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The ongoing conflict between Iran and the US-Israeli alliance has sent shockwaves through global oil markets, with Brent crude prices surging 5% to $106.16 per barrel on Thursday morning. Despite being heavily reliant on Iranian oil, China appears to have largely insulated itself from the crisis.China's strategy involves utilizing 'teapot refineries,' small, privately owned oil refineries primarily based in Shandong province. These facilities have been importing discounted Iranian and Russian oil, accounting for one-quarter of China's processing capacity. This approach allows China to circumvent US sanctions and maintain a stable oil supply.China's teapot refineries have been stockpiling oil reserves, providing a buffer against potential supply disruptions. According to Muyu Xu, a senior crude oil analyst at Kpler, China's seaborne crude imports in March stood at 10.19 million barrels per day (mbd), down from 11.51mbd in February but still in line with the 2025 average of 10.41mbd.The US has previously imposed sanctions on some of these teapot refineries for importing Iranian oil. However, China's tolerance of this independent system has proved strategically useful, allowing the country to maintain a flexible buffer for bargain barrels during crises.Experts note that while China's measures will not completely immunize the country from rising fuel prices, they do provide Beijing with more flexibility to survive a crisis compared with other nations. China's approach involves aggressive stockpiling, tolerating shadow networks, and keeping flexible buffers, demonstrating its preparedness for energy shocks.

The Royal Shakespeare Company's upcoming production of Bertolt Brecht's 'The Resistible Rise of Arturo Ui' offers a timely warning against the rise of fascism, echoing current events in Britain and the US. The play, a satire about the rise of Hitler, features Mark Gatiss as Arturo Ui and music by the alternative rock band Placebo.Gatiss notes that the rhetoric used by Arturo Ui is 'the same rhetoric today', describing it as 'really frightening'. The play's themes of corruption, violence, and the dangers of unchecked power are as relevant today as they were when Brecht wrote the play in 1941.The production features a unique blend of music and theatre, with Placebo's Brian Molko and Stefan Olsdal creating a score that captures the brutality and urgency of the play. The music is designed to be 'loud and abrasive', with Molko describing the process of creating the score as 'like being in a dark room and feeling your way around'.Gatiss, who has a history of playing villains, says that he has put a moratorium on playing characters akin to Sherlock's Mycroft Holmes, but was drawn to the role of Arturo Ui after seeing a production at Darlington Civic Theatre with Robin Askwith in the lead. The play's director, Seán Linnen, encouraged the cast to experiment and find new ways to bring the play to life.The production's themes and message are particularly relevant in today's world, with Gatiss stating that 'we feel helpless' in the face of rising fascism. The play's epilogue, which calls on the audience to act against the rise of fascism, still gives Gatiss 'goosebumps'. As Gatiss notes, 'you have to do something. Go down swinging, at least.'

A recent performance at the Royal Festival Hall by the renowned Argentinian pianist Martha Argerich and her Korean mentee Dong-Hyek Lim left the audience in awe. The duo's setlist included Mozart's Sonata for Two Pianos in D Major K448 and Ravel's two-piano arrangement of La Valse, as well as a surprise encore of Schubert's Fantasia in F minor D940.The performance was marked by a sense of gentle anarchy, with Argerich and Lim chatting and occasionally bowing between works. Their onstage negotiations about swapping pianos and furious looks at page-turners added to the charm. The audience was treated to moments of astonishing pianistic ventriloquism, particularly in the second movement of the Mozart sonata, where Lim imitated Argerich's gossamer touch in a breathtaking sotto voce passage.Argerich, widely regarded as the greatest pianist alive today, brought her unique touch to the performance, conjuring 50 shades of grey in the Schubert and veiled, suspended-animation pianissimo in portions of the Rachmaninov. Lim, on the other hand, favoured bright attack and primary colours. The Ravel arrangement was deliciously muddy, with the work's intoxicating pulse gradually rising from the depths as the two pianists exchanged bass detonations.The encore, a monumental 20-minute rendition of Schubert's Fantasia, was a testament to the duo's exceptional chemistry and skill. Argerich pushed forwards, ever-faster, her hands barely skimming the keyboard, as Lim scrambled to keep up, the waltz teetering on the brink of catastrophe in a high-wire act that couldn't have been more thrilling.

‘Your Friends & Neighbours’ returns for a second season that doubles down on its deliciously dark satire of the ultra‑rich enclave of Westport, New York – a thinly veiled stand‑in for Westchester’s high‑finance playground. The series remains a “rich dessert” of a show: indulgent, a little unhealthy, but undeniably moreish.Jon Hamm reprises Andrew “Coop” Cooper, a former Manhattan hedge‑fund star who now survives by burgling the opulent homes of his equally extravagant neighbours. Coop’s charisma is built on a blend of oak‑like steadiness and a perpetual tumbler of $500 whisky, allowing him to charm both victims and collaborators. Unlike Don Draper’s secret shame, Coop’s anxiety is a quieter, more comedic driver that fuels the season’s caper.Season two opens with Coop, now approaching fifty, injuring his back while rifling a mansion’s study. The mishap forces him to rely on his longtime lookout Elena (Aimee Carrero) and brings a new, reluctant ally into the fold. Meanwhile, the arrival of the flamboyant billionaire Owen (James Marsden) rattles the delicate Westport ecosystem, adding fresh tension to the criminal enterprise.The narrative also shifts focus to the personal toll of wealth. Coop’s ex‑wife Mel (Amanda Peet) navigates perimenopause and the looming emptiness of her children leaving for college, while their daughter Tori (Isabel Gravitt) deliberately flunks a Princeton interview, railing against the university as a “engine of rigged, corrosive capitalism.” This scene underscores the show’s satirical edge, reminding viewers that the glittering excess is built on fragile foundations.Despite its glossy façade, the series offers unexpected emotional depth. Hamm and Peet convey a wistful sadness that resonates beyond the bank‑balance zeros, suggesting that middle‑aged ex‑lovers remain bound by past mistakes. The season balances heist thrills with moments of genuine heart, positioning the show as a guilty‑pleasure dramedy that “gets away with it.”Your Friends & Neighbours is currently streaming on Apple TV+.

Bath’s historic Farleigh House training centre has been spruced up this week with black flags fluttering alongside a new “Choose Greatness” banner, signalling the club’s ambition as they approach a Champions Cup last‑16 tie with Saracens. For Max Ojomoh, the atmosphere feels like a personal challenge. Just weeks after collecting the Man of the Match award for his decisive performance against Argentina, the 25‑year‑old found himself omitted from Steve Borthwick’s Six Nations squad. Ojomoh believes that a dominant display for Bath – especially after the 62‑15 demolition of Saracens in the Premiership – could revive his England prospects, but he also acknowledges that national selectors may have a specific back‑line profile in mind for the upcoming World Cup. Reflecting on his Argentina heroics, Ojomoh said, “If that was my final Test, I’m happy to have left a mark on international rugby.” Yet the disappointment of watching England lose to Ireland from a Moroccan pub underscores how close the margins are for a player on the fringe. He explained the selection dilemma: with centre Ollie Lawrence returning from injury, the squad needed a more physical ball‑carrier, and Ojomoh’s role as a second‑receiver/playmaker meant he was the one to make way. England’s coaching staff have asked him to sharpen three key areas – post‑contact metres, defensive intensity and overall work‑rate. While these are valid targets, Ojomoh points out that few English centres combine his blend of pace, vision and creative kicking. Back at Bath, his partnership with newly‑signed Finn Russell has blossomed. “When we signed Finn, I didn’t expect us to think alike on attack,” Ojomoh remarked, highlighting a shared instinct that fuels his confidence. Coach Johann van Graan’s influence is evident, with the club’s motivational signage and a focused training environment that Ojomoh describes as “single‑minded”. He hopes the upcoming match will provide a platform for a first home Champions Cup quarter‑final since 2002. Family wisdom also plays a role; his father, former England centre Steve Ojomoh, reminded him that “the cream always rises to the top”. With a business degree from the University of Bath and a hobby of online chess, the younger Ojomoh is aware that consistent club performances could shift national perception. Looking ahead, Ojomoh is determined to make the 2027 World Cup squad. He admits that obsession over selection can be self‑destructive, emphasizing the need for mental clarity and playing with the same confidence he shows in his head. As Bath prepares for the high‑stakes clash with Saracens, Ojomoh’s mantra remains clear: choose greatness, stay true to his strengths, and let his on‑field X‑factor speak for itself.

In a scene reminiscent of Henry James’s observation that the only certainty with a young American abroad is surprise, the current US president continues to bewilder European partners with erratic statements.President Trump has publicly ridiculed British Prime Minister Keir Starmer and the Royal Navy as feeble, mocked French President Emmanuel Macron over personal matters, urged allies to secure their own oil supplies, and declared that withdrawing the United States from NATO is "beyond reconsideration". These comments come as the conflict in Iran, ignited by Trump and Israeli Prime Minister Benjamin Netanyahu, drags on without a clear resolution, fueling his domestic political anxieties.European officials responded not with shock but with weary irritation, noting that Trump’s unpredictability is now a permanent feature of US policy, steering the continent away from the liberal international order. Analysts warn that NATO’s credibility is eroding, turning the alliance into a "paper tiger" even as Russian President Vladimir Putin watches closely.Britain, hoping to serve as a diplomatic conduit between Washington and Brussels, finds its position increasingly precarious. Post‑Brexit economic vulnerabilities and the looming state visit of King Charles to the United States offer little strategic gain and risk becoming a diplomatic embarrassment.Prime Minister Starmer has deliberately avoided direct confrontation with Trump, instead pledging to deepen the United Kingdom’s economic and security ties with the European Union. This shift aims to reassure Labour factions leaning toward the Liberal Democrats and Greens, while also hoping that shared security concerns will coax European capitals into offering more robust economic support.In a world where traditional alliances are fraying, European leaders face mounting pressure to forge genuine security cooperation rather than merely increasing defence spending. The consensus is clear: delay is no longer an option for Europe to secure its own future.

The ongoing conflict between the US and Israel against Iran has significantly impacted global oil supplies, causing prices to surge. Despite this, US President Donald Trump claims that the US is 'totally independent' of the Middle East and doesn't need their oil. However, experts argue that the oil market is highly interconnected, making it unlikely that the US can escape the effects of the crisis.The US is a major oil producer, having surpassed other countries due to the fracking boom. Yet, it still imports millions of barrels per day, with a significant portion coming from Gulf nations. This reliance on imports means that the US is not as insulated from global price trends as Trump suggests.Oil prices have risen by nearly half since the start of the war, with Brent crude trading above $100 per barrel. This increase has had a ripple effect on the global economy, with US fuel prices breaching $4 per gallon for the first time since 2022. The surge in fuel costs is likely to impact the US economy and may influence the midterm elections.Experts warn that the concept of 'energy independence' may be a 'smokescreen' and that low-income households will be disproportionately affected by higher fuel prices. While some sectors of the US economy, such as energy production, may benefit from the current situation, the overall impact on consumers is expected to be negative.The article also highlights the broader implications of the conflict, including disruptions to global fertilizer supplies and helium production. With the Strait of Hormuz remaining paralyzed, the effects of the crisis are likely to be prolonged, and experts are skeptical that fuel prices will quickly return to normal even if the conflict ends soon.

Several readers have voiced alarm over the unfolding US‑Israel war on Iran, describing it as a chaotic and unjustified conflict that threatens regional stability and global order.One contributor likens the situation to a “spectacle of two rogue nations armed with nuclear weapons fighting to prevent a third from acquiring similar capabilities,” warning that the resulting chaos could embolden other territorial disputes, from China’s claim on Taiwan to Argentina’s claim on the Falklands. The writer urges individuals to emulate the anti‑apartheid boycott campaign, suggesting a coordinated boycott of US and Israeli products and a disengagement from the upcoming FIFA World Cup as potential levers to pressure the belligerents.Another letter critiques the tone of the original editorial, arguing that the war’s justification—purported nuclear compliance and regime change—was merely “grist to throw into the media mill.” The author characterises President Trump’s approach as a personal crusade, describing it as a “hyperbolic truth” that seeks to vent anger and claim divine credit, with the war ending only when Trump’s interest wanes.A third commentator questions the UK’s role, noting that despite initial resistance, British bases have quietly accommodated US and Israeli forces, mirroring the pattern seen in Gaza. The writer warns that the conflict could inflict a “disaster for our economy and that of Europe” that may last for years, calling the war both “immoral” and “illegal” and urging a policy reversal.Concern is also expressed about China’s silence. Citing a recent Guardian editorial, a reader points out that Beijing’s proclaimed “major‑country diplomacy” has not translated into constructive mediation, similar to its restrained stance on the Ukraine war. The letter argues that the global benefits of peace outweigh any short‑term advantage China might gain from allowing two wars to continue, and calls on allies of China to press the government into action.Collectively, these letters highlight a growing perception that the war in Iran is driven more by political posturing than by clear strategic objectives, and they advocate for a combination of economic pressure, public dissent, and diplomatic engagement to halt the escalation.

According to a new United Nations Food and Agriculture Organization (FAO) briefing, the global food commodity price index climbed 2.4% in March, marking the second straight monthly increase and the first rise in five months for the broader basket of grains, meat, dairy, vegetable oils and sugar.The surge is largely attributed to the escalating conflict in the Middle East, which has pushed up energy prices and freight rates worldwide. The report highlighted that vegetable oil prices jumped 5% and sugar rose 7% during the month.Analysts warn that the war could trigger a broader wave of food inflation, as higher fuel, fertiliser and electricity costs increase the expense of transporting, processing and cooking food. About one‑third of global fertiliser production passes through the Strait of Hormuz, a key shipping lane that has been effectively closed since hostilities began.UN projections suggest that, if the crisis endures, global food prices could be 15%–20% higher in the first half of 2026 than pre‑conflict levels. The FAO noted that “price indices across all commodity groups rose to varying degrees, reflecting both market fundamentals and responses to higher energy prices linked to the conflict escalation in the Near East.”Specific commodity trends showed global wheat prices up 4.3% in March, driven by deteriorating crop conditions and drought concerns in the United States, as well as reduced planting in Australia due to soaring fertiliser costs. Better weather in Europe and strong export competition provided some offset.In the United Kingdom, the Food and Drink Federation – representing 12,000 manufacturers – now forecasts a **minimum 9% rise in food prices by the end of 2026**, a sharp increase from the 3.2% forecast made before the Middle East conflict. This outlook assumes the Strait of Hormuz reopens within weeks and that major energy facilities return to normal within a year – both uncertain outcomes.British producers are already feeling the pressure. The British Tomato Growers’ Association warned that consumers could see higher prices for tomatoes, peppers and cucumbers within six weeks as gas‑heated glasshouses become more expensive to run.Chancellor Rachel Reeves recently met with leaders of major retailers—including Tesco, Sainsbury’s, Morrisons, Marks & Spencer, Aldi and Lidl—to discuss measures that could ease the cost‑of‑living squeeze and strengthen supply chains.Nevertheless, a Bank of England survey of over 2,000 chief financial officers revealed that firms expect to raise their prices by an average of 3.7% over the next year, up from 3.4% in February. Expectations for overall economy‑wide inflation also rose from 3% to 3.5%.