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Global financial markets experienced a significant shift on Wednesday as oil prices plummeted and stock markets rallied following comments from US President Donald Trump. He suggested that the conflict in Iran would be resolved within 'two to three weeks'.The international benchmark for oil, Brent crude, fell as low as $98.35 a barrel, marking a decline of over 15% from the previous day and its lowest level in a week. It later recovered slightly, trading down 2.5% at $101.Stock markets in Asia saw substantial gains, with Japan's Nikkei surging 5%, South Korea's Kospi jumping 8%, Hong Kong's Hang Seng rising 2%, and China's CSI 300 index up 1.7%. European markets also followed suit, with the UK's FTSE 100 up 1.8% and the Europe Stoxx 600 index rising 2.2%.Trump's comments on Tuesday sparked a relief rally in the US stock market, with the S&P; 500 rising 2.9%. He stated, 'Now we're finishing the job. I think in two weeks or maybe a few days longer, we'll do the job. We want to knock out everything they've got.'Market analysts are cautiously optimistic, with Emma Wall, chief investment strategist at Hargreaves Lansdown, noting that markets are 'choosing to believe the optimism from the White House.' However, she also warned that energy disruptions could continue for months, impacting inflation and economic growth.The prospect of interest rate rises in the UK has diminished, with money markets pricing in about 41 basis points of increases to the UK bank rate by the end of 2026, down from 66 basis points anticipated on Tuesday.The price of gold rose to its highest level in almost two weeks, up 0.8% to more than $4,700 an ounce.

The Iran war has triggered a massive energy shortfall in Asia, forcing governments to ramp up their use of coal, the dirtiest fossil fuel. Countries across the region, including South Korea, Thailand, the Philippines, India, and Bangladesh, are trying to compensate for a drop-off in imported energy, much of which comes from the Middle East.Climate experts have warned that the increased use of coal will have a devastating environmental impact, and that the energy crisis should be a wake-up call for governments to invest in renewables. The crisis has highlighted the importance of renewable energy for energy security in Asia.The global market has flipped within four weeks from a healthy supply surplus to a severe deficit, leading to price spikes and fuel shortages. Almost 30bn cubic meters of LNG has been removed from global supply chains, with over 80% of this loss affecting the Indo-Pacific region.Experts warn that it will take years to recover LNG supplies and that the crisis will have a lasting impact on the energy landscape in Asia. Governments are racing to overcome shortfalls, with some countries introducing measures to reduce energy consumption, such as four-day workweeks and remote work arrangements.

For theatre enthusiasts, April brings a range of exciting productions and performances. Patrick Stewart is set to read all 154 of Shakespeare's sonnets on Audible, a project that began as a pandemic hobby where he recited one sonnet each day on social media. This comprehensive collection, which includes his personal commentaries, will be available from April 7 and lasts almost four hours. In another notable production, Complicité presents 'I Don't Do Innocents', a radio play by Anne Carson directed by Simon McBurney, featuring a cast that includes Emma Corrin and Carson herself reading the stage directions. On the BBC, Sam Ryder gives a sneak preview of his Jesus Christ Superstar, which is set to appear at the London Palladium this summer, as part of the musical-theatre jamboree on iPlayer. Hosted by Jason Manford in Manchester, the event also features Victoria Hamilton-Barritt singing from Paddington: The Musical. Additionally, James Ijames' historical satire 'The Most Spectacularly Lamentable Trial of Miz Martha Washington' is set to run from April 9 to May 3. This play, which explores the life of the inaugural first lady of the US, could pair interestingly with 'Oh, Mary!' in the West End. The BBC is also celebrating the 120th anniversary of Henrik Ibsen's death with a comprehensive iPlayer season featuring various adaptations of his works, including two renditions of 'Hedda Gabler' and 'The Master Builder'. Other highlights include Rosie Sheehy's performance in 'King John' on Marquee TV and 'End' at the National Theatre, part of a trilogy by David Eldridge, which makes a compelling double bill with Stephen Poliakoff's 'Close My Eyes'. Finally, 'Back to the Future: The Musical' is set to embark on a UK tour after its run in London, with an Amazon Prime documentary offering a 'making of' insight into the show.

Qesser Zuhrah, a young pro-Palestine activist from the UK, has been arrested again just weeks after being released on bail. The 21-year-old was taken from her home in Watford, near London, on Monday morning by masked police officers.According to footage shared on social media, Zuhrah was handcuffed and placed into a car destined for prison. Her supporters claim she was arrested due to an Instagram story she posted, which allegedly encouraged people to take 'direct action'.Hertfordshire Police confirmed that a 21-year-old woman was arrested on suspicion of intentionally encouraging a crime and the encouragement of terrorism. However, they did not disclose her identity.Zuhrah is part of a group known as the 'Filton 24', who are alleged to have raided an Elbit Systems UK factory in Filton, near Bristol, on August 6, 2024. The group, Palestine Action, aims to counter Israeli war crimes and British complicity in them by targeting weapons manufacturers.Zuhrah had previously spent 15 months on remand without a conviction before being released in February. During her time in prison, she went on a hunger strike for almost 50 days to protest against the UK's ban on Palestine Action and the conditions in jail, which she described as inhumane.Her supporters argue that her arrest is part of a continuation of active repression targeting pro-Palestine activists in the UK. They also claim that the use of terrorism legislation to police social media posts relating to activism overreaches these powers, raising concerns about freedom of expression and the criminalization of political dissent.

Japan's oyster industry is facing a severe crisis as a mass die-off of oysters in the country's Hiroshima prefecture threatens the livelihoods of local fishermen and the national cuisine. The die-off, which has resulted in up to 90% of oysters dying in some areas, is attributed to a combination of rising sea temperatures and a brutally hot summer last year.The oyster industry in Hiroshima accounts for almost two-thirds of Japan's supply of farmed oysters, producing 89,000 tons of the shellfish in 2023. The industry's struggles have prompted the government to step in with support measures, including five-year government loans at virtually zero interest and access to mutual aid programs for aquaculture businesses.Experts warn that mass die-offs could become more common due to climate change and global warming. 'It's difficult to put the brakes on climate change,' says Kazuhiko Koike, a professor at Hiroshima University. 'But if the rainy season ends early again with little rainfall, and is followed by prolonged high temperatures and hot weather, this could mean that low oxygen levels and food shortages will occur again.'The crisis has significant implications for local businesses and consumers, with oyster's being a popular Japanese dish. 'This is something out of the ordinary,' says Taketoshi Niina, a fishery owner in Kure. 'A lot of those that do survive are in poor condition … they are not of a high enough quality to sell to shops and restaurants.'

Denby, a 217-year-old pottery firm based in Derbyshire, has appointed administrators, putting almost 600 jobs at risk of loss. The company, which owns the Burleigh brand, has struggled with surging energy costs, higher labour costs, tighter financial markets, and softening consumer demand for its premium homeware.Earlier this month, Denby's CEO, Sebastian Lazell, stated he was 'trying to move heaven and earth' to save the business. A #SaveDenby campaign was launched to encourage people to buy more products and lobby the government for support. Despite an 'overwhelming and deeply moving' response, the company was unable to secure 'strategic investment partners' to continue.Tony Wright, joint administrator of Denby Group, said: 'Denby is one of Britain's most beloved and enduring pottery brands... We are focused on progressing the sale process and encourage any interested parties to come forward without delay.'The problems at Denby come a year after Royal Stafford and Moorcroft pottery firms also called in administrators. Stoke's Wedgwood pottery has also announced job cuts. A string of consumer goods companies have fallen into administration this year due to lacklustre consumer spending and rising costs.

A remarkable discovery has been made in the world of music memorabilia. A torn page of lined paper bearing a draft of Bob Dylan's lyrics for 'I'm Not There' has been found tucked inside a first-edition paperback of Allen Ginsberg's 'Ankor Wat'. This extremely rare document is a significant find for Dylan collectors and fans. The draft lyrics were written almost 60 years ago, during the summer of 1967 in New York, when Dylan and his backing group The Band were prolific in their songwriting. 'I'm Not There' is considered one of Dylan's greatest songs and was finally released as part of the soundtrack for the 2007 film of the same name. The book in which the lyrics were discovered was owned by Sally Grossman, the wife of Dylan's first manager Albert Grossman and a close friend of the singer. It was gifted to her by Ginsberg himself in 1969 and remained in her estate until her death in 2021. The auction for the lyrics is set to take place in April, with an estimated value of £20,000-£40,000 (approximately $26,400-$52,800). This find is a significant addition to the world of music memorabilia, highlighting the enduring legacy of Bob Dylan and Allen Ginsberg.

A leading Rembrandt scholar, Gary Schwartz, has concluded that a portrait titled 'Old Man with a Gold Chain' and dated to the early 1630s is, in fact, an authentic work by the 17th-century Dutch master. The painting, which has been on loan from Sir Francis Newman, a Cambridge-based entrepreneur, has been reunited with its counterpart at the Art Institute of Chicago.Each of the paintings depicts an older man wearing a gold chain and a plumed hat. For almost four centuries, the two portraits have been separated, with the Chicago version considered the undisputed original. The Newman portrait, slightly smaller and painted on canvas, was previously labelled as a 'copy' by an artist in Rembrandt's workshop.However, Schwartz's research suggests that both paintings are by Rembrandt. He argues that the quality of the brushwork and the practice of Dutch artists creating replicas of their own paintings support this conclusion. In 1699, a French contemporary of Rembrandt noted that it was common for Dutch artists to repeat their works.X-ray and infrared imaging of the Chicago picture revealed underdrawing and adjustments to the man's costume, which were absent from the Newman canvas. This led Schwartz to conclude that the Newman painting was not a workshop reproduction but an original work by Rembrandt.The Hamilton Kerr Institute at the University of Cambridge found that the UK version's canvas and colour pigments matched those used by Rembrandt and his studio. If confirmed as a Rembrandt, the painting will go to a museum, according to Newman.

Eli Lilly, the US pharmaceutical group behind the Mounjaro weight-loss drug, is seeking to resume its investments in the UK after pausing them last year. The company is in talks with UK ministers to regularly increase NHS drug prices and end a rebate scheme. Patrik Jonsson, president of Eli Lilly's international business, expressed optimism about reaching an agreement this summer.The talks will also explore 'innovative' pricing plans, such as linking payments for anti-obesity drugs to whether the treatment helps patients return to work. This comes as the US pharmaceutical industry increases pressure on the UK, with Keir Starmer agreeing to the first increase in NHS cost-effectiveness thresholds in 27 years. The threshold was raised from £20,000 to £30,000 a year for every year of life gained to £25,000 to £35,000.Eli Lilly was one of several pharmaceutical companies that ditched or paused almost £25bn in planned investments in the UK last year. The company paused its plans to invest in a laboratory site in central London. Jonsson stated that the resumption of Eli Lilly's investment would depend on the outcome of its talks with the government.He emphasized that prices for medicines in the UK had been 'far too low for far too long' and that the threshold couldn't remain static for another three decades. The UK agreed to pay 25% more for new medicines by 2035 as part of a US-UK drug pricing deal, which could eventually reach £9bn a year.Large pharmaceutical companies have protested about a 'rebate' scheme, under which they are required to pay back a chunk of revenue from sales of branded medicines. This scheme is expected to fall in 2026, although Jonsson believes payments 'should actually get down to zero' over time.