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Oil prices experienced a significant surge, rising more than $5, after President Donald Trump stated that the United States would continue its military operations against Iran. This development has heightened investor concerns about potential sustained disruptions to global oil supplies.Brent crude futures saw a notable increase, rising $6.33, or 6.3%, to $107.49 per barrel early on Thursday. Similarly, US West Texas Intermediate crude futures were up $5.28, or 5.3%, to $105.40 per barrel. These gains followed an earlier decline of more than $1 in both benchmarks prior to Trump's televised address to the nation.The recent escalation in tensions between the US and Iran has led to the closure of the Strait of Hormuz by Iran, in retaliation for the US-Israeli attacks. This strategic move has disrupted approximately one-fifth of global oil and liquefied natural gas (LNG) supplies, precipitating the world's most significant energy crisis in decades.Trump emphasized that the US military is nearing its objectives in the conflict, which he expects to conclude within two to three weeks. His remarks have contributed to increased uncertainty in financial markets.Asian stocks were severely impacted following Trump's speech. Most Southeast Asian countries, which heavily rely on oil imports, are particularly vulnerable to the sharp rise in oil prices triggered by the Middle East conflict. The MSCI gauge of EM Asia equities experienced a 2.3% decline, while regional currencies weakened by 0.2%.Notably, South Korea's main stock market, the Korea Composite Stock Price Index (KOSPI), plummeted by 4.2% after initially gaining nearly 2%. South Korean President Lee Jae Myung urged parliament to promptly pass a 26.2 trillion won ($17.3bn) supplementary budget to bolster the economy during what he described as the worst energy security threat caused by the Middle East crisis.Other Asian markets also saw significant declines, with Singapore's main stock market, the Singapore Exchange (SGX), slipping 0.8%, and Malaysia's benchmark index falling 1%. Markets in Indonesia and Taiwan declined by about 1% and 1.4%, respectively. Stocks in China and Hong Kong also fell, with the benchmark Shanghai Composite index dropping 0.53% and China's blue-chip CSI300 Index losing 0.74%.

A magnitude 7.4 earthquake erupted in the Northern Molucca Sea off the coast of Ternate, Indonesia, resulting in at least one fatality and an initial tsunami alert that was later rescinded.The United States Geological Survey (USGS) clarified that the tremor, first reported as magnitude 7.8, actually occurred at a depth of 35 km, deeper than the early estimate of 10 km. Apart from the confirmed death, no other immediate injuries were reported.The quake’s epicentre lay roughly 120 km (75 mi) from Ternate in the North Maluku province, prompting local authorities in Ternate and nearby Tidore to ready evacuation plans. Metro TV broadcast footage of damaged structures across the area.In Manado, North Sulawesi, a building collapse buried a resident, leading to the sole confirmed death; a rescue official added that another person sustained a leg injury.The Hawaii‑based Pacific Tsunami Warning Center (PTWC) warned of potentially hazardous waves within a 1,000‑km radius, affecting coastlines of Indonesia, the Philippines and Malaysia.Within thirty minutes, Indonesia’s BMKG agency recorded wave heights of up to 75 cm in North Minahasa and 20 cm in Bitung, both on Sulawesi’s northern shore, with an additional 30 cm rise in North Maluku.Just over two hours after the event, the PTWC lifted the tsunami warning, declaring that the threat had passed.Indonesia’s position on the Pacific Ring of Fire makes it especially vulnerable to such seismic activity, underscoring the importance of rapid monitoring and public‑safety measures.

Thousands of Iranians assembled in Tehran for the funeral of senior IRGC naval commander Alireza Tangsiri, who was killed in an Israeli strike, vowing steadfast resistance even as the United States issued stark warnings.The ceremony took place on the 47th anniversary of the Islamic Republic, a milestone that marks the 1979 revolution that ended the centuries‑old monarchy.This year’s commemoration carries added weight as the capital endures relentless U.S.-Israeli bombardments that began on February 28."This war has lasted a month. No matter how long it takes, we will keep fighting," declared Moussa Nowruzi, a 57‑year‑old pensioner, adding, "We will resist until the end."Among the mourners, a young boy brandished a sign reading "Revenge", while massive Iranian flags fluttered as crowds filled Enghelab Square, the heart of the city named after the revolution.Chants of "God is greatest, Khamenei is the supreme leader" echoed through the square, and a man was seen sobbing in the arms of a woman dressed in black.Participants also honored relatives lost in the conflict, their faces displayed on placards, as Tangsiri’s coffin was carried slowly through the gathering.Tangsiri, one of the IRGC’s longest‑serving senior officers, was credited with orchestrating the closure of the Strait of Hormuz to vessels aligned with the United States and Israel during the ongoing war.Later that day, U.S. President Donald Trump addressed the nation on television, reiterating that the war was inevitable and that America intended to "finish the job" in Iran.Trump previously claimed that Iran’s president had sought a truce—a statement Tehran denied—and warned that bombardments would continue until the Hormuz waterway was "open, free, and clear."Funeral attendees dismissed the president’s threats. "We have heard Trump say things that even the American public finds confusing," said Homa Vosoogh, 36, adding, "His statements do not affect us."Government employee Mohammad Saleh Momeni echoed the sentiment, asserting that Trump "cannot translate his words into action" and reaffirming their loyalty to Iran’s leadership.While the United States and Israel initially framed their campaign as a push for regime change, Trump’s stance has since wavered.According to the report, air strikes have claimed the life of Supreme Leader Ayatollah Ali Khamenei, who led Iran for 36 years, yet the governing structure remains functional, retaining its missile and drone capabilities.Portraits of the late leader and his son Mojtaba Khamenei, who has yet to appear publicly, dominate public spaces throughout Tehran."They believe killing our commanders will weaken us, but it will not," Momeni asserted, describing the adversaries’ misconceptions.Despite a wave of anti‑government protests that peaked in January, a segment of the population continues to harbor hopes for political reform.

Ramesh Kumar, a 42‑year‑old wheat farmer in Gurdaspur, Punjab, India, is already recalculating his budget as fertiliser prices climb and deliveries become erratic.He worries that higher input costs could force him to postpone his daughter’s wedding, delay school fees for his children, or even cut back on the amount of fertiliser he applies – a decision that could lower his harvest.While the conflict between the United States, Israel and Iran unfolds thousands of kilometres away, its ripple effects are felt in the fields of Punjab, Kashmir, Pakistan’s South Punjab, Bangladesh’s Rangpur and Nepal’s Gulmi district.The Strait of Hormuz, a narrow chokepoint linking Gulf oil and gas producers to global markets, handles roughly one‑fifth of the world’s oil and LNG shipments. Disruptions here delay the flow of natural gas used to produce nitrogen‑based fertilisers, inflating freight, insurance and ultimately fertiliser prices.South Asia, home to nearly two billion people, depends heavily on fertiliser‑intensive agriculture. In India, the sector is worth about $400 billion and employs over 46 % of the workforce; in Pakistan, it contributes close to 20 % of GDP; Bangladesh’s agriculture accounts for 12‑13 % of GDP; and Nepal relies on agriculture for roughly 24 % of its economy.Between 30 % and 35 % of India’s fertiliser imports, and up to 25‑30 % of Pakistan’s, Bangladesh’s, and Nepal’s imports, travel through routes that pass the Strait of Hormuz. Any prolonged blockage could therefore strain supply chains across the region.Governments are attempting to reassure farmers. Indian Prime Minister Narendra Modi announced expanded domestic production of urea, DAP and NPK, as well as the rollout of “Made‑in‑India Nano Urea” and solar‑powered irrigation under the PM Kusum scheme.Pakistan’s federal secretary for agriculture highlighted proactive monitoring, increased domestic urea and DAP output, and measures to keep fertiliser affordable.Bangladesh plans to import 500,000 tonnes of urea in the short term and is exploring alternative sources from China and Morocco, while Nepal’s agriculture ministry says supplies for the upcoming rainy season are secured, though it warns of possible shipment delays.On the ground, farmers are already adjusting. In Kashmir, mustard grower Ghulam Rasool says he reduces fertiliser use as soon as price signals rise, even before actual shortages appear. In Pakistan’s South Punjab, wheat farmer Muneer Ahmad fears higher costs will affect the entire community. In Bangladesh, Mohammad Ibrahim notes that fertiliser availability is becoming unpredictable, and in Nepal, Meghnath Aryal worries that delayed deliveries will hurt crop yields.These individual decisions have broader implications. Reduced fertiliser application can lower yields, which in turn pushes up food prices—a critical concern in a region where households allocate a large share of income to food.While no immediate shortage has been declared, the combination of higher global energy prices, logistical bottlenecks and geopolitical risk makes the situation volatile. Authorities in all four countries are urging farmers to supplement chemical inputs with organic alternatives such as manure, compost and green manuring.For Ramesh Kumar and millions of his peers, the distant Gulf crisis is not an abstract geopolitical story; it is a daily calculation of whether they can afford to feed their families and meet essential expenses.

Spain's coastal towns are taking proactive measures to prepare for tsunamis, a threat that has been historically underestimated. The town of Chipiona, located on the Atlantic coast, has become Spain's first 'tsunami-ready' community, recognized by the Intergovernmental Oceanographic Commission (IOC) of UNESCO in 2024. Chipiona's mayor, Luis Mario Aparcero Fernández, emphasizes the importance of public awareness and education in tsunami preparedness. The town conducts annual evacuation drills, and information boards have been installed to inform residents and tourists about what to do in case of a tsunami. The town's tsunami-ready status is part of a larger regional goal to establish 25 tsunami-ready communities by the end of this year and prepare all communities at risk by 2030. Jorge Macías, a tsunami modeller at the University of Málaga, stresses that preparedness is key, as the Mediterranean will experience a tsunami of at least a metre in height in the next 30 to 50 years with '100% certainty'. Spain's national tsunami warning system can detect an offshore earthquake and compute an initial assessment within three to five minutes. However, in the Mediterranean, this may leave only minutes to evacuate. Juan Vicente Cantavella, the director of the National Tsunami Warning System in Spain, notes that tsunami wave height is often underestimated, and even small waves can cause significant damage. Despite progress in some areas, much of the Costa del Sol remains in the earlier stages of planning, with sparse public signage and unclear evacuation routes. Miriam García, a geomorphologist and urban planner, highlights the vulnerability of Spain's Mediterranean coast, which was built without considering tsunami risks. The article concludes that preparedness is not about predicting the day and time of a tsunami, but about choosing not to be surprised when nature eventually repeats what history and geology say it will.

The recent visit of Anthropic's CEO Dario Amodei to Canberra has sparked a critical examination of the role of AI in society. Amodei, known for his 'progressive' approach to AI, has been promoting a vision of a future where AI transforms the economy and improves lives. However, the author of the article argues that this vision may not be as progressive as it seems. The risks associated with AI, such as job displacement, cultural homogenization, and potential harm to individuals, cannot be ignored. The article highlights the concerns of experts like Toby Walsh, who notes that AI is both good and bad, and that its impact depends on how it is used and regulated. The author, Peter Lewis, questions his own progressive credentials and argues that the unchecked development of AI threatens to undermine the very notion of progress. He suggests that the government should slow down the development of AI and establish guardrails to prevent its negative consequences. The article cites examples of experts and politicians, such as Bernie Sanders and Alexandria Ocasio-Cortez, who are calling for a moratorium on the development of new datacenters. The author argues that this cautious approach is necessary to ensure that AI is developed in a way that benefits society as a whole, rather than just a select few. Ultimately, the article concludes that the future of AI must be shaped by a nuanced and informed discussion about its potential risks and benefits. The author argues that only by slowing down the development of AI and establishing clear regulations can we ensure that its impact is truly progressive.

President Donald Trump has announced a new policy threatening to impose 100% tariffs on US pharmaceutical companies that do not agree to lower their drug prices. This move is part of his effort to address the high cost of prescription medications in the US.The tariffs will specifically target branded drugs and their active ingredients, while generic drugs, which account for over 90% of medicines sold in the US, will be exempt for at least one year. Additionally, certain specialty drugs, such as orphan, veterinary, and other specialty drugs, will be exempt if they are from countries with which the US has a trade deal or meet urgent public health needs.Drugmakers that enter into pricing agreements with the White House and onshore drug production will be exempt from the tariffs. Companies planning to increase their domestic manufacturing will face a 20% tariff that will escalate to 100% over four years.The policy has been met with criticism from industry groups, such as the Midsized Biotech Alliance of America (MBAA), which argues that it creates an "unfair two-tiered system" that benefits large companies with diversified portfolios.Trump has been under pressure to lower drug prices, with US patients often paying nearly triple what patients pay in other developed nations. The announcement comes as the White House faces pressure from consumers to address rising costs amid other tariff-related price increases and high gas prices triggered by geopolitical tensions.

Former Labour adviser Polly Billington – who served under Gordon Brown – has urged Prime Minister Keir Starmer to organise a global energy summit of the scale and urgency that marked the UK’s 2008 financial‑crisis intervention. She argues that the fallout from the US‑Israeli war on Iran is creating an energy shock “as big as the financial crash”, demanding a response of equal magnitude. Billington warned that the economic pain from soaring energy prices is “hurtling down the tracks”, threatening living standards and providing fertile ground for extremist politics. She stresses that the price surge will be neither temporary nor confined to a single region. While she praised the government’s initiative to bring together 35 nations to discuss reopening the Strait of Hormuz, Billington insists that a broader, coordinated effort is required to stabilise energy markets, protect supply chains, and accelerate the transition away from fossil fuels. “We could be bringing together allies to agree emergency cooperation to stabilise energy markets, protect supply chains, coordinate strategic reserves, and accelerate the global transition away from fossil fuels,” she told The Guardian. “Energy security is inseparable from global security; otherwise we face a ‘Hunger Games’ world of resource conflict, scarcity and coercion.” Her call comes amid growing unease among Labour MPs who fear the government is under‑reacting to the domestic impact of the war. Rising petrol prices, higher energy bills and inflation are already prompting concerns about electoral repercussions. At a recent press conference, the Prime Minister announced that the Treasury is drafting targeted support for households most affected by energy costs, should the conflict persist. Yet opposition parties are pushing divergent solutions: Reform UK and the Conservatives advocate increased domestic drilling, the Liberal Democrats propose a 10p fuel‑duty cut and VAT relief for electric‑vehicle charging, while the Greens call for universal energy‑bill support. The Scottish National Party demanded an emergency parliamentary recall, accusing the government of “sleepwalking into a crisis”. Billington argues that a true “war‑footing” approach must focus on reducing Britain’s reliance on fossil fuels. She praises the Treasury’s decision to avoid a blanket bailout, suggesting instead that households install plug‑in solar panels on balconies and gardens – likening them to Anderson shelters in the Second World War – to bolster collective resilience and lower bills. She adds that no policy option should be dismissed as “too radical”, urging the government to consider all measures that could cut exposure to gas and oil. Another Labour MP echoed the sentiment, stating that merely highlighting bill reductions is insufficient when headlines indicate that prices are set to rise sharply due to the Iran conflict. “I want to hear a concrete Labour plan,” he said. On Thursday, Liberal Democrat leader Ed Davey branded the rising fuel costs a “Trump‑Farage‑Badenoch tax”, calling for immediate action to mitigate the economic fallout of the war and keep Britain moving.

TikTok announced the removal of a high‑profile Israeli far‑right influencer’s account after The Guardian identified videos in which he assaulted left‑wing activists in the occupied West Bank. The platform said the content breached its community guidelines on hate speech and bullying. The influencer, identified as Roi Star, posted footage in January showing himself entering a house used by activists in Ras Ein al‑Auja and using pepper spray on a protester who tried to stop him. In the same clip, he shouted, “This is Judea, not Palestine,” and later threatened to disclose personal details of the activists and their families. When contacted, Star claimed he was “talking about peace” and argued that the area was an open Israeli public space, insisting that his use of pepper spray was the “most minimal” defensive measure. He later described the incident as “acting” and said his intentions were not “extreme.” TikTok’s statement emphasized that its policies prohibit “violent and hateful individuals, including extremist praise or glorification,” and that the account was taken down for breaching these rules. The company also said it had removed additional videos linked to other Israeli far‑right agitators, though it did not disclose further details. The incident occurs against a backdrop of rising far‑right activity on social platforms since the Gaza war began in October 2023. Israeli forces and settlers have been responsible for the deaths of over 1,000 Palestinians in the West Bank, and recent weeks have seen an escalation of attacks on homes and activists. Human‑rights groups warn that the online amplification of such content fuels real‑world violence. Yuli Novak, executive director of B’Tselem, said dehumanising Palestinians has become “mainstream in Israel,” while digital‑media scholar Prof. Anat Ben‑David highlighted the “troubling convergence between platform dynamics and on‑the‑ground violence.” Activists on the ground report a profound psychological impact, with one resident of Masafer Yatta noting that the videos heighten fear among Palestinians living under daily settler attacks. The phenomenon mirrors the rhetoric of Israel’s far‑right politicians. In August 2025, National Security Minister Itamar Ben‑Gvir faced criticism for posting a video taunting Palestinian leader Marwan Barghouti, while Knesset member Zvi Sukkot was filmed denying settler violence in the West Bank, framing the settlement enterprise as a biblical right. Meta’s Instagram continues to host numerous accounts linked to similar agitators, though the company has not responded to requests for comment. Experts argue that while platform policies technically forbid hate‑speech, their vague language allows harmful content to spread unchecked, underscoring the need for stronger enforcement to curb the digital propagation of extremist narratives.