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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."

Lewis Hamilton expressed confidence that Ferrari could be competitive at the upcoming Monaco Grand Prix, a circuit that may neutralise Mercedes’ dominant power advantage and give the Scuderia a realistic shot at its first win since the 2024 Mexican GP.Hamilton’s Optimistic Take on Ferrari’s Monaco ProspectsSpeaking ahead of practice, Hamilton noted, “I would say that probably this track was better for us than some of the others. I don’t think power is going to be necessarily so much of an issue. And our car is good at low speed so I think we will be competitive.” He highlighted the SF26’s strength in slow‑speed corners and the smaller turbo that could deliver better acceleration out of the tight bends.Championship Gap and Monaco’s Potential to Narrow ItKimi Antonelli leads the drivers’ standings, 43 points ahead of teammate George Russell.Mercedes have dominated the season, but the Monaco layout favours low‑speed handling over outright straight‑line power.In first practice, Leclerc and Hamilton topped the time sheets, separated by 0.2 seconds, with Max Verstappen a further 0.5 seconds back.Why Monaco’s Tight Layout Could Shift the Competitive BalanceThe street circuit’s slow corners play to Ferrari’s advantage, allowing the smaller turbo to stay spooled and deliver rapid corner exits. Energy management is less of a concern thanks to ample recharging opportunities, and the car’s proven ability to generate fast starts could help secure an early lead that is hard to lose on a track where overtaking is extremely limited.What a Ferrari‑Hamilton Front Row Means for the Rest of the SeasonIf either Hamilton or his teammate Charles Leclerc secures a front‑row start, Ferrari could become “all but untouchable” when the lights go out, forcing Mercedes, McLaren and Red Bull to rely on strategy and driver error. A strong Monaco result would not only break Ferrari’s win drought but also tighten the championship race, putting pressure on the Mercedes drivers to defend their sizable points lead in the remaining rounds.

The LeadOnce a symbol of national unity and joy, Iran's World Cup qualification now reflects deep political divisions. The national football team's relationship with the public has transformed amid social unrest and political tensions following the death of Mahsa Amini.The Cultural Significance of Football in IranIranian filmmaker Abbas Kiarostami captured the profound importance of football in Iranian society through his film "Life, and Nothing More..." set during the 1990 World Cup. The film depicted a villager, despite having lost family members in an earthquake, adjusting a television antenna to watch Argentina play Brazil. Kiarostami later wrote about this scene: "This sequence is directly drawn from a similar experience during my trip to the earthquake-stricken region in the early days after the disaster. [The man] had his left arm in a cast, was shirtless, and with his right hand was striking one stone against another at the base of the antenna to secure it. I saw that after that event, what mattered there was life – and then football."The Evolution of National PrideAt one time, football and the World Cup held such importance for Iranians that they symbolized hope for continuing life. Qualifying for the 1998 World Cup – after defeating Australia over two legs – was celebrated for years like a national occasion, with special programs, interviews, and repeated broadcasts of match highlights on national television. Four decades later, football – and specifically the national team – has become one of the most controversial aspects of Iranian life at a critical historical moment; a controversy with roots in politics and Iran's collective memory.The Changing Landscape of CelebrationIran have missed two World Cups since 1998 and each qualification has been accompanied by street celebrations – except the most recent one. While videos of past qualification celebrations are easily found online, there are virtually no videos on social media of festivities marking qualification for this World Cup. A segment of Iranian society began distancing itself from the national team after September 2022, when the death of Mahsa Amini in police custody triggered one of the most intense waves of protests since the Islamic Revolution. These protests became known as the "Woman, Life, Freedom" movement.The Political DivideAt the time, just before the Qatar World Cup, protesters believed national-team players had not taken a clear stance against the suppression of the demonstrations. Even the players' act of solidarity before the first match, against England, standing in silence during the national anthem in memory of those killed in the unrest, did not bring protesters closer to the team. From that point, for some Iranians, the national team became "the regime's team," and this divide has widened.The Economic and Social ContextEconomic pressure, declining purchasing power and the shadow of war (which had not yet happened) contributed to football's importance for Iranians falling to its lowest level in decades. There is a stark contrast to the atmosphere around the 2014 World Cup, when even a 1–0 loss to Argentina in the second group game led to hopeful street celebrations. During the 2018 World Cup the team's matches were shown on the big screens at Azadi Stadium and received a great response.The Future of Iranian FootballNima, 42, who has lived outside Iran for years, says: "Iran's national team has gone from being a team that represented the people during the war with Iraq or the 1998 World Cup, to a team that now promotes the regime. That's why I no longer care what results they get." This sentiment reflects a growing divide between the national team and a significant portion of the Iranian population, suggesting that football's role in Iranian society may continue to evolve in response to political and social changes.

Tottenham Hotspur have completed the free‑transfer signing of Scotland captain Andy Robertson from Liverpool, while an American investment group says it is close to acquiring a 24.99% stake in the club’s parent company, Enic Sports.Tottenham Secure Andy Robertson on a Free TransferRoberto De Zerbi, who guided Spurs to survival on the final day of the season, announced the arrival of Robertson as the first major addition to address the leadership vacuum that plagued last year’s campaign. The left‑back arrives after his Liverpool contract expired following nine highly successful seasons, and De Zerbi praised his “outstanding technical qualities, experience, leadership and mentality”.Financial Details of the Transfer and Stake TransactionTransfer fee: None – Robertson joined on a free transfer after his contract expired.Contract length: Not disclosed, but expected to be a multi‑year deal.Stake sale: Eight Sports Capital claims to have agreed to purchase 24.99% of Enic Sports from former chairman Daniel Levy.Levy’s remaining holding: 29.88% of Enic Sports.Buyer profile: Eight Sports Capital is owned by Triller and led by tech entrepreneur and former DJ Brooklyn Earick.Strategic Impact on Spurs' Rebuilding EffortsThe Robertson signing plugs a key gap in experience and on‑field leadership, allowing De Zerbi to focus on bolstering the back line with targets such as Bournemouth’s Marcos Senesi and Brighton’s Jan Paul van Hecke. With captain Cristian Romero likely to depart and central‑defender Micky Van de Ven attracting suitors, the club’s defensive overhaul is set to accelerate. Off the pitch, the potential stake sale could inject fresh capital, but also introduces uncertainty about future governance.Future Outlook: Squad Evolution and Ownership DynamicsIn the short term, Robertson’s arrival should stabilize the left flank and provide mentorship to younger players ahead of the World Cup. Over the longer term, if Eight Sports Capital finalises the stake purchase, Tottenham may see increased investment in player acquisitions and commercial projects, though a possible power struggle with existing shareholders could affect strategic decisions. Fans can expect a busy summer transfer window as De Zerbi seeks to solidify a squad capable of moving beyond relegation‑avoidance mode.

The Lead: Trump's Legal Team Rejects BBC Financial Disclosure RequestDonald Trump's legal team has rejected a request by the BBC to hand over financial information as part of his $10bn defamation case against the broadcaster. The US president's lawyers accused the BBC of a "fishing expedition," according to court filings, after the broadcaster's representatives asked for details to get evidence on Trump's claims he suffered reputational and financial damage by a Panorama documentary centred on the US Capitol riots.The Event Details: BBC Documentary and Editing ControversyTrump accused the BBC of "intentionally, maliciously, and deceptively doctoring" a speech he gave on 6 January 2021, before the unrest in Washington in which thousands marched and broke into the US Congress. The BBC had spliced together two parts of a speech made by Trump, as part of the documentary broadcast in October 2024. Four people died on the day, with five police officers dying afterwards, including from suicide.The Financial Impact: $10bn Lawsuit and Asset Disclosure BattleAccording to the court documents lodged in Miami, Florida, in May, the BBC had asked for financial papers on the Donald J Trump Revocable Trust, which holds the president's business interests and assets. Lawyers had asked for records that would show its income, assets, and properties held. It also listed hundreds of companies that fall under the trust's remit. In response Trump's Florida-based lawyers Brito PLLC said the request was "disproportionate" and "encompasses individuals and entities that have no connection to the issues in dispute".The Impact Analysis: Legal Maneuvering and Media Freedom ConcernsThe dispute centres over a broadcast of the BBC's flagship documentary series on the Capitol riots. A clip in the broadcast suggested Trump told the crowd: "We're going to walk down to the Capitol and I'll be there with you, and we fight. We fight like hell." However, the words were taken from separate parts of his speech almost an hour apart. The BBC later retracted it and apologised, saying it would not be shown again. Trump's lawyers have previously argued the BBC's documentary caused him "direct harm" to his "brand, properties and business".The Prediction: Ongoing Legal Battle and Potential PrecedentsIn March the BBC asked a US court to throw out the lawsuit as it would have a "chilling effect" on its reporting of the president. In court filings it denied it had damaged his reputation as it aired shortly before his re-election, and was not shown in the US. BBC lawyers argued as it was not broadcast in the US, or in Florida, the court had no jurisdiction to hear the case. The dismissal claim is still ongoing. The Financial Times reported that the Trump team had attempted to delay the case and requested a change in judge. In a statement to the FT, a spokesperson for Trump's legal team said the BBC had "intentionally and maliciously defamed" the president "by distorting and manipulating his speech". "No amount of attempted legal manoeuvres can change that fact," the spokesperson added. "President Trump will continue to hold accountable the BBC and all those who traffic in fake news." The BBC said it had no comment.

The Asda Turnaround Challenge"It's not bloody inevitable," that Asda will be overtaken by Aldi as the UK's third biggest supermarket, roars Allan Leighton, the veteran retail boss who returned to lead the business after 20 years in November 2024. Leighton is attempting to defy the critics and revive Asda for the second time in his career, despite grocery sales and market share continuing to fall according to industry data.The Market Position and Aldi ThreatWith 580 supermarkets, 517 convenience stores and four stand-alone George outlets, Asda faces significant challenges. In terms of market share, its rival Aldi is now less than one percentage point away from overtaking Asda, where sales and profits have dived since a debt-fuelled £6.8bn takeover in early 2021 by Blackburn's billionaire Issa brothers and the private equity company TDR Capital.The Technology TransformationLeighton admits that "Project Future" – the transfer of Asda's technology from former owner Walmart's systems to its own at an estimated cost of close to £1bn – left gaps on shelves and put plans six months behind schedule. The IT is now "stable," he says, with only smaller jobs to do, availability has improved dramatically and a new deal with Ocado will help modernize Asda's online business from next year.The Competitive Differentiation Strategy"We are more than a supermarket. Everybody thinks we are a supermarket, we are not. Almost 50% of our business does not come from food," Leighton emphasizes. He argues that where Asda can win is through its scale in clothing and general merchandise, which competitors cannot match. "Nobody else can do things the way we do it. We are trying to accentuate that," he says.The Four Pillars of Asda's FutureAsda has four cornerstones according to Leighton – superstores, the George brand, fuel and convenience stores, with online being the future. "We can be the online discounter," he states. Rejecting speculation about selling Asda's Express convenience store chain or merging with Sainsbury's or Morrisons, Leighton focuses on "just be better today than we were yesterday." He claims prices are now between 4% and 7% cheaper than other traditional supermarkets – Tesco, Sainsbury's and Morrisons.The Consumer and Economic ChallengesLeighton acknowledges that "the consumer's confidence is shot" and inflation on food is building again. "We've seen bits of it beginning to come through now," he says. All retailers are under pressure from rising labour, energy and regulatory costs as well as a squeeze on household spare cash. However, Leighton remains optimistic: "If we get it right, then we've got more ammo than anybody else."

The £24m Gamble at EpsomTwenty months after embarking on a remarkable £24m spending spree on yearlings at Tattersalls' Book 1 sale in Newmarket, football "super-agent" Kia Joorabchian stands at the threshold of potentially the biggest payoff of his career. As the 247th running of the Epsom Derby approaches, Joorabchian will watch two of his high-profile acquisitions, Poker and Ancient Egypt, compete in the premier Classic, with the outcome potentially reshaping his position in the elite world of international horse racing.The Bloodstock Investment BreakdownThe contrasting stories of Joorabchian's two Derby hopefuls illustrate the uncertainties and potential rewards of high-end bloodstock investment. Poker, the most expensive yearling colt ever sold at public auction in Europe, cost 4.3m gns (£4.5m) but has yet to win even a novice event in three attempts, starting as a 200-1 outsider to become the first maiden to win the Derby since 1887.In stark contrast, Ancient Egypt was purchased for 1.1m gns (£1.2m) – approximately a quarter of Poker's price tag – and has already established himself as a serious contender with three wins from four starts. The son of Frankel, out of a full-sister to a Group One-winning mare, represents Joorabchian's more calculated investment, with the Derby being the primary target when the colt was acquired.The Financial Calculus of Racing RoyaltyWhile the total purse for this year's Derby stands at £2m, with approximately half going to the winner's connections, the financial considerations extend far beyond prize money. For Joorabchian, the £24m investment represents an ambitious entry into the exclusive world of international Flat racing, an arena traditionally dominated by individuals with sovereign wealth from Dubai, Qatar, and Saudi Arabia.The true value lies in establishing a virtuous loop between racing success and breeding potential. A Derby-winning son of Frankel would represent an elite stallion prospect, potentially worth many times the original investment through future breeding rights. This strategic approach mirrors the model employed by John Magnier's Coolmore Stud operation, which has dominated European racing for decades.Challenging Establishment in Horse RacingJoorabchian's venture represents a significant shift in the ownership landscape of elite horse racing. For decades, the sport's premier events have been dominated by homebred horses from established operations like Godolphin, Coolmore, and the Aga Khan, as evidenced by last year's Derby where the first nine finishers included multiple homebred champions.Charlie Johnston, Ancient Egypt's trainer, acknowledges the unique position of his high-profile charge: "You try and tell yourself that from the moment they walk through the door, they all get treated the same regardless of price tag or pedigree, but let's say that, as George Orwell would say, all animals are equal but some are more equal than others." The pressure to deliver on such a significant investment is immense, yet Johnston remains focused on the task at hand.The Road to Racing LegacyShould Ancient Egypt triumph at Epsom, it would mark not only a remarkable return on Joorabchian's investment but also a historic achievement for Johnston. The Yorkshire-based trainer would become the first to saddle a Derby winner since 1869, continuing a family legacy built by his record-breaking father, Mark."There would have been time [for another run before the Derby] but I just felt he'd done enough to book his ticket for Epsom," Johnston explains of his decision to bypass additional prep races. With Ancient Egypt's proven pedigree, including connections to six-time Group One-winner Midday, and a developing race record that could complement his breeding potential, the stage is set for what could be a transformative day for both horse and owner in the world of elite horse racing.

Clarke's Contract Extension: A Calculated Risk or Strategic Masterstroke? The summit of Scottish football provides a wonderful environment for those who value long-term career stops. Neil Doncaster, chief executive of the Scottish Professional Football League, arrived at the then Scottish Premier League in 2009. Ian Maxwell, bizarrely headhunted from relegation-bound Partick Thistle, has been the Scottish Football Association's chief executive since 2018. Scot Gemmill's tenure as the nation's under-21 manager has lasted a decade despite underwhelming results. Glass half full or half empty; either this is a domain that delivers admirable continuity or one in which no one makes sufficient progress to appeal to those in bigger ponds. The Extension and Its Timing Amidst Controversy Against this backdrop, Steve Clarke's four-year extension as Scotland manager is really no surprise. "It's pretty staggering for anyone to say that giving him a new contract is a gamble," said Maxwell. The Scottish FA's president, Mike Mulraney, delivered standard bluster when assessing the deal. "I don't need other people to vindicate my decision," insisted Mulraney. Maxwell and Mulraney lauded Clarke before Scotland toiled at Euro 2024. All three were nowhere to be seen, with no explanations offered, as a footballing nation recoiled with anger at the manner of the team's tournament exit. The Scottish FA has never given the sense of being anything other than beholden to Clarke, or that it is the manager himself who determines his own future. Despite sentiment to the contrary, affording Clarke fresh terms immediately before the World Cup was a bold – and dangerous – call. It at least leaves the impression that finals performance does not matter when, in this one, it absolutely does. The rush to disregard that obvious fact is curious. If Clarke's qualification record was sufficient to earn him a new contract, it should have been actioned immediately after the extraordinary victory over Denmark that secured a World Cup berth. Instead, the topic disappeared until Clarke made plain before March's friendlies that he was uncomfortable with his contractual position. Scotland's Tournament Record Under Clarke The 62-year-old had earlier seemed content to leave after the World Cup until a change of heart that will, in theory, take his reign to 11 years. Cynics may suggest Clarke and his paymasters deduced it will be far more difficult for Scotland not to qualify for Euro 2028 – for which they are a host nation – than to feature in the event. The manager has doubled his salary by way of bonus each time Scotland exited a qualifying phase. Clarke has been a superb Scotland manager. He has massively enhanced standards and attitudes. Three tournament qualifications in four attempts have arrived in different ways, which point towards a multi-dimensional coach. In the past two years Clarke has been more hands-on than ever on the training ground with players responding exceptionally well. Scotland's World Cup Hopes and Managerial Strategy Scotland's World Cup, their bid to make history, essentially boils down to their opening Group C game. Comprehensive victory against Haiti would almost certainly be enough to seal a knockout berth for the first time. Anything else and the situation will feel immediately grim, with Morocco and Brazil lying in wait. Haiti turned heads with a 4-0 dismissal of New Zealand on Wednesday. Still, they are ranked outside the world's top 80 national teams, with their World Cup absence since 1974 making Scotland's 28-year wait appear brief. There will be no excuse for Scotland, armed with five-star facilities, a small army of staff and a playing contingent for whom this World Cup arrives in a career sweet spot, not seizing this moment. Scotland are a decent team rather than an excellent one and the next step on their World Cup journey comes with Saturday evening's warm-up against Bolivia in New Jersey. That night against Denmark was highly rare in that it dipped into the spectacular. Other sides of the same ilk – Australia, the USA, Denmark and Algeria – have progressed from groups in recent World Cup finals. It is apt for the Tartan Army to celebrate their return to this environment but that should not overshadow a serious competitive goal, to show they have learned from shortcomings in 2021 and 2024. What's Next for Scottish Football Post-World Cup? Clarke shot a glance towards the future by involving Tyler Fletcher in his World Cup squad. The Manchester United midfielder has a far higher ceiling than those he edged out for a seat on the plane. Lennon Miller will feel hard done by but the Udinese midfielder, once lauded in Scotland's top flight, can appear one-paced in elite company. Fletcher is precisely the player Scotland can build a future team around. This was an astute Clarke move. So, too, was penning his latest contract; no wonder Scotland's manager looks in high spirits. Whenever he does leave, the challenge will be to fund a coach who Scotland's squad hold in similar esteem. That successor is not readily identifiable, which gives the Scottish FA a slight pass when it comes to sticking to who they know. The narrow-minded obsession with a Scot in the dugout limits their options. Berti Vogts was a long time ago. It would have been judicious for the Scottish FA to wait and see how the World Cup plays out. The standing of managers is a movable feast, rather that one based on guarantees because of prior achievement. If there is trauma, those Scottish FA officials will be in an invidious position. It leaves the rest wonder why on earth they flirted with such needless risk.

The Rollercoaster of Graham Potter’s Managerial CareerIn a candid interview, the 51‑year‑old English coach admits that “you’ve got to face the bad stuff” after a series of highs and lows that saw him leave Brighton’s stability, endure a seven‑month stint at Chelsea, and later struggle at West Ham before finding a new purpose with the Sweden national team. From Brighton Stability to Chelsea’s Short‑Lived TenurePotter departed the comfort of Brighton in September 2022 to take over at Chelsea. The move lasted only seven months, ending in a mutual parting as the club failed to meet expectations. West Ham Struggles: Six Wins from Twenty‑Five MatchesGames managed: 25Victories: 6Result: Dismissed in September 2025 after a poor start to the seasonThe spell at West Ham was described by Potter as “lost in dysfunction”, with the team unable to translate his ideas into results. Sweden’s World‑Cup Revival Under Potter’s Swedish‑Style EthosAfter his club setbacks, Potter accepted a short‑term role with Sweden in October 2025. The team, previously stuck in a “doldrums” qualifying group, earned a playoff spot via Nations League performance. Key moments included:Viktor Gyökeres’ hat‑trick in the 3‑1 semi‑final win over UkraineGyökeres’ 88th‑minute winner in the 3‑2 playoff final against PolandThese victories secured Sweden’s place at the 2026 World Cup, and Potter’s contract was subsequently extended to 2030. He says he “feels very Swedish” and notes that two of his children were born in Sweden. Looking Ahead: Potter’s Contract to 2030 and Sweden’s Group‑F ChallengeSweden will open the tournament against Tunisia in Monterrey on 14 June 2026, then face Japan, the Netherlands and Tunisia in Group F. Potter highlights the importance of set‑pieces and squad harmony, especially with key players like Alexander Isak and Gyökeres available, while coping with the injury to Dejan Kulusevski.With a contract secured until 2030, Potter’s “Swedish” methodology will be tested on football’s biggest stage, offering a chance to rewrite his managerial narrative after the club disappointments.