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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.

Approximately 250 Rohingya refugees and Bangladeshi nationals are now unaccounted for following the capsizing of an overcrowded vessel in the Andaman Sea, the United Nations High Commissioner for Refugees (UNHCR) announced on Tuesday. The boat, packed with men, women and children, succumbed to heavy winds, rough seas and severe overcrowding, according to the UNHCR statement. The disaster underscores the perilous journeys many Rohingya undertake to escape persecution in Myanmar. Bangladesh Coast Guard (BCG) officials reported that a patrol ship en route to Indonesia rescued nine individuals on April 9, including one woman. Lieutenant Commander Sabbir Alam Sujan described how the crew spotted survivors clinging to drums and logs and pulled them from deep water. Among the rescued, six have been identified as alleged traffickers and are now in police custody, as reported by the Andalou news agency. Survivor testimony paints a grim picture. Rafiqul Islam, who was lured onto the boat with promises of employment in Malaysia, recounted that passengers were confined in a holding area where some died. He said the vessel leaked oil, causing burns, and that it drifted for four days before capsizing. "We floated for nearly 36 hours before a ship rescued us," he said, estimating that 25 to 30 people died from suffocation and the crush of overcrowding. The UNHCR warned that the tragedy reflects the "dire consequences of protracted displacement and the absence of durable solutions for the Rohingya." With the Andaman Sea bordering Myanmar, Thailand and the Malay Peninsula, the region remains a hazardous corridor for smuggling networks. Malaysia continues to be a favored destination for Rohingya migrants, drawn by its Muslim-majority population and existing diaspora. However, the journey often involves dangerous sea voyages facilitated by traffickers. Since the 2017 military offensive in Myanmar that forced over 730,000 Rohingya into Bangladesh, thousands have risked their lives each year to flee ongoing violence, repression and the lack of safe, legal pathways. International observers stress that without coordinated regional action and stronger protection mechanisms, such maritime disasters are likely to recur, compounding the humanitarian crisis and destabilizing coastal security.

FIFA, the global governing body of football, is under growing pressure to ask U.S. President Donald Trump for a blanket halt to ICE (Immigration and Customs Enforcement) raids during the 2026 World Cup. The request, sourced from anonymous contacts cited by The Athletic, would be presented to FIFA president Gianni Infantino for direct delivery to the White House. According to the report, Infantino is weighing a formal appeal that would seek a "full moratorium on ICE raids across the United States during the World Cup" – a tournament set to kick off on June 11 in eleven host cities spanning the United States, Canada and Mexico. The move comes as the Trump administration intensifies its immigration crackdown, tightening legal pathways and expanding deportation efforts. Critics warn that such policies could target the tournament’s massive international audience, undermining the event’s reputation as a celebration of global unity. When asked by Al Jazeera about any negotiations with FIFA, the White House declined to comment but praised the upcoming competition, with spokesperson Davis Ingle stating, "Thanks to President Trump’s leadership, the FIFA World Cup 2026 will be one of the greatest and most spectacular events in the history of mankind, right here in the United States of America." He added that the event is expected to generate billions of dollars in economic impact and create hundreds of thousands of jobs. Despite the administration’s enthusiastic rhetoric, officials have hinted that immigration agencies could be present at match venues. In February, ICE acting director Todd Lyons told a House committee that the agency would be on the ground for the World Cup, emphasizing that ICE is "a key part of the overall security apparatus for the World Cup" and would not pause operations. Previous incidents have fueled the concern. During last year’s FIFA Club World Cup in the United States, reports surfaced of ICE and Customs and Border Protection officers at stadiums, although the administration denied any enforcement actions took place. Vice President JD Vance recently warned that visitors must adhere to visa terms, suggesting that those who overstay could be subject to the authority of then‑Homeland Security Secretary Kristi Noem. Noem, who was dismissed in March, had overseen a controversial crackdown in Minnesota that resulted in two civilian deaths and drew accusations of human‑rights violations. FIFA executives see a potential immigration moratorium as a public‑relations win for both the sport’s governing body and the Trump administration. The proposal is also viewed as an opportunity for Infantino to leverage his personal rapport with Trump – a relationship that has attracted scrutiny after Infantino awarded the inaugural FIFA Peace Prize to the president in December, prompting a rights‑group complaint to FIFA’s ethics committee. With the World Cup fast approaching, fans and human‑rights advocates remain uneasy about whether the United States will provide a "safe and welcome" environment for the influx of international visitors.

The International Energy Agency (IEA) has sharply cut its forecasts for global oil supply and demand growth, citing disruptions caused by the US-Israel war on Iran that are impacting oil flows and weighing on the global economy.According to the IEA's report, global oil demand is expected to fall by 80,000 barrels per day (bpd) this year, a significant drop from the projected year-on-year rise of 640,000 bpd in its previous monthly report.The forecast comes after the International Monetary Fund, World Bank, and IEA urged countries to avoid hoarding energy supplies and imposing export controls that could exacerbate the shock. IEA chief Fatih Birol appealed to all countries to let energy stocks flow to the markets, warning that demand destruction will spread as scarcity and higher prices persist.The IEA report highlighted that the deepest cuts in oil consumption have come from the Middle East and Asia Pacific, particularly for naphtha, LPG, and jet fuel. A projected 1.5 million bpd drop in demand in the second quarter of this year would mark the deepest contraction since the COVID-19 pandemic.The Organization of the Petroleum Exporting Countries (OPEC) also lowered its prediction for world oil demand in the second quarter, but kept its full-year outlook unchanged. The IEA noted that attacks on energy infrastructure in the Middle East and Iran's closure of the Strait of Hormuz have led to the largest oil supply disruption in history, with 10.1 million bpd lost in March.Iran's de facto control over the Strait of Hormuz, a key route for global energy shipments, sent gas and petrol prices skyrocketing around the world. The US blockade on Iranian ports has further clouded the outlook for global energy security and the supply of goods that rely on petroleum.The IEA warned that oil demand could plunge even further if the strait remains closed, and emphasized that resuming flows through the Strait of Hormuz remains the single most important variable in easing pressure on energy supplies, prices, and the global economy.Meanwhile, Russia has benefited from the disruptions, with its revenues from crude oil and refined products rising in March due to the surge in prices. Moscow's crude oil exports rose by 270,000 bpd last month to 4.6 million bpd, driven by higher seaborne shipments.

Brazilian President Luiz Inacio Lula da Silva has requested the extradition of former intelligence chief Alexandre Ramagem from the United States. Ramagem was detained by US Immigration and Customs Enforcement (ICE) in Florida on Tuesday.Lula expressed optimism that Ramagem would be returned to Brazil, stating, "I believe Ramagem will come back to Brazil; he has to come back to serve his sentence."Ramagem fled Brazil in September after being sentenced to 16 years in prison for his involvement in a coup plot in support of former right-wing president Jair Bolsonaro. The plot allegedly included plans to have Lula killed.Brazil has previously requested Ramagem's extradition, and Lula attributed his arrest to his conviction in Brazil. Ramagem also faces allegations of spying on Bolsonaro's political rivals during his tenure as head of Brazil's top intelligence agency, ABIN.Bolsonaro himself is currently serving a 27-year sentence in Brazil for his role in the coup plot. US President Donald Trump previously sanctioned members of the Brazilian judiciary involved in the case and imposed heavy tariffs on Brazil, but relations have since improved.The US and Brazil have recently announced a joint effort to crack down on drug and weapons shipments, marking a new chapter in their bilateral relationship.

The ongoing conflict in Sudan has been marked by a catastrophic humanitarian crisis, with 14 million people forced to flee their homes and tens of thousands reported missing. As the conflict enters its fourth year, the UN's top official in Sudan, Denise Brown, has expressed her concern over the apparent lack of political urgency to end the war.Brown described the situation as 'bloody unacceptable,' stating that it seems the world focuses on other crises and fails to find solutions for Sudan. The conflict between the paramilitary Rapid Support Forces (RSF) and the Sudanese army has killed at least 150,000 people and left 33 million in need of assistance.New research by Islamic Relief reveals that almost half of Sudan's vital community kitchens have closed in the past six months, exacerbating hunger and the threat of famine. Other studies corroborate the food crisis, with millions surviving on a single meal a day. The conflict has also led to the deliberate targeting of Sudan's health infrastructure, with 37% of hospitals deemed 'non-functional' and over 200 documented attacks on health facilities.The war has set Sudan's economy back more than 30 years, according to a detailed assessment by the UN Development Programme and the Institute for Security Studies. If the conflict continues until 2030, an additional 34 million people could be pushed into deprivation. Investigators are attempting to track down tens of thousands of civilians reported missing or forcibly disappeared since the start of the war.Cases of missing persons recorded by the International Committee of the Red Cross (ICRC) in Sudan stand above 11,000 – an increase of more than 40% during the last year – with the true figure believed to be many times higher. The ICRC helped 62,000 families track down relatives who had gone missing last year.The issue of funding has become increasingly critical, with overall funding for Sudan's humanitarian plans now only 16% met this year. The UN agency for children, Unicef, noted that even the modest amounts forthcoming are becoming less impactful due to increasing transport costs.

According to a recent report, the cost of a round‑trip train ticket from New York City’s Penn Station to MetLife Stadium could surge sevenfold to more than $100 during the 2026 FIFA World Cup.The Athletic cited sources familiar with NJ Transit’s pricing strategy, noting that the agency told Fox 5 New York the exact fare has not yet been finalized, with a decision expected in the coming days.At present, NJ Transit lists a standard round‑trip fare at $12.90, with discounted rates for children, seniors and passengers with disabilities. The proposed increase would eliminate these reduced‑price options, pushing the ticket price above the six‑figure mark for a single journey.Transportation costs have become a focal point of the World Cup debate, joining concerns over the sky‑high match tickets. For context, the Massachusetts Bay Transportation Authority recently raised its Boston‑to‑Gillette Stadium fare from $20 to $80 for the tournament.New Jersey Governor Mikie Sherrill emphasized her commitment to protecting taxpayers, stating that the state will not subsidize travel for World Cup spectators."When I came into office about two months ago, I immediately got to work on the World Cup," Sherrill said. "One of the key things I wanted to make sure of was that we were not going to be paying for moving people who were viewing the World Cup on the backs of New Jersey taxpayers and New Jersey commuters."NJ Transit estimates that operating its services for the eight World Cup matches at MetLife—including the July 19 final—will cost roughly $48 million.The agency added, "The ticket prices for match‑day travel have not been finalized. However, as the Governor has clearly stated, the cost for the eight matches will not be borne by our regular commuters."In February, Governor Sherrill cancelled a planned $5 million fan festival at Liberty State Park, redirecting the funds toward smaller watch parties and events across the state.Officials anticipate tens of thousands of fans will rely on the rail network to reach MetLife, especially as parking availability will be sharply reduced compared with typical concert or NFL game days. NorthJersey.com reported that portions of Penn Station will be reserved exclusively for World Cup ticket‑holders for a four‑hour window before each of the eight matches.

BP has announced that it expects to post 'exceptional' earnings from its oil trading desk, capitalizing on the turbulent energy markets caused by the ongoing conflict between the US and Israel against Iran. The company's refining margins have strengthened, contributing to the optimistic forecast.The surge in oil prices is primarily attributed to the effective closure of the strategic Strait of Hormuz shipping route by Iran, a critical passage for global oil supplies. This development has led to Brent crude prices rising sharply from about $61 a barrel in January to a peak of $119.50 several weeks ago. As of Tuesday, Brent crude was trading at $98.28 a barrel, still significantly higher than its January levels.The conflict has not only impacted oil prices but also affected global oil demand forecasts. The International Energy Agency (IEA) has revised its forecast, now predicting a decline in oil demand by 80,000 barrels a day this year, a stark contrast to its previous forecast of a 640,000 barrel increase. This would mark the first annual decline in oil demand since the 2020 Covid pandemic.In terms of production, BP expects its overall oil and gas production to remain broadly flat in the first quarter. However, the company has seen an improvement in refining margins, which rose to $16.9 a barrel in the first quarter from $15.2 a barrel in the previous quarter. This increase is expected to boost earnings from refined products by $100m to $200m.BP's update comes as its UK rival Shell also reported significantly higher oil trading profits for the quarter. Analysts have been revising their profit forecasts upward, with Citi raising its estimate for BP's adjusted net income to $2.6bn for the January to March quarter.New BP CEO Meg O'Neill, who took over this month, faces shareholders at the annual meeting on 23 April, where she is expected to discuss the company's strategy under her leadership, particularly its focus on oil and gas projects to enhance profitability.

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.