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The Surge in Oil Prices Oil prices soared more than 6 percent on worries about prolonged supply disruption in the Strait of Hormuz and fears of a lengthy US siege of Iranian ports, settling at their highest levels in weeks. Market Reaction and Price Increases US crude settled up 6.95 percent at $106.88 per barrel on Wednesday, and Brent crude, the international benchmark, was up 6.08 percent, or $6.77, at $118.03 after earlier touching its highest price since June 2022. Brent crude futures for June continued to rise on Thursday to $119.94 per barrel as of 00:57 GMT. US West Texas Intermediate futures were at $107.51. The Impact of the US-Iran Conflict Oil prices continue to surge with no resolution in sight to the two-month-long US-Israel war on Iran, and as supplies of fuel remain snarled in the Strait of Hormuz, where Iranian forces have imposed a blockade on the transit of vessels and the US is besieging Iranian ports and shipping. US Response and Potential Mitigation Measures A White House official said on Wednesday that US President Donald Trump had asked US oil companies about ways to mitigate the impact of a potentially months-long siege of Iranian ports. The president and the oil executives “discussed the steps President Trump has taken to ⁠alleviate global oil markets and steps we could take to continue the current blockade for months if needed and minimize impact on American consumers,” the White House official said. Regional Impact and Economic Concerns “Prospects for any near-term resolution to the Iran conflict or a reopening of the Strait of Hormuz remain dim,” IG market analyst Tony Sycamore said in a note on the current situation. Al Jazeera’s Barnaby Lo, reporting from Seoul, South Korea, said almost the entire Asia Pacific region is dependent on oil imports and much of those supplies come from the Middle East. “So with the price of Brent crude touching $120 a barrel, there is no doubt that is going to have a huge impact on the region. The Asian Development Bank already cutting its growth forecast for the region from 5.1 percent to 4.7 percent this year,” Lo said. UAE's OPEC Exit and Market Implications President Trump on Wednesday also welcomed the announced withdrawal of the United Arab Emirates (UAE) from the Organization of the Petroleum Exporting Countries (OPEC), saying, “I think it’s great”. The UAE’s President Mohamed bin Zayed Al Nahyan was “very smart” and probably wanted to go his “own way”, Trump said. “I think ultimately it’s a good thing for getting the price of gas down, getting oil down, getting everything down,” Trump added.

Executive Summary: Surgery’s Surprising BackfireA 10‑year Finnish trial involving 146 patients aged 35‑65 reveals that partial meniscectomy for meniscus tears provides no functional benefit and leads to poorer knee health compared with sham surgery.Trial Design and Sham‑Control MethodologyResearchers from five Finnish hospitals randomly assigned participants to either traditional partial meniscectomy—trimming frayed cartilage—or a sham procedure where incisions were made but no tissue was removed. This rigorous design isolates the surgical effect from placebo influences.Key Outcomes and Quantitative FindingsPatients undergoing surgery reported lower knee‑function scores after 10 years.Higher progression of osteoarthritis was observed in the surgical group.Increased likelihood of needing additional knee surgery compared with the sham group.Overall, the surgical cohort fared worse across pain, stiffness, and functional metrics.Implications for Orthopedic Practice and Guideline ShiftsLead author Prof Teppo Järvinen describes the results as a classic “medical reversal,” challenging decades of routine meniscectomy. The study supports recent guideline updates that extend the recommended observation period from three to six months before considering surgery. Nonetheless, some clinicians, such as Mark Bowditch, note that a subset of patients with mechanical catching may still benefit.Future Outlook: Toward Conservative ManagementWith major bodies like the American Academy of Orthopaedic Surgeons and the British Association for Surgery of the Knee facing mounting evidence, the field is likely to see a continued decline in elective meniscus surgeries. Expect greater emphasis on physiotherapy, patient education, and stricter criteria for operative intervention, while ongoing research monitors long‑term outcomes of non‑surgical pathways.

The Congressional Hearing United States Secretary of Defense Pete Hegseth has faced his first public questioning from Congress on the US-Israel war with Iran. Over hours of tense testimony alongside Chairman of the Joint Chiefs of Staff Dan Caine, Hegseth batted away questions about the long-term goals and timeline of war, which began with the US-Israel launching attacks on Iran on February 28. $25-billion Price Tag For the first time, the Pentagon publicly put the price tag of the war so far at $25bn, with Hegseth delivering an at-times caustic defence of US President Donald Trump’s policy. Hegseth also defended the White House’s historic request of a $1.5 trillion defence budget. Questions Over Iran's Nuclear Programme It was on the subject of Iran’s nuclear programme that Hegseth faced some of the harshest questioning, with lawmakers grilled the Pentagon chief on the war’s aims. Representative Adam Smith, a Democrat, seized on Hegseth’s apparently contradicting statements that Iran’s nuclear programme was “obliterated” following the 12-day war with Iran in 2025 and that it presented an imminent threat in the run-up to the most recent war. Don't Call it a 'Quagmire' In one of the most heated exchanges of the day, Hegseth bristled when Representative John Garamendi, a Democrat, called the war a “quagmire” and a “political and economic disaster at every level”. The Pentagon chief accused the lawmaker of “handing propaganda ⁠to our enemies”. No Quarter for Enemies? Moulton also asked Hegseth about his past statement that US forces would allow “no quarter, no mercy for our enemies”. The phrase has historically referred to killing enemy combatants, even if they have surrendered, a war crime under international and humanitarian law. Caine Appears to Give Higher US Death Toll The chairman of the Joint Chiefs of Staff also presented a stout defence of the war during his opening remarks, saying Iran remains “a weaker and less capable than they have been in decades”. During the statement, Caine referenced 14 members of the US military who had died during the war. To date, the Pentagon has only identified 14 casualties. Republicans Show Support While Democrats on the committee pursued a series of pointed questions, Republicans were generally supportive of Hegseth and the war. That is significant, as Friday will mark 60 days since Trump officially notified Congress of the US-Israeli strikes on Iran. Under the 1973 War Powers Act, Trump is theoretically required to begin withdrawing troops after 60 days or receive congressional authorisation to keep fighting.

The Flawed Mandate Plan A simple principle lies at the heart of pension investment: the pension manager must invest in the best interest of the client. UK ministers have often wished UK funds would show more home bias by channelling more pensioners’ cash towards domestic assets in the interests of economic growth, but the fundamental rule of the game has always been understood. You don’t mess with the fiduciary duty. Rachel Reeves's Mansion House Accord Thus, when Rachel Reeves a year ago unveiled her Mansion House accord – a pledge by 17 of the biggest providers to earmark a slice of workplace pensions for UK private assets – it was made clear the arrangement was voluntary. What’s more, as the signatories emphasised, the commitment was “subject to fiduciary duty and the consumer duty” and “dependent on implementation by the government and regulators of critical enablers”. The Data Analysis The accord's goal was to allocate 10% of assets to private markets (think infrastructure, property, venture capital), of which half would be in the UK. All the big names – Aviva, Legal & General, M&G;, Mercer, NatWest and more – were on board. Their progress towards the target could be measured. The Impact Analysis Life became messy, however, when Reeves raised the prospect of having powers to mandate the funds to follow through on their commitments. One can understand her motivation, of course. If you think more UK investment by UK funds means faster UK growth, you want to be confident the cash will flow. Yet “backstop” powers always failed a test of logic: how can a pledge be both voluntary and enforceable? The Prediction In short, a back-stop power will still exist – but only in heavily diluted form. The powers can’t be used before 2028. They will disappear if not used by 2032, and by 2035 if they are. Critically, a “saver’s interest test” means the government would have to ask the financial regulator to assess any ministerial direction to mandate. Nor can ministers force money towards specific projects, meaning the HS2 nightmare is off the table.

The Ultimate Collecting ChallengeFor generations of football fans, no World Cup would be complete without the thrill of opening a packet of Panini stickers and discovering legendary players staring back. This year's tournament in the United States, Canada and Mexico presents the biggest challenge yet for sticker collectors, with the expanded 48-team format requiring a record-breaking collection.Record-Breaking Collection DetailsWith 48 nations heading for the tournament in June and July – the largest edition ever – 980 unique stickers, including 68 "special" ones, will be required to fill the 112-page album. Panini's biggest-ever collection was launched at a special event at Wembley Stadium, where former England players David James, John Barnes and Gary Cahill shared their sticker-hunting memories.The Financial Reality of Completing the SetIndividual packets of seven stickers retail at 1.25 pounds ($1.69) in the United Kingdom. Even with impossibly perfect luck and no duplicates, 140 packets would be required, costing 175 pounds. Statistically, however, more than 1,000 packets may be necessary to acquire every player in the album, meaning an outlay in the region of 1,000 pounds ($1,351).The Evolution of Sticker Collecting CultureAs former Chelsea defender Gary Cahill noted, "As someone who grew up collecting Panini stickers, swapping with friends in the playground and trying to complete the album every tournament, the album has always marked the real start of a World Cup for me!" This cultural phenomenon continues to evolve, with Panini now hosting live "swap shops" and "Sticker Boxes" to help collectors find their must-have players.The Investment Potential of Vintage StickersWhen the dust has settled on the World Cup, it might also be prudent to store duplicates in the loft, as there is a burgeoning market in vintage stickers. In 2021, a 1979 Panini sticker of a 19-year-old Maradona sold for 470,000 pounds (about $556,000 at the time) at auction, demonstrating how these small pieces of cardboard can become valuable memorabilia over time.

The Forensic Technology BreakthroughCo-op is secretly marking commonly-stolen items including alcohol, laundry detergents, and sweets with invisible "forensic spray" to track them, in the latest crackdown on shoplifting as a new law on retail crime kicks in. The grocer uses a spray containing a unique forensic code for a particular location where the items were sold, allowing police to identify which Co-op store the items originated from when investigating physical shops or online stores suspected to be selling stolen goods.The technique has been tested in Manchester and London since last year and is now being rolled out across the country. Police forces have previously used similar tactics to track down stolen bikes and valuables, and to protect domestic abuse victims.The Security Investment AnalysisThe Co-op has invested approximately £250m in security measures including body-worn cameras for staff, additional security guards, reinforced kiosks for high-value products such as spirits and tobacco, and special shelving that prevents large amounts of goods being swept into bags. The retailer has also implemented AI technology to help identify unusual activity via CCTV cameras in stores and alert staff so they can intervene.These measures have yielded significant results. The Co-op reported that crime in its stores decreased by a fifth last year, while physical attacks on staff fell by almost a third year-on-year. The retailer has also partnered with police in 20 areas to share evidence such as CCTV images, resulting in 500 prolific offenders receiving custodial sentences collectively amounting to more than 100 years.The Industry-Wide ImpactThis initiative is part of a broader industry response to rising retail crime. The Co-op's approach represents a shift from merely preventing theft to actively disrupting the resale networks that drive organized retail crime. Paul Gerrard, policy director at the Co-op, emphasized: "We have made it harder to steal things and now we are making it harder to sell."The retailer's efforts align with new legislation under the crime and policing bill, which passed into law with measures including a new standalone offense of assaulting a retail worker and easier action for thefts of items worth less than £200. Police are collaborating with retailers through the "Opal project" in an attempt to tackle retail crime more effectively.The Future OutlookIndustry experts predict that technology-based solutions like forensic marking will become increasingly common as retailers seek innovative ways to combat theft. The Co-op's success in reducing crime by 20% through these measures may encourage other retailers to adopt similar technologies.Prime Minister Keir Starmer has noted that "the tide could be turning" on shoplifting, pointing to a 17% rise in people charged for what has become a hot political issue. He emphasized that CCTV footage should be shared more immediately with police and that "the hope of technology" could make a significant difference in addressing retail crime.Despite these positive developments, challenges remain. The Co-op reports that approximately 100 staff members still face abuse in one day, with up to four being physically attacked. Gerrard noted that while progress is being made, continued investment and collaboration between businesses, police, and government will be essential to create safer retail environments.

The Impact of US Sanctions on Iran's Economy Iran's national currency has plunged to new lows as authorities mobilise to dampen the impact of the naval blockade enforced by the United States. The Iranian rial shot above 1.81 million to the US dollar on the open market by early afternoon on Wednesday before partially recovering. The Freefall of the Rial The embattled currency changed hands for about 1.54 million earlier this week, and its rate was about 811,000 per US dollar a year ago. The rial had remained relatively stable over the past two months after experiencing an earlier drop as US forces amassed in the lead-up to the US-Israeli war on Iran, which began at the end of February. Economic Consequences of the Blockade The latest freefall follows on from unchecked inflation, which has been increasingly plaguing the Iranian economy as a result of mismanagement and sanctions, and continues to ravage households. Washington now has three aircraft carriers in the region and is bringing in more troops and equipment as Israel expresses readiness to restart fighting, three weeks after a ceasefire began. Non-Oil Trade Takes a Hit According to customs data released by state media, Iran's non-oil trade has been negatively affected after commercial ties were disrupted or cut off as a result of the war, and critical infrastructure was bombed. Iran's customs authority put the total value of non-oil trade in the Iranian calendar year that ended on March 20 at close to $110bn, with $58bn going to imports. Oil Exports in the Crosshairs The US is using its military capabilities and economic chokeholds to drive down Iran's oil exports, a goal that it has also pursued over recent years through sanctions. Since mid-April, the US military has been deploying its soldiers to take over or inspect ships transiting through waterways near Iran, in addition to targeting what is known as a shadow fleet of tankers used by Iran to circumvent sanctions and ship its oil.

The Digital Roundabout: Understanding Phone AddictionWake up, 100 messages from group chat overnight about something – what? another assassination attempt; a village destroyed in Lebanon; the football result in England; the weather in Iran being manipulated; the pesticides causing lung and bowel cancer, so everyone who eats salads is now at risk of cancer; meditate for 20 minutes, then fire up x.com, a place I thought I'd never want to revisit, with its carnival barkers and supplement salesman, and have you seen the Lego thing calling Trump a paedo?, you gotta see the Lego thing, and this is before my first coffee, yet x.com is the coffee and the tea, whatever Elon has done to the For You algorithm is evil genius, it's like the global collective id, nasty and funny and addictive and compelling – like gawking at a car crash, like soaking in a hot bubble bath of anger, and memes, and geopolitical dramas, and Trump, Trump, Trump – soaking in Trump, and then, For Me (just as Elon promised).So begins the circuit around my phone, that goes all day and night, around the tiny screen with its icons (when a born-again Christian once told me he had favourite icons, for a long time I thought he meant apps, not pictures of the Virgin Mary). I started to feel like I was in Canberra, on one of those enormous roundabouts, rotating between the icons – not Joseph, not Jesus, but X and WhatsApp and TikTok and even LinkedIn for Christ sakes – round and round from one app to the next, just checking, checking in case something is happening. I watched tiny videos and maybe, occasionally, got distracted by the novel I am meant to be writing, which is due on 31 July. But the novel is boring, just a static Word doc on a screen, it's not giving; it's taking hard work. So I spend six minutes with my novel, and then it's time to go back to my phone, to circle the roundabout visiting all my icons again, like a demented Stations of the Cross, because I can't focus, I just can't focus on work right now when there is so much good scrolling to do …Clearly, this had to stop or I would become deranged and my novel wouldn't get finished by 31 July.But what could break the hold of a phone that seemed more and more addictive every day?The Physical Solution: Brick and Locked DevicesThen, while listening to a Guardian podcast (on my phone) I came across an author talking about a device that locked her phone and gave her her time and attention span back.I had tried apps to lock my phone before, but somehow having them embedded in the phone itself was like placing a piece of fruit in a box of chocolates. Sure you go in there to retrieve the fruit, but you end up distracted by the chocolates. Before you know it, the chocolates have been eaten! The fruit, of course, remains untouched and rotting.I needed an external device to lock my phone. This author was talking about something called Brick ($59US; £54 or $120 AUD including postage), a small plastic puck that you place on your phone which locks its most appealing apps. Hard!The Brick and its cheaper rival Locked ($39USD; £32; $59AUD) use Near Field Communication (NFC) technology to block whatever apps you nominate. To unblock them, you have to physically return to the puck and tap it against your phone. You can set a timer – I set it for one or two hour blocks when I want to focus on my novel – and if you try to unBrick beforehand, it asks you if you want to have a life, or if you want your phone back. That prompt is enough to make me affirm that, yes, I want a life.The Economics of Digital AttentionWhat Brick understands, and what every app-based screen time limit fails to grasp, is that the problem is not information or intention. I already knew I was using my phone too much. The problem is friction, or rather the total absence of it. Digital guardrails collapse the moment you need them most: one tap and you're back on Instagram. Brick makes that tap a physical hurdle.Using the Brick at night has been transformative. The hours I was losing in the roundabout, I now spend reading, thinking and occasionally just sitting in silence.The novel is moving again and I can focus in longer and longer increments.The algorithm doesn't get me after 8pm any more, and it turns out the algorithm, deprived of its evening session, has less purchase on me during the day too.The Psychology of Digital BoundariesBrick hasn't cured my addiction, but it has restored the thing addiction most destroys, which is the moment of pause between impulse and action.These physical devices represent a growing recognition that our relationship with technology requires more than just self-control – it needs environmental design and intentional friction to counteract the sophisticated algorithms designed to capture our attention.As digital products become increasingly sophisticated at capturing and holding our attention, the market for tools that help us reclaim our time and focus is likely to expand beyond simple app blockers to more comprehensive systems of digital wellbeing.The Future of Digital WellbeingLooking ahead, we can expect to see more innovative solutions that address the fundamental design principles of digital products. The success of devices like Brick suggests that consumers are becoming more aware of how their attention is being monetized and are seeking ways to regain control.As awareness of digital addiction grows, we may see regulatory interventions that require technology companies to build more ethical design principles into their products, potentially creating a market for both wellbeing tools and more responsibly designed digital experiences.Ultimately, the journey toward healthier digital habits will likely involve a combination of personal discipline, technological solutions, and systemic changes in how digital products are designed and monetized.

A 40‑Year Retrospective on Chernobyl’s Lingering Shadow Four decades after the April 26, 1986 explosion at the Chernobyl Nuclear Power Plant, the 30‑km exclusion zone remains a paradox of desolation and renewal. While the area is still contaminated, the ongoing war in Ukraine has added a new layer of risk, reshaping the landscape for both humans and wildlife. From Ghost Towns to Growing Herds: How the Exclusion Zone Has Evolved Abandoned settlements such as Pripyat and Chernobyl town are now silent backdrops for a surprising resurgence of fauna. Species that vanished from much of Europe—wolves, elk, and Przewalski’s horses—have established thriving populations. At the same time, military movements along the zone’s perimeter have intensified, turning parts of the area into a de‑facto front line. Radiation Metrics and Demographic Shifts: What the Numbers Reveal Average ambient dose in the outer zone: 0.1 µSv/h (≈ 0.9 mSv/yr), roughly twice the global background of 0.05 µSv/h. Hot‑spot readings near the reactor’s sarcophagus: up to 3 µSv/h. Human presence: ≈ 2,000 authorized workers and scientists per year; permanent residents remain 0. Wildlife census (2024): elk numbers up 30 % since 2010; wolf packs increased from 5 to 12. Military activity: over 150 reported incursions into the zone since February 2022. Geopolitical Tensions and Environmental Risks: Why the Zone Is a New Flashpoint The overlap of a radioactive landscape with active combat raises unique hazards. Disturbance of contaminated soil could mobilize radionuclides, while damaged infrastructure at the plant poses a low‑probability but high‑impact scenario of further releases. International watchdogs warn that any escalation could force a reassessment of nuclear safety protocols across Europe. What Lies Ahead: Scenarios for Chernobyl in a Conflict‑Prone Europe Experts outline three plausible pathways: Conservation‑first: If hostilities subside, the zone could become a protected wildlife reserve, leveraging its de‑facto isolation. Militarized hazard: Continued fighting may lead to accidental breaches, prompting emergency evacuations and cross‑border contamination alerts. Tourism‑driven exposure: A controlled “dark‑tourism” model could generate revenue but must balance visitor safety with environmental preservation. Monitoring and diplomatic engagement will be critical to steer the region away from the worst‑case outcome.