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The ongoing conflict in Iran has led to a significant increase in oil prices, with the world's top 100 oil and gas companies reaping enormous profits. In the first month of the war, these companies banked more than $30m every hour in unearned profit, according to exclusive analysis for the Guardian. This translates to estimated windfall profits of $23bn for the month of March, with Saudi Aramco, Gazprom, and ExxonMobil among the biggest beneficiaries.The surge in oil prices to an average of $100 (£74) a barrel has resulted in a substantial increase in profits for these companies. If the oil price continues to average $100, the companies are expected to make $234bn by the end of the year. The analysis uses data from a leading intelligence provider, Rystad Energy, analysed by Global Witness.The excess profits come from the pockets of ordinary people as they pay high prices to fill up their vehicles and power their homes, as well as from businesses incurring higher energy bills. Dozens of countries have cut fuel taxes to help struggling consumers, but this has resulted in reduced revenue for public services.Pressure is growing for windfall taxes on the war profits of oil and gas companies, with the European Commission considering a request from the finance ministers of Germany, Spain, Italy, Portugal, and Austria. The ministers argue that this would help ease the burden on the general public and finance temporary relief measures.Aramco is expected to make a war profit of $25.5bn in 2026 if the oil price averages $100. This is on top of the huge profits habitually made by the majority state-owned Saudi company – $250m a day between 2016 to 2023. ExxonMobil, which has a long record of denying climate change, will take in $11bn in unearned war profits in 2026 if the $100 price endures.The impact of the Iran war is likely to be long lasting, with the head of the International Energy Agency, Fatih Birol, describing it as the biggest shock ever to the global energy market. The UN's climate chief, Simon Stiell, warned that fossil fuel dependency is ripping away national security and sovereignty, and replacing it with subservience and rising costs.

Ukraine and Germany have agreed on a strategic defence partnership that will enhance cooperation in drone production and bolster Kyiv's air defences. Ukrainian President Volodymyr Zelenskyy and German Chancellor Friedrich Merz announced the deal at a news conference in Berlin.The partnership will grant Germany access to Ukraine's advanced drone technology, developed during its conflict with Russia, in exchange for additional military support from Germany. This cooperation will cover various types of drones, missiles, software, and modern defence systems.In a joint declaration, the two countries stated they will strengthen cooperation in the air defence field. Germany will support Ukraine's drone industry and establish drone co-production ventures. The German defence ministry has agreed to fund contracts for several hundred Patriot missiles from the United States, which Ukraine urgently needs to counter nightly Russian drone and missile attacks.Ukrainian Defence Minister Mykhailo Fedorov expressed gratitude to his German counterpart, Boris Pistorius, for the package, which he valued at four billion euros ($4.7 billion). This funding will provide a massive boost for Ukraine's air defence, protecting its cities and critical infrastructure.Ukraine currently has the production capacity to manufacture twice as much military equipment as it is deploying but lacks the necessary funding. President Zelenskyy emphasized that financial constraints hinder Ukraine's ability to scale up production.German Chancellor Merz noted that the deal is mutually beneficial, citing Ukraine's battle-tested military as a valuable asset for European security. The agreement also includes the exchange of digital combat data for developing new weapons systems.The announcement comes as hopes rise that the European Union may soon provide Ukraine with a 90-billion-euro ($105bn) loan, which was blocked by Hungary last month. With the recent election of Peter Magyar in Hungary, who is expected to reverse this stance, Ukraine's financial prospects are improving.The urgency of Ukraine's need for additional arms was highlighted by a missile attack on the city of Dnipro, which killed four people and injured at least 21. Russian troops have also captured territory in the Dnipropetrovsk region and launched attacks in the city of Kherson.

The stage is set for a thrilling encounter at the Allianz Arena in Munich, Germany, as Bayern Munich hosts Real Madrid in the second leg of their UEFA Champions League quarterfinal matchup. The German side holds a 2-1 aggregate lead, making Real Madrid's task even more daunting.Real Madrid's season has been a rollercoaster, with the team struggling to find consistency. Despite their recent 1-1 draw against Girona in La Liga, which has effectively ended their title hopes, they must now focus on overcoming Bayern Munich. The Spanish giants have had a remarkable history in the Champions League, having won the competition 14 times, a record in the tournament.Bayern Munich, on the other hand, has been in stellar form, extending their lead to 12 points at the top of the Bundesliga table with a 5-0 win over St Pauli on Saturday. Their star striker, Harry Kane, is expected to return after sitting out the league match due to a minor injury.The most pressing concern for Real Madrid is the facial injury sustained by Kylian Mbappe in training. However, given his importance to the team and the significance of the match, it's likely that he will be patched up to play. Mbappe has been in exceptional form, leading the Champions League scorers' list with 14 goals this season.In terms of team news, Bayern Munich will be without Lennart Karl and Sven Ulreich due to injuries, while Serge Gnabry has a minor knee problem but is expected to be available. Real Madrid will be without Thibaut Courtois, Rodrygo, and Aurelien Tchouameni due to injuries and suspensions.This matchup between two European giants is the most played fixture in Champions League history, with 29 meetings between the sides. Real Madrid has won 13 matches, while Bayern Munich has emerged victorious on 12 occasions.

Ghana has named Portuguese veteran Carlos Queiroz as head coach of the men’s national team, a move made less than two months before the kickoff of the 2026 FIFA World Cup.The Ghana Football Association (GFA) announced that Queiroz will assume immediate responsibility for the squad’s tournament preparations, working alongside key stakeholders to finalize the roster.“The Executive Council of the Ghana Football Association, working with all key stakeholders, has appointed Carlos Queiroz as head coach of the senior national team, the Black Stars,” the GFA said in an official statement.At 73, Queiroz recently departed his role as Oman’s manager after the side failed to qualify for the World Cup, but his appointment marks his fifth consecutive World Cup appearance, this time guiding Ghana.Ghana found itself without a coach 72 days before the tournament after parting ways with Otto Addo following friendly defeats to Austria and Germany in March.Queiroz’s World Cup résumé includes leading Portugal to the round of 16 in 2010 and steering Iran through three editions, recording three wins in 13 matches.Born in Mozambique, the former goalkeeper has also managed Egypt, Japan, Colombia and South Africa, and previously helmed Portugal in the early 1990s.“This is not just another job – it is a mission,” Queiroz said. “I am ready to give everything of my experience and knowledge once again, in service of the game and the happiness of people.”He was chosen from more than 600 local and foreign applications because of his extensive World Cup experience.Ghana have been drawn into Group L alongside Croatia, England and Panama.The Black Stars will fine‑tune their tactics in warm‑up matches against Mexico on May 22 and Wales on June 2.

Israeli ambassador to Germany Ron Prosor publicly rebuked far‑right finance minister Bezalel Smotrich for a recent tirade aimed at Chancellor Friedrich Merz, stating that the remarks “erode the memory of the Holocaust.”Smotrich invoked Nazi‑era language, claiming Merz should bow and apologize repeatedly, and likened the Hamas attackers of October 7, 2023 to all Palestinians, prompting widespread condemnation.The controversy follows Merz’s outspoken criticism of Israel’s settlement expansion in the occupied West Bank and his call for a halt to Israeli military exports that could be used in Gaza, underscoring a deepening diplomatic rift.Prosor stressed that political debate with Germany is legitimate but affirmed that Merz remains “a great friend of Israel” and that Germany continues to be Israel’s “number one friend” despite occasional disagreements.Berlin frames Israel’s security as a cornerstone of its post‑Holocaust foreign policy, yet recent months have seen Israeli officials bristling at even cautious German criticism, especially regarding settlement projects and the prospect of a de facto annexation of the West Bank.Senior analyst Mairav Zonszein of the International Crisis Group warned that Israel’s repeated attacks on German statements defending Palestinian rights risk alienating its strongest European ally, urging Berlin to reassess its support for policies that conflict with its own human‑rights standards.

Nicky Henderson, 75, has spent nearly five decades shaping British racing, yet the saga of his star gelding Constitution Hill still makes him pause. After a sun‑lit afternoon in Lambourn, the trainer watched the usually placid horse stroll into his stable, a stark contrast to the drama that has defined the horse’s recent career.Henderson, speaking alongside owner Michael Buckley, emphasized the personal bond they share with the animal, calling him “more a pal than a beast” and noting his unique appeal to the public.Constitution Hill burst onto the scene with a ten‑race winning streak, highlighted by a dominant 2023 Champion Hurdle victory at Cheltenham. Experts briefly hailed him as one of the greatest hurdlers of all time, lauding his speed and precision over obstacles.That dominance vanished almost overnight. The gelding began to experience what Henderson likened to a golfer’s “yips”, falling in three of his last four hurdle races. Even a race at Punchestown where he stayed upright ended in a “disconcertingly tame display”, according to Timeform, which had previously ranked him the best hurdler of recent decades.Plans for a Cheltenham return were scrapped, and the team pivoted to flat racing. Constitution Hill delivered two striking victories at Southwell and Kempton in early 2026, drawing crowds of all ages. Henderson said the flat races felt like a “glorious celebration”, and the horse’s performance on the flat has been “brilliant”.His newfound flat success has sparked global interest. Henderson received invitations from racetracks worldwide, though he dismissed wild speculation about the Melbourne Cup as “the least likely of the lot”. Instead, a more measured approach is being considered, with the John Porter Stakes at Newbury on the agenda if the ground suits.“It’s not everybody’s idea of the most sensible race for him,” Henderson admitted, but added that a second year of racing could still be on the cards. He stressed that the horse’s safety and public enjoyment remain paramount.When asked why Constitution Hill lost his jumping confidence, Henderson cited several factors, including the introduction of new padded hurdles, which the horse disliked. He also mentioned a series of well‑meaning consultants—from Australian “gurus” to renowned equestrian coach Yogi Breisner—none of whom could reverse the decline.Despite the setbacks, the horse’s flat form has been a commercial boon. Henderson reported an 800% surge in ticket sales at Southwell compared with the previous year, illustrating the public’s fascination with the “ridiculous horse that can’t stand up”.Looking ahead, Henderson is entertaining a range of international options: the French Prix du Cadran, the Irish St Leger, and even potential programs in Germany and the United States. Yet he remains realistic about travel logistics, noting that Constitution Hill requires companion horses for long trips.In the trainer’s words, “You’ve got to have fun,” and with Constitution Hill’s current trajectory, the aim is to bring that joy back to racing while navigating the horse’s unique needs and the sport’s evolving landscape.

The US naval blockade of Iranian ports in the Gulf has taken effect, marking a significant escalation in the ongoing conflict between the US-Israeli coalition and Iran. The blockade, which began on Monday at 5:30 pm Iranian time, applies to any ships entering or departing Iranian ports or coastal areas.US Central Command (Centcom) did not make a formal announcement, but the move is seen as a test of economic endurance for both nations. The blockade aims to restrict Iran's oil exports and imports, potentially costing the country approximately $276 million a day in lost exports and disrupting $159 million a day in imports, according to Miad Maleki, a former US treasury official.Iran has warned that the blockade will lead to higher petrol prices, which could impact ordinary Americans. The country's parliamentary speaker, Mohammad Bagher Ghalibaf, taunted the US, saying Americans would soon be nostalgic for $4-$5 gas. The current average petrol price in the US is $4.13 a gallon, up from $2.98 before the conflict began.The conflict has also drawn in other nations, with France planning to organize a conference to create a multinational mission to restore navigation in the Strait of Hormuz. However, Germany, Spain, Italy, Poland, and Greece have ruled out sending naval forces to support the blockade. The UK has also stated that it does not support the blockade and will not be drawn into the war.The situation remains volatile, with Iran threatening to retaliate if its ports are threatened, and the US warning that any Iranian attack boats approaching the US flotilla will be "immediately eliminated". The conflict has also sparked a war of words between US President Donald Trump and Pope Leo XIV, with the pope condemning the use of religious language to justify the war in Iran.

UEFA is expected to secure in excess of €1 billion (£870 million) annually from sponsorships linked to its club tournaments starting next season, a surge of over 40% that will lift the governing body’s total commercial income past the €6 billion mark.The commercial joint venture UC3 – jointly owned by UEFA and its clubs – is finalising two flagship agreements: an official payments processor and a technology partner. These contracts will complete a roster of premium global partners and underpin the projected revenue jump.Long‑term sponsorships have already been locked in. AB InBev will serve as UEFA’s official beer partner, committing €230 million per year—far above the €120 million reserve price—while Pepsi will extend its soft‑drink partnership for another six years, also exceeding the reserve threshold. Nike is currently in exclusive talks to replace Adidas as the match‑ball supplier.These sponsorship gains complement a booming TV‑rights market. Rights sales in the UK rose 20% and in Germany 30% last year, with further tenders underway across 21 territories. UEFA now projects annual TV‑rights valuations to top €5 billion, meaning the combined commercial haul will comfortably exceed €6 billion.Relevent Football Partners, the American agency appointed by UC3, has overhauled UEFA’s sales process, creating a new “elevated partners” tier that bundles commercial rights across all three UEFA club competitions. This package offers exposure across 531 matches per season, far surpassing the 189‑match footprint of the Champions League alone.The influx of cash will primarily benefit the elite clubs. UEFA currently allocates 74% of its prize fund and 56% of club‑competition revenue to Champions League participants, with the remainder split between Europa League (17%) and Conference League (9%). Seven clubs already received over €100 million in prize money last season, led by Paris Saint‑Germain’s €144.4 million haul.Such concentration of wealth has reignited debate over revenue distribution. The Union of European Clubs (UEC) has proposed a revised split of 50‑30‑20 among the three competitions, directing a larger share into domestic leagues rather than straight to clubs. However, given the influence of the biggest clubs within UC3, the proposal faces an uphill battle.UEFA and Relevent declined to comment on the negotiations.

Marie‑Louise Eta will take the touchline for Union Berlin’s upcoming Bundesliga match against Wolfsburg, becoming the first woman to coach a men’s team in one of Europe’s top‑five leagues. The 34‑year‑old was promoted on an interim basis after the dismissal of Steffen Baumgart, who was sacked following a 3‑1 defeat to bottom‑placed Heidenheim.Union sit seven points clear of the relegation‑playoff zone with five games remaining, but a dismal run of two wins in 14 matches has left the club teetering near the drop‑zone. Club officials turned to Eta, citing her continuity and proven tactical acumen, to halt the slide.Eta’s appointment is the latest milestone in a rapid rise through Union’s ranks. In the 2023‑24 season she became the Bundesliga’s first female assistant manager under Nenad Bjelica, and earlier in 2024 she briefly commanded the men’s side, overseeing a win, a draw and a loss while Bjelica served a suspension. Her prior success with Union’s under‑19 men’s squad further cemented her reputation as a forward‑thinking coach.Speaking in a 2023 interview, Eta emphasized that she wants to “convince with quality and substance” rather than rely on tokenism. Former England women’s manager Sarina Wiegman hailed her as a “trailblazer”, noting that such progress reflects football’s broader societal shift toward gender equality.Germany is already seeing more women in senior coaching roles: Sabrina Wittmann leads third‑tier side FC Ingolstadt, while Corinne Diacre previously managed Ligue 2 club Clermont Foot in France. In England, Hannah Dingley made history as caretaker of Forest Green Rovers before moving to Manchester City’s academy.Eta’s current stint with the men’s team is expected to be short‑lived. She has already signed a contract to become head coach of Union Berlin’s women’s side next season, where she will continue to develop talent in the Frauen‑Bundesliga. Nonetheless, her presence on the technical area this weekend offers a powerful visual for aspiring female coaches worldwide.Social media reactions have been mixed. While a minority of users resorted to sexist trolling, Union’s official X account defended Eta vigorously, dubbing her a “football goddess” and firing back at detractors. Eta, a former Champions League winner with Turbine Potsdam, said she draws motivation from messages sent by young women and girls she has inspired.The upcoming match will not only test Union Berlin’s fight against relegation but also serve as a symbolic moment in the ongoing effort to break the “grass ceiling” in professional football.