the period between April 21 and May 20, with a monthly increase of 8.5 percent. Furthermore, point-to-point inflation for goods reached 113 percent. This is Iran's highest inflation rate since 1942, during World War II. The Perfect Economic Storm Arman Khaleghi, head of Iran's Chamber of Commerce, Industries and Mines, points to what he describes as a "perfect economic storm" of five factors that have all poured down simultaneously on the Iranian economy. These include: the elimination of the preferential currency, protests at the beginning of the year, the [US-Israeli] "Ramadan War," annual increases in wages and energy prices, and finally the naval blockade that hindered import and export chains. War's Impact on Consumer Behavior "With the outbreak of the war, people rushed to hoard basic goods, such as food and detergents," explains Khaleghi. "Demand jumped despite there being no real shortage in the markets, and this feverish rush alone is enough to drive up prices." The damage inflicted on primary industries, led by petrochemicals, has driven up packaging costs for the food, pharmaceutical and detergent industries, transmitting the contagion of inflation from the factory to the store shelf. The Maritime Blockade's Effect The maritime blockade has made travelling to Iran a perilous mission for cargo ships. "Even the mere news of a ship being targeted immediately raises prices, let alone the existence of actual difficulties and palpable shortages that have forced the search for more expensive alternative land routes," states Khaleghi. The Wage Paradox "The decision to raise wages and salaries was intended to compensate for the effects of the removal of the preferential currency rate and to preserve the purchasing power of the working class," explains Khaleghi. "However, the increase, which seemed substantial on paper, proved entirely insufficient in reality. The result is a sharp decline in real purchasing power, which begins by devouring household savings, then preys on health, medical, and education budgets, until it ultimately impacts daily sustenance." The Vicious Cycle of Economic Decline Khaleghi warns of a vicious cycle closing in on the economy: "We are in a situation where the state itself is bearing the brunt of the economic slowdown. Tax revenues, which were supposed to offset part of the cost of the preferential currency reforms, are also shrinking. Thus, we are faced with an impossible equation: the citizen's income is melting away, the state's income is eroding, and prices continue to soar to heights unseen in decades." Standing on the Edge of an Economic Iceberg "You would think the market is alive, but it is clinically dead," says Reza, 47, a shop owner. "People come here because the market is the last free place for entertainment. They wander aimlessly, remembering the days when they used to enter shopping malls and leave with bags that filled their car trunks." Mahmoud, 37, a lecturer at a private university, offers a historical perspective: "The country used to cover its wounds with petrodollars, and now that the effect of the anaesthetic has worn off, all the ailments have surfaced at once." He adds, "What worries me is not just the price hikes, but the experts' estimates of the consequences of flawed economic policies that have not yet emerged, because they have effectively hidden behind the noise of the war. This means we are standing on the edge of an iceberg; what we see now is only the tip."