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The UK is bracing for a potential third inflationary shock in less than a decade as the conflict between Iran and the US threatens to disrupt oil supplies. The Strait of Hormuz, a critical waterway for global oil supplies, is at risk of being blocked, which could lead to a significant increase in oil prices. The impact of such a disruption would be felt globally, with Asia being particularly affected as it buys 80% of the oil transported through the strait. Countries in the region are already experiencing the effects, with governments imposing limits on driving and shortening working weeks to conserve energy. Populations are struggling with dramatic hikes in food prices and shortages of petrol and diesel. In Bangladesh, the government reportedly believes it will run out of oil and gas within weeks. To conserve fuel, some temples in Thailand have stopped cremations. The energy-supply storm may well hit the UK's shores just before next month's elections, prompting Keir Starmer to call Cobra meetings and Rachel Reeves to summon business leaders into Downing Street. The poorest households will be hit hardest by the inflationary shock, with food producers predicting prices will rocket nearly 10% this year. According to calculations done exclusively for this column by the Energy and Climate Intelligence Unit (ECIU), that will add £127 to the average household's annual food bill. However, the ECIU also notes that because the poorest spend proportionately more of their money on food, they will be hit far worse. The author suggests that the UK needs to adopt a more progressive approach to utility pricing, with a move away from fossil fuels and from the current system of ownership. The days of relying on a growth miracle are over, and the UK needs to focus on addressing the inequality and regressive utility pricing that will exacerbate the impact of the inflationary shock.

Cricket Australia released its 21‑man contract roster for the 2026‑27 season, rewarding most Ashes‑winning players but leaving out Sam Konstas and veteran all‑rounder Glenn Maxwell as the board prepares for an unusually dense calendar. Fast‑bowler Brendan Doggett, who debuted in the opening Ashes Test at Perth last November, secured his first national contract. Meanwhile, opener Jake Weatherald retained an upgraded deal despite a modest series average of 22.33 runs. Both Michael Neser and spinner Todd Murphy were again awarded full contracts, reflecting the board’s focus on depth ahead of a schedule that kicks off with a two‑match home Test series against Bangladesh in August. Following the Bangladesh series, Australia will embark on ODI tours of Zimbabwe and South Africa, a home white‑ball series versus England, and a marathon stretch of 10 Test matches in 14 weeks. The latter includes contests against New Zealand, India and the historic 150th Anniversary Test at the MCG. Konstas, who burst onto the scene with a memorable 60‑run debut against India on Boxing Day 2024, failed to build on that promise, accumulating only 103 runs across nine further Test innings for an average of 16.30. The lack of consistency cost him a place on the new list. Despite the setback, selector chair George Bailey stressed that the 20‑year‑old’s journey is far from over. “He is highly talented and still on a development path,” Bailey said. “We saw encouraging signs toward the end of the season, with more consistent starts in the Sheffield Shield.” Bailey added that Konstas could feature in the upcoming Australia A tour to India, noting the board’s continued interest in his progress. Alongside Konstas and Maxwell, the contract cuts also affected Lance Morris, Jhye Richardson and Matt Short. Long‑time opener Usman Khawaja remains absent following his retirement. Weatherald’s contract renewal signals the selectors’ confidence in his potential to open the batting against Bangladesh, although Bailey cautioned that final selections will be made closer to each series, with extensive camp periods in Brisbane to fine‑tune the squad. Current contracted players: Xavier Bartlett, Scott Boland, Alex Carey, Pat Cummins, Brendan Doggett, Nathan Ellis, Cameron Green, Josh Hazlewood, Travis Head, Josh Inglis, Matthew Kuhnemann, Marnus Labuschagne, Nathan Lyon, Mitchell Marsh, Todd Murphy, Michael Neser, Steve Smith, Mitchell Starc, Jake Weatherald, Beau Webster, Adam Zampa.

Qatar’s foreign ministry announced that Iran’s recent assaults have crossed numerous red lines and stressed the urgent need for de‑escalation amid the ongoing US‑Israel war with Tehran.During a Tuesday press briefing, spokesperson Majed al‑Ansari warned that Iranian attacks on Qatar are having a catastrophic impact on bilateral relations.Al‑Ansari appealed to every combatant to refrain from targeting nuclear or energy infrastructure, cautioning that any further escalation will mean more losses for all parties.Since the joint US‑Israel offensive began at the end of February, Iran has struck a string of regional states—including Iraq, Syria, the United Arab Emirates, Saudi Arabia, Bahrain, Oman, Jordan and Kuwait—despite none being directly involved in the conflict.While Tehran maintains that its operations target only U.S. assets in the region, the affected nations report damage to civilian infrastructure such as airports, power plants and ports, alongside civilian casualties.Qatar, a longtime mediator in Middle‑East disputes, clarified that it is not part of Pakistan’s diplomatic effort to end the war, though it continues “ongoing communications with all parties, including mediators and other regional players.” The Qatari side added that it fully supports Pakistan’s peace initiative and hopes it will yield lasting stability.In recent developments, Pakistan hosted a four‑nation dialogue with Turkey, Saudi Arabia and Egypt to discuss ending the war and reopening the Strait of Hormuz. Together with China, Pakistan unveiled a five‑point initiative calling for an immediate cessation of hostilities, protection of sovereignty and territorial integrity of Iran and Gulf states, safety of non‑military targets, secure shipping lanes—including the strategic Strait of Hormuz—and a durable peace grounded in the United Nations charter and international law.U.S. Defense Secretary Pete Hegseth reiterated that while diplomatic channels remain active, the United States is keeping the option of military escalation on the table.

Coordinated strikes by United States and Israeli forces hit Tehran, Isfahan and several other Iranian cities on Tuesday, prompting widespread power outages and extensive damage to civilian sites. The Ministry of Energy confirmed that shrapnel from the raids ruptured a primary power‑transfer line, but the outage was restored within a few hours. Among the most critical targets was the Tofigh Darou pharmaceutical complex in the Karaj industrial zone. The facility, which supplies over 90% of Iran’s domestically produced medicines—including cancer and multiple‑sclerosis treatments—sustained heavy damage from multiple projectiles. In central Iran, Isfahan endured a barrage of heavy bunker‑buster bombs over a nearby mountainous area, likely aimed at military installations. The explosions triggered secondary blasts that illuminated the night sky and produced reverberating shockwaves across the city. North‑west of Tehran, in Zanjan, a building identified as the administrative department of the Hosseinieh Azam religious centre was struck, resulting in at least four fatalities and several injuries. Iranian authorities now claim that more than 2,000 people have been killed by US‑Israeli attacks since the conflict erupted on 28 February, with residential blocks, schools, hospitals and historic sites also affected. Additional targets this week included civilian nuclear facilities, major steel producers, petrochemical plants, and the Iran University of Science and Technology, where an imaging satellite was developed. A professor linked to Iran’s missile programme and his two children were assassinated at their home in northern Tehran. U.S. President Donald Trump reiterated threats to strike Iran’s oil and gas infrastructure, power plants and water‑desalination facilities. Despite the onslaught, the Islamic Revolutionary Guard Corps (IRGC) continues to project defiance. A spokesperson for the Khatam al‑Anbiya Central Headquarters declared that Tehran’s adversaries are “humiliated and on the path of destruction,” while senior commander Ali Fadavi warned that American warships are vulnerable and allegedly transmit false transponder signals. The IRGC also released footage of ballistic missiles aimed at Israel and surrounding nations, and claimed to have downed two U.S. MQ‑9 Reaper drones, promising retaliatory strikes against technology firms linked to the United States and Israel. Domestically, the judiciary announced the execution of two members of the foreign‑based Mojahedin‑e‑Khalq (MEK) group, labeling them terrorists. This follows a series of recent executions tied to the January protests and broader dissent. Authorities also issued new indictments against roughly 200 individuals accused of assisting the U.S. and Israel, including alleged “mercenaries” who disseminated strike footage abroad. Penalties for national‑security offenses now encompass asset confiscation and capital punishment. President Masoud Pezeshkian convened his first cabinet meeting since the war’s onset in a makeshift, blue‑covered space, emphasizing that any peace negotiations will safeguard Iran’s “dignity, security and national interests.” Israel’s Channel 14 reported that Pezeshkian sought greater negotiating leverage with the United States, a request allegedly rebuffed by IRGC chief Ahmad Vahidi.

Iranian emergency responders have managed to rescue two civilians trapped under rubble in the aftermath of airstrikes attributed to the United States and Israel. The incident highlights the humanitarian impact of military actions in the region.The rescue efforts, carried out by Iranian teams, demonstrate the challenges faced by emergency services in areas affected by conflict. Details about the exact location and the number of casualties remain limited.

Somalia's national army has taken control of the strategic city of Baidoa, the largest in Southwest state, prompting the regional leader to resign. The city's takeover comes two weeks after the Southwest state administration announced it was severing ties with the federal government.The city of Baidoa, located about 245 km northwest of the capital Mogadishu, is home to international peacekeepers and humanitarian agencies in an area affected by drought, conflict, and displacement.Abdiaziz Hassan Mohamed Laftagareen, the President of Southwest State, announced his resignation on Facebook, stating that he had been in office for more than seven years. His resignation comes days after he was re-elected for another five-year term, an election the federal government deemed illegal.Earlier on Monday, Somalia's federal forces entered Baidoa, taking full control of the city and marking the start of a political transition. A local elder described the city as calm but a ghost town.The Southwest state's transition began with the appointment of its finance minister, Ahmed Mohamed Hussein, as acting president through a formal decree. The central government in Mogadishu hailed the state's transition and urged calm and unity.The federal government emphasized that no acts of retaliation will be tolerated, underscoring its commitment to protecting lives and property during this sensitive political transition.The dispute with Southwest is the latest sign of strain in Somalia's fragile federal system, where disputes over elections and the balance of power between Mogadishu and regional administrations repeatedly open up political fault lines.

Heavy rain has caused devastating floods and landslides in Afghanistan and Pakistan, resulting in at least 45 deaths over the past five days. Afghanistan's National Disaster Management Authority (ANDMA) reported that 28 people have been killed and 49 injured in Afghanistan, with over 100 homes destroyed. The majority of deaths in Afghanistan occurred in central and eastern provinces, including Parwan, Maidan Wardak, Daikundi, and Logar. ANDMA warned that weather conditions remain unstable, posing a continued risk of more rain and flooding in some areas. A total of 1,140 families have been affected by the floods. In Pakistan's Khyber Pakhtunkhwa province, which shares a border with Afghanistan, 17 people were killed and 56 wounded, according to the Provincial Disaster Management Authority. The floods have prompted the closure of several highways and further rains and storms are forecast. Afghanistan is particularly vulnerable to extreme weather, especially heavy rainfall and monsoon seasons, which frequently trigger floods and landslides in remote areas with fragile infrastructure. In January, flash floods and snowfall caused at least 17 deaths and killed livestock.

England suffered a 0-1 defeat to Japan in a friendly match at Wembley, with Kaoru Mitoma scoring the winning goal. The match saw several England players struggle, including Ben White and Kobbie Mainoo, who received low ratings.Jordan Pickford had a mixed game, with no chance to save Mitoma's goal but making a good save from Ritsu Doan. He received a rating of 6. Marc Guéhi was one of the better performers in defense, blocking a shot in the second half and earning a rating of 6.The defeat raises questions about England's form, particularly with Phil Foden and Anthony Gordon struggling to make an impact. The team's World Cup hopes may be affected by this loss.Substitutes Jarrod Bowen, Lewis Hall, Dominic Solanke, and Marcus Rashford all received positive ratings, but it was too little, too late to change the outcome of the match.

An Israeli airstrike has targeted a residential building in Beirut, Lebanon, resulting in substantial damage to an apartment. The incident occurred on March 30, 2026, at 15:54:52 UTC. Details about casualties or further repercussions are not provided.The airstrike is a concerning development in the Israeli-Palestinian conflict, which has historically affected Lebanon and the broader region. Beirut, being the capital of Lebanon, is often at the center of such geopolitical tensions.The source of this information is Al Jazeera, a well-known news organization. However, no additional details have been provided regarding the aftermath of the strike or statements from involved parties.