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The Iran war is threatening to disrupt shipping of crucial parts manufactured in the Gulf, potentially delaying large offshore wind projects in Europe. Industry sources are concerned that components ordered from suppliers in the United Arab Emirates could become trapped if shipping remains effectively blocked through the strait of Hormuz.These projects include two giant offshore windfarms planned for UK waters, as well as a series of projects that will supply offshore wind power to Germany and the Netherlands. The UK windfarms, which will lie off the coast of Norfolk, were each awarded a 20-year support contract from the British government just a month before Iran effectively closed the strait of Hormuz.The developer behind the plans, the German renewables group RWE, has contracted a Dubai-based company to deliver more than 180 components from its UAE fabrication yard while the windfarms are constructed. The windfarms are expected to supply the equivalent of about 4m UK homes before the end of the decade, meaning they would play an important part in supporting Britain’s aim to quadruple offshore wind capacity by 2030.A spokesperson for RWE said it had begun liaising closely with its supply chain partners amid the Middle East conflict, which has included airstrikes against key infrastructure. “Our primary focus is the safety of those working in the area,” they said. “To date there has only been a limited effect on our supply chain partners’ activities, but we are monitoring the situation closely and putting mitigation plans in place should the situation continue for a prolonged period.”The shutdown of the strait may also have an impact on a large project by the transmission operator TenneT that will link offshore wind projects in the German North Sea to mainland Germany. The company has contracted a UAE fabrication yard to deliver structural steel components, including a 5,461-tonne jacket foundation built for the BorWin6 high-voltage transmission project.

Global markets experienced a significant shift as stock markets in Asia and Europe rose following reports that US President Donald Trump had sent a 15-point framework for peace to Iran. This development sparked hopes of a ceasefire in the Middle East, influencing market sentiment. The price of oil, which had fallen by 4% in early trading to below $100 (£75) per barrel of Brent crude, later recovered to approximately $100. This fluctuation was driven by the prospect of an end to the conflict easing the squeeze on oil supply. The straits of Hormuz, a vital shipping lane through which 20% of global oil supplies transit, had been effectively closed by Iran, causing a significant disruption to oil and gas shipments. Iran's announcement that it would permit “non-hostile” ships to pass safely through the strait of Hormuz helped to reopen this crucial waterway. This move, combined with the potential peace plan, contributed to the positive market sentiment. Stock markets in Asia saw notable gains, with Japan’s Nikkei rising by 2.9%, India’s S&P; BSE Sensex almost 2% higher, and Hong Kong’s Hang Seng up by just under 1%. European markets also saw increases, with the FTSE 100 in London up by almost 1%, Germany’s Dax trading 1.6% higher, and France’s Cac 40 climbing by 1.4%. However, Iran’s foreign affairs ministry informed the UN Security Council and the International Maritime Organization that “non-hostile” vessels could pass through the strait, which also poses a risk to global food security due to the disruption of fertiliser supplies. The World Trade Organization warned that this could lead to food price shocks. The conflict's impact on gold prices was also noted, as the metal traditionally seen as a safe haven asset during troubled times experienced a 13% decline to about $4,460 per ounce. Additionally, Larry Fink, CEO of BlackRock, warned that a prolonged conflict could lead to oil prices rising to $150 a barrel, potentially triggering a global recession.

Wales coach Craig Bellamy has urged his team to stay calm and focused ahead of their crucial World Cup playoff semi-final against Bosnia and Herzegovina on Thursday. Drawing inspiration from Usain Bolt's approach to high-pressure situations, Bellamy emphasized the need for his players to remain relaxed and composed under pressure.Bellamy, who has been in charge of Wales for nearly two years, believes that his team has the ability to perform at their best when they are calm and focused. He cited their seventh-ranked possession statistics in European countries since he took over, highlighting their ability to control games. The team has also shown resilience, with Ethan Ampadu deputizing for injured captain Ben Davies.The prize for success in the playoff is a spot at successive World Cups, which would not only bring prestige but also a significant financial boost and a positive impact on grassroots football in Wales. Bellamy is aware of the challenges posed by Bosnia and Herzegovina, having researched their background, culture, and squad composition. He noted that 11 of their 35-man squad were born in Bosnia, while the others come from the Netherlands, Germany, and Sweden.Bellamy expressed his confidence in his team's abilities, stating that “there won't be any regrets” regardless of the outcome. He emphasized that his team will give their all and that he is prepared for all possible outcomes. The coach also highlighted the importance of enjoying the experience and not letting pressure get to them, saying, “If you can't enjoy this and you only feel pressure, you ain't made for elite sport.”Wales' last experience in a playoff ended in pain, with Wojciech Szczesny being Poland's hero. However, Bellamy is determined to build a team capable of competing for top spot in qualifying and avoiding the need for playoffs in the future.

Europe is bracing for a potential energy crisis, with fuel rationing possible as early as April if the Strait of Hormuz, a critical passage for oil and gas supplies, remains closed. Shell's CEO, Wael Sawan, issued this stark warning at a major oil industry conference in Texas, highlighting the escalating risks to global energy supplies.The crisis, now in its fourth week, has already led to energy rationing in Asian countries and significant price hikes for jet fuel, which has doubled in price since the start of the conflict. Sawan predicts that diesel and petrol will come under pressure next, particularly as the summer driving season begins in the US and Europe.Oil prices have fluctuated, dipping back to about $100 a barrel on Wednesday after reaching highs of around $114 earlier in the week. These developments have raised concerns about the potential for a prolonged global economic recession if oil prices continue to rise, with some predictions suggesting they could hit $150 a barrel.Larry Fink, CEO of BlackRock, the world's largest asset manager, warned of profound implications for the world economy if the conflict continues to drive up oil prices. He outlined two possible scenarios: one where the conflict resolves quickly, allowing oil prices to return to pre-crisis levels of about $70 a barrel, and another where prices remain high for years, potentially leading to a stark and steep recession.Germany's economy minister, Katherina Reiche, also spoke at the conference, cautioning that energy supply scarcity could occur in late April or May if the conflict continues. She criticized Germany's decision to phase out nuclear energy and emphasized the need for greater imports of gas via super-chilled tankers from overseas.

Eritrea's national football team, popularly known as the Red Sea Camels, will host Eswatini, formerly known as Swaziland, in the Moroccan city of Meknes on Wednesday in the first leg of their 2027 Africa Cup of Nations qualifier. This marks the end of an 18-year absence from the premier African national team competition.The match at the 20,000-seat Stade d’Honneur was moved from East to North Africa due to Eritrea's lack of an international-standard venue. Eswatini will stage the return match on March 31, with the aggregate winners advancing to the group stage.Eritrea has not played in the Cup of Nations since a 2008 qualifier against Swaziland. The reason for their absence has not been officially explained, but it is widely believed that many players sought asylum while playing abroad, citing political repression and lengthy military service.The Eritrean National Football Federation President, Paulos Andemariam, announced that the isolation would end, saying, “After positive discussions with our government, we have registered to play in the 2027 AFCON, and I believe we will have a strong team, including many Eritreans playing outside Africa.”The Eritrean squad includes players from various countries, such as Australia, Egypt, England, Germany, the Netherlands, Norway, the Philippines, and Sweden. Siem Eyob-Abraha, with English second-tier club Sheffield United, and Egypt-based striker Ali Sulieman are expected to start.Eritrea's lack of match practice could be a disadvantage, as their last competitive international was a World Cup qualifying defeat in Namibia seven years ago. FIFA has omitted Eritrea from the national team rankings, while Eswatini are 46th in Africa and 159th in the world.

The UK defence industry is in a state of crisis as a long-delayed military spending plan has left firms 'bleeding cash' and in 'paralysis'. The six-month delay to the defence investment plan (DIP) has resulted in some companies going bust, while others are struggling to stay afloat.Industry groups have warned that the delay has left the UK behind Germany and the US in attracting investment from global investors. The DIP, originally expected last autumn, has been repeatedly postponed amid warnings that the military faces a £28bn funding gap over the next four years.Samira Braund, the defence director of the ADS Group trade body, described the situation as 'paralysis', stating that the government has not put effective mitigation plans in place. The boss of BAE Systems, Europe's biggest defence contractor, has urged ministers to publish the plan, while some smaller firms have been forced out of business.One such company was MTE Heat Treatment, a Yorkshire-based manufacturer with just over 30 employees that helped make turbine blades for jet engines. It fell into administration in February. Andrew Kinniburgh, the head of the trade body Make UK's defence arm, warned that the delay risks deterring investment in the UK at a time when the US and Europe are also raising military spending.The DIP will show how the government plans to fund its strategic defence review, the blueprint for transforming the military amid growing threats from Russia, rising commitments to Nato and against the backdrop of the US-Israel war on Iran. Ministers accepted all the review's recommendations when it was published last June, but the head of the military, Air Chief Marshal Sir Richard Knighton, told MPs in January that defence cuts would be needed without more funding.

Iran has granted safe passage through the Strait of Hormuz to ships from select countries, including Pakistan, India, and Turkey, despite its ongoing war with the United States. The strait, a vital waterway for global oil shipments, has been effectively blocked since the conflict began on February 28, causing oil prices to skyrocket above $100 per barrel.On March 2, Ebrahim Jabari, a senior adviser to the commander-in-chief of Iran's Islamic Revolutionary Guard Corps (IRGC), announced that the strait was 'closed' and warned that any vessels attempting to cross would be 'set ablaze' by the IRGC and the navy. This move led to a significant increase in oil prices, with Brent crude rising 2.5 percent to $105.70 on Monday, more than 40 percent higher than before the war began.Iranian Foreign Minister Abbas Araghchi revealed that Tehran had been approached by several countries seeking safe passage for their vessels, with the decision ultimately resting with the military. He confirmed that a group of vessels from 'different countries' had been allowed to pass through, although details were not provided.Pakistan was one of the first countries to have a ship pass through the strait, with a Pakistani-flagged Aframax tanker called Karachi sailing out of the Gulf on Sunday. India also secured permission for some of its vessels to pass through, with two Indian-flagged tankers carrying liquefied petroleum gas safely crossing the strait on Saturday.In addition, Turkey obtained permission for one of its ships to pass through the strait after authorities received approval from Tehran. China is reportedly in talks with Iran to secure safe passage for its crude oil and Qatari liquefied natural gas carriers, with 45 percent of China's oil imports passing through the strait.Meanwhile, France and Italy have requested talks with Iran regarding safe passage for their ships, according to reports. The US has proposed a naval coalition to secure the strait, but countries such as Germany and Greece have ruled out military involvement.

Global stock markets swung wildly on Monday as investors reacted to US President Donald Trump's decision to postpone military strikes on Iranian power plants. The move led to a relief rally in European markets, with the French Cac 40, Spanish Ibex, and German Dax all rising by 0.8%, 1%, and 1.2% respectively.The FTSE 100 share index, which had fallen by almost 1.5% in early trading, reversed course to gain 0.4% before paring back to close down 0.2%. US markets were up more than 1% in early afternoon trading on Wall Street.Oil prices, which had been rising after Trump threatened to strike Iranian infrastructure, dropped sharply. Brent crude, the international benchmark, fell 10% to $101 a barrel. The UK month-ahead gas prices fell 6% to 142p a therm.Trump announced on his social media platform Truth Social that the US and Iran had “very good and productive conversations” over the past two days regarding “a complete and total resolution of our hostilities in the Middle East”. He said he had instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five-day period, subject to the success of ongoing meetings and discussions.The global economy has been bracing for much higher oil prices due to disruption in the strait of Hormuz, with Goldman Sachs forecasting Brent crude will average $85 a barrel this year, up from previous expectations of $77 a barrel. Brent hit $119.50 a barrel earlier this month, the highest since the war began.

In 1986, thrash metal reached a critical point with landmark albums from Slayer, Megadeth, and Metallica. However, across the Atlantic, a group of teenagers were forging their own path in the genre. Kreator, Sodom, Destruction, and Tankard, dubbed the 'big four' of German thrash metal, were faster and meaner than their American counterparts.These bands made up for their lack of finesse and professionalism with sheer aggression. Destruction vocalist and bassist Marcel 'Schmier' Schirmer notes that they focused on writing songs that 'punched hard' rather than striving for musical perfection.The German thrash metal scene was marked by its rough and violent approach, with bands drawing inspiration from English heavy metal albums and American thrash metal bands like Slayer. The scene was also influenced by the political climate of the time, with the presence of the Berlin Wall and the Cold War.Bands like Formel 1 from East Germany, who released their live album Live Im Stahlwerk in 1986, were also part of the thriving metal scene. Despite the challenges faced by these bands, including limited resources and censorship, they managed to create a lasting impact on the metal genre.Today, bands like Kreator, Sodom, and Destruction continue to tour and produce new music, with Kreator's 16th album, Krushers of the World, and Destruction's upcoming US tour with Overkill and Testament. The legacy of German thrash metal remains strong, with its unbridled aggression and brutal sound continuing to influence metal musicians to this day.